Common use of Monetary Consideration Clause in Contracts

Monetary Consideration. The monetary consideration to be paid by Defendants is the principal amount of Two Million Five Hundred Thousand Dollars ($2,500,000.00) (the “Settlement Amount”). Defendants shall pay the entire Settlement Amount by wire transfer to the Settlement Administrator designated by the Court no later than fourteen (14) days following the Preliminary Approval Date. The Settlement Administrator shall deposit the Settlement Amount in an interest- bearing account (“Settlement Fund”). Pending entry of final approval and judgment, the Settlement Fund may be used only to pay for expenses of settlement administration, including the expense of disseminating Summary Class Notice. If the Settlement is not granted final Court approval for any reason, the entire remaining balance of the Settlement Fund shall be promptly returned to Defendants. Under no circumstances shall Defendants be obligated to pay any monetary consideration pursuant to this Settlement in excess of the Settlement Amount.

Monetary Consideration. The monetary consideration to be paid by Defendants Defendants, collectively, is the principal amount of Two Million Five Four Hundred Forty Thousand Dollars ($2,500,000.00440,000.00) (the “Settlement Amount”). Defendants shall will pay the entire Settlement Amount by wire transfer to the Settlement Administrator designated by the Court wire transfer no later than fourteen (14) days following the Preliminary Approval Date. The Settlement Administrator shall deposit the Settlement Amount hold said funds in an interest- interest-bearing account (“Settlement Fund”). Pending entry of final approval and judgmentJudgment, the Settlement Fund may be used only to pay for expenses of settlement administration, including the expense of disseminating Summary Class Noticeclass notice. If the Settlement is not granted final Court court approval for any reason, the entire remaining balance of the Settlement Fund shall be promptly returned to Defendants. Under no circumstances shall Defendants be obligated to pay any monetary consideration amount pursuant to this Settlement in excess of the Settlement Amount.