Common use of Settlement Amount to be Held in Trust Clause in Contracts

Settlement Amount to be Held in Trust. (1) Prior to the issuance of the Approved Settlement Order (Fresco) and the Quebec Settlement Order, Sotos LLP shall maintain the Escrow Account and hold the Settlement Amount in trust as provided for in this Settlement Agreement. After the issuance of the Approved Settlement Order (Fresco) and the Quebec Settlement Order, the Administrator shall maintain the Escrow Account and hold the Settlement Amount in trust as provided for in this Settlement Agreement. No amount shall be paid out from the Escrow Account by either Sotos LLP or the Administrator, except in accordance with this Settlement Agreement, or in accordance with an order of the Court obtained on notice to the Parties.