Common use of The Settlement Fund Clause in Contracts

The Settlement Fund. 15 (a) Before the Court issues the final approval order, disbursements for Administration 16 Expenses may be made by Class Counsel from the Settlement Fund as follows. Approval by the 17 Court or Endo shall not be required for payment of Administration Expenses, including the taxes, 18 professional fees and other expenses related to maintaining the Escrow Account, for amounts of 19 less than $500,000 in the aggregate, although upon Xxxx’s request Class Counsel will identify 20 any such payments. Disbursements from the Settlement Fund that would equal or exceed 21 $500,000 in the aggregate may be made only with prior approval of Endo or the Court. If the 22 Settlement Agreement is disapproved, terminated, or fails to become effective, previously 23 disbursed Administration Expenses shall not be refunded to Endo.

The Settlement Fund. 15 4 (a) Before the Court issues the final approval order, disbursements for Administration 16 5 Expenses may be made by Class Counsel from the Settlement Fund as followsFund. Approval by the 17 Court or Endo 6 Xxxxxx shall not be required for payment of Administration Expenses, including the taxes, 18 7 professional fees and other expenses related to maintaining the Escrow Account, for amounts of 19 8 less than $500,000 in the aggregate, although upon Xxxx’s Xxxxxx’x request Class Counsel will identify 20 9 any such payments. Disbursements from the Settlement Fund that would equal or exceed 21 10 $500,000 in the aggregate may be made only with prior approval of Endo Xxxxxx or the Court. If the 22 11 Settlement Agreement is disapproved, terminated, or fails to become effective, previously 23 12 disbursed Administration Expenses shall not be refunded to EndoXxxxxx.