Common use of THE SETTLEMENT PAYMENT Clause in Contracts

THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $1,500,000.00, and change its practices regarding the 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. 98. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $1,500,000.00, and change its practices regarding the Relevant Fees going forward110,000.00. As discussed separately below, attorneys’ fees, litigation costs, and a service award to the costs paid to a third- party Settlement Administrator to administer the Settlement (including mailing and emailing notice) Named Plaintiff, will be paid out of the Settlement Fundthis amount. The Net balance of the Settlement Fund will be divided among all Settlement Class Members entitled proportionally. Additionally, as a result of this lawsuit, Defendant has implemented changes to Settlement Class Member Payments based on formulas described in the Settlement Agreementits disclosures that clarify Defendant’s NSF and Overdraft fee practices.

THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $1,500,000.004,250,000.00. It will also forgive Uncollected Fees totaling approximately $1,497,792, and change its practices regarding as defined in the Relevant Fees going forwardSettlement Agreement. 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 $1,500,000.00, and change its practices regarding the Relevant Fees going forward1,653,000.00. As discussed separately below, attorneys’ fees, litigation costs, and the costs paid to a third- 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 Settlementsettlement? Defendant has agreed to create a Settlement Fund of $1,500,000.00, and change its practices regarding the Relevant 3,055,616.00. It will also forgive Uncollected Fees going forwardtotaling $1,007,548. As discussed separately below, attorneys’ fees, litigation costs, and the costs paid to a third- party Settlement Administrator to administer the Settlement 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 $1,500,000.00, and change its practices regarding the Relevant Fees going forward5,500,000.00. As discussed separately below, attorneysany court-awarded Service Awards, Attorneys’ fees, litigation costsFees and Costs Payment, and the costs paid to a third- party Settlement Administrator to administer the Settlement (including mailing and emailing notice) Administration Costs 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 $1,500,000.00, and change its practices regarding the Relevant Fees going forward249,500.00. As discussed separately below, attorneys’ fees, litigation costs, and the costs paid a service award to a third- party Settlement Administrator to administer the Settlement (including mailing and emailing notice) Plaintiff, will be paid out of the Settlement Fundthis amount. The Net balance of the Settlement Fund will be divided among all Settlement Class Members entitled proportionally. Costs to Settlement Class Member Payments based on formulas described in administer the Settlement Agreementsettlement (including mailing and emailing this Notice) will be paid separately by Defendant.

THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $1,500,000.001,137,000.00. In addition, and change its practices regarding Defendant has agreed to forgive certain Uncollected Fees, as defined in the Relevant Fees going forwardSettlement Agreement, in an approximate amount of $542,000. As discussed separately below, attorneys’ fees, litigation costs, and the costs paid to a third- party Settlement Administrator to administer the Settlement settlement (including mailing and emailing this notice) will be paid out of the Settlement Fund. The Net balance of the Settlement Fund will be divided among all Settlement Class Members entitled to Settlement Class Member Payments based on formulas as described in the Settlement Agreementsettlement agreement.

THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $1,500,000.00, and change its practices regarding the Relevant Fees going forward3,050,000.00. As discussed separately below, attorneys’ feesfees and costs, litigation costs, and the costs paid to a third- third-party Fee Expert and Settlement Administrator to administer the Settlement settlement (including mailing and emailing this notice) will be paid out of the Settlement Fund. The Net balance of the Settlement Fund will be divided among all Settlement Class Members entitled to Settlement Class Member Payments based on formulas as described in the Settlement Agreementsettlement agreement.

THE SETTLEMENT PAYMENT. 98. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $1,500,000.00, and change its practices regarding the Relevant Fees going forward745,000.00. As discussed separately below, attorneys’ fees, litigation costscosts and a service award to the Named Plaintiff, 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 Fundthis amount. The Net balance of the Settlement Fund will be divided among all Settlement Class Members entitled proportionally. Additionally, as a result of this lawsuit, Defendant has implemented changes to Settlement Class Member Payments based on formulas described in the Settlement Agreementits disclosures that clarify Defendant’s NSF and OD fee practices.