Common use of Cy pres Award Clause in Contracts

Cy pres Award. If there are undistributed amounts remaining in the Settlement Fund after the check‐cashing period described in the preceding paragraph, the parties agree that these amounts shall be paid to cy pres recipients as follows:

Appears in 1 contract

Samples: Settlement Agreement

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Cy pres Award. If there are undistributed amounts remaining in the Settlement Fund after the check‐cashing period described in the preceding paragraphparagraph and a second distribution is not administratively feasible, the parties agree that these amounts shall be paid to cy pres recipients as follows:

Appears in 1 contract

Samples: Settlement Agreement & Release

Cy pres Award. If there are undistributed amounts remaining in the Settlement Fund after the check‐cashing check−cashing period described in the preceding paragraphparagraph and a second distribution is not administratively feasible, the parties Parties agree that these amounts shall be paid to cy pres recipients as follows:

Appears in 1 contract

Samples: Settlement Agreement

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Cy pres Award. If there are undistributed amounts remaining in the Settlement Fund after the check‐cashing check cashing period described in the preceding paragraphparagraph and a second distribution is not administratively feasible, meaning that after deducting the costs of the second distribution from the Settlement Fund, sufficient funds remain to make payments of at least $20 to Settlement Class Members who cashed checks, the parties Parties agree that these amounts shall be paid to cy pres recipients as follows:

Appears in 1 contract

Samples: Settlement Agreement

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