Determination of Recognized Claims Sample Clauses

Determination of Recognized Claims. 1. Authorized Claimants who submit documentation sufficient to identify the type, and determine the quantity of, cryptocurrency held at Cryptsy between November 1, 2015 and the present date, such as account statements or screen shots of account holdings, shall have a Recognized Claim in the amount equal to the Market Value of such cryptocurrency between November 1, 2015 and the present date. NOTE: Persons in the Settlement Class who do not submit documentation sufficient to identify the type, and determine the quantity of, cryptocurrency held at Cryptsy between November 1, 2015 and the present date shall not have a Recognized Claim.
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Determination of Recognized Claims. 1. Authorized Claimants who submit documentation sufficient to identify the type, and determine the quantity of, cryptocurrency held on the Cryptsy platform between November 1, 2015 and the present date, such as account statements or screen shots of account holdings, shall have a “Recognized Claim” in the amount equal to the Market Value of such cryptocurrency (as calculated below in Section VI(B)(2). Settlement Class Members who submitted a valid and approved claim in the Cryptsy Case Settlement shall have in the settlement of this Action a Recognized Claim in an amount equal to the Market Value of their cryptocurrency as described in this paragraph less the amount that was paid to and received by them in connection with the settlement of the Cryptsy Case. NOTE: Persons in the Settlement Class who do not submit documentation sufficient to identify the type, and determine the quantity of, cryptocurrency held on the Cryptsy platform between November 1, 2015 and the present date shall not have a Recognized Claim. In addition, Persons who submitted a claim in connection with the settlement of the Cryptsy Case but who did not open an account on the Cryptsy platform until after October 4, 2015 or who are otherwise are not Settlement Class Members (as that term is defined in this Settlement Agreement) in this Action will not receive any payment in connection with the settlement of this Action.
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