Payment-Related Sample Clauses

Payment-Related. 1. For each Claim qualifying for a reimbursement payment under this Settlement Agreement, and only following determination whether Claims are subject to a pro rata increase or decrease, the Settlement Administrator shall promptly send to the Claimant, as provided for on the Claim Form, a check, digital payment (ACH, PayPal, Venmo, Zelle), or prepaid Mastercard, at the Class member’s request. 2. Within 90 days of the Settlement Administrator providing notice to the Parties of the aggregate amount of all approved claims, Defendants shall provide funding to satisfy such claims, in an amount no less than the amount necessary to reach the $80 million Common Fund floor or an amount that will not exceed the $145 million Common Fund ceiling, consistent with the provisions of section II.D. 3. For each Claim qualifying for a reimbursement payment under Section II, the Settlement Administrator shall send to the Claimant, as provided on the Claim Form, a check, digital payment (ACH, PayPal, Venmo, Zelle), or prepaid Mastercard, at the Class member’s request. 4. For prepaid Mastercards that are not activated within 60 days after issuance, the Settlement Administrator will remind the Class Member of the prepaid Mastercard. If the prepaid Mastercard is not activated within 30 days of the reminder, the Settlement Administrator will issue a check. 5. For checks that are not cashed within 120 days after issuance, the Settlement Administrator will remind the Class Member of the check. If a reissued check is necessary, Claimants must request the Settlement Administrator reissue the check within 30 days of receiving the notice. 6. The prepaid Mastercards provided under this Settlement shall be redeemable for at least one year, without any fees charged by Defendants, the Settlement Administrator, or the card issuer. Any balance on the prepaid Mastercard can be transferred by the card holder to their bank account at no fee. The prepaid Mastercards shall indicate their “use by” dates on their face. 7. Class Counsel shall confer with Defendants’ counsel concerning additional pro rata payments to Class Members who activated their prepaid Mastercards, cashed their checks, and/or received digital payment, or cy pres, in the event that such payments are administratively infeasible. 8. The Parties acknowledge and agree that any and all provisions, rights, or benefits conferred by any law of any state or territory of the U.S., or any principle of common law, that provides for how residu...