Net Cash Settlement Fund definition

Net Cash Settlement Fund means the amount deposited into the Class Settlement Cash Escrow Account(s) pursuant to Paragraph 10 below less (i) the Taxes and administrative costs related to the accounts, (ii) the Class Exclusion Takedown Payments, and

Net Cash Settlement Fund means the Cash Settlement Fund less (i) any Notice and Administration Expenses, (ii) the Attorneys’ Fees and Expenses Award, (iii) the Representative Reimbursement, and (iv) any Tax Expenses.

Net Cash Settlement Fund means the Cash Settlement Fund less Settlement Costs, which will be available to Settlement Class Members as Cash Settlement Awards.

Examples of Net Cash Settlement Fund in a sentence

• The Net Cash Settlement Fund shall be distributed to eligible members of the Rule 23(b)(3) Settlement Class pursuant to the claims process specified in the Plan of Administration and Distribution contained in Appendix I to the Superseding Settlement Agreement.

• Subject to Paragraphs 27−28 and the other terms of the Superseding Settlement Agreement, as consideration for the settlement of the Class Actions in MDL 1720 except for Barry’s, members of the Rule 23(b)(3) Settlement Class shall be entitled to both make claims for and enjoy the benefits from money payments from the Net Cash Settlement Fund.

• As set forth in the Plan of Allocation, each Authorized Claimant shall receive his, her, or its allocated pro rata share of the Net Cash Settlement Fund.

• Each Authorized Claimant shall be paid an amount determined by multiplying his, her or its Recognized Claim by a fraction the numerator of which shall be the Net Cash Settlement Fund and the denominator of which shall be the Total Recognized Claims of all Authorized Claimants.

• To receive a payment from the Net Cash Settlement Fund, all Claimants must show that they: (i) owned Tile Shop common stock as of October 18, 2019 and (ii) either sold their shares during the period from October 22, 2019 through and including November 8, 2019 or continued to own shares of Tile Shop common stock as of June 30, 2020, the date that the parties accepted the mediator’s settlement proposal and reached their agreement in principle to settle the Action.

More Definitions of Net Cash Settlement Fund

Net Cash Settlement Fund means the Cash Settlement Payment less: (i) any Attorneys’ Fees and Expenses Award; (ii) any Administration Expenses; (iii) any Tax Expenses; (iv) any Case Contribution Award; (v) any bank charges for maintaining the Cash Settlement Fund Account; and (vi) such other sums, if any, as the Court may authorize.

Net Cash Settlement Fund means the amount deposited into the Class Settlement Cash Escrow Account(s) pursuant to Paragraph 10 below less (i) the Taxes and administrative costs related to the accounts, (ii) the Class Exclusion Takedown Payments, and (iii) any payments approved by the Court, including for Attorneys’ Fee Awards, Expense Awards, Class Plaintiffs’ Awards, and Settlement Administration Costs.

Net Cash Settlement Fund means the amount deposited into the Class Settlement Cash Escrow Account(s) pursuant to Paragraph 10 below less (i) the Taxes and

Net Cash Settlement Fund means the Settlement Fund less the Settlement Class Representative Service Awards, awards of attorneys’ fees, costs, and expenses, Escrow Charges, and any Notice and Administration Expenses incurred by Defendants over and above Two Hundred Thousand Dollars ($200,000).

Net Cash Settlement Fund means the Cash Settlement Fund, minus any Court- approved attorneys’ fees, costs, Service Awards, and Settlement Administration Costs.

Net Cash Settlement Fund means the amount in the Class Settlement Cash Escrow Account, including additional amounts deposited into the Class Settlement Cash

Net Cash Settlement Fund means the Settlement Fund, not including the Rebate Program, described in Section 3.2.2, less all amounts: (a) approved by the Court and expended for Class Notice; (b) approved by the Court for the cost of Settlement Administration of the Multi-State Cash Settlement Fund; (c) approved by the Court as Plaintiffs’ reimbursable litigation expenses; (d) awarded by the Court as Plaintiffs’ attorneys’ fees; and (e) awarded by the Court to the Plaintiffs/Class Representatives as service awards.