Payment of Administrative Expenses Relating to Notice. 116. Landmark shall pay the reasonable Administrative Expenses incurred prior to the creation of the Settlement Fund, and Landmark will be given credit for all such payments which shall be deducted from the Settlement Fund as set forth below. The Settlement Administrator shall provide the Parties with an estimate of the initial Administrative Expenses, e.g., costs of sending Postcard Notice, establishing the Settlement Website, etc. (“Initial Administrative Expenses”). Landmark shall pay the estimated Initial Administrative Expenses to the Settlement Administrator within ten (10) business days after the entry of the Preliminary Approval Order. After that upfront payment of Initial Administration Expenses by Landmark, the Settlement Administrator shall bill Landmark monthly for any reasonable additional Administrative Expenses, until such time as the Settlement Fund is established. Any amounts paid by Landmark for the estimated costs of administration which are not incurred by the Settlement Administrator shall be used for other Administrative Expenses, or shall be deducted from future xxxxxxxx by the Settlement Administrator. The Settlement Administrator estimates that Initial Administrative Expenses will be $39,000, and Administrative Expenses overall shall be approximately $60,340. 117. The Settlement Administrator shall maintain detailed records of the Administrative Expenses and shall provide those to Counsel monthly. At such time that Landmark funds the Settlement Fund, all amounts previously paid to the Settlement Administrator by Landmark shall be deducted from the total payment which it is required to pay to create the Settlement Fund under Section V. After Landmark has created the Settlement Fund, Landmark shall have no further obligation to pay any amount under this Settlement Agreement, and any additional Administrative Expenses shall be paid out of the Settlement Fund.
Payment of Administrative Expenses Relating to Notice. 120. Xxxxxxx shall pay the reasonable Administrative Expenses incurred prior to the creation of the Settlement Fund, and Simmons will be given credit for all such payments which shall be deducted from the Settlement Fund as set forth below. The Settlement Administrator shall provide the Parties with an estimate of the initial Administrative Expenses, e.g., costs of sending Postcard Notice, establishing the Settlement Website, etc. (“Initial Administrative Expenses”). Xxxxxxx shall pay the estimated Initial Administrative Expenses to the Settlement Administrator within ten (10) business days after the entry of the Preliminary Approval Order. After that upfront payment of Initial Administration Expenses by Xxxxxxx, the Settlement Administrator shall xxxx Xxxxxxx monthly for any reasonable additional Administrative Expenses, until such time as the Settlement Fund is established. Any amounts paid by Xxxxxxx for the estimated costs of administration which are not incurred by the Settlement Administrator shall be used for other Administrative Expenses, or shall be deducted from future xxxxxxxx by the Settlement Administrator. The Settlement Administrator estimates that Initial Administrative Expenses will be $43,500, and Administrative Expenses overall shall be $78,000.
