Common use of THE SETTLEMENT CONSIDERATION Clause in Contracts

THE SETTLEMENT CONSIDERATION. 2.1. In consideration of the full and final release, settlement and discharge of all Released Claims against the Released Parties, within twenty (20) Business Days after the latest of (i) entry of the Preliminary Approval Order, and (ii) delivery of complete and accurate payment instructions, a completed Form W-9 reflecting a valid taxpayer identification number for the qualified settlement fund in which the Settlement is to be deposited, and EFT Authorization by Lead Counsel to Defense Counsel, Acer shall cause Defendants’ Insurers to transfer the Settlement Amount ($8,350,000), by wire transfer or check, to the Escrow Account.

THE SETTLEMENT CONSIDERATION. 2.1. In consideration of the full and final release, settlement and discharge of all Released Claims against the Released Parties, within twenty fifteen (2015) Business Days after the latest of (i) entry of first date by which the Court has entered the Preliminary Approval Order, Order and (ii) delivery of complete Lead Counsel has delivered wire instructions and accurate payment instructions, a completed Form W-9 reflecting a valid taxpayer identification number for the qualified settlement fund in which the Settlement is to be deposited, and EFT Authorization by Lead Counsel to Defense Counsel, Acer Indivior shall either transfer or cause the Defendants’ Insurers Insurer(s) to transfer the Settlement Amount ($8,350,0002,000,000), by wire transfer or check, to the Escrow Account.