Settlement Funds definition

Settlement Funds means Standard Settlement Funds and Maximizing Settlement Funds.

Settlement Funds means moneys allocated to this state from the environmental mitigation trust specified in par. (d) and received by the state from the trustee.

Settlement Funds has the meaning ascribed thereto in Section 6.01. “Settlement Payment” has the meaning ascribed thereto in Section 3.06. “Settlement Payment Notice” has the meaning ascribed thereto in Section 3.06. “Special Master” has the meaning ascribed thereto in Section 5.01.

Examples of Settlement Funds in a sentence

• Following the Effective Date, unless otherwise mutually agreed by the Custodian/Escrow Agent, Class Counsel and the Special Master, the Custodian/Escrow Agent shall invest the Settlement Funds, in compliance with this Section 3.

• The Court will appoint a Special Master and Claims Administrator pursuant to Rule 53 of the Federal Rules of Civil Procedure to oversee the allocation of the Settlement Funds.

• Each Class Member shall look solely to the Settlement Funds (less reasonable attorneys’ fees and costs) for satisfaction of all such Released Claims herein, though each Class Member also may seek payment from other defendants in the Litigation.

• The Custodian/Escrow Agent may pay itself such fees from the Settlement Funds only after such fees have been approved for payment pursuant to a Joint Release Instruction.

• Prior to the Effective Date, unless otherwise mutually agreed by the parties, the Custodian/Escrow Agent shall invest the Settlement Funds in compliance with the preceding sentence as follows: (i) except for $3,000,000 covered in clause (ii), upon receipt of the Settlement Amount, exclusively in successive U.S. Treasury bonds or bills, each with a thirty-day maturity and (ii) $3,000,000 held in immediately available funds.

More Definitions of Settlement Funds

Settlement Funds means the amount of funds in the Qualified Settlement Fund paid by 3M pursuant to this Settlement Agreement and any interest that accrues thereon.

Settlement Funds means the amount of funds in the Qualified Settlement Fund.

Settlement Funds means the MI Settlement Fund and the IS Settlement Fund.

Settlement Funds shall refer to the Settlement Amount deposited in the Escrow Accounts (defined below), together with all interest earned thereon.

Settlement Funds means money to be paid by the City pursuant to Part 5 of this Settlement Agreement, consisting of the Reversionary Amount, the Non-Reversionary Payments, and the Unconditional Individual Amount to be paid to each member of the Settlement Class.

Settlement Funds has the meaning ascribed thereto in Section 2.01(A). “Special Master” has the meaning ascribed thereto in Section 4.01.

Settlement Funds means the aggregate of the Settlement Class Fund and the Fee/Expense Fund.