Settlement Benefit definition

Settlement Benefit means the monetary payment described in Section II, available to Settlement Class Members who submit a timely and valid Claim Form.

Settlement Benefit means the benefits provided to Settlement Class Members as set forth in Part IV of this Agreement.

Settlement Benefit means the monetary relief available to Settlement Class Members for submitting a Valid Claim under this Agreement.

Examples of Settlement Benefit in a sentence

• For the avoidance of doubt, a Participating IOU whose IOU-Specific REP Settlement Benefit Amount includes a downward adjustment pursuant to section 6.2.1 may also have pursuant to this section 6.2.2 an increase included in its IOU-Specific REP Settlement Benefit Amount for such Fiscal Year as a result of the inclusion of a downward adjustment to the IOU-Specific REP Settlement Benefit Amount of another Participating IOU for such Fiscal Year.

• For each of the fifth and sixth Fiscal Years of the Payment Period (Fiscal Years 2016 and 2017), (a) the IOU-Specific REP Settlement Benefit Amount for NorthWestern Energy will be increased by $383,000; and (b) the aggregate IOU-Specific REP Settlement Benefit Amounts for the Participating IOUs (exclusive of NorthWestern Energy and Idaho Power) for such Fiscal Year will be reduced by $383,000.

• The purpose of each such REP Settlement Implementation Agreement is to implement certain provisions of this Settlement Agreement, including how IOU-Specific REP Settlement Benefit Amounts are distributed to each Participating IOU.

• Any Environmental Attributes (or the value thereof) to be transferred to the IOUs for any Fiscal Year in accordance with section 5 will be allocated among the Participating IOUs for such Fiscal Year in proportion to the respective IOU- Specific REP Settlement Benefit Amounts for such Fiscal Year for such Participating IOUs as calculated pursuant to sections 6.1.1 and 6.1.2 and without regard to any adjustments to IOU- Specific REP Settlement Benefit Amounts pursuant to section 6.2.

• Each reduction described in the preceding two sentences will be allocated among the Participating IOUs (exclusive of NorthWestern Energy and Idaho Power) for such Fiscal Year in proportion to the respective IOU-Specific Unconstrained Amounts for such Fiscal Year for such Participating IOUs, thereby decreasing the amounts to be included in the IOU-Specific REP Settlement Benefit Amounts for each of the Participating IOUs (exclusive of NorthWestern Energy and Idaho Power) for such Fiscal Year.

More Definitions of Settlement Benefit

Settlement Benefit means each Settlement Class Member’s share of the Net Settlement Fund.

Settlement Benefit means a Cash Payment and Coupon, as further described in Section 3 of this Agreement.

Settlement Benefit means the benefits provided to Class Members as set forth in Part IV of this Agreement.

Settlement Benefit means payments made to Valid Claimants pursuant to the terms of this Agreement.

Settlement Benefit means the Settlement Fund and the costs of class notice and claims administration.

Settlement Benefit means the benefit obtained by any Settlement Member through the Reimbursement Remedy, the Loss at Resale Remedy, the In-Kind Remedy (or the Indemnity in lieu of thereof) or the Supplemental Compensation, as the case may be (“Bénéfice du règlement”).

Settlement Benefit means a Credit Certificate or Cash Payment, as further described in Section 6 of this Agreement.