Common use of Cy Pres Clause in Contracts

Cy Pres. After the Date Settlement Checks Expire, if there remain monies in the Net Settlement Fund, those monies will not revert to Defendant but will, after deduction of any final costs of administration, be paid to the Cy Pres Recipient(s) in the amount(s) set forth on the Key Terms Page.

Appears in 2 contracts

Samples: Class Action Settlement Agreement, Class Action Settlement Agreement

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Cy Pres. After the Date Settlement Checks Benefits Expire, if there remain monies in the Net Settlement Fund, those monies will not revert to Defendant Defendants but will, after deduction of any final costs of administration, be paid to the Cy Pres Recipient(s) in the amount(s) set forth on the Key Terms Page.

Appears in 2 contracts

Samples: Class Action Settlement Agreement, Class Action Settlement Agreement

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