Common use of Payments to Settlement Class Members Clause in Contracts

Payments to Settlement Class Members. (a) Defendant shall cause their insurers to pay into the Escrow Account the amount of the Settlement Fund ($16,375,000.00), specified in Section 1.33 of this Agreement, according to the following schedule: i. three hundred thousand dollars ($300,000.00) to be paid into the Escrow Account within twenty-eight (28) business days after Preliminary Approval to cover the initial hard costs included in the Settlement Administration Expenses of the Settlement Administrator associated with providing Notice to the class, including payment of postage fees; and

Payments to Settlement Class Members. (a) Defendant shall cause their insurers to pay into the Escrow Account the amount of the Settlement Fund ($16,375,000.003,850,000.00), specified in Section 1.33 Paragraph 1.35 of this Agreement, according to the following schedule: i. three two hundred thousand dollars ($300,000.00200,000.00) to be paid into the Escrow Account within twenty-eight fourteen (2814) business days after Preliminary Approval to cover the initial hard costs included in the Settlement Administration Expenses of the Settlement Administrator associated with providing Notice to the class, including payment of postage fees; and;