Common use of Monetary Consideration Clause in Contracts

Monetary Consideration. The monetary consideration to be paid by Defendant is the principal amount of Two Million Five Hundred Thousand Dollars ($2,500,000.00) (the “Settlement Amount”). Defendant will pay the entire Settlement Amount to the Settlement Administrator by wire transfer no later than fourteen (14) days following the Preliminary Approval Date and receipt of wire-transfer instructions and any other information necessary to transmit the funds. The Settlement Administrator shall hold said funds in an interest-bearing account (“Settlement Fund”), to be distributed only as set forth in this Agreement. If the Settlement is not granted final Court approval for any reason, the entire remaining balance of the Settlement Fund shall be returned to Defendant. Under no circumstances shall Defendant be obligated to pay any monetary amount pursuant to this Settlement in excess of the Settlement Amount.

Monetary Consideration. The total gross monetary consideration to be paid by Defendant is the principal amount of Two Four Million Five Seven Hundred Thousand Dollars ($2,500,000.004,700,000.00) (the “Settlement Amount”). Defendant will pay the entire Settlement Amount to the Settlement Administrator by wire transfer no later than fourteen (14) days following the Preliminary Approval Date and receipt of wire-transfer instructions and any other information necessary to transmit the fundsDate. The Settlement Administrator shall hold said funds in an interest-bearing account (“Settlement Fund”), to be distributed only as set forth in this Agreement. If the Settlement is not granted final Court approval for any reason, the entire remaining balance of the Settlement Fund shall be returned to Defendant. Under no circumstances shall Defendant be obligated to pay any monetary amount pursuant to this Settlement in excess of the Settlement Amount.

Monetary Consideration. The monetary consideration to be paid by Defendant Defendants is the single principal amount of Two Million Four Hundred Seventy-Five Hundred Thousand Dollars ($2,500,000.00475,000) (the “Settlement Amount”). Defendant Defendants will be jointly and severally liable for said payment and will pay the entire Settlement Amount to the Settlement Administrator by wire transfer no later than fourteen (14) days following the Preliminary Approval Date and Date, conditioned on receipt of wire-transfer instructions and any other information the necessary to transmit the fundswiring instructions. The Settlement Administrator shall hold said funds in an interest-bearing account (“Settlement Fund”), to be distributed only as set forth in this Agreement. If the Settlement is not granted final Court approval for any reason, the entire remaining balance of the Settlement Fund shall be returned to DefendantDefendants. Under no circumstances shall Defendant Defendants be obligated to pay any monetary amount pursuant to this Settlement in excess of the Settlement Amount.

Monetary Consideration. The monetary consideration to be paid by Defendant is the principal amount of Two Million Five Six Hundred Ninety Thousand Dollars ($2,500,000.00690,000.00) (the “Settlement Amount”). Defendant will pay the entire Settlement Amount to the Settlement Administrator by wire transfer no later than fourteen (14) days following the Preliminary Approval Date and receipt of wire-transfer instructions and any other information necessary to transmit the fundsDate. The Settlement Administrator shall hold said funds in an interest-bearing account (“Settlement Fund”), to be distributed only as set forth in this Agreement. If the Settlement is not granted final Court approval for any reason, the entire remaining balance of the Settlement Fund shall be returned to Defendant. Under no circumstances shall Defendant be obligated to pay any monetary amount pursuant to this Settlement in excess of the Settlement Amount.