Individual Defendant definition
Examples of Individual Defendant in a sentence
Each time any Defendant makes any payment to satisfy all or part of its Individual Defendant Aggregate Contribution, the Class Settlement Administrator and Individual Settlement Administrator shall, in the aggregate, hold back from that payment for inclusion in the Holdback Fund an amount equal to the total amount of that payment times $500 million divided by the Aggregate Settlement Amount.
In no event shall any Defendant be required to pay more than its Individual Defendant Aggregate Contribution.
Third, if, and only if, these first two sources are exhausted, the remaining Defendants will collectively pay the remainder of Defendants’ IP Administration Share, with each Defendant paying a proportion that corresponds to its Individual Defendant Aggregate Contribution divided by the Aggregate Settlement Amount.
Excluded from the Settlement Class are Defendants, the directors and Officers of Lumber Liquidators at all relevant times, members of their Immediate Families and their heirs, successors or assigns, and any entity in which any Defendant or any member of the Immediate Family of any Individual Defendant has or had a controlling interest.
Individual Defendant ▇▇▇▇▇▇▇ ▇▇▇▇, in his capacity as an independently elected county official, is also a signatory to this Agreement in order to effect certain of the settlement terms specified in Section C.