Cy Pres Distribution. The following procedures shall govern the distribution of proceeds, if any, from the Net Settlement Fund to the Cy Pres Recipients.
Cy Pres Distribution. Pursuant to the Settlement Agreement, any unpaid portion of the Settlement Fund shall be paid to the National Consumer Law Center.
Cy Pres Distribution. 50. If there are funds remaining in the Escrow Account after the distributions are completed pursuant to Paragraphs 33-36 of this Settlement, the Settlement Administrator shall distribute all such remaining funds through the cy pres distribution. All funds resulting from returned or un-cashed checks shall remain in an account maintained by the Settlement Administrator for six months, at which time the money will be distributed through the cy pres distribution. In the event that all funds remitted from Escrow Account to the Settlement Administrator are paid to Class Members, no cy pres distribution will be made.
Cy Pres Distribution. Any funds remaining in the Settlement Fund after the second payment pursuant to Section 3.6 (if any), will be paid to the Cy Pres Recipient within thirty
Cy Pres Distribution. Any remaining funds will be paid to the Cy Pres Recipients under this Agreement within thirty (30) days following the Second Eligible Payment.
Cy Pres Distribution. Any check to a Settlement Class Member that is not cashed within one hundred and twenty (120) days of its mailing by the Class Action Settlement Administrator will be void (the “Void Date”). Any funds remaining in the Settlement Fund as of the Void Date, less any funds necessary for remaining Settlement Costs, will be awarded cy pres no later than forty-five (45) days after the Void Date. In advance of the preliminary approval hearing, the parties will file a notice with the court identifying their agreed upon cy pres recipient.
Cy Pres Distribution. 98. Any funds in the Net Settlement Fund following a Second Cash Award Distribution, or any Residual Funds in the Net Settlement Fund held in the Escrow Account if a Second Cash Award Distribution is not feasible (“Cy Pres Funds”), shall be paid through cy pres to non-profit charities that assist low-income consumers and/or provide consumer financial education in the geographic area of the Settlement Class Members, subject to Court approval. The Parties shall confer in good faith about appropriate cy pres beneficiaries after the stale date on checks to Settlement Class Members passes, and shall each propose beneficiaries for Court approval. Plaintiffs will propose a beneficiary for 50% of the Cy Pres Funds, subject to approval by Defendant. Xxxxxxxx intends to propose that the remaining 50% of Cy Pres Funds be paid to the Xxxxxxx First Foundation, with an earmark that the money be used specifically for financial literacy. Plaintiffs do not agree that Xxxxxxx First Foundation is an appropriate cy pres beneficiary. If the Court rejects Xxxxxxx First Foundation as a cy pres beneficiary, Landmark will propose Go Forward Pine Bluff as an alternate cy pres beneficiary.
Cy Pres Distribution. To the extent that monies remain from payments of Claim Settlement Payments and Redistributions, such monies will be distributed to non-profit charitable organizations (the "Cy Pres Distribution"). The Cy Pres Distribution shall be made 240 days after completion of the distribution of Claim Settlement Payments or, if necessary, after all Redistributions have been exhausted, whichever is later. The Parties shall agree upon the proposed recipient(s) of the Cy Pres Distribution and shall submit a filing to the Court identifying such proposed recipient(s). The Cy Pres Distribution shall be made equally among the recipients designated by the Parties, subject to approval by the Court. If, for any reason, the Parties and/or the Court determine that one or more proposed recipients are not or are no longer appropriate recipients, the Parties shall agree on replacement recipient(s) of such monies, subject to Court approval. The Parties shall agree that the designated Cy Pres recipient(s) shall confirm in writing that funds will not be used for litigation or political advocacy, and that Lexington's name will not be used without its consent.
Cy Pres Distribution. To the extent monies remain in the Fund after 120 calendar days have passed from the date on the checks mailed to Settlement Class Members, and the remaining monies in the Fund would not allow for a second distribution of at least $5 to each Settlement Class Member after deducting the costs associated with such a distribution, such money remaining in the Fund will comprise the Cy Pres Distribution. Subject to approval by the Court, the Cy Pres Distribution shall be made to the Student Loan Bankruptcy Assistance Protect. The Cy Pres Distribution shall be made 60 calendar days after the last day for Settlement Class Members to cash their Settlement Awards, subject to the terms above. To the extent a second distribution is made to Settlement Class Members, any remaining monies in the Fund after 120 calendar days have passed from the date on the checks will constitute the Cy Pres Distribution.
Cy Pres Distribution. If there is any money remaining in the Fund after payment of the Settlement Costs, Cash Awards to Settlement Class Members who make valid and timely claims, reimbursements to Xxxxxx Xxx for costs of notice or administration that are paid directly by Xxxxxx Xxx, reimbursements to Xxxxxx Xxx for Reduction Awards and the Dedicated Cy Pres Distribution, such monies will comprise the Cy Pres Distribution.
