Funding of Settlement. Defendants shall wire or otherwise provide to the Settlement Administrator the Gross Settlement Amount no later than fifteen (15) business days of the Effective Final Settlement Date.
Funding of Settlement. Defendant shall wire to the Settlement Administrator the Gross Settlement Amount no later than ten (10) business days of the Effective Final Settlement Date.
Funding of Settlement. The Gross Settlement Fund shall be used to pay, in the following order: (1) all Administrative Costs, (2) any taxes owed by the Gross Settlement Fund (but not any taxes owed by any individual Class Counsel, Plaintiff, or Class Members), (3) any Fee and Expense Award approved by the Court,
Funding of Settlement. 10.1 No funding of any Individual Settlement, or any part thereof, by Xxxxxx Medical will occur until the 95% Acceptance Requirement has been satisfied or waived by Xxxxxx Medical, a fully executed Release and Dismissal have been delivered to Xxxxxx Medical pursuant to Sections 8.1 and 9.1.2, and lien amounts have been confirmed by the LRA in writing to Xxxxxx Medical pursuant to Sections 7.1 and 9.1.2.
Funding of Settlement. Within ten (10) calendar days following the Effective Date, Defendant shall transfer or cause to be transferred the approved amount of the GSF and Employer Taxes in a combined total not to exceed the Settlement Amount to the Settlement Administrator. No funds will be payable by Defendant prior to that time.
Funding of Settlement. Within twenty-one (21) business days after the Effective Date, Defendant shall pay the settlement sum of $1,000,000.00 and the amount that the Settlement Administrator advises is due for Employer Taxes, by transferring these amounts to the QSF account established by the Settlement Administrator for administration of the Settlement. The successful delivery of the Gross Settlement Amount to the Settlement Administrator plus its share of Employer’s Taxes shall be deemed to have satisfied all the terms and conditions under this Settlement, shall be entitled to all protections afforded to Defendant, shall constitute full and complete discharge of the entire obligation of Defendant, and will trigger the release of the Released Class Claims, Released PAGA Claims, and Plaintiff’s Released Claims under this Agreement. Additionally, no Released Parties shall have any further obligation or liability to the PAGA Releases or Settlement Class Members under this Agreement.
Funding of Settlement. The amount which shall be paid to Tenant by OCTA and City, collectively, for full settlement of all claims that have been made, or could be made, in the Action relating to the implementation of the Project is the sum of Three Hundred Thousand Dollars ($300,000.00). Provided this Agreement is signed by all parties, this amount shall be paid to Tenant on or before August 14, 2015. The payment shall be made separately by the City and OCTA in equal amounts of One Hundred Fifty Thousand dollars each. Such payment shall be by way of check (or wire transfer) and made payable to the “Palmieri, Tyler, Xxxxxx, Xxxxxxx & Xxxxxxx LLP Client Trust Account”, and transmitted in care of Xxxxxxx Xxxxxx, Esq., 0000 Xxxx Xxxxxx, Xxxxx 0000 Xxxxxx, XX 00000.
Funding of Settlement. Within ten business days after the Effective Date, Xxxxx Rentals will provide the Settlement Administrator with a payment equal to forty percent (40%) of the Gross Settlement Amount. The remaining sixty percent (60%) of the Gross Settlement Amount shall be deposited with the Settlement Administrator over the course of the following year – i.e., 15% three months after the initial payment, 15% six months after the initial payment, 15% nine months after the initial payment and the final 15% one year after the initial payment. All funds provided by Defendant shall be deposited into a Qualified Settlement Fund to be managed by the Settlement Administrator. If after a notice of appeal, a petition for review, or a petition for certiorari, or any other motion, petition, or application, the reviewing Court vacates, reverses, or modifies the Judgment such that there is a material modification to the Settlement (including, but not limited to, the scope of release to be granted by Participating Class Members), then all amounts in the Qualified Settlement Fund – including any accrued interest – will be returned to Xxxxx Rentals.
Funding of Settlement. Within (30) business days after the Effective Date, Defendant shall pay the Settlement Sum (i.e., $7,600,000.00) and the amount that the Settlement Administrator advises is due for Employer Taxes, by transferring these amounts to a settlement account established by the Settlement Administrator for administration of the Settlement.
Funding of Settlement. Within eight (8) business days of final approval by the Court, PLM, through the Administrator and provided that PLM has been given all necessary information by the Administrator, will deposit into a QSF account the Settlement Fund amount and, separately and in addition, the amount of employer’s share of payroll taxes determined by the Administrator to be due and owing as to the wage portions of the settlement payments. This money will be used to pay all claims, all required taxes, attorney’s fees and costs, service payments and the costs of administration.
