Payment of Settlement Fund Sample Clauses

Payment of Settlement Fund. (1) By no later than thirty days after the Court’s approval of the Settlement Agreement, the RWB, on behalf of the Defendants, will pay the $10,000,000 CAD Settlement Fund to Xxxxxxx Xxxxxxxx Professional Corporation, in trust, for the benefit of the Class, in full satisfaction of all of the Released Claims against the Releasees.
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Payment of Settlement Fund. No later than fourteen (14) calendar days after the date of Final Approval, Robinhood shall pay to the Settlement Administrator the Settlement Fund, less any amounts paid for the Initial Notice Deposit and other funds paid to the Settlement Administrator.
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Payment of Settlement Fund. SunPower shall wire $35,000 to the Settlement Fund escrow account established by the Settlement Administrator within ten (10) business days after the Court’s entry of the Preliminary Approval Order, which funds: (a) shall be used to cover the anticipated costs of providing notice to the Settlement Class and any other Settlement Administrator costs to be incurred prior to the Effective Date, and (b) shall be deducted from the $4.75 million to be paid by SunPower under the terms of the Settlement. SunPower shall wire the remaining $4,715,000.00 into the Settlement Fund within ten (10) business days after the Effective Date of the Settlement. Upon payment of these amounts into the Settlement Fund, SunPower shall have fully satisfied and discharged its financial obligation under the Settlement (except with respect to implementation of the Enhanced Customer Care Program and any retrofits of the Subject Microinverters as described herein) and shall have no obligation to pay any additional amounts.
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Payment of Settlement Fund. Defendants shall cause the amount of $6,500,000.00 to be transferred to an account controlled by the Escrow Agent within ten (10) business days after the later of (a) the order granting the motion for preliminary approval, or (b) the receipt by Defendants’ Counsel of wire/check payee instructions and a Form W-9 providing the tax identification number for the Escrow Account. These funds, together with any interest and income earned thereon once transferred, shall constitute the Settlement Fund.
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Payment of Settlement Fund. Within thirty (30) calendar days after this Agreement is signed by all parties, HP will transfer the Settlement Fund of $1,500,000 (One Million and a Half US Dollars) or its equivalent in euros as of that date to Euroconsumers pursuant to the wire transfer instructions provided by Euroconsumers and attached hereto as Attachment A. Euroconsumers shall at all times maintain the Settlement Fund in the Settlement Bank Account under the name of Euroconsumers AISBL in Belgium, assuring that the Settlement Fund is segregated from any other funds (either by assigning a specific code or by other means permitting easy traceability and audit) and that all payments of Allowed Claims are properly and clearly registered in the Settlement Bank Account.
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Payment of Settlement Fund. Within forty (40) days after the EFFECTIVE DATE, the SETTLEMENT ADMINISTRATOR shall pay to each member of the SETTLEMENT CLASS his or her pro rata share of the NET SETTLEMENT AMOUNT in accordance with the terms and conditions of this AGREEMENT and the COURT’s approval. It shall not be necessary for any member of the SETTLEMENT CLASS to submit a claim or request a distribution to receive his or her pro rata share of the NET SETTLEMENT AMOUNT. However, if LIFELOCK has no mailing address for a CLASS MEMBER, then the member of the SETTLEMENT CLASS must provide the SETTLEMENT ADMINISTRATOR with a mailing address to receive his or her pro rata share of the NET SETTLEMENT AMOUNT as set forth in the CLASS NOTICE.
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Payment of Settlement Fund. (a) The Defendants agree to pay the Settlement Fund on or before the Effective Date, by certified cheque, bank draft or wire transfer, in full satisfaction of all of the Released Claims against the Defendants;
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Payment of Settlement Fund. (a) Within thirty (30) days of the execution of this Settlement Agreement, the Defendants shall pay a first tranche of $500,000 CAD from the Settlement Fund to the Account in trust. The transfer of the first tranche of $500,000 is so that money is available to the Claims Administrator to cover and pay for any Administration Expenses incurred or to be incurred before the Effective Date.
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Related to Payment of Settlement Fund

  • Payment of Settlement Amount (1) Within thirty (30) days of the Date of Execution, the Settling Defendants shall pay the Settlement Amount to Siskinds LLP, for deposit into the Trust Account.

  • The Settlement Fund 37. Releasors shall look solely to the Settlement Fund for settlement and satisfaction of all Released Claims against the DENSO Defendants and the Releasees, and shall have no other recovery against the DENSO Defendants or any other Releasee for any Released Claims.

  • Net Out of Settlement Amounts The Non-Defaulting Party will aggregate all Settlement Amounts into a single amount by netting out (a) all amounts that are due to the Defaulting Party for Product that has been Delivered and not yet paid for, plus, at the option of the Non-Defaulting Party, any cash, security or other Performance Assurance then available to the Non-Defaulting Party, plus any or all other amounts due to the Defaulting Party under this Agreement against (b) all Settlement Amounts that are due to the Non-Defaulting Party, plus any or all other amounts due to the Non-Defaulting Party under this Agreement, so that all such amounts will be netted out to a single liquidated amount (the “Termination Payment”) payable by the Defaulting Party. The Termination Payment, if any, is due from the Defaulting Party to the Non-Defaulting Party within two Business Days following notice.

  • Termination of Settlement If the Settlement is terminated as provided in the Stipulation, the Settlement is not approved, or the Effective Date of the Settlement otherwise fails to occur, this Order shall be vacated, rendered null and void, and be of no further force and effect, except as otherwise provided by the Stipulation, and this Order shall be without prejudice to the rights of Lead Plaintiff, the other Settlement Class Members, and Defendants, and the Parties shall revert to their respective positions in the Action immediately prior to the execution of the Stipulation.

  • Rollovers of Exxon Xxxxxx Settlement Payments If you receive a qualified settlement payment from Exxon Xxxxxx litigation, you may roll over the amount of the settlement, up to $100,000, reduced by the amount of any qualified Exxon Xxxxxx settlement income previously contributed to a Traditional or Xxxx XXX or eligible retirement plan in prior taxable years. You will have until your tax return due date (not including extensions) for the year in which the qualified settlement income is received to make the rollover contribution. To obtain more information on this type of rollover, you may wish to visit the IRS website at xxx.xxx.xxx.

  • Rollovers of Settlement Payments From Bankrupt Airlines If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court, you are allowed to roll over up to 90 percent of the proceeds to your Traditional IRA, within 180 days after receipt of such amount, or by a later date if extended by federal law. If you make such a rollover contribution, you may exclude the amount rolled over from your gross income in the taxable year in which the airline settlement payment was paid to you. If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court in a case filed after September 11, 2001, and before January 1, 2007, you are allowed to roll over any portion of the proceeds into your Xxxx XXX within 180 days after receipt of such amount, or by a later date if extended by federal law. For further detailed information and effective dates you may obtain IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at xxx.xxx.xxx.

  • Payments to Settlement Class Members (a) Defendant shall pay into the Escrow Account the amount of the Settlement Fund ($1,000,000.00), specified in Paragraph 1.33 of this Agreement, within sixty (60) days after Final Approval.

  • Certification of Settlement Class Promptly after execution of the Settlement Agreement, Class Counsel will ask the Court to issue an order certifying the Settlement Class for settlement purposes only. Xxxxx agrees not to object to this request without waiver of its right to contest certification or the merits of the Lawsuit if the settlement does not receive final approval or the Effective Date (defined in paragraph 14 below) does not occur.

  • Settlement Fund All payments under this Section IV shall be made into the Settlement Fund, except that, where specified, they shall be made into the Settlement Fund Escrow. The Settlement Fund shall be allocated and used only as specified in Section V.

  • Settlement Payments On the first Business Day of each month ("Interest Settlement Date"), Collateral Agent will advise each Lender by telephone, fax or telecopy of the amount of such Lender's share of interest and fees on each of the Loans as of the end of the last day of the immediately preceding month. Provided that such Lender has made all payments required to be made by it under this Agreement, Collateral Agent will pay to such Lender, by wire transfer to such Lender's account (as specified by such Lender on the signature page of this Agreement or the applicable Assignment and Acceptance Agreement, as amended by such Lender from time to time after the date hereof or in the applicable Assignment and Acceptance Agreement) not later than 3:00 p.m. Chicago time on the next Business Day following the Interest Settlement Date, such Lender's share of interest and fees on each of the Loans. Such Lender's share of interest on each Loan will be calculated for that Loan by adding together the Daily Interest Amounts for each calendar day of the prior month for that Loan and multiplying the total thereof by the Interest Ratio for that Loan. Such Lender's share of the Unused Line Fee described in subsection 2.3(A) shall be an amount equal to (a)(i) such Lender's average Revolving Loan Commitment during such month, less (ii) the sum of (x) such Lender's average Daily Loan Balance of the Revolving Loans, plus (y) such Lender's Pro Rata Share of the average daily aggregate amount of Letter of Credit Reserve, in each case for the preceding month, multiplied by (b) the percentage required by subsection 2.3(A). Such Lender's share of all other fees paid to Collateral Agent for the benefit of Lenders hereunder shall be paid and calculated based on such Lender's Commitment with respect to the Loans on which such fees are associated. To the extent Collateral Agent does not receive the total amount of any fee owing by Borrowers under this Agreement, each amount payable by Collateral Agent to a Lender under this subsection 9.8(A)(4) with respect to such fee shall be reduced on a pro rata basis. The Collateral Agent and the Lenders hereby acknowledge and agree that in no event shall the aggregate fee payments received by such Lenders pursuant to this subsection 9.8(A)(4) exceed the total amount of fees pursuant to subsection 2.3.

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