Net Benefit Payment definition
Net Benefit Payment means the funds available for distribution to the Class from the Aggregate Benefit Payment after all permissible deductions and adjustments under this Agreement.
Examples of Net Benefit Payment in a sentence
The aggregated sum of these payments is two million, nine hundred thousand dollars and no cents ($2,900,000.00) (i.e., the Aggregate Benefit Payment), subject to any deductions for costs and attorneys’ fees awarded by the Court to Class Counsel, and other deductions or adjustments contemplated under this Agreement (i.e., the Net Benefit Payment).