Distribution of Net Settlement Fund. After the Effective Date, the Settlement Fund shall be distributed in accordance with a distribution plan that Class Counsel shall submit at the appropriate time for approval by the Court.
Distribution of Net Settlement Fund. Upon the Effective Date and thereafter, and in accordance with the terms of this Agreement, the Distribution Plan and such further approval and further order(s) of the Court as may be necessary or as circumstances may require, the Net Settlement Fund shall be distributed to Authorized Claimants, subject to and in accordance with the following:
Distribution of Net Settlement Fund. 148. As soon as practicable, but in no event sooner than 30 days from the Effective Date, TD Bank and the Settlement Administrator shall distribute the Net Settlement Fund as set forth in this Section XII. 149. The Net Settlement Fund is equal to the Settlement Payment Amount plus any interest earned from the Instruments, less the following:
Distribution of Net Settlement Fund. The Net Settlement Fund shall be distributed in accordance with the Distribution Plan that is approved by the Court.
Distribution of Net Settlement Fund. The Settlement Administrator shall distribute the Net Settlement Fund to Class Members in accordance with the Plan of Allocation as described in Article V herein. Subject to at least forty (40) calendar days’ written notice from the Settlement Administrator, the Company shall use reasonable efforts to cause the Plan’s recordkeeper (or its designee) to provide an updated list of Active Participants and Inactive Participants prior to the distribution, so as to identify any such participants who have taken a full distribution from their Plan account and no longer have a Plan account with a balance greater than $0.00.
Distribution of Net Settlement Fund. 70. Within 7 days after Final Approval, the Settlement Administrator shall identify to Navy Federal the full amount of Settlement Class Member Payments, along with the amount of each Settlement Class Member’s Payment to be credited to Current Account Holders’ Accounts, as well as the remaining amount of the $16,000,000.00 Settlement Fund that shall be paid by Navy Federal into the Escrow Account.
Distribution of Net Settlement Fund. 15. A proposed Distribution Plan of the Net Settlement Fund, to be approved by the Court, is attached as Exhibit 4.
Distribution of Net Settlement Fund. 95. As soon as practicable but no later than sixty (60) days from the Effective Date, BancorpSouth and the Settlement Administrator shall distribute the Net Settlement Fund as set forth in this Section XII. Each Settlement Class Member who had a Differential Overdraft Fee and has not opted out as provided herein shall receive a distribution in the amount of a pro rata share of the Net Settlement Fund.
Distribution of Net Settlement Fund. 10 72. Within 7 days after Final Approval, the Settlement Administrator shall identify to 11 BECU the full amount of Settlement Class Member Payments, along with the amount of each 12 Settlement Class Member’s Payment to be credited to Current Account Holders’ Accounts, as 13 well as the remaining amount of the $6,000,000 Settlement Fund that shall be paid by BECU into 14 the Escrow Account.
Distribution of Net Settlement Fund. 25. The Net Settlement Fund shall be distributed by the Claims Administrator to, or for the account of, Authorized Claimants, as the case may be, only after the Effective Date and after: (a) the Net Settlement Fund has been fully funded, pursuant to ¶3(a), above; (b) all claims have been processed, and all claimants whose claims have been rejected or disallowed, in whole or in part, have been notified and provided the opportunity to be heard concerning such rejection or disallowance; (c) all objections with respect to all rejected or disallowed claims have been resolved by the Court, and all appeals therefrom have been resolved or the time therefor has expired; (d) all matters with respect to the Fee and Expense Application have been resolved by the Court, all appeals therefrom have been resolved or the time therefore has expired; and (e) all fees and costs of administration have been paid.
