Minimum Settlement Amount definition

Minimum Settlement Amount means the minimum total payment of ten million dollars ($10,000,000.00) that ▇▇▇▇▇▇▇▇-▇▇▇▇▇ agrees to pay to satisfy valid Claims and Litigation Costs and Expenses. The Minimum Settlement Amount includes four million dollars ($4,000,000.00) in credit that is attributable to the amount of claims ▇▇▇▇▇▇▇▇-▇▇▇▇▇ previously paid through activated refund cards issued through the Recall and Refund Program. Thus, this Parties agree that the “Minimum Settlement Amount” of ten million dollars ($10,000,000.00) is comprised of: (1) the four million dollar ($4,000,000.00) credit, and (2) an additional six million dollars ($6,000,000.00) to be paid toward the satisfaction of the Minimum Settlement Amount. If the Amount Payable for Approved Claims exceeds the Minimum Settlement Amount, ▇▇▇▇▇▇▇▇- ▇▇▇▇▇ will pay any additional Approved Claims in an amount not to exceed the Maximum Settlement Amount, consistent with Paragraphs 2.17 and 6.4.
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Minimum Settlement Amount is defined in Paragraph 24.5.
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Minimum Settlement Amount means eleven million one hundred thirty seven thousand five hundred Canadian dollars ($11,137,500).
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Examples of Minimum Settlement Amount in a sentence

  • Within thirty (30) days of the Preliminary Approval Order, ▇▇▇▇▇▇▇▇-▇▇▇▇▇ shall deposit a minimum of two million dollars ($2,000,000.00) into a Fund that will be used to pay the Minimum Settlement Amount and Notice and Administration Expenses (“Settlement Fund”).

  • Preliminarily, this initial deposit in the fund will be used to pay Notice and Administration Expenses, and may be applied toward the Minimum Settlement Amount only as described below.

  • Any Service Awards approved by the Court will count toward the Minimum Settlement Amount, however, if Approved Claims exceed the Maximum Settlement Amount, Service Awards will not count toward the Maximum Settlement Amount.

  • If the Amount Payable for Approved Claims and the cost of Notice and Administration Expenses and the Fee Award and Costs together amount to less than the Minimum Settlement Amount, the Parties will confer and jointly submit a proposal to the Court regarding the proposed distribution of the remaining Settlement Funds.

  • If the Amount Payable for Approved Claims is less than the Minimum Settlement Amount, ▇▇▇▇▇▇▇▇-▇▇▇▇▇ shall receive a credit towards its other obligations: first to Notice and Administration Expenses, and second to the Fee Award and Costs, in which case ▇▇▇▇▇▇▇▇-▇▇▇▇▇ must fund the Settlement sufficient to satisfy the Amount Payable for Approved Claims and the Minimum Settlement Amount less the applicable credits described herein.

  • If the cumulative amount to be settled does not reach the Minimum Settlement Amount for consecutive six months, HONOR shall make Settlement every six months.

  • If the cumulative amount to be settled within a Settlement Period is less than the applicable Minimum Settlement Amount listed in below table, the settlement will be postponed to the next tenure when the amount to be settled reaches the Minimum Settlement Amount.

  • Additionally, under the Settlement, total value of Approved Claims, Class Counsel Fees, Administration Expenses and any honorariums for the plaintiffs in the Proceedings does not exceed the Minimum Settlement Amount, the value of each Approved Claim may be increased on a pro rata basis, up to a maximum of CAD$150 per device.

  • The Settlement provides for a Minimum Settlement Amount of $4,116,666.67 (CDN) and up to a Maximum Settlement Amount of $6,750,000.00 (the “Settlement Payment”), depending on the number of Approved Claimants.

  • If the Settlement Amount is more than the Minimum Settlement Amount, within thirty (30) days of the Claim Finalization Date, the Defendants shall pay into the Trust Account any difference between the Settlement Amount and the Minimum Settlement Amount.


More Definitions of Minimum Settlement Amount

Minimum Settlement Amount means 65% of the Net Aggregate
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Minimum Settlement Amount means a fund of CAD$4,116,666.67.
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Minimum Settlement Amount means the minimum total payment of ten million dollars ($10,000,000.00) that Kimberly-Clark agrees to pay to satisfy valid Claims and Litigation Costs and Expenses. The Minimum Settlement Amount includes four million dollars ($4,000,000.00) in credit that is attributable to the amount of claims Kimberly-Clark previously paid through activated refund cards issued through the Recall and Refund Program. Thus, this Parties agree that the “Minimum Settlement Amount” of ten million dollars ($10,000,000.00) is comprised of: (1) the four million dollar ($4,000,000.00) credit, and (2) an additional six million dollars ($6,000,000.00) to be paid toward the satisfaction of the Minimum Settlement Amount. If the Amount Payable for Approved Claims exceeds the Minimum Settlement Amount, Kimberly- Clark will pay any additional Approved Claims in an amount not to exceed the Maximum Settlement Amount, consistent with Paragraphs 2.17 and 6.4.
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