Distribution of the Settlement Benefit Sample Clauses

Distribution of the Settlement Benefit. The Claims Administrator shall distribute the funds in the Settlement Benefit in the following order and within the time period set forth with respect to each such payment: (a) First, as soon as practicable, no later than ten (10) business days after the Funding Date, the Claims Administrator shall pay taxes and tax-related expenses, if any, or, at the Claims Administrator’s discretion, it shall reserve an amount of the estimated actual costs of administration (currently estimated to be $35,000.00), sufficient to pay taxes and tax-related expenses as described in Section 19; (b) Second, as soon as practicable, no later than ten (10) business days after the Funding Date, the Claims Administrator shall pay to the Class Representative any incentive/service award ordered by the Court, as described in Section 6.02; (c) Third, as soon as practicable, no later than ten (10) business days after the Funding Date, the Claims Administrator shall pay to Class Counsel any award of attorneys’ fees, costs, or expenses ordered by the Court, as described in Section 6.01; (d) Fourth, as soon as practicable, no later than twenty (20) days after the Funding Date, the Claims Administrator shall be paid for any unreimbursed costs of administration; (e) Fifth, as soon as practicable, no later than thirty (30) days from the Final Approval Date, Defendants will cause to be delivered to the Settlement Administrator a sufficient number of Gift Certificates which shall be used exclusively for the purchase of goods or services at Xxxxxx-owned VIOC locations in Southern California, in the amount of $86.00 each, for each of the Class Members who submitted a Valid Claim Form, pursuant to Section 10; (f) Finally, as soon as practicable, but in no event more than thirty (30) days from receipt by Defendants of the Gift Certificates delivered under section 8.05(e), the Settlement Administrator shall cause to be mailed the Gift Certificates to all Class Members who submitted a Valid Claim Form. Defendants shall make adequate provision, acceptable to the Settlement Administrator, for funds to cover mailing of settlement Gift Certificates.