Settlement Administration Expenses definition
Examples of Settlement Administration Expenses in a sentence
The Settlement Administration Expenses, including the cost of printing and mailing the Class Notice Packet, will be paid out of the Gross Settlement Amount.
The Settlement Amount shall include (i) all payments to Settlement Class Members, including the amounts already paid as part of the Pre-Settlement Refund; (ii) any award of Attorneys Fees; (iii) any Service Award to the Settlement Class Representative; (iv) the cost of Class Notice; (v) Settlement Administration Expenses; and (vi) Taxes.
The Parties agree that, if Defendants withdraw, the Settlement shall be void ab initio, have no force or effect whatsoever, and that neither Party will have any further obligation to perform under this Agreement; provided, however, Defendants will remain responsible for paying all Settlement Administration Expenses incurred to that point.
To the extent the Settlement Administration Expenses that are documented and approved by the Court are less than $15,590, the remainder will be retained in the Net Settlement Amount for distribution to Participating Class Members.
Within seven (7) days of the delivery of the Settlement Class List, the Settlement Administrator shall make a good faith estimate of the Settlement Administration Expenses that will be necessary prior to the Effective Date (the Advance Class Notice Costs) based on the number of Class Notices to be mailed and the costs of producing and mailing the Class Notices and establishing a settlement website.