Initial EBP Award Report for QRS-Related Enhancements Sample Clauses

Initial EBP Award Report for QRS-Related Enhancements. 2.2.1 Commencing within thirty (30) Business Days after HOC’s Walk Away Rights have expired, including the right under Section 14.2, the Claims Processor shall provide notice to Qualified Claimants consistent with the notice used in connection with the November 3, 2014 and December 19, 2016 Settlement Agreements, setting forth their Net QRS- Related Enhancements Benefit. Within seven (7) Business Days of such notices, the Claims Processor shall provide to HOC, the SOC, and the Escrow Agent a report, in such form and in such detail as HOC reasonably from time to time may specify, identifying those Qualified Claimants who have accepted their QRS-Related Enhancement and have no pending appeals and setting forth the assessment amounts for each Qualified Claimant, and certifying those Settlement Program Awards in accordance with this Agreement (the “Initial 2020 EBP Award Report”). For the avoidance of doubt, if a Qualified Claimant appeals any QRS-Related Enhancement pursuant to Section 4.4, s/he will not be placed on the Initial 2020 EBP Award Report, nor will s/he be placed on any corresponding Settlement Program Award Report. HOC, therefore, will not be required to fund any portion of the Settlement Program Award (including the Net Base Award or Net QRS-Related Enhancements Benefit) until all appeals brought by the individual Qualified Claimant are resolved.
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Related to Initial EBP Award Report for QRS-Related Enhancements

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