Class Representative Awards definition

Class Representative Awards means such funds as may be awarded by the Court to be paid solely from the Settlement Fund to the Named Plaintiffs in recognition of their time, effort, and service to the Settlement Class, expended in pursuing the Action and in fulfilling their obligations and responsibilities as representatives of the Settlement Class.
Sample 1Sample 2Sample 3
Class Representative Awards means the amounts awarded, if any, to the Representative Plaintiffs by the Court upon application present to paragraphs 2.20 and 2.21 below.
Sample 1
Class Representative Awards mean the proposed payments specified below in Section 8.B.
Sample 1

Examples of Class Representative Awards in a sentence

  • The Settlement shall not be contingent upon any particular amount being approved by the Court with respect to the Class Representative Awards and the attorneys’ fees and litigation expenses.

  • They will petition to be paid legal fees not to exceed 25% of the settlement fund ($2,250,000), out of pocket costs, estimated to be $151,215, and Class Representative Awards of $10,000 each to Plaintiffs Xxxxxx Xxxxx and Xxxxxx Xxxxxxxx.

  • They will ask the Court to pay them attorneys’ fees not to exceed 25% of the $9 million settlement fund ($2,250,000), out of pocket costs currently estimated to be $151,215, and Class Representative Awards of $10,000 each to Plaintiffs Xxxxxx Xxxxx and Xxxxxx Xxxxxxxx ($20,000 total).

  • The Settlement Administrator shall distribute to Plaintiffs, within 14 days after receipt of the Second Payment from Defendant, the amounts awarded by the Court to Plaintiffs as Class Representative Awards.

  • The Net Class Fund is the Settlement Amount less the amount of attorneys’ fees and costs, Class Representative Awards, and Settlement Administrator expenses (i.e., ¶ 7.A-7.C above) actually awarded by the Court.

  • The Court's determination regarding whether and in what amounts to award attorneys' fees, costs, and expenses to Class Counsel and Class Representative Awards to Xxxxxxxx Xxxxxx, Xxxx Xxxx, or any other named Plaintiff that the parties add by stipulation, shall not be grounds for terminating the Settlement Agreement or otherwise affect the enforceability of the Settlement Agreement.

  • Representative Plaintiffs and Class Counsel further agree and represent that the filing of an application for Class Representative Awards is not a condition of Representative Plaintiffs’ decision to support the Settlement or to provide testimony in support of the Settlement.

  • On the date established in the Preliminary Approval Order, Class Counsel shall file a motion for final approval of the Settlement Agreement, an order awarding Class Representative Awards to Plaintiffs, an order awarding attorneys' fees, costs, and expenses to Class Counsel, and an order awarding the costs of settlement administration to the Settlement Administrator.

Related to Class Representative Awards

  • Class Representatives means Xxxx X. Xxxxx, Xxxxxx X. Xxxxxx, Xxxxxxx X. Xxxxxx, Xxxxxxxx X. Xxxxx, Xxxxxx X. Xxxxxx, Xxxxxxx X. Xxxxxx, Xxxxxxx X. Xxxxxxx, and Xxxx Xxxxx.

  • Class Representative means the named Plaintiff in the operative complaint in the Action seeking Court approval to serve as a Class Representative.

  • Class Representative Service Payment means the payment to the Class Representative for initiating the Action and providing services in support of the Action.

  • Controlling Class Representative shall have the meaning assigned to the term “Directing Certificateholder” in the Lead Securitization Servicing Agreement.

  • Lead Securitization Subordinate Class Representative means the “Controlling Class Representative” as defined in the Lead Securitization Servicing Agreement or such other analogous term used in the Lead Securitization Servicing Agreement.

  • Non-Lead Securitization Subordinate Class Representative means the holders of the majority of the class of securities issued in a Non-Lead Securitization designated as the “controlling class” pursuant to the related Non-Lead Securitization Servicing Agreement or their duly appointed representative; provided that if 50% or more of the class of securities issued in any Non-Lead Securitization designated as the “controlling class” or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Noteholder” is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, no person shall be entitled to exercise the rights of the related Non-Lead Securitization Subordinate Class Representative.

  • Lead Securitization Directing Certificateholder means the “Directing Certificateholder” as defined in the Lead Securitization Servicing Agreement.

  • Controlling Persons means the natural persons who exercise control over an Entity. In the case of a trust, such term means the settlor, the trustees, the protector (if any), the beneficiaries or class of beneficiaries, and any other natural person exercising ultimate effective control over the trust, and in the case of a legal arrangement other than a trust, such term means persons in equivalent or similar positions. The term “Controlling Persons” shall be interpreted in a manner consistent with the Financial Action Task Force Recommendations.

  • Non-Lead Securitization Noteholder Representative shall have the meaning assigned to such term in the definition of “Non-Lead Securitization Noteholder”.

  • Controlling Noteholder means as of any date of determination the holder or holders of a majority of the Lead Securitization Note. At any time the Lead Securitization Note is the Controlling Noteholder and is included in the Lead Securitization, references to the “Controlling Noteholder” herein shall mean the holders of the majority of the class of securities issued in the Lead Securitization designated as the “controlling class” (or such lesser amount as permitted under the terms of the Servicing Agreement) or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Noteholder” hereunder, as and to the extent provided in the Servicing Agreement.

  • Directing Holder means the Holder of Note A-1 or, if Note A-1 is included in a Securitization, the holders of Certificates issued in connection with such Securitization representing the specified interest in the class of Certificates designated as the “Controlling Class” or the duly appointed representative of the holders of such Certificates or such other party that the Note A-1 Holder grants the right to exercise the rights granted to the Directing Holder in this Agreement; provided, that no Borrower Party shall be entitled to act as Directing Holder.

  • Term SOFR Administrator means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Administrative Agent in its reasonable discretion).

  • Controlling Person With respect to any Person, any other Person who “controls” such Person within the meaning of the Securities Act.

  • Directing Certificateholder means the “Controlling Class Certificateholder” or other analogous term as defined in the Lead Securitization Servicing Agreement.

  • Controlling Holder means, as of any date of determination:

  • Non-Lead Securitization Determination Date means the “determination date” (or any term substantially similar thereto) as defined in the related Non-Lead Securitization Servicing Agreement.

  • Ultimate controlling person means that person which is not controlled by any other person.

  • Non-Controlling Noteholder means each Noteholder other than the Controlling Noteholder; provided that, if at any time a Non-Controlling Note (or, at any time a Non-Lead Securitization Note is included in a Securitization, the Non-Lead Securitization Subordinate Class Representative) is held by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, no Person shall be entitled to exercise the rights of such Non-Controlling Noteholder with respect to such Non-Controlling Note.