Common use of Treatment of Settlement Fund if Settlement Terminated Clause in Contracts

Treatment of Settlement Fund if Settlement Terminated. Unless otherwise ordered by the Court, in the event the Settlement is terminated for any reason, then within ten (10) business days after the Parties have provided the Court with notice that they are invoking this Section 6.2, the Escrow Agent shall return the Settlement Fund (including accrued interest), less expenses and any costs which have either been disbursed or incurred, including Taxes and Tax Expenses, to Facebook pursuant to written instructions from Facebook’s Counsel. At the request of Facebook’s Counsel, the Escrow Agent or its designee shall apply for any tax refund owed on the Settlement Fund and pay the proceeds, after deduction of any fees or expenses incurred in connection with such application(s) for refund, to Facebook.

Appears in 4 contracts

Samples: Amended Settlement Agreement and Release, Settlement Agreement and Release, Amended Settlement Agreement and Release

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