Distribution of Unspent Funds Sample Clauses

Distribution of Unspent Funds. If any distributable balance remains in the Net Settlement Fund by reason of uncashed 26 checks or otherwise one year after the distribution of the Endo Third Payment, then— 27 subject to paragraph 22—that balance shall be redistributed on a pro rata basis among 28 4 1 those Eligible Claimants who have cashed their checks and who would receive at least 2 $50.00 from the redistribution, after payment of any additional costs or fees incurred in 3 administering the Net Settlement Fund for the redistribution.

Distribution of Unspent Funds. If the entire $154,167.00 is not expended on the purchase of lands prior to the date of acceptance of the license by the City, the unexpended portion of that amount shall be added to the payment from the City to the Tribe pursuant to the Settlement Agreement (Section 3.1). The unexpended funds distributed under this provision shall be indexed pursuant to Sections 2.5 and 3.2 of the Settlement Agreement.

Distribution of Unspent Funds. 4.1 If any distributable balance remains in the Net Settlement Fund by reason of payments that have not been deposited six months after the start of the initial distribution or because of the limitations set forth in paragraph 3.3, then—subject to paragraph 3.3—that balance shall be redistributed as set forth in paragraph 3.3 among those Eligible Claimants who have received and deposited their initial payment and who would receive at least $15.00 from the redistribution, after payment of any additional costs or fees incurred in administering the Net Settlement Fund for the redistribution. In making such redistribution calculations, the Total Class Points shall be adjusted to include only the Points for Eligible Claimants that (1) have received and deposited their payment during the initial distribution and (2) would receive at least $15.00 from the redistribution, after payment of any additional costs or fees incurred in administering the Net Settlement Fund for the redistribution and (3) have not yet received a payment equal to or in excess of the Class Payment Cap. Points shall also be adjusted to ensure that no Eligible Claimant receives a redistribution that would cause such Xxxxxxxx’s total payments to exceed the claimant’s Class Payment Cap. Settlement Class Members receiving a distribution pursuant to this Paragraph shall receive payment via the means elected for the initial payment (if an election was made). To minimize administrative costs, however, redistribution payments to Settlement Class Members who made no such election may be made by either the issuance of a credit card or a store payment card. 4.2 If six months after the redistribution any balance still remains in the Net Settlement Fund as a result of (1) payments that have not been deposited, and Class Counsel has determined that a further redistribution of such balance to Settlement Class Members would be uneconomical or (2) all Eligible Claimants have received distributions in an amount equal to their Class Payment Cap, Class Counsel shall petition the Court to distribute the remaining funds to an appropriate recipient or recipients. There will be no disposition or cy pres-type distribution unless and until the Court finds that the parties have in good faith exhausted all reasonable efforts to distribute the Net Settlement Fund to Settlement Class Members.