Common use of The Settlement Fund Clause in Contracts

The Settlement Fund. 7.1. The Settlement Fund shall be established as an escrow account and administered by the Escrow Agent, subject to approval by the Court. The Settlement Fund shall be administered pursuant to this Agreement and subject to the Court’s continuing supervision and control. No mon- ies shall be paid from the Settlement Fund without the specific authorization of Bondholder Plain- tiffs’ Counsel. Counsel for the Parties agree to cooperate, in good faith, to form an appropriate escrow agreement in conformance with this Agreement.

Appears in 3 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

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The Settlement Fund. 7.1. (a) The Settlement Fund shall be established as an escrow account and administered by the Escrow Agent, subject to approval by the Court. The Settlement Fund shall be administered pursuant to this Agreement and subject to the Court’s continuing supervision and control. No mon- ies monies shall be paid from the Settlement Fund without the specific authorization of Bondholder Plain- tiffsOTC Plaintiffs’ Counsel. Counsel for the Parties agree to cooperate, in good faith, to form an appropriate escrow agreement in conformance with this Agreement.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

The Settlement Fund. 7.1. (a) The Settlement Fund shall be established as an escrow account and administered by the Escrow Agent, subject to approval by the Court. The Settlement Fund shall be administered pursuant to this Agreement and subject to the Court’s continuing supervision and control. No mon- ies monies shall be paid from the Settlement Fund without the specific authorization of Bondholder Plain- tiffsLender PlaintiffsCounselCounsel and either the Court or HSBC. Counsel for the Parties agree to cooperate, in good faith, to form an appropriate escrow agreement in conformance with this Agreement.

Appears in 1 contract

Samples: Settlement Agreement

The Settlement Fund. 7.1. (a) The Settlement Fund shall be established as an escrow account and administered by the Escrow Agent, subject to approval by the Court. The Settlement Fund shall be administered pursuant to this Agreement and subject to the Court’s continuing supervision and control. No mon- ies monies shall be paid from the Settlement Fund without the specific authorization of Bondholder Plain- tiffsLender PlaintiffsCounselCounsel and either the Court or Barclays. Counsel for the Parties agree to cooperate, in good faith, to form an appropriate escrow agreement in conformance with this Agreement.

Appears in 1 contract

Samples: Settlement Agreement

The Settlement Fund. 7.1. (a) The Settlement Fund shall be established as an escrow account and administered by the Escrow Agent, subject to approval by the Court. The Settlement Fund shall be administered pursuant to this Agreement and subject to the Court’s continuing supervision and control. No mon- ies monies shall be paid from the Settlement Fund without the specific authorization of Bondholder Plain- tiffsLender PlaintiffsCounselCounsel and either the Court or both of the Settling Defendants. Counsel for the Parties agree to cooperate, in good faith, to form an appropriate escrow agreement in conformance with this Agreement.

Appears in 1 contract

Samples: Settlement Agreement

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The Settlement Fund. 7.1. The Settlement Fund shall be established as an escrow account and administered by the Escrow Agent, subject to approval by the Court. The Settlement Fund shall be administered pursuant to this Agreement and subject to the Court’s continuing supervision and control. No mon- ies monies shall be paid from the Settlement Fund without the specific authorization of Bondholder Plain- tiffsPlaintiffs’ Counsel. Counsel for the Parties agree to cooperate, in good faith, to form an appropriate appropri- ate escrow agreement in conformance with this Agreement.

Appears in 1 contract

Samples: Settlement Agreement

The Settlement Fund. 7.1. (a) The Settlement Fund shall be established as an escrow account and administered by the Escrow Agent, subject to approval by the Court. The Settlement Fund shall be administered pursuant to this Agreement and subject to the Court’s continuing supervision and control. No mon- ies monies shall be paid from the Settlement Fund without the specific authorization of Bondholder Plain- tiffsLender PlaintiffsCounselCounsel and either the Court or the Settling Defendant. Counsel for the Parties agree to cooperate, in good faith, to form an appropriate escrow agreement in conformance with this Agreement.

Appears in 1 contract

Samples: Settlement Agreement

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