Common use of Duties of the Class Action Settlement Administrator Clause in Contracts

Duties of the Class Action Settlement Administrator. Plaintiffs’ Class Counsel, the GUC Trust and New GM shall execute a joint retention agreement with the Class Action Settlement Administrator which shall, among other things, (i) establish a maximum amount to be paid to the Class Action Settlement Administrator in costs, fees and expenses in the period before the Final Effective Date and then in the period after the Final Effective Date through to the end of implementation of the Settlement and a time table for such payments, (ii) provide that all costs, fees, and expenses owed to the Class Action Settlement Administrator shall be paid exclusively out of the Common Fund and shall be Settlement Implementation Expenses as that term is defined in P▇▇▇▇▇▇▇▇ ▇▇, (▇▇▇) set forth further detail regarding the duties and responsibilities of the Class Action Settlement Administrator, and

Duties of the Class Action Settlement Administrator. 103. Plaintiffs’ Class Counsel, the GUC Trust and New GM shall execute a joint retention agreement with the Class Action Settlement Administrator which shall, among other things, (i) establish a maximum amount to be paid to the Class Action Settlement Administrator in costs, fees and expenses in the period before the Final Effective Date and then in the period after the Final Effective Date through to the end of implementation of the Settlement and a time table for such payments, (ii) provide that all costs, fees, and expenses owed to the Class Action Settlement Administrator shall be paid exclusively out of the Common Fund and shall be Settlement Implementation Expenses as that term is defined in P▇▇▇▇▇▇▇▇ ▇▇Paragraph 88, (▇▇▇iii) set forth further detail regarding the duties and responsibilities of the Class Action Settlement Administrator, and