Net Distribution Amount definition

Net Distribution Amount means, for any period, the amount of fees paid to AMH under any keep-well agreement relating to the Music Project and then paid as distributions in cash to the Borrower by AMH to the extent permitted thereunder.

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Net Distribution Amount means the amount in the Settlement Fund after payments out of the Settlement Fund pursuant to this Settlement Agreement and approved by the Court for any of the following: any Attorneys’ Fees and Costs; any individual settlement and service award to the Plaintiff.

Net Distribution Amount means the amount of individual payments that all Settlement Class Members (as defined below) will retain after repayment of their pro-rata share of Court-awarded (i) attorneys’ fees, costs and expenses to compensate Class Counsel for services rendered in investigating, commencing and prosecuting the Lawsuit, including the Appeal, that resulted in the Settlement, and (ii) costs incurred by the Tax Collector in connection with the Notice Program (as defined below).

Examples of Net Distribution Amount in a sentence

Settlement Class Member Payments Distribution to All Settlement Class Members Each Settlement Class Member whose name appears on the class list, whose Mail Notice is not returned as undeliverable, and who does not opt out, is entitled to payment under the process set forth in Error: Reference source not found of this Settlement Agreement in an amount equal to their pro rata share of the Net Distribution Amount.
For example, if 50 Class Members submit timely Opt-out Statements and the total cumulative percentage of the Gross Settlement Amount for those 50 Class Members is 5%, then that 5% will be evenly redistributed amongst all Opt-In Plaintiffs, so that Individual Settlement Amounts will equal one hundred percent (100%) of the Net Distribution Amount.
For example, if a Class Member’s percentage of the Full Recovery Amount is 0.25%, and the Net Distribution Amount is $3,000,000.00, then that Class Member’s Individual Settlement Amount would be $7,500.00 (subject to the applicable tax withholdings as described in Section 3.5.) A Class Member shall only be entitled to receive that Class Member’s percentage of the Net Settlement Fund as calculated above.

More Definitions of Net Distribution Amount

Net Distribution Amount shall have the meanings set forth in Subdivision A of Article FIRST;

Net Distribution Amount means the Gross Settlement Amount, as set

Net Distribution Amount means the amount to be distributed from the Net Settlement Fund to Settlement Class Members.

Net Distribution Amount means, as of any Distribution Date, an amount equal to the Distributable Cash Flow calculated as of the immediately preceding Semi-Annual Date minus the amount by which (i) the sum of all amounts withdrawn during the period from such Semi-Annual Date and to and including such Distribution Date as required with clauses (a) through (e), (g), (i), (j) and (k) of Section 5.2 exceeds (ii) all Revenues deposited into the Revenue Account during such period; provided, that in no event shall, as of any Distribution Date, the Net Distribution Amount exceed the amount of Distributable Cash Flow calculated as of the immediately preceding Semi-Annual Date.

Net Distribution Amount means the amount to be distributed from the Net Settlement Amount to Participating Settlement Class Members who submit Valid SETTLEMENT AGREEMENT Claim Forms pursuant to the terms and conditions set forth in Section 11 of this Agreement.

Net Distribution Amount means the total amount paid to SETTLEMENT CLASS MEMBERS who submit QUALIFIED CLAIMS, including PAYROLL TAXES AND REQUIRED WITHHOLDING deducted by the SETTLEMENT ADMINISTRATOR.