Common use of Monetary Consideration Clause in Contracts

Monetary Consideration. 5.1 In consideration of the releases and dismissals set forth in this Settlement Agreement, Google agrees to establish: 5.1.1 As described in Section 5.3, a Settlement Fund in the total amount of $630,000,000 to settle claims of the Settlement Consumers. The Settlement Fund is being paid as compensatory restitution in order to settle, in whole or in part, the damages claims of Settlement Consumers. Pursuant to Section 5.4.1, notice and claims administration costs, taxes, any award of Consumer Counsel Attorneys’ Fees and Expenses, or other payments authorized by the Court shall be paid from the Settlement Fund. 5.1.2 A States’ Monetary Fund in the total amount of $70,000,000, as described in Section 5.5, to be distributed directly to the States to settle claims asserted by each State in its sovereign capacity. 5.2 Google’s total financial commitment under this Settlement Agreement shall be $700,000,000 and shall not exceed that sum for any reason including Attorneys’ Fees and Expenses, litigation costs, costs of settlement administration and notice, any pre-suit or post- suit investigation costs, or taxes (e.g., taxes on interest generated by the Settlement Fund or the States’ Monetary Fund). No portion of the Settlement Fund or the States’ Monetary Fund shall revert to or be refunded to Google after the Effective Date.