Common use of THE SETTLEMENT CONSIDERATION Clause in Contracts

THE SETTLEMENT CONSIDERATION. 8. In consideration of the full settlement of the claims asserted in the Action against Defendant Releasees and the Releases specified in ¶¶ 3-6 above, Defendants shall cause their insurers to deposit the Settlement Amount into the Escrow Account within twenty (20) business days of the later of: (a) the entry of the Preliminary Approval Order substantially in the form attached hereto as Exhibit A; or (b) the provision to Defendants’ Counsel of all information necessary to effectuate a transfer of funds to the Escrow Account, including the bank name and ABA routing number, account number, and a signed Form W-9 reflecting the taxpayer identification number for the Settlement Fund.

THE SETTLEMENT CONSIDERATION. 8. In consideration of the full settlement of the claims asserted in the Action Released Plaintiffs’ Claims against Defendant Releasees Defendants and the Releases specified in ¶¶ 3-6 aboveother Defendants’ Releasees, Defendants shall pay or cause their insurers to deposit be paid the Settlement Amount into the Escrow Account within twenty no later than ten (2010) business days of after the later of: (a) the date of entry by the Court of the Preliminary Approval Order substantially in the form attached hereto as Exhibit Aan order preliminarily approving this Settlement; or (b) the provision to Defendants’ Counsel’s receipt from Co-Lead Counsel of all 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 the a valid taxpayer identification number for the qualified settlement fund in which the Settlement FundAmount is to be deposited.

THE SETTLEMENT CONSIDERATION. 8. In consideration of the full settlement of the claims asserted in the Action Released Plaintiff’s Claims against Defendant Releasees and the Releases specified in ¶¶ 3-6 aboveDefendants’ Releasees, Defendants shall pay or cause their insurers to deposit be paid the Settlement Amount into the Escrow Account within twenty no later than fifteen (2015) business days of after the later of: (a) the date of entry by the Court of the Preliminary Approval Order substantially in the form attached hereto as Exhibit Aan order preliminarily approving this Settlement; or (b) the provision to Defendants’ Counsel’s receipt from Lead Counsel of all 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 the contact information of an individual who can verbally confirm the wire instructions, and a signed Form W-9 reflecting the a valid taxpayer identification number for the qualified settlement fund in which the Settlement FundAmount is to be deposited.

THE SETTLEMENT CONSIDERATION. 87. In consideration of the full settlement of the claims asserted in the Action Released Plaintiffs’ Claims against Defendant Releasees Defendants and the Releases specified in ¶¶ 3-6 aboveother Defendants’ Releasees, Defendants shall cause their insurers to deposit the Settlement Amount to be paid into the Escrow Account within twenty (20) business days of the later of: (a) the date of entry by the Court of the Preliminary Approval Order substantially in the form attached hereto as Exhibit Aan order preliminarily approving this Settlement; or (b) the provision to Defendants’ Counsel’s receipt from Lead Counsel of all 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 the a valid taxpayer identification number for the qualified settlement fund in which the Settlement FundAmount is to be deposited.