Common use of THE SETTLEMENT CONSIDERATION Clause in Contracts

THE SETTLEMENT CONSIDERATION. 9. In consideration of the settlement of the Released Plaintiffs’ Claims against Defendants and the other Defendants’ Releasees, Defendants shall cause the Settlement Amount to be paid by its insurers into the Escrow Account by check or wire within twenty (20) business days of 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 Form W-9 reflecting a valid taxpayer identification number for the qualified settlement fund in which the Settlement Amount is to be deposited.

THE SETTLEMENT CONSIDERATION. 98. In consideration of the settlement of the Released Plaintiffs’ Claims against Defendants and the other Defendants’ Releasees, Defendants and or their insurer(s) shall pay or cause to be paid the Settlement Amount to be paid by its insurers into the Escrow Account by check or wire within twenty no later than ten (2010) business days of 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 Form W-9 reflecting a valid taxpayer identification number for the qualified settlement fund in which the Settlement Amount is to be deposited.

THE SETTLEMENT CONSIDERATION. 98. In consideration of the settlement of the Released Plaintiffs’ Plaintiff’s Claims against Defendants and the other Defendants’ Releasees, Defendants shall pay or cause their insurers to pay the Settlement Amount to be paid by its insurers into the Escrow Account by check or wire within twenty no later than thirty (2030) business calendar days of after the later of: (a) the date of entry by the Court of an order preliminarily approving this Settlementthe Preliminary Approval Order; 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 Form W-9 reflecting a valid taxpayer identification number for the qualified settlement fund in which Settlement Fund. Defendants and Defendants’ Releasees other than WIMC shall not be personally liable for the payment of the Settlement Amount is to be depositedor any portion of the Settlement Amount.