Net Settlement Proceeds definition

Net Settlement Proceeds means the EIX Settlement Proceeds less Cash in an amount equal to the amount of Cash in the EIX Escrow Account (as such amount may be reduced from time to time in accordance with the EIX Settlement Agreement).

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Net Settlement Proceeds means the Maximum Settlement Amount less the Fee and Expense Award, the Service Payments, the PAGA Payment and Administration Costs, as approved and awarded by the Court.

Net Settlement Proceeds means the remaining balance of the Settlement 24 Proceeds, including all interest earned thereon, following payment of any Fee and Expense 25 Award as allowed by the Court.

Examples of Net Settlement Proceeds in a sentence

• Should the Court approve lesser amounts, the difference shall be added to the Net Settlement Proceeds.

• If there are insufficient Net Settlement Proceeds to meet the required Interest Reserve Deposit after payment of the Unit Release Payment, the Borrower shall pay any deficiency from its own funds for deposit in the Interest Reserve Account (any amounts paid from the Interest Reserve Account do not constitute a part of the Interest Reserve and shall not be added to the principal balance of the Loan).

• The Individual Settlement Payments for the Claimants in the California Class will be calculated by multiplying 65% of the Net Settlement Proceeds by each California Class Member's California Percentage Share.

• Each Class Member will receive an equal pro rata portion of the Net Settlement Proceeds.

• In consultation with the plaintiffs, the Class Lawyers will develop a Distribution Plan for the distribution of the Net Settlement Proceeds.

More Definitions of Net Settlement Proceeds

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

Net Settlement Proceeds means the gross sales price of the Lot less customary and usual settlement charges and real estate commissions approved by the Beneficiary, without payment of any sums to the Grantor or any affiliated person or entity of the Grantor;

Net Settlement Proceeds means the Settlement Amount less the amounts payable in respect of Claims Administration Costs, Class Counsel Legal Fees and any other costs associated with claims administration and notice of settlement approval hearing and, where the settlement is approved, notice of settlement approval;

Net Settlement Proceeds means the Maximum Settlement Amount less the Fee and Expense Award, the Service Payments, the PAGA Payment and Administration Costs, as approved and awarded by the Court. At this time, the Net Settlement Proceeds is estimated to be $417,690.00. 90% of the Net Settlement Proceeds shall be allocated to the California Class and 10% of the Net Settlement Proceeds shall be allocated to the California FLSA Class.

Net Settlement Proceeds means the amount remaining of the Settlement Fund after the payment of any Fee Award, as described in (P) 8, the payment of any Taxes and Tax Expenses, as described in (P) 4(k), and the payment of any Notice and Administration Costs;

Net Settlement Proceeds means the Settlement Proceeds less Attorneys’ Fees and Costs less Incentive Awards and less Administration Costs.

Net Settlement Proceeds means any Cash payments or proceeds received by any Borrower or any of such Borrower's Subsidiaries as a result of or in connection with any settlement of any claim, action or proceeding, before any court, arbitrator or other governmental body involving such Borrower or such Subsidiary (including any trade action existing as of the Effective Date), net of legal fees relating to such settlement and income taxes reasonably estimated to be actually payable as a result of such settlement within two years of the date of such settlement.