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.
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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;
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Examples of Resolution Sum in a sentence

  • Following Resolution, to the extent of any allocation of the Resolution Sum mandated by the Scheme’s constitution, the Lawyers shall be entitled to a distribution by the Scheme calculated by reference to their Remaining Costs.

  • 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.

  • OBIML expects that any income earned by the Scheme on assets within the Scheme (including the Resolution Sum after it has been received) will be subject to Australian income tax (including CGT).

  • The Funder has no right to recover any amount of costs from the representative party or any of the other claimants, or any right to reimbursement of its funding other than as a distribution out of the Resolution Sum according to the terms of the Scheme’s constitution.

  • There is no guarantee that the Funder’s share of the Resolution Sum will be more than the costs incurred by the Lawyers in prosecuting the Class Action.

  • The Funder’s share of the Resolution Sum will be paid as a distribution from the Scheme.

  • There is no guarantee that the Resolution Sum will be a significant amount (or anything at all).

  • The Claimant must notify the Co-Funders upon receipt by the Claimant of any Resolution Sum.

  • Project Costs are a material component of the Funder’s share of any Resolution Sum.

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


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 Xxxxxxx Xxxxxxxxx recommends be joined to Proceedings commenced or yet to be commenced.
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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 and 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. Respondents means:-
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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.
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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 the Respondent 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.
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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.
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Related to Resolution Sum

  • Resolution shall have the meaning specified in Section 8(E).

  • resolution action means the decision to place an institution or entity referred to in point (b), (c) or (d) of Article 1(1) under resolution pursuant to Article 32 or 33, the application of a resolution tool, or the exercise of one or more resolution powers;

  • Resolution of Directors means either:

  • resolution plan means a plan proposed by resolution applicant for insolvency resolution of the corporate debtor as a going concern in accordance with Part II;

  • Resolution Time means 1:00 p.m. New York time on the Local Business Day following the date on which the notice of the dispute is given under Paragraph 5.

  • Resolution Date means the date the funded amount, plus the

  • Special Resolution means a resolution passed by a majority of not less than two-thirds (2/3) of the votes cast on that resolution.

  • unanimous resolution means, subject to subsection (3) -

  • Resolution of Shareholders means either:

  • resolution power means a power referred to in Articles 63 to 72;

  • Series Resolution or “this Resolution” means this Resolution authorizing the issuance and sale of the Series 2020 Bonds in one or more series or sub-series, and including the applicable Certificate of Award for any such series.

  • Supplemental Resolution means any resolution or resolutions of the Trust amending, modifying or supplementing this Bond Resolution, authorizing the issuance of a Series of Refunding Bonds, or any other Supplemental Resolution adopted by the Trust pursuant to the provisions of this Bond Resolution.

  • Master Resolution means the Amended and Restated Master Resolution Establishing The University of Texas System Revenue Financing System adopted by the Board on February 14, 1991, as amended on October 8, 1993, and August 14, 1997.

  • U.S. Special Resolution Regime means each of (i) the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and the regulations promulgated thereunder.

  • Resolution Period has the meaning set forth in Section 2.04(c)(ii).

  • Resolutions shall have the meaning set forth in Section 7.5.

  • Dispute Resolution Scheme means the Electricity and Gas Complaints Commission or such other dispute resolution scheme approved or provided for in accordance with section 95 of the Act;

  • Informal resolution means options for resolving a formal complaint that do not involve a full investigation and adjudication. Informal resolution may encompass a broad range of conflict resolution strategies, including mediation or restorative justice.

  • certificate of fitness means a certificate issued by the Department to a contract bus carrier.

  • U.S. Special Resolution Regimes has the meaning specified in Section 11.21.

  • Certified Resolution means a copy of a resolution of the Board of Directors of the Company, certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted and to be in full force and effect on the date of such certification.

  • Certificate of a Firm of Independent Public Accountants means a certificate signed by an independent public accountant or a firm of independent public accountants who may be the independent public accountants regularly retained by the Company or who may be other independent public accountants. Such accountant or firm shall be entitled to rely upon an Opinion of Counsel as to the interpretation of any legal matters relating to such certificate.

  • Company Certificate of Incorporation means the certificate of incorporation of the Company.

  • Initial Resolution Period As defined in Section 2.03(b).

  • Arrangement Resolution means the special resolution approving the Plan of Arrangement to be considered at the Company Meeting, substantially in the form of Schedule B.

  • Certification of Incorporation means the restated certificate of incorporation of the Corporation, as it may be amended from time to time, and shall include this Certificate of Designations.