Common use of THE SETTLEMENT CONSIDERATION Clause in Contracts

THE SETTLEMENT CONSIDERATION. In consideration of the settlement of the Released Plaintiffs’ Claims against Defendants and the other Defendants’ Releasees, OPKO shall pay or cause to be paid the Settlement Amount into the Escrow Account, on behalf of all Defendants, no later than thirty (30) days after the later of: (a) the date of entry by the Court of an order preliminarily approving this Settlement; or (b) Defendants’ Counsel’s receipt from Lead Counsel of the information necessary to effectuate a transfer of funds to the Escrow Account, including wiring instructions that include the bank name and ABA routing number, account name and number, and a signed W-9 reflecting a valid taxpayer identification number for the qualified settlement fund in which the Settlement Amount is to be deposited.