Automatic Payment Pool Clause Samples
Automatic Payment Pool. Two Million Two Hundred Sixty Five Thousand Dollars and Zero Cents ($2,265,000.00) shall be allocated for the Automatic Payment Pool, from which the Settlement Administrator shall fund Automatic Payments to Class Members in accordance with Section 12.1(a) below. The amount of any unclaimed or uncashed Automatic Payment Checks shall then become part of the Net Settlement Fund.
Automatic Payment Pool. One Hundred Five Thousand Nine Hundred Dollars and Zero Cents ($105,900.00) shall be preliminarily allocated for the Automatic Payment Pool which allocation may be increased by the Unclaimed Amount pursuant to Section 4(b)(v) below. The amounts of any unclaimed or uncashed Automatic Payment Checks shall become part of the amounts to be distributed to the cy pres recipients in accordance with Section 4(c) below.