Common use of Initial Determination Clause in Contracts

Initial Determination. The Claims Administrator shall make an initial determination with respect to each claimant’s inclusion in the Stage 2 class within 90 days of Final Approval or such later date as the Court may order and shall so inform claimants in writing. If a potential claimant is denied participation as part of the initial determination, the Claims Administrator shall state the basis for its denial and the availability of reconsideration with the submission of additional documentation. Claimants who are denied participation in the Stage 2 distribution may submit additional documentation for reconsideration within 120 days of Final Approval or such later date as the Court may order. A claimant’s failure to seek reconsideration will render the Claims Administrator’s initial determination final and binding upon the claimant.