Balance Remaining in Net Settlement Fund Sample Clauses

Balance Remaining in Net Settlement Fund. If there is any balance remaining in the Net Settlement Fund (whether by reason of tax refunds, uncashed checks, or otherwise), Class Counsel shall distribute such balance consistent with the Distribution Plan set forth in Exhibit A.
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Balance Remaining in Net Settlement Fund. If there is any balance remaining 9 in the Net Settlement Fund (whether by reason of tax refunds, uncashed checks, or otherwise), 10 such balance shall be distributed in accordance with the Plan of Allocation or further order of the 11 Court. Except as provided in ¶ VII(8), in no event shall the Net Settlement Fund revert to 12 Defendants.
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Balance Remaining in Net Settlement Fund. If there is any balance remaining in 16 the Net Settlement Fund (whether by reason of tax refunds, uncashed checks or otherwise), Class 17 Counsel may reallocate such balance among Authorized Claimants in an equitable and economic 18 fashion, distribute remaining funds through cy pres, or allow the money to escheat to federal or 19 state governments, subject to Court approval. In no event shall any unclaimed funds remaining in 20 the Net Settlement Fund revert to TOKIN.
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Balance Remaining in Net Settlement Fund. If there is any balance remaining in 9 the Net Settlement Fund (whether by reason of tax refunds, uncashed checks or otherwise), Class 10 Counsel may reallocate such balance among Authorized Claimants in an equitable and economic 11 fashion, distribute remaining funds through cy pres, or allow the money to escheat to federal or 12 state governments, subject to Court approval. In no event shall the Net Settlement Fund revert to 13 LG Chem.
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Balance Remaining in Net Settlement Fund. If there is any balance remaining in the Net Settlement Fund (whether by reason of tax refunds, uncashed checks or otherwise), Exchange-Based Plaintiffs’ Counsel shall submit an additional distribution plan to the Court for approval.
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Balance Remaining in Net Settlement Fund. If there is any balance remaining in the Net 4 Settlement Fund (whether by reason of tax refunds, uncashed checks or otherwise), Class Counsel 5 may reallocate such balance among Authorized Claimants in an equitable and economic fashion, 6 distribute the remaining funds through cy pres, or allow the money to escheat to federal or state 7 governments, subject to Court approval. Except as provided in Paragraph 37 below, the Net 8 Settlement Fund shall not revert to Panasonic Corp.
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Related to Balance Remaining in Net Settlement Fund

  • Settlement Fund All payments under this Section IV shall be made into the Settlement Fund, except that, where specified, they shall be made into the Settlement Fund Escrow. The Settlement Fund shall be allocated and used only as specified in Section V.

  • Settlement Funds For the purpose of settling a Securities transaction, Customer will provide BNY Mellon with sufficient immediately available funds or Securities, as applicable, in the relevant Account by such time and date as is required to enable BNY Mellon to settle such transaction in the country of settlement and in the currency to be used to settle such transaction.

  • Balance Transfer Fee If you request a Balance Transfer, in addition to the Interest Charge which will accrue on the balance transfer, you agree to pay a fee of three percent (3%) of the amount of the Balance Transfer subject to a minimum fee of $10.00

  • Assuming Institution Portfolio Sales of Remaining Shared-Loss Loans The Assuming Institution shall have the right, with the consent of the Receiver, to liquidate for cash consideration, from time to time in one or more transactions, all or a portion of Shared-Loss Loans held by the Assuming Institution at any time prior to the Termination Date (“Portfolio Sales”). If the Assuming Institution exercises its option under this Section 4.1, it must give sixty

  • The Settlement Fund 34. The Escrow Account shall be established as a “qualified settlement fund” as defined in Section 1.468B-1(a) of the U.S. Treasury Regulations or other appropriate escrow account as agreed to by the Settling Parties. 35. After preliminary approval of the Settlement, Co-Lead Counsel may utilize up to $100,000 from the Notice Fund to provide notice of the Settlement to potential members of the Settlement Class and for notice administration, without an order from the Court. The amount spent or incurred for notice and notice administration is not refundable to Settling Defendants in the event the Settlement Agreement is disapproved, rescinded, or otherwise fails to become effective. 36. From the Notice Fund and the Settlement Fund shall be paid the cost of settlement notice, claims administration, class representatives’ incentive awards, attorneys’ fees, reimbursement of all actual expenses of the Action, any other litigation costs of Plaintiffs, and all applicable taxes, if any. The Settling Parties shall have the right to audit amounts paid from the Settlement Fund prior to the final approval of the Settlement. 37. The Settlement Fund shall be invested in United States Government Treasury obligations or United States Treasury money market funds. The Notice Fund may be deposited in a bank account, in which case it will be deposited in a federally insured interest-bearing account. 38. Settling Defendants shall not have any responsibility, financial obligation, or liability whatsoever with respect to the investment, distribution, use, or administration of the Settlement Fund, including, but not limited to, the costs and expenses of such investment, distribution, use or administration except as expressly otherwise provided in this Settlement Agreement. 39. Settling Defendants’ only payment obligation is to pay the Settlement Amount. Settling Defendants shall not be liable for any costs, expenses, or fees of any of Plaintiffs’ respective attorneys, experts, advisors, agents, or representatives. Payment of all such costs, expenses, and fees, as approved by the Court, shall be paid only out of the Settlement Fund or the Opt-Out Fee and Expense Account. No disbursements shall be made from the Notice Fund or the Settlement Fund prior to the Effective Date of this Settlement Agreement except as described in Paragraphs 35 and 36, above. 40. The distribution of the Settlement Fund shall be administered pursuant to a plan of allocation (the “Plan of Allocation”) proposed by Co-Lead Counsel and subject to the approval of the Court. If such approval is not obtained, Co-Lead Counsel shall revise the Plan of Allocation as necessary until approval of the Court is obtained. Settling Defendants shall have no participatory or approval rights with respect to the Plan of Allocation and the Court’s rejection of the Plan of Allocation shall not affect the validity or enforceability of this Settlement Agreement. 41. Settling Defendants will take no position on any application for fees and reimbursement of expenses made by Co-Lead Counsel or by the Settlement Class Members or any application for class representatives’ incentive awards out of the Settlement Fund.