Distribution of Settlement Funds. 15. If the Settlement Agreements are approved by the Court and become effective, the Settlement Funds (less taxes on the escrow fund interest, Court approved attorneys’ fees, costs and other expenses, including without limitation costs of Notice and Claims Administration), will be distributed to members of the Class pursuant to a Court approved plan of allocation and distribution. By August 18, 2003, Class Counsel will file a detailed plan of allocation, which may include a series of payments to be made over ten years or may include two or more sets of payments to be made over a shorter period of time to be determined by the Court. While the plan of allocation and distribution has not yet been finalized, plaintiffs will ask the Court to approve a distribution pro rata (based on a calculation of the participating Class members’ approximate amount of overcharges paid, as claimed by plaintiffs) to participating Class members. It has not yet determined whether participating Class members will need to provide documentation. Beginning on August 18, 2003, you may visit the Website for details concerning the plan for allocation and distribution.
Distribution of Settlement Funds. (a) Within ten (10) days after the Effective Date, the Settlement Administrator shall send the aggregate amount of the Settlement Class Member Payments, which are to be credited to Current Customers, to Defendant.
Distribution of Settlement Funds. (1) Class Members shall be eligible for the relief provided in this Settlement Agreement in accordance with the Distribution Protocol.
Distribution of Settlement Funds to the Direct Group 50. The following describes the Settlement Fund distribution to the Service Group and to the Complaint Group (i.e. the Direct Group).
Distribution of Settlement Funds. Subject to further order of the Ontario court, the settlement funds will be distributed on a pro rata (proportional) basis, based on the value of a Settlement Class Member’s Eligible Airfreight Shipping Services Purchases as against the value of all claimants’ Eligible Airfreight Shipping Services Purchases. To calculate Eligible Airfreight Shipping Services Purchases, Settlement Class Members will be categorized based on their position in the distribution chain and the following percentages will be applied their Airfreight Shipping Services Purchases. Settlement Class Members may fall into more than one category. Purchaser Type Description Percentage Direct Purchaser Shippers Settlement Class Members who purchased Airfreight Shipping Services direct from an air cargo carrier, for shipments by that Settlement Class Member. 100% Shippers Settlement Class Members who purchased Airfreight Shipping Services from a Freight Forwarder. 75% Freight Forwarders Settlement Class Members who purchased Airfreight Shipping Services direct from an air cargo carrier, for resale to Shippers. 25% Freight Forwarders who provided customer information in the first distribution 35% Sample Calculation If a Settlement Class Member purchased $10,000 of Airfreight Shipping Services directly from an air cargo carrier and $20,000 of Airfreight Shipping Services from a Freight Forwarder, its Eligible Airfreight Shipping Services Purchases for the purposes of determining its pro rata share of the Net Settlement Funds would be calculated as follows:
Distribution of Settlement Funds. 1. Prior to the initial distribution, and in no event later than March 1, 2022, the Parties shall negotiate a Settlement Funds Distribution Procedure. The Settlement Funds Distribution Procedure will operate as an extension of this agreement, and shall be interpreted as incorporated within this agreement in whole.
Distribution of Settlement Funds. The Settlement Fund shall be distributed to Authorized Claimants by the Claims Administrator only after Final Approval and after: (a) 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; (b) 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; (c) all matters with respect to attorneys’ fees, costs, and disbursements have been resolved by the Court, all appeals therefrom have been resolved or the time to notice an appeal, seek reargument, make a petition or otherwise seek review has expired; and (d) all costs of administration, Taxes and Tax Expenses have been paid.
Distribution of Settlement Funds. (1) Class Members shall be eligible to claim on the Net Settlement Funds in accordance with the Distribution Protocol, attached as Schedule "A", which assesses the strength of Class Members’ claims and the magnitude of their damages relative to other Class Members.
Distribution of Settlement Funds. (1) CIBC Class Members shall be eligible for the relief provided in this Settlement Agreement in accordance with the Distribution Protocol (Schedule 1).
Distribution of Settlement Funds. KHK shall be entitled to distribute to defendants up to $20,000 of the funds paid in trust by TWWI upon the Administration of Cancellation and Xxxxxx’x written acknowledgment to KHK of receipt of the evidence of same. KHK shall be entitled to distribute to defendants the remaining $20,000 of the funds paid in trust by TWWI upon Xxxxxx’x written acknowledgement of the Share Delivery.
