Common use of Distribution of Remaining Funds Clause in Contracts

Distribution of Remaining Funds. 81. Within thirty (30) days after the latest issued check is no longer valid pursuant to Paragraph 80, the Settlement Administrator shall distribute any funds remaining in the Administration Account, at the election of Class Counsel, to either: (a) Settlement Class Members who received Settlement Payments on a pro rata basis, to the extent feasible and practical in light of the costs of administrating such payments; or (b) to Texas Jump$tart Coalition for Personal Financial Literacy as designated cy pres recipient. All costs associated with the disbursement of residual funds pursuant to this Paragraph shall be paid from the Settlement Amount. In the event no money remains in the Settlement Amount within thirty (30) days after the latest issued check is no longer valid pursuant to Paragraph 80, the Settlement Administrator shall have no obligation to make any residual distribution.

Distribution of Remaining Funds. 81. Within thirty (30) days after the latest issued check is no longer valid pursuant to Paragraph 80, the Settlement Administrator shall distribute any funds remaining in the Administration Account, at the election of Class Counsel, to either: (a) Settlement Class Members who received Settlement Payments on a pro rata basis, to the extent feasible and practical in light of the costs of administrating such payments; or (b) to Texas Arizona Jump$tart Coalition for Personal Financial Literacy as designated cy pres recipient. All costs associated with the disbursement of residual funds pursuant to this Paragraph shall be paid from the Settlement Amount. In the event no money remains in the Settlement Amount within thirty (30) days after the latest issued check is no longer valid pursuant to Paragraph 80, the Settlement Administrator shall have no obligation to make any residual distribution.

Distribution of Remaining Funds. 81. Within thirty (30) days after the latest issued check is no longer valid pursuant to Paragraph 80, the Settlement Administrator shall distribute any funds remaining in the Administration Account, at the election of Class Counsel, to either: (a) Settlement Class Members who received Settlement Payments on a pro rata basis, to the extent feasible and practical in light of the costs of administrating such payments; or (b) to Texas Colorado Jump$tart Coalition for Personal Financial Literacy as designated cy pres recipient. All costs associated with the disbursement of residual funds pursuant to this Paragraph shall be paid from the Settlement Amount. In the event no money remains in the Settlement Amount within thirty (30) days after the latest issued check is no longer valid pursuant to Paragraph 80, the Settlement Administrator shall have no obligation to make any residual distribution.