Payment to Settlement Class Members. Each Settlement Class Member’s share of the Settlement Fund Amount, less applicable taxes, shall be paid to Settlement Class Members after the Effective Date has passed, as defined in the Settlement Agreement. In the event monies remain as residue in the Settlement Fund Amount following distribution, they will be distributed pursuant to Paragraphs 32 and 33 of the Settlement Agreement. No portion of or amount from the Settlement Fund Amount shall revert or be returned to the Settling Defendants.
Payment to Settlement Class Members. Each Settlement Class member shall be eligible to receive payment of the Individual Settlement Amount, which is a share of the Net Settlement Amount based on the distribution formula set forth in Section VI(7)(b), below.
Payment to Settlement Class Members. Distributions from the Settlement Fund shall be disbursed to Verified Claimants, who submit a Verified Claim Form and successfully make one or more Verified Claims as members of the California Class or National Class pursuant to the terms of this Section.
Payment to Settlement Class Members. Each Settlement Class Member shall be eligible 14 to receive payment of the Individual Settlement Amount, which is a share of the Net Settlement 15 Amount based on the pro rata number of Workweeks allocated to a Settlement Class Member as a 16 proportion of all Workweeks allocated to all Settlement Class Members. The Individual Settlement 17 Amount for each Settlement Class Member shall be calculated in accordance with Section 6.2. Each 18 Settlement Class Member, including Plaintiff, shall be responsible for the payment of each of their 19 portion of applicable taxes, if any, and required withholding with respect to his or her Individual 20 Settlement Amount.
Payment to Settlement Class Members. (a) Defendant shall cause to be paid into the Escrow Account the amount of the Settlement Fund ($3,742,637.14 USD), specified in paragraph 1.39 of this Agreement, within forty-five (45) days after Preliminary Approval. Once Defendant makes its payment to the Escrow Fund, all risk of loss shall pass to the Escrow Fund.
Payment to Settlement Class Members. The Claims Administrator shall make all required payments from the Settlement Fund in accordance with the amounts and the times set forth in the Settlement Agreement, including all payments to Settlement Class Members who submitted an approved claim, for the credit monitoring services, for the attorneys’ fees and costs, for the service award, and for all settlement administration costs.
Payment to Settlement Class Members. The Net Settlement Amount (as defined 2 in Section 3.26, after payment of all enumerated amounts from the Gross Settlement Amount) 3 shall be used to make the Settlement Payments described below.
Payment to Settlement Class Members. (a) NRG shall establish the Settlement Fund within three (3) days of the Effective Date.
Payment to Settlement Class Members. Distributions from the Settlement Fund shall be disbursed to Verified Claimants.
Payment to Settlement Class Members. Decision One Borrowers will be entitled to claim $200 per loan against the Settlement Fund as set forth in Section 3.4(a)(iv) above. In the event that the amounts contained in the Settlement Fund are insufficient to pay $200 per loan per each valid claim, the Decision One Borrower’s claims are subject to proration as set forth in Section 3.4(d) below. If Mortgage Services owns and is actively servicing a Decision One Borrower’s loan(s) at the time claims are to be paid pursuant to the settlement, the Decision One Borrower shall be deemed to have presented a valid claim, and the Decision One Borrower’s share of the Settlement Fund shall be credited against the outstanding principal balance on his loan(s) within sixty (60) days after the Effective Date. Such Decision One Borrower credits will be applied whether or not the Decision One Borrower has submitted a claim form. If Mortgage Services does not own and actively service the loan(s) at the time claims are to be paid pursuant to the settlement, the Decision One Borrower will not be paid unless he or she has timely submitted a valid claim form. Such Decision One Borrower shall be paid within sixty (60) days after the Effective Date by check mailed to the address provided by the Decision One Borrower on the returned claim form (or to any later forwarding address provided by the Decision One Borrower to the Settlement Administrator). If checks distributed to Decision One Borrowers are not cashed within six months of the check issue date, such checks will not be re-issued and the money in question will be distributed instead pursuant to Sections 3.4(a)(v) and (vi) above.
