Monetary relief to the class Sample Clauses

Monetary relief to the class. After payment of the above sums, the balance remaining from the total settlement amount will be distributed to members of the class. All class members will receive $10. In addition, class members who paid a $55 “application fee” to Defendant will receive an equal share of the remaining funds. The parties believe that application fees were paid by class members on approximately 8,497 loans by approximately 4,497 customers, and that those persons will receive in the vicinity of $16 for each such fee paid.

Monetary relief to the class. To resolve all claims at is- sue in this case involving monetary relief to class members, other than attorneys' fees, expert and consulting witness fees and litigation costs, the parties have agreed that, as part of the consideration for this Agreement, Defendants will establish a fund (the "Settlement Fund") in the amount of $500,000 (five hundred thousand dollars). This amount includes incentive payments to the named plaintiffs. The “Settlement Fund” also includes monies to be distributed to class members to satis- fy all claims that have accrued to the date of entry of judgment in ac- cordance with the “distribution algorithm” described in section 15 be- low.

Monetary relief to the class. After payment of the above sums, the balance remaining from the total monetary settlement amount will be distributed to members of the Sale Class (excluding any who cannot be located during the initial notification period following certification) as follows: Class members whose total pawn loan principal was greater than $100 will receive a pro rata share of the remaining monetary settlement amount based on the ratio of their total pawn principal to the total pawn principal of all class members whose pawn loan principal was greater than $100. The parties believe that approximately 4,623 people will receive monetary proceeds in accordance with this formula, with an average payment of approximately $80.