De Minimis Amount. In order to avoid paying claims in situations where the cost of processing the claim exceeds the payment made, no claim will be paid to any claimant if the total payment to that claimant would be $10 or less; in such an event, the payment amount will revert back to the Net Settlement Fund.
Appears in 4 contracts
Samples: angeion-public.s3.amazonaws.com, usdollarliborsettlement.com, barclaysliborsettlement.com