Resolution Sum definition

Resolution Sum means the amount or amounts for which the Claim is settled, or for which Judgment is given, in favour of the Applicant and Registered Class Action Members in the Legal Proceedings relating to the Taxi Drivers Class Action and includes any interest and costs recovered pursuant to a Costs Order or by agreement. The Resolution Sum will include any ex-gratia payments made to the Applicant and /or Registered Class Action Members in relation to the Claim the subject of the Legal proceedings..

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Resolution Sum means the amount or amounts of money or the value of benefits for which (a) the Claims are Settled, or (b) for which judgment is given in favour of the Applicant in the Proceeding or (c) any subsequent proceeding brought by any Group Member against the Respondent in reliance on the findings made in any judgment in the Proceeding is Settled or for which judgment is given in favour of the Group Member and including (but not limited to): (A) any interest and costs recovered pursuant to a Costs Order or by agreement; (B) any ex gratia payments and (C) any payments in respect of the Claims where any Respondent (or any property, assets or liabilities of any Respondent) is, or comes under, the control of an external controller.

Resolution Sum means the amount or amounts, or the value of any goods or services, for which the Claims are settled, or for which judgment is given, including the value of any favourable terms of future supply of goods or services and including any interest and including costs recovered pursuant to a Costs Order or by agreement;

Examples of Resolution Sum in a sentence

• To obtain the written consent of LH prior to acceptance of any offer of settlement or compromise for a Gross Resolution Sum of less than 50% on behalf of the Applicant and Registered Class Action Members.

• For example if the Applicant’s and all Registered Class Action Members total claim sum is $10 million dollars the Member shall instruct the Applicant to obtain the written consent of LH prior to accepting on behalf of its self and Registered Class Action Members a Gross Resolution Sum of less than $5 million dollars.

• Without knowing the final totals of factors such as the amount of any Resolution Sum or the number of Claimants involved, it is impossible at this early stage to provide you with a practical estimate of the cost amount you will bear, other than to say it will never exceed any payment you are due upon success.

• Under the Funding Agreement any costs recovered from the Respondents form part of the Gross Resolution Sum for the purposes of calculating the Indemnity Fee payable to LH in accordance with the terms of the Funding Agreement.

• The Peoples Solicitors will be reimbursed from the gross Resolution Sum for Costs incurred between the 10th December 2010 and the commencement date as agreed with LH.

• In the event of a Successful Outcome where the Resolution Sum is $80 million or greater, an Uplift Fee of 25% is payable to ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ on the Conditional Percentage of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇’▇ Professional Fees.

• Claimant Information Section Claimant’s Share The share borne by the Claimant calculated by reference to the proportion that the Resolution Sum bears to the total amount of the resolution sums in respect of the claims of all Funded Persons the subject of the Proceedings or the Settlement concerned.

• As explained in clause 4.2 above, upon a Resolution (and subject to court approval), the Legal Costs paid by the Funder to BLCA and ▇▇▇▇▇▇▇ + ▇▇▇▇▇ in respect of the Work will be reimbursed to the Funder (together with other amounts paid by the Funder under the Funding Agreement) from the Resolution Sum.

• If there is a Resolution of the Claims at the time of that Termination or at any later time, clause 10 and clause 11 will continue to apply and the Applicant will be liable to account to the Funder from the relevant Resolution Sum, the amounts set out in sub-clause 11.

• If there is a Resolution of the Claims of the Claimant at the time of the termination or at any later time, clauses 9, 10 and 12 will continue to apply and the Claimant will be liable to pay to Omni Bridgeway, from the relevant Resolution Sum, the amounts set out in clause 12.

More Definitions of Resolution Sum

Resolution Sum means: a) an amount or amounts, or the value of goods or services, received on account of Settlement or judgment in respect of the Claims, in favour of the Claimant (or the Representative on behalf of persons including the Claimant), including the value of any favourable terms of future supply of goods or services and including any interest; as well as b) any amounts received by or on behalf of the Claimant under an order made by a court, or by agreement, that a person pay some or all of the costs and disbursements incurred by any person with Claims (including costs and disbursements incurred in any interlocutory proceedings). For the avoidance of doubt the Resolution Sum includes any amounts and the value of any goods and services received on account of Settlement or judgment in respect of the Claims, which is paid or provided by or on behalf of any entity from whom some or all of the Respondents assert or could assert a claim for contribution. Respondent(s) means the person at Item B of the Schedule and any other party: a) named by the Claimants as a defendant or respondent in the Proceedings, or b) which ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ recommends be joined to Proceedings commenced or yet to be commenced.

Resolution Sum means the amount or amounts of money or the value of benefits for which the Claims are Settled, or for which Judgment is given in favour of the Applicant in any Proceedings and includes any interest and costs recovered pursuant to a Costs Order or by agreement. There will be a separate Resolution Sum for each separate Proceeding. The Resolution Sum includes any ex-gratia payments Respondents means:-

Resolution Sum means the amount or amounts of money (or the value of any goods, services, receivables or benefits) for which (a) the Claims are Settled, or (b) judgment is given in the Proceeding, or in any subsequent proceeding brought by the Claimant against Toyota in reliance on the findings made in any judgment in the Proceeding, including (but not limited to) any interest and costs recovered pursuant to a Costs Order or by agreement. For the avoidance of doubt, the Resolution Sum includes your share of the aggregate amounts that are deducted from any Group Member’s share of the Resolution Sum pursuant to a “funding equalisation order” (if made by the Court) and redistributed to Funded Persons.

Resolution Sum means the amount or amounts, or the value of any goods or services, for which the Claims are settled, or for which judgment is given, including the value of any favourable terms of future supply of goods or services and including any interest and including costs recovered pursuant to a Costs Order or by agreement. For the avoidance of doubt, the Resolution Sum includes the Claimant’s share of the aggregate of amounts that are deducted from any unfunded class members under a “funding equalisation order” (if made by the Court) and redistributed to Funded Persons, such share to be determined by reference to the proportion that the Claimant’s Gross Recovery bears to the total Gross Recovery of all Funded Persons.