Non-Refundable Expenses means certain administration expenses stipulated in section 4.1(1) of the Agreement to be paid from the Settlement Amount. If the Agreement is terminated, within thirty (30) days after termination, all funds in the Escrow Account, including accrued interest, shall be paid to the Contributing Parties, apportioned pro rata based on their respective contributions, directly or indirectly, to the Escrow Account, as the case may be, minus any amounts paid out of the Escrow Account as Non-Refundable Expenses in accordance with the terms of the Agreement.Īny dispute concerning Non-Refundable Expenses shall be dealt with by a motion to the Ontario Court on notice to the Parties.Įxpense Fund means a $450,000 portion of the Settlement Amount, and any interest that accrues thereon, paid to Siskinds LLP, in trust, by the Contributing Parties, to pay only for Non-Refundable Expenses in accordance with section 3.1(1) of the Settlement Agreement as approved by the Courts.įor greater certainty, Administration Expenses include the Non-Refundable Expenses but do not include Class Counsel Fees.Administrator means the third-party firm appointed by the Court to administer the Agreement after the Settlement is approved by the Court, and any employees of such firm. Examples of Non-Refundable Expenses in a sentenceĮxemption SCHEDULE –XI: Manufacture or Manipulation of carcinogenic dye Intermediates1.Īny dispute concerning the entitlement to or quantum of Non-Refundable Expenses shall be dealt with by a motion to the Ontario Court on notice to the Parties.Īny dispute concerning the entitlement to or quantum of Non-Refundable Expenses shall be dealt with by a motion to the Court on notice to the Plaintiffs and the Settling Defendants.
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