Aggregate Settlement Fund definition

Aggregate Settlement Fund means the Settlement Fund described in Paragraph 4 of the Terms of the Settlement below.
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Aggregate Settlement Fund means the sum of Eighty Million and no/100 Dollars ($80,000,000.00) that Defendants collectively will pay into an Escrow Account pursuant to the terms and conditions of the Escrow Agreement, in a proportion to which they have agreed and which shall be disclosed only to the Escrow Agent (in accordance with Sections IV.A.1., IV.A.2 and VII.A.2(d)) ) and to no one else in a confidential side letter from Defendants, plus any interest, dividends and other distributions and payments earned on that sum.‌
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Aggregate Settlement Fund means the sum of the Settlement Fund and the $2,150,000.00 Sempris previously paid as consideration for settlement of the claims alleged against it.
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Examples of Aggregate Settlement Fund in a sentence

  • These amounts shall be subtracted from the Aggregate Settlement Fund to calculate the Net Aggregate Settlement Fund.

  • The Parties acknowledge and agree that the Aggregate Settlement Fund is established solely to compromise the damages claims asserted by Settlement Class Members in the Class Actions and for no other purpose.

  • The Settling Parties agree to treat the Aggregate Settlement Fund at all times as a “qualified settlement fund” (“QSF”) within the meaning of Section 468B of the Internal Revenue Code of 1986, as amended, and United States Treasury Regulations thereunder, including § 1.468B-1.

  • Only the Class Administrator may disburse money from the Aggregate Settlement Fund.

  • Notwithstanding 34.b above, each Settlement Class Member submitting a claim for Economic Compensation shall have their payment increased or decreased on a pro rata basis such that the total amount paid to all Settlement Class Members equals the Net Aggregate Settlement Fund.

  • Settlement Class Members shall be eligible for monetary payments from the Net Aggregate Settlement Fund as follows.

  • Once the Aggregate Settlement Fund is tendered to the Class Administrator pursuant to Paragraph 10 above, the Class Administrator shall administer the Settlement Fund.

  • The Class Administrator shall not disburse any money from the Aggregate Settlement Fund except as provided by this Agreement, by order of the Court, or by joint written instructions of Class Counsel and Virgin Scent’s Counsel.

  • Rather, the Aggregate Settlement Fund shall pay all Taxes and Tax Expenses and indemnify and hold Virgin Scent and Virgin Scent’s counsel harmless for Taxes and Tax Expenses (including, without limitation, Taxes or Tax Expenses payable by reason of any such indemnification).

  • Any Attorneys’ Fee, Costs, and Expenses Award shall be paid from the Aggregate Settlement Fund.


More Definitions of Aggregate Settlement Fund

Aggregate Settlement Fund means the settlement fund created within five (5) business days following the Final Effective Date by transferring the Comdata/Ceridian Settlement Fund, the Love’s Settlement Fund, the Pilot Settlement Fund, and the TA Settlement Fund into a single sub-account within the Escrow Account.
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