Common use of Claims Administrator/Definition of Function Clause in Contracts

Claims Administrator/Definition of Function. The initial Claims Administrator shall be Xxxxxxxxx Xxxxx Xxxxxxx-Xxxxx. The Claims Administrator shall be agreed upon by the Tort Claimants’ Committee or the Claimants’ Advisory Committee and the Debtor or the Debtor’s Representatives, subject to approval of the District Court, to perform the functions herein. With respect to claims administration functions, the Claims Administrator shall be supervised by the District Court. The Claims Administrator shall be obligated by the terms of the appointment to perform such functions and assume such obligations and responsibilities as specified herein. In general, and as specified more fully in this Settlement Facility Agreement and Annex A to this Agreement, the Claims Administrator shall be responsible for: (i) supervising processing of Claims resolved under the terms of this Settlement Facility Agreement and the Claims Resolution Procedures and overseeing all aspects of the Claims Office including the Quality Control Supervisor and the Operations Manager, (ii) preparing and distributing periodic reports documenting the activity of the Claims Office, including detailed reports on Claims submissions and resolutions, and (iii) serving as a member of the Finance Committee and specifically performing periodic analyses and estimates regarding the costs and projected costs of processing and resolving Claims subject to the terms of this Agreement and any matter or contingency that could affect the sufficiency of funds for payment of Allowed Claims. The Claims Administrator shall seek the input and advice of the Claimants’ Advisory Committee and the Debtor’s Representatives on all matters of mutual concern and as specified at Section 5.05.

Claims Administrator/Definition of Function. The initial Claims Administrator shall be Xxxxxxxxx Xxxxx Xxxxxxx-Xxxxx. The Claims Administrator shall be agreed upon by the Tort Claimants’ Committee or the Claimants’ Advisory Committee and the Debtor or the Debtor’s Representatives, subject to approval of the District MDL 926 Court, to perform the functions herein. With respect to claims administration functions, the Claims Administrator shall be supervised by the District MDL 926 Court. The Claims Administrator shall be obligated by the terms of the appointment to perform such functions and assume such obligations and responsibilities as specified herein. In general, and as specified more fully in this Settlement Facility Agreement and Annex A to this Agreement, the Claims Administrator shall be responsible for: (i) supervising processing of Claims resolved under the terms of this Settlement Facility Agreement and the Claims Resolution Procedures and overseeing all aspects of the Claims Office including the Quality Control Supervisor and the Operations Manager, (ii) preparing and distributing periodic reports documenting the activity of the Claims Office, including detailed reports on Claims submissions and resolutions, and (iii) serving as a member of the Finance Committee and specifically Committee, performing periodic analyses and estimates regarding the costs and projected costs of processing and resolving Claims subject to the terms of this Agreement and of the Litigation Facility Agreement and any matter or contingency that could affect the sufficiency of funds for payment of Allowed Claims. The Claims Administrator shall seek the input and advice of the Claimants’ Advisory Committee and the Debtor’s Representatives on all matters of mutual concern and as specified at Section 5.05.