Settlement Class Member Payments. Of the $4,250,000.00 paid or credited into the Settlement Fund, $2,932,500 (69%) is allocated to the APPSN Fee Class and $1,317,500 (31%) is allocated to the Retry NSF Fee Class. If applicable, Settlement Class Members may receive payments as members of the APPSN Fee Class and the Retry NSF Fee Class. Based on this allocation, payments from the Net Settlement Fund to the Settlement Class Members shall be calculated as follows:
Settlement Class Member Payments. Settlement Class Members are entitled to Settlement Class Member Payment distributed from the Net Settlement Fund on a proportionate basis based on the total amount of Incoming Wire Transfer Fees that were assessed to the Accounts of all Settlement Class Members during the Class Period. Each Settlement Class Member will receive a share of the Net Settlement Fund proportionate to the total amount of Incoming Wire Transfer Fees that were assessed to his or her Account(s) during the Class Period.
Settlement Class Member Payments. 6.7.2.1. Within 14 calendar days after the Effective Date, Popular Bank shall determine whether the Class List needs to be updated with respect to which Settlement Class Members are Current Accountholders with Popular Bank and if necessary, will provide an updated Class List to the Settlement Administrator. The Settlement Administrator will use the Class List to determine which Settlement Class Members are to receive their Settlement Class Member Payment via a credit to a Popular Bank deposit account.
Settlement Class Member Payments. 6.7.2.1. Within 14 days after the Effective Date, BPPR shall determine whether the Class List needs to be updated with respect to which Settlement Class Members are Current Accountholders with BPPR and if necessary, will provide an updated Class List to the Settlement Administrator. The Settlement Administrator will use the Class List to determine which Settlement Class Members are to receive their Settlement Class Member Payment via a credit to a BPPR Account.
Settlement Class Member Payments. 6.6.2.1. Within seven (7) days after the Effective Date, BANA shall determine whether the Class List needs to be updated with respect to which Settlement Class Members are Current Accountholders with BANA as of the Effective Date, and if necessary, will provide an updated Class List to the Settlement Administrator. The Settlement Administrator will use the Class List to determine which Settlement Class Members are to receive their Settlement Class Member Payment via a credit to their BANA Account.
Settlement Class Member Payments. 135. In exchange for the mutual promises and covenants in this Settlement Agreement, including, without limitation, the Releases described in Section XI and occurrence of the Effective Date, AMM shall be responsible for paying the Settlement Amount, from which Settlement Class Member Payments shall be paid to the Settlement Class Members.
Settlement Class Member Payments. 73. As soon as practicable, but no later than sixty (60) days from the Effective Date, the Settlement Administrator will make the requisite distribution of Settlement Class Member Payments to the Settlement Class Members who submitted Qualified Claims, as calculated and otherwise determined by the Settlement Administrator in accordance with Section IX and this Section. To the extent an Overdraft Fee was not paid or was later refunded, the amount of any corresponding distribution may be reduced accordingly.
Settlement Class Member Payments. Each Settlement Class Member who does not elect to be excluded as set forth below in Paragraph 18 shall be eligible under this Agreement for a cash payment (the “Settlement Class Member Payment”) for each call that is covered under the settlement class definition set forth below in Paragraph 22 (an “Eligible Call”). Each Settlement Class Member Payment will be in an amount equal to the “Net Settlement Fund” divided by all Eligible Calls that were made to Settlement Class Members who timely and validly submit a claim as described below in Paragraph 3, up to a maximum of Five Thousand Dollars ($5,000) for each Eligible Call. “Net Settlement Fund” means the Settlement Fund less the amount of attorneys’ fees and costs awarded to Settlement Class Counsel, incentive awards awarded to Plaintiffs, and Settlement Administration Costs (as defined in Paragraph 9). Settlement Class Members who received multiple Eligible Calls are entitled to a Settlement Class Member Payment for each such Eligible Call to that Settlement Class Member and the Settlement Administrator may include all Settlement Class Member Payments for any such Settlement Class Member in a single settlement check.
Settlement Class Member Payments. Each Settlement Class Member who does not elect to be excluded as set forth below in Paragraph 18 shall be eligible under this Agreement for a cash payment (the “Settlement Class Member Payment”) for each call that was received between March 7, 2011 through May 7, 2014 that is covered under the settlement class definition
Settlement Class Member Payments. Of the $437,500.00 paid or credited into the Settlement Fund, all amounts other than the Service Award, fees paid to Class Counsel, and the amounts paid for Settlement Administrator’s Fees and Costs, the payments from the Net Settlement Fund to the Settlement Class Members shall be calculated as follows:
