Enhanced Minimum Recall Rebate and Settlement Recall Rebate Sample Clauses

Enhanced Minimum Recall Rebate and Settlement Recall Rebate. 1. For Settlement Class Members who are original purchasers and who selected a Recall Rebate under the Voluntary Recall for the purchase of a new, replacement Samsung or Kenmore brand washing machine, or who select such a Recall Rebate no later than the Claims Deadline and claim the Recall Rebate within 6 months of selecting the Recall Rebate, SECA will provide an Enhanced Minimum Recall Rebate equal to a net 15.5 percent of the Estimated Purchase Price of the Claimant’s Washer. Therefore, a Claimant who previously obtained a Recall Rebate under the Voluntary Recall in a lower amount would, under the Enhanced Minimum Recall Rebate, receive the difference in value, if any, between 15.5 percent of the Estimated Purchase Price of the Claimant’s Washer and the lower percentage of the Estimated Purchase Price that the Claimant previously received for his or her Recall Rebate under the Voluntary Recall. For example, if a Claimant previously received a Recall Rebate valued at 6 percent of the Estimated Purchase Price of the Claimant’s Washer, then the Claimant would be eligible under this Agreement to receive an electronic transfer or check in the amount necessary to increase the net value of their Recall Rebate to 15.5 percent of the Estimated Purchase Price of the Claimant’s Washer (in this example, the referenced check would be in an amount equivalent to 9.5 percent of the Estimated Purchase Price of the Claimant’s Washer). For a Class Member who selects a Recall Rebate after the Settlement Notice Date and no later than the Claims Deadline, and who purchases the replacement Samsung brand washer and claims the Recall Rebate within 6 months of making that selection, or of the Claims Deadline, whichever is earlier, will receive an Enhanced Minimum Recall Rebate of 15.5 percent of the Estimated Purchase Price of the Claimant’s Washer. 2. For a Settlement Class Member who is an original purchaser and who both selects a Recall Rebate and purchases a non-Samsung branded washer in the period between the Settlement Notice Date and the Claims Deadline, and who submits a Valid Claim no later than the Claims Deadline, SECA will provide a Settlement Recall Rebate equal to a net 15.5 percent of the Estimated Purchase Price of their Washer. To avoid any uncertainty, a Settlement Class Member who selects a Recall Rebate can only receive one of either an Enhanced Minimum Recall Rebate or a Settlement Recall Rebate (if otherwise available), and never both. 3. To obtain a rebate...
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