Common use of Second Distribution Clause in Contracts

Second Distribution. If, after the expiration date of the checks distributed pursuant to subparagraph i. above, there remains money in the Settlement Fund sufficient to pay at least $10 to each Settlement Class Member who received an electronic deposit or cashed his or her initial settlement check prior to the expiration date of such check, such remaining monies will be distributed on a pro rata basis to those Settlement Class Members (the “Second Distribution”). The Second Distribution shall be made within 90 days after the expiration date of the checks distributed pursuant to subparagraph i. above, and shall be paid in the same manner as the First Distribution. Checks issued pursuant to the Second Distribution will be valid for 120 days from the date on the check.

Appears in 4 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

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Second Distribution. If, after the expiration date of the checks distributed pursuant to subparagraph i. Section 12.1 above, there remains money in the Settlement Fund sufficient to pay at least ten dollars ($10 10.00) to each Settlement Class Member who received an electronic deposit or cashed was not a person who failed to cash his or her initial settlement check prior to the expiration date of such Settlement Award check, such remaining monies will be distributed on a pro rata basis to those Settlement Class Members (the “Second Distribution”)) via their previous selected method of receiving Settlement Awards. The Second Distribution shall be made within 90 ninety (90) days after the expiration date of the checks distributed pursuant to subparagraph i. Section 12.1 above, and shall be paid in the same manner as the First Distributionoriginal Settlement Award. Checks issued pursuant to the Second Distribution will be valid for 120 sixty (60) days from the date on the check.

Appears in 1 contract

Samples: Class Action Settlement Agreement

Second Distribution. If, after the expiration date of the checks distributed pursuant to subparagraph i. above, there remains money in the Settlement Fund sufficient to pay at least $10 to each Settlement Class Member who received an electronic deposit or cashed his or her initial settlement check prior to the expiration date of such check, such remaining monies will be distributed on a pro rata basis to those Settlement Class Members (the Second Distribution”). The Second Distribution shall be made within 90 days after the expiration date of the checks distributed pursuant to subparagraph i. above, and shall be paid in the same manner as the First Distribution. Checks issued pursuant to the Second Distribution will be valid for 120 days from the date on the check.

Appears in 1 contract

Samples: Settlement Agreement

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Second Distribution. If, after the expiration date of the checks distributed pursuant to subparagraph i. above, there remains money in the Settlement Fund sufficient to pay at least $10 to each Settlement Class Member who received an electronic deposit or cashed his or her initial settlement check prior to the expiration date of such check, such remaining monies will be distributed on a pro rata basis to those Settlement Class Members (the “Second Distribution”). The Second Distribution shall be made within 90 30 days after the expiration date of the checks distributed pursuant to subparagraph i. above, and shall be paid in the same manner as the First Distribution. Checks issued pursuant to the Second Distribution will be valid for 120 days from the date on the check.

Appears in 1 contract

Samples: Settlement Agreement

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