Examples of Settlement Amount in a sentence
The Settlement Amount shall be payable by Party B in accordance with Clause 5.2 on the Settlement Date.
Subject to the terms and conditions of this Agreement, the Settlement Administrator will pay a cash payment from the Net Settlement Amount (defined below) for Approved Claims from the Settlement Fund, as described in Paragraph 3.4 below.
If the total value of all Approved Claims exceeds the Net Settlement Amount, then the amount paid on an Approved Claim will be reduced pro rata as necessary.
If the total value of all Approved Claims is less than the Net Settlement Amount, then the remaining funds in the Settlement Fund will be distributed, with one-quarter of the unclaimed funds paid to not-for-profit organization Oregon Consumer League, one-quarter of the unclaimed funds paid to not-for-profit organization Oregon Consumer Justice, and the remaining one-half of the unclaimed funds paid to not-for-profit organization the Oregon Food Bank, as approved by the Court.
Settlement Class Members who submit Approved Claims will be paid a pro rata distribution of the Net Settlement Amount, not to exceed $200.00 per Approved Claim.