Common use of DISTRIBUTION OF THE SETTLEMENT AMOUNT AND ACCRUED INTEREST Clause in Contracts

DISTRIBUTION OF THE SETTLEMENT AMOUNT AND ACCRUED INTEREST. ‌ 5.1 Distribution Protocol‌ (1) After the Effective Date, at a time wholly within the discretion of Class Counsel, but on notice to the Settling Defendants, Class Counsel will make an application seeking orders from the Courts approving the Distribution Protocol. (2) The Distribution Protocol shall require Settlement Class Members seeking compensation to give credit for any compensation received through other proceedings or in out-of-class settlements, unless by such proceedings or out-of-class settlements the Settlement Class Member’s claim was released in its entirety, in which case the Settlement Class Member shall be deemed ineligible for any further compensation.

DISTRIBUTION OF THE SETTLEMENT AMOUNT AND ACCRUED INTEREST. ‌ 5.1 Distribution Protocol‌Protocol(s) (1) After the Effective Date, at a time wholly within the discretion of Class Counsel, but on notice to the Settling Defendants, Class Counsel will make an application applications seeking orders from the Courts approving the Distribution ProtocolProtocol(s). (2) The Distribution Protocol shall require Settlement Class Members seeking compensation to give credit for any compensation received through other proceedings or in out-of-class settlements, unless by such proceedings or out-of-class settlements the Settlement Class Member’s claim was released in its entirety, in which case the Settlement Class Member shall be deemed ineligible for any further compensation.