Conclusion of the Administration. (1) Following the Claims Bar Deadline, and in accordance with the terms of the Agreement, the Plan of Allocation, and such further order of the Courts, as may be necessary, or as circumstances may require, the Administrator shall distribute the Escrow Settlement Amount to Authorized Claimants.
Conclusion of the Administration. 11.6 Upon the conclusion of the administration, or at such other time(s) as the Class Action Court directs, on application by Class Counsel, on notice to Xebec, the Individual Defendants and the Underwriter Defendants, the Claims Administrator shall report to the Class Action Court on the administration and shall account for all monies it has received, administered and disbursed including a full accounting of its own invoices, and obtain an order from the Class Action Court discharging it as Claims Administrator.
Conclusion of the Administration
