Net Settlement Funds definition

Net Settlement Funds means the Settlement Amount less Class Counsel Fees, Class Counsel Disbursements, and Settlement Administration Expenses;

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Net Settlement Funds means the Net Settlement Funds - Fixed and the Net Settlement Funds - Claimable;

Net Settlement Funds means the balance after all Fees have been deducted from the Settlement Funds received on a Business Day;

Examples of Net Settlement Funds in a sentence

In such an event, no Net Settlement Funds will be distributed to Claimants for Approved Claims for Documented Loss Payments or for Cash Fund Payments.
In such an event, no Net Settlement Funds will be distributed to Claimants with Approved Claims for Cash Fund Payments.
If Net Settlement Funds remain after paying for the CMIS, the Settlement Administrator will next use it to pay valid claims for Documented Loss Payments.
It is anticipated that any disbursement of funds to a cy pres recipient will likely come from unnegotiated payments to Class Members, as all Net Settlement Funds are intended to be “swept” into the Residual Cash Payments.
Any Net Settlement Funds that remain after the distribution and reissuance of all payments from the Settlement Fund, including for settlement checks that are not cashed by the deadline to do so, will be distributed to a cy pres recipient that is jointly proposed by the parties and approved by the Court.

More Definitions of Net Settlement Funds

Net Settlement Funds means the amount available from the Maximum Base Fund and Maximum Economic Loss Fund to be distributed to Settlement Class Members as Base Payments and Eligible Economic Loss Claim Payments and to pay any Excess Administration Expenses, after deducting the Class Counsel Fee, Class Counsel Disbursements, and Representative Plaintiff Honorarium;

Net Settlement Funds means the Settlement Funds, less the payments set forth in Section VII.B.1.

Net Settlement Funds means the Net Settlement Funds –Fixed and the Net Settlement Funds – Claimable, as defined in the Settlement Agreement.

Net Settlement Funds means the Escrow Settlement Funds after payment of Administration Expenses and Class Counsel Fees. For greater certainty, Net Settlement Funds includes the after tax amount of any accrued interest income earned on the Escrow Settlement Funds; and

Net Settlement Funds means the amount of the Settlement Funds after adjustment for the payment of Court- approved litigation expenses, costs of settlement administration, attorneys’ fees, and class representative incentive awards.

Net Settlement Funds means the amount of funds to be paid on behalf of the Defendants referenced in Section 3(c) of this Settlement Stipulation less: (1) attorneys’ fees for Lead Counsel that are approved by the Court, (2) reimbursable expenses of Lead Counsel that are approved by the Court, (3) amounts paid pursuant to Section 6 from the Holdback Funds in connection with Covered Claims, (4) amounts paid for Taxes and Tax Expenses, (5) amounts for payment to the Settlement Administrator and his Retained Personnel, including indemnity advances, allowed pursuant to Section 7, and (6) any costs of notice.

Net Settlement Funds means the AT&T 1 Net Settlement Fund and the AT&T 2 Net Settlement Fund, collectively.