Common use of List of Successful Opt-Outs Clause in Contracts

List of Successful Opt-Outs. Not later than 5 days following the Opt-Out Deadline, the Settlement Administrator shall provide Class Counsel and BPPR’s Counsel a complete list of the Successful Opt-Outs, together with all opt-out requests. 9.2.1. If the Successful Opt-Outs include Class Members representing in excess of 10% of the Class Fees as reflected in the data provided to the Settlement Administrator, then BPPR shall have the right, at its sole discretion, to terminate the Settlement by providing written notice to Class Counsel of such termination within 30 days of the Opt-Out Deadline.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

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List of Successful Opt-Outs. Not later than 5 21 calendar days following the Opt-Out Deadline, the Settlement Administrator shall provide Class Counsel and BPPRPopular Bank’s Counsel a complete list of the Successful Opt-Outs, together with all opt-out requests. 9.2.1. If the Successful Opt-Outs include Class Members representing in excess of 10% of the Class Fees as reflected in the data provided to the Settlement Administrator, then BPPR Popular Bank shall have the right, at its sole discretion, to terminate the Settlement by providing written notice to Class Counsel of such termination within 30 days of the Opt-Out Deadline.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

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