Credits for Amounts Previously Paid by Defendants Sample Clauses

Credits for Amounts Previously Paid by Defendants. Claimants who have previously received compensation from Defendant will have the amount of such payments credited against their recovery, if any, in this Settlement. Defendant will provide the Administrator with a database of amounts paid by Defendant to Class Members. To the extent it is determined that a Claimant has previously received payment from Defendant, the Administrator shall determine the point equivalent of the amount to be credited and reduce the Claimants points awarded. To determine the amount of point reduction, the Administrator shall make a preliminary determination of the value of a point by taking the Net Settlement Amount divided by the total points preliminarily awarded to get the Preliminary Point Value. The Administrator shall then take the amount previously paid by Defendant to a Claimant divided by the Preliminary Point Value to arrive at the Claimant’s Point Reduction.
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Related to Credits for Amounts Previously Paid by Defendants

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