THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $3,050,000.00. As discussed separately below, attorneys’ fees and costs, litigation costs, and the costs paid to a third-party Fee Expert and Settlement Administrator to administer the settlement (including mailing and emailing this notice) will be paid out of the Settlement Fund. The balance of the Settlement Fund will be divided among all Class as described in the settlement agreement.
THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $1,200,000.00. It will also forgive Uncollected Fees totaling at least $180,000, as defined in the Settlement Agreement, and change its practices regarding certain Relevant Fees going forward. As discussed separately below, attorneys’ fees, litigation costs, and the costs paid to a third- party Settlement Administrator to administer the Settlement (including mailing and emailing notice) will be paid out of the Settlement Fund. The Net Settlement Fund will be divided among all Settlement Class Members entitled to Settlement Class Member Payments based on formulas described in the Settlement Agreement.
THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $2,331,000.00 for the class. Defendant will also forgive Uncollected Fees totaling $17,090.00. As discussed separately below, attorneys’ fees of up to one-third (33 1/3 %) of the Value of the Settlement, litigation costs, the service award of $10,000.00 for each Named Plaintiff, and the costs paid to a third party Settlement Administrator to administer the settlement (including sending the Postcard Notices and Email Notices) will be paid out of the Settlement Fund. Once the requested disbursements are approved from the Settlement Fund, the Net Settlement Fund will be divided among all Class Members as follows and based on formulas described in the Settlement Agreement.
THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $3,825,000.00. In addition, Defendant has agreed to forgive certain overdraft fees or other amounts that members of the Class owe to Defendant on an account that has been closed within five (5) years prior to the date the Court provided preliminary approval of the settlement through November 30, 2019, as identified by the Parties based on review and analysis of Defendant’s reasonably accessible data and information. As discussed separately below, attorneys’ fees, litigation costs, and the costs paid to a third-party Settlement Administrator to administer the settlement (including mailing and emailing this notice) will be paid out of the Settlement Fund. The balance of the Settlement Fund will be divided among all Class Members as outlined in the settlement agreement.
THE SETTLEMENT PAYMENT. 9. How much is the settlement? Defendant has agreed to create a Settlement Fund of $1,250,000.00. In addition, Defendant has agreed to forgive up to $500 of all amounts any Class Member owes Defendant from deposit accounts that were charged off by Defendant between August 11, 2015 and February 4, 2022, provided that the account is one that was charged one or more insufficient funds or overdraft fees on an item that had previously been charged one or more insufficient funds fee between August 11, 2015 and February 4, 2022. In no event shall the aggregate amount to be forgiven exceed $500 per Class Member. In the event that you have more than one account that is eligible for the forgiveness described in this Section, Defendant will have the sole discretion to determine how to allocate the forgiveness described in this Section between or among your accounts. The total amount Defendant has agreed to forgive is estimated to be approximately $3 million. As discussed separately below, attorneys’ fees, litigation costs, and the costs and fees paid to a third-party Settlement Administrator to administer the settlement (including mailing and emailing this notice) will be paid out of the Settlement Fund. The balance of the Settlement Fund will be divided among all Class Members based on a methodology described in the settlement agreement, which is available on the settlement website (identified below).
THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $2,500,000.00. As discussed separately below, attorneys’ fees, litigation costs, a service award to the Named Plaintiffs, and the costs paid to a third-party Claims Administrator to administer the settlement (including mailing and emailing this Notice) will be paid out of this amount. The balance of the Settlement Fund will be divided among all Class Members on a pro rata basis. Additionally, as a result of this lawsuit, Defendant will implement changes to its practices and disclosures that will eliminate certain overdraft fees and provide clarification of Defendant’s overdraft practices. Defendant shall refund any NSF Fees assessed for one year from the Effective Date of this settlement for any member who contacts Defendant and in any way questions, complains about, or requests an explanation of an NSF Fee assessed for a payment that was rejected and re-submitted for payment.
THE SETTLEMENT PAYMENT. On or prior to the fifth (5th) business day after the Release Effective Date, Web shall pay Debtor the sum of five hundred thousand dollars ($500,000) (the “Settlement Payment”). Such payment shall be made by wire transfer of funds to Debtor’s account in accordance with the following wire transfer instructions or such other wire transfer instructions as may be provided by Debtor to Steel Partners in writing: Bank: PNC Bank, Pittsburgh, PA ABA No.: Beneficiary Name: Reunion Industries, Inc. Beneficiary Account No.:
THE SETTLEMENT PAYMENT. As consideration for this settlement, Fortified and Sxxxxxx have agreed to jointly accept $100,000.00 in cash to be divided among them as they deem fit (the “Settlement Payment”). On the Effective Date—after Rxxxxxx Vxxxx has received the Lost Note Affidavit—Curative shall pay the Settlement Payment by wire to the Mxxx Xxxxxx & Hxxxxx Trust Account c/x Xxxxx Xxxx, Esq., 80 X.X. 0xx Xxxxxx, Xxxxx 0000, Xxxxx, Xxxxxxx 00000 (“Mxxx Xxxxxx”).
THE SETTLEMENT PAYMENT. In consideration of the agreements made by the Company under this Settlement Agreement, BCP V shall pay, or cause to be paid, to the Company, in accordance with the Limited Guarantee, an aggregate amount of $50 million (collectively, the “Payment”) no later than January 4, 2008 (the “Payment Date”) in the form of bank-wired funds, sent as follows: JX Xxxxxx Cxxxx NY Account name—PHH Corporation ABA # Account #
THE SETTLEMENT PAYMENT. 8. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $200,000.00. As discussed separately below, attorneys’ fees, litigation costs and a service award to the Named Plaintiff, will be paid out of this amount. The balance of the Settlement Fund will be divided among all Class Members proportionally. Additionally, as a result of this lawsuit, Defendant has implemented changes to its disclosures that clarify Defendant’s NSF and Overdraft fee practices and will pay the costs of notice and administration, up to $40,000, separately.
