Remaining Monies. Provided that an Event of Default has not occurred and is not continuing, the remaining outstanding principal amount of the Loan, the Interest thereon, and any and all other monies, if any, then owing pursuant to this Agreement shall be due and payable on or before the thirtieth (30th) day following the last day of Year 10 (or on the next following Business Day if such day is not a Business Day).
Remaining Monies. Upon termination of this Trust, any and all monies remaining in the Fund after the payment of all unpaid claims and/or insurance premiums and other expenses and obligations of the Trust shall be paid or used for the continuance of one or more of the benefits of the character hereinabove contemplated, until such monies have been exhausted.
Remaining Monies. If at the conclusion of the 180-day check cashing period set forth above, any funds remain from checks that are returned as undeliverable or are not negotiated, those monies shall be distributed as follows, subject to the Court’s approval:
a. If the total residual amount is less than $95,000, then the amount will revert to cy pres. The cy pres recipient shall be proposed by the parties and approved by the Court. The Parties propose Legal Aid at Work which provides legal services assisting low-income, working families and promotes better understanding of the conditions, policies, and institutions that affect the well-being of workers and their families and communities. The Settlement Administrator shall distribute any cy pres payment.
b. If the total residual amount is $95,000 or greater, a second distribution will occur to those Participating Individuals who cashed their Settlement Award check. The second distribution will occur on a pro rata basis as provided for in Paragraph 38. In the event of a redistribution of uncashed check funds to Participating Individuals who cashed their Settlement Award check, the additional settlement administration costs related to the redistribution will be deducted from the total amount of uncashed checks prior to the redistribution. If a check to a Participating Individual is returned to the Settlement Administrator as undeliverable during the second distribution, the Settlement Administrator shall promptly attempt to obtain a valid mailing address by performing a skip trace search and, if another address is identified, shall mail the check to the newly identified address. If none is found, then said check shall revert to the cy pres recipient. If there are uncashed check funds remaining from redistribution as described in this Paragraph, then the amount will revert to cy pres.
c. Within twenty-one (21) days after the distribution of any remaining monies to Participating Individuals who cashed their Settlement Award check or to the cy pres recipient, Plaintiffs will file a Post-Distribution Accounting. The Post-Distribution Accounting will set forth the total settlement fund, the total number of Settlement Class Members, the total number of Settlement Class Members to whom notice was sent and not returned as undeliverable, the number and percentage of opt-outs, the number and percentage of objections, the average and median recovery per Participating Individual, the largest and smallest amounts paid to Participating Indivi...
Remaining Monies. If at the conclusion of the 180-day check void period set forth above, there are any monies remaining in the Qualified Settlement Fund, and the remaining monies exceed $25,000.00 they shall be redistributed to Eligible Class Members who cashed their checks with the Settlement Administrator, on a pro rata basis relative to their Settlement Awards. If the remaining monies are less than $25,000.00, those monies shall be paid to the Parties’ agreed-upon cy pres recipient, The Community Justice Project, subject to the Court’s approval in the Final Approval Order.
Remaining Monies. If at the conclusion of the 180-day check void period set forth above, there are any monies remaining, no amount of Settlement Awards attributable to Eligible Class Members shall revert to Defendant TLT, and any amount of uncashed checks from Eligible Class Members as well as any interest earned by the Gross Settlement Amount shall be paid to the Parties’ agreed upon cy pres recipient, Philadelphia Legal Assistance, subject to the Court’s approval.
Remaining Monies. If at the conclusion of the 180-day check void period set forth above, there are any monies remaining, those monies shall be paid to the Parties’ agreed-upon cy pres recipient, Lone Star Legal Aid, subject to the Court’s approval in the Final Approval Order.
Remaining Monies. If at the conclusion of the Acceptance Period plus sixty (60) days, there are any monies remaining in the QSF from the Gross Settlement Amount as a result of uncashed Settlement Checks attributable to the Settlement Collective and Class, those funds shall be distributed to a non-profit cy pres recipient agreed upon by the Parties and approved by the Arbitrator in its Final Approval Order, unless such funds exceed $100,000, in which case the funds shall revert to Respondent in consideration of the fact that Respondent will receive no FLSA releases of claims from any person who does not cash or deposit their Settlement Check.
Remaining Monies. If the total amount paid by the Contractor to projects in the first year (2014) amount to less than then the remaining funds will be held in trust by the Contractor to be available for projects in the second year of the programme (2015). Any funds which remain unspent post December 2015 (the end of the programme period) will be returned to the Contractor within an agreed timeframe
Remaining Monies. Within twenty (20) days after the expiration of the time period to cash settlement checks, the Settlement Administrator shall notify counsel for all Parties the total amount of unclaimed funds. Any remaining funds shall remain the property of Defendant.
Remaining Monies. Upon termination of this Trust, any and all monies remaining in the Fund after the payment of all unpaid claims and/or insurance premiums and other expenses and obligations of the Trust shall be used for reduction of District taxes for the applicable budget year.
