Common use of Residual Funds Clause in Contracts

Residual Funds. If any monies remain in the Qualified Settlement Fund more than one hundred twenty (120) days after the distribution of Settlement Payments, a subsequent payment will be distributed to a Non-Profit Residual Recipient subject to court approval.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

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Residual Funds. If any monies remain in the Qualified Settlement Fund more than one hundred twenty (120) days after the distribution of Settlement Payments, a subsequent payment will be distributed to a Non-Profit Residual Recipient to be proposed by Class Counsel and agreed by Xxxxxx, such approval not to be unreasonably withheld, and subject to court approval.

Appears in 2 contracts

Samples: Class Action Settlement Agreement, Class Action Settlement Agreement

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