Examples of Settlement Funds in a sentence
Class Members shall look solely to the Settlement Funds for settlement and satisfaction against the Released Entities of all claims that are released hereunder.
Class Counsel may submit an application or applications (the “Fee and Expense Application”) for distributions from the Settlement Funds for: (a) an award of attorneys’ fees; (b) reimbursement of expenses incurred in connection with prosecuting the Action and the Other Actions brought by the Class Representatives; and (c) any interest on such Attorneys’ Fees and Expenses at the same rate and for the same periods as earned by the Settlement Funds, as appropriate, and as may be awarded by the Court.
Nor shall such releases be impacted in any way by any current or future law, regulation, ordinance, or court or agency order limiting, seizing, or controlling the distribution or use of the Settlement Funds or any portion thereof, by the enactment of future laws, or by any seizure of the Settlement Funds or any portion thereof.
The Settlement Funds shall be returned to Xxxxxxx less interest accrued on the Escrow Account, Notice and Administrative Costs paid, incurred, or due and owing Notice and Administrative Costs, and Taxes or Tax Expenses paid, incurred, or due and owing (the “Termination Refund”), pursuant to written instructions from Xxxxxxx’x Counsel.
Upon the Effective Date, any and all remaining interest or right of Xxxxxxx in or to the Settlement Funds, if any, shall be absolutely and forever extinguished, and the Settlement Funds (less any Notice and Administrative Costs, Taxes, Tax Expenses, or Fee and Expense Award paid) shall be transferred from the Escrow Agent to the Notice and Claims Administrators as successor Escrow Agent within ten (10) business days after the Effective Date.