Use of Settlement Payments. 1. It is the intent of the Parties that the payments disbursed from the Settlement Fund to Settling States and Participating Subdivisions be for Opioid Remediation, subject to exceptions that must be documented in accordance with Section V.B.2. In no event may less than eighty-five percent (85%) of the Settling Distributors’ maximum amount of payments pursuant to Section IV, Section IX, and Section X as set forth on Exhibit M over the entirety of all Payments Years (but not any single Payment Year) be spent on Opioid Remediation.
Use of Settlement Payments. It is the intent of the Parties that the payments disbursed from the Settlement Fund to Settling States and Exhibit G Participants be for Opioid Remediation, subject to limited exceptions that must be documented in accordance with subsection VII.C. In no event may less than 85% of Allergan’s payments pursuant to Section VI.A.1-3 over the entirety of all Payment Years (but not any single Payment Year) be spent on Opioid Remediation.
Use of Settlement Payments. 1. It is the intent of the Parties that the payments disbursed from the Settlement Fund to Settling States and Participating Subdivisions be for Opioid Remediation to address Alleged Xxxxx, subject to exceptions that must be documented in accordance with Section V.B.2. In no event may less than 95.5% of CVS’s maximum payment amounts pursuant to Section IV as set forth on Exhibit M-1 over the entirety of all Payment Years (but not in any single Payment Year) be spent on Opioid Remediation; provided, however, that the remaining 4.5% only may be spent outside of Opioid Remediation to the extent necessary to satisfy: (a) back-stop attorney fee agreements entered into by Settling States with respect to at least one opioid settlement on or before November 30, 2022, even if such an agreement did not as of that date apply to CVS’s Annual Payments; or (b) contingency fee agreements entered into by Settling States covering CVS’s Annual Payments. Any amounts not spent to satisfy such agreements must be spent on Opioid Remediation.
Use of Settlement Payments. 1. The Special Master shall transfer funds from the Walmart Settlement Trust within 60 days (with one 30 day extension available in his discretion) after receiving the funds from the Settlement Fund Escrow pursuant to Section
Use of Settlement Payments. 1. It is the intent of the Parties that the payments disbursed from the Settlement Fund to Settling States and Participating Subdivisions be for Opioid Remediation to address Alleged Xxxxx, subject to exceptions that must be documented in accordance with Section V.B.2. In no event may less than eighty-five percent (85%) of Walmart’s maximum payment amounts, distributed pursuant to Section IV, Section VIII, and Section IX as set forth on Exhibit M over the entirety of all Payment Years (but not in any single Payment Year) be spent on Opioid Remediation.
Use of Settlement Payments. 1. Within 15 calendar days after receiving each of the thirteen (13) Annual Payments of funds, the Special Master shall transfer and disburse funds from the Teva Settlement Trust pursuant to subsection III.A.2 in accordance with Exhibits H-1 and H-2. For the first six (6) Annual Payments, the 15% total amount set aside for the Attorney Fee Fund shall be divided evenly over the six (6) Annual Payments, with the remaining amount of the overall total funds to be paid to XXXX V for distribution to Participating Tribes to use for Opioid Remediation in accordance with the XXXX V Trust Agreement and the XXXX V TDP. For the remaining Annual Payments after the first six (6) Annual Payments, all such funds shall be paid to XXXX V for distribution to Participating Tribes to use for Opioid Remediation in accordance with the XXXX V Trust Agreement and the XXXX V TDP.
Use of Settlement Payments. 1. The Special Master shall transfer funds from the Xxxxxxx Settlement Trust within 60 days (with one 30 day extension available in his discretion) after receiving the funds from the Settlement Fund Escrow pursuant to section III.A.2 as follows: 86% of such funds shall be paid to TAFT IV for distribution to Participating Tribes to use for Opioid Remediation in accordance with the TAFT IV Trust Agreement and the TAFT IV TDP; and 14% of such funds shall be set aside by the Special Master for the Attorney Fee Fund subject to Section VII to pay attorneys’ fees and litigation costs. Upon the second payment of $75 million by Xxxxxxx to the Xxxxxxx Settlement Trust no later than the one-year anniversary of the Effective Date pursuant to section III.A.2, the Special Master shall transfer 86% of the funds from the Xxxxxxx Settlement Trust to TAFT IV within 60 days after receiving the funds from Xxxxxxx and set aside 14% of such funds for the Attorney Fee Fund to pay attorneys’ fees and litigation costs.
Use of Settlement Payments. 13 1. The Escrow Agent shall transfer funds from the McKinsey Tribal 14 Settlement Trust, within sixty days after receiving the funds from McKinsey pursuant to Section
Use of Settlement Payments. 1. The Ohio Abatement Amount shall be used for Opioid Remediation and/or OneOhio Remediation.
Use of Settlement Payments. The State of Rhode Island and Participating Subdivisions shall use the Rhode Island Abatement Amount for Opioid Remediation as set forth in Exhibits C and H. In no event may any future amendments or revisions to Exhibit H provide for a use of the Rhode Island Abatement Amount that is for purposes other than Opioid Remediation.
