Coordinating Counsel definition
Examples of Coordinating Counsel in a sentence
The Parents will share the costs of such Coordinating Counsel incurred in connection with the activities described in this Section 5.07(a) in the same proportions as those set forth for the title commitments.
The Parents will direct Coordinating Counsel to monitor these efforts and to report back to each of the Parents on the progress made in removing any such Liens.
The Parents will also direct Coordinating Counsel to prepare deeds and other necessary transfer documentation for the conveyance of real property in connection with the Contemplated Transactions.
Plaintiffs’ Coordinating Counsel, or the person designated by it, shall have sole access to, and control of, the Settlement Fund.
Plaintiffs’ Coordinating Counsel shall notify KBTF of receipt of the documents and hold the Releases in escrow until the last payment under Sections IV(B)(2)(a)(ii) and (iii) is made by ▇▇▇▇▇▇▇, after which the Releases shall be delivered to ▇▇▇▇▇▇▇.
Plaintiffs’ Coordinating Counsel shall receive five (5%) percent of the Settlement Proceeds for the services rendered as Plaintiffs’ Coordinating Counsel (the “5% ▇▇▇▇▇▇▇▇ Fee”).
The ▇▇▇▇▇▇ Firm may utilize the administrator of the Settlement Fund designated by Plaintiffs’ Coordinating Counsel to assist in the collection of the Releases and the endorsed Tier Zero Checks.
Plaintiffs’ Coordinating Counsel, or a person designated in writing by it, shall, as a precondition to payment of the Settlement Proceeds, have established a Qualified Settlement Fund pursuant to Treasury Regulation 1.468B-1 (also see Section XI(K)) and other applicable law (the “Settlement Fund”) to manage and distribute the Settlement Proceeds in accordance with this Agreement.
Plaintiffs’ Coordinating Counsel and The ▇▇▇▇▇▇ Firm shall use their continuing best efforts to effectuate all of the terms and conditions of this Agreement, including, without limitation, the execution, delivery and filing of all Releases, Dropping and Dismissal Notices and Joint Motions of Dismissal, and the provision of any other documentation or information reasonably requested by the Settling Defendants to effectuate the terms of this Agreement.
With the assistance of the Settlement Fund administrator, Plaintiffs’ Coordinating Counsel shall collect the Tier Zero Checks after they are endorsed and deposited by the Tier Zero Plaintiffs, and then notify KBTF as to which Tier Zero Checks were collected and the total amount of those Tier Zero Checks (the “Tier Zero Lump Sum”) and hold the Tier Zero Checks in escrow until the last payment under Sections IV(B)(2)(a)(ii) and (iii) is made by ▇▇▇▇▇▇▇, after which time they shall be delivered to ▇▇▇▇▇▇▇.