Settlement Distribution Sample Clauses

Settlement Distribution. 1. Any Settlement Amounts held by the Claims Administrator shall be held in trust for the benefit of Class Members, the Public Litigation Funders, and Provincial Health Insurers, and after the Effective Date, shall only be paid in accordance with the provisions of this Settlement Agreement.
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Settlement Distribution. The Settlement Amount, or any part thereof, held by Class Counsel shall be held in the Account in trust for the benefit of Class Members who are Approved Claimants, and shall only be paid to Approved Claimants in accordance with the provisions of this Settlement Agreement or as otherwise authorized by the Court.
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Settlement Distribution. The Claims Administrator will arrange for Settlement Distributions in accordance with the following process.
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Settlement Distribution. The Net Settlement Fund shall be allocated to Settlement Class Members who timely and properly negotiate the Settlement Distribution Checks. Each Settlement Class Member shall receive his or her pro rata share of the Net Settlement Fund, calculated by dividing the number of workweeks between June 22, 2008 and February 20, 2011 (the “Class Period”) in which he/she worked overtime hours – according to the business records of the Defendants – by the total number of workweeks during the Class Period in which all Settlement Class Members worked overtime hours, adjusting for any applicable minimum wage requirements.
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Settlement Distribution. 70. A Settlement Class Member is eligible to receive a settlement payment (“Settlement Payment”) if the Settlement Class Member submitted a qualifying Claim, as defined by Paragraph 13. Not all Claims qualify for an award. In order for a Claimant to receive a Settlement Payment, a Claimant’s application must meet the race-neutral criteria of the Fund— for example, by adequately demonstrating losses related to COVID-19. The Settlement Administrator shall have sole discretion to determine whether a Claim qualifies for a Settlement Payment and to determine the amount of such Settlement Payment (if any). 71. Settlement Payments will be made via the method prescribed on the Settlement Class Member’s Claim. Should this method not allow for the successful deposit of any Settlement Payment, then the Settlement Administrator shall contact the Settlement Class Member, via the address identified in Paragraph 57, and obtain information permitting an alternative method of deposit. The Settlement Administrator shall make one and only one attempt to obtain updated information for the disbursement of a Claimant’s Settlement Payment. 72. Within 20 days of the State Defendants making a Settlement Payment, the Settlement Administrator shall mail a notice to the Settlement Class Member informing Settlement Class Member of the fact of such deposit. 73. If the Settlement Administrator is unable to obtain updated information for the disbursement of a Claimant’s Settlement Payment under those methods set forth in Paragraph 71, then that Claimant’s Settlement will be deemed an Unclaimed Settlement Payment and subject to disposition as set forth in Paragraph 74. 74. The total amount of any Unclaimed Settlement Payments shall be applied to the costs of Notice and settlement administration that have been incurred as of 150 days after the Effective Date. Any Unclaimed Settlement Payments remaining after payment of such costs will be returned to DAS; all eligible Claims having been fully funded as set forth under Paragraph 77, no cy pres recipients will be permitted under the terms of this Agreement.
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Settlement Distribution. As provided in paragraph H of the Settlement Agreement, 17 the Net Settlement Fund shall be defined as the Settlement Fund less (a) the cost of settlement 18 notice and administration, (b) the Attorneys’ Fees and Expenses Award, (c) Service Awards, and 19 (d) any Taxes.
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Settlement Distribution. The entire Settlement Amount (less attorneys’ fees and costs awarded by the District Court) will be distributed among all entities that are members of the Settlement Class (“Class Members”) and who timely submit a claim pursuant to the terms of this Settlement Agreement. A Class Member who timely submits a claim pursuant to the terms of this Settlement Agreement is a “Participating Class Member.” The Settlement Amount will be divided so that, to the extent possible and subject to the maximum distribution provision provided in subparagraph G below, Participating Class Members of approximately the same size and of similar lengths of years of coverage will receive the same amount. The following subparagraphs further describe the identification of Participating Class Members and how Blue Cross will calculate the size and length of years of coverage of each Participating Class Member. This distribution formula is largely based on the formula contained in the Plan of Action, which the Commissioner determined to be fair to Blue Cross fully insured groups.
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Settlement Distribution. Class Member settlement shares to Participating Class Members will be calculated pro rata based on the number of Workweeks worked in the Class Period. Aggrieved Employee settlement shares will be calculated pro rata based on the number of Workweeks worked in the PAGA Period. Class Member Payments shall be reported as follows: (i) 20% of the amount distributed to each Participating Class Member will be considered wages, and will be reported as such to each Participating Class Member on a W-2 Form; and (ii) 80% of the amount distributed to each Participating Class Member will be considered liquidated damages, interest and statutory penalties on the unpaid wages, and will be reported as such to each Participating Class Member on an IRS Form 1099. The PAGA payments distributed to each Aggrieved Employee will be considered penalties and will be reported on an IRS Form 1099. ECF’s portion of the payroll taxes are not part of the Settlement Fund and shall be paid by ECF separately.
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Settlement Distribution. 69. No later than 30 days after the Effective Date, Chase will mail a check to each eligible member of the Settlement Class reflecting (a) a Fee Reimbursement in the amount of all Fees and Surcharges, if any, paid by that person in relation to his or her Juror Debit Card or Fact Witness Debit Card, and (b) any Remaining Balance contained in his or her Juror Debit Card account or Fact Witness Debit Card account. All settlement checks shall be valid for 180 days, after which the checks shall no longer be negotiable and the amounts paid shall be subject to escheatment. 70. After mailing to Settlement Class Members the checks reflecting Fee Reimbursements and Remaining Balances, Chase will close Juror Debit Card accounts and Fact Witness Debit Card accounts for all Settlement Class Members and will cease to process transactions attempted with Juror Debit Cards or Fact Witness Debit Cards.
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Related to Settlement Distribution

  • Settlement Fund All payments under this Section IV shall be made into the Settlement Fund, except that, where specified, they shall be made into the Settlement Fund Escrow. The Settlement Fund shall be allocated and used only as specified in Section V.

  • Contract Distribution The Employer will provide all current and new employees with a link to the new Agreement. Each department or unit will maintain a paper copy of the contract accessible to all employees.

  • Settlement Payment If the resulting net amount is positive, it shall be payable by the Defaulting Party to the Non-Defaulting Party, and if it is negative, then the absolute value of such amount shall be payable by the Non-Defaulting Party to the Defaulting Party.

  • Final Distribution The Issuer shall give the Indenture Trustee at least 30 days written notice of the Payment Date on which the Noteholders of any Series, Class or Tranche may surrender their Notes for payment of the final distribution on and cancellation of such Notes. Not later than the fifth day of the month in which the final distribution in respect of such Series, Class or Tranche is payable to Noteholders, the Indenture Trustee shall provide notice to Noteholders of such Series, Class or Tranche specifying (i) the date upon which final payment of such Series, Class or Tranche will be made upon presentation and surrender of Notes of such Series, Class or Tranche at the office or offices therein designated, (ii) the amount of any such final payment and (iii) that the Record Date otherwise applicable to such payment date is not applicable, payments being made only upon presentation and surrender of such Notes at the office or offices therein specified (which, in the case of Bearer Notes, shall be outside the United States). The Indenture Trustee shall give such notice to the Note Registrar and the Paying Agent at the time such notice is given to Noteholders. (a) Notwithstanding a final distribution to the Noteholders of any Series, Class or Tranche of Notes (or the termination of the Issuer), except as otherwise provided in this paragraph, all funds then on deposit in any Issuer Account allocated to such Noteholders shall continue to be held in trust for the benefit of such Noteholders, and the Paying Agent or the Indenture Trustee shall pay such funds to such Noteholders upon surrender of their Notes, if certificated. In the event that all such Noteholders shall not surrender their Notes for cancellation within 6 months after the date specified in the notice from the Indenture Trustee described in paragraph (a), the Indenture Trustee shall give a second notice to the remaining such Noteholders to surrender their Notes for cancellation and receive the final distribution with respect thereto (which surrender and payment, in the case of Bearer Notes, shall be outside the United States). If within one year after the second notice all such Notes shall not have been surrendered for cancellation, the Indenture Trustee may take appropriate steps, or may appoint an agent to take appropriate steps, to contact the remaining such Noteholders concerning surrender of their Notes, and the cost thereof shall be paid out of the funds in the Collection Account or any Supplemental Issuer Accounts held for the benefit of such Noteholders. The Indenture Trustee and the Paying Agent shall pay to the Issuer any monies held by them for the payment of principal or interest that remains unclaimed for two years. After payment to the Issuer, Noteholders entitled to the money must look to the Issuer for payment as general creditors unless an applicable abandoned property law designates another Person.

  • Primary Distribution Discount Notes shall be issued and settled through the Fed Book-Entry System in same-day funds and shall be held by designated Fed Participants. After initial issue, all Discount Notes shall continue to be held by such Fed Participants in the Fed Book-Entry System unless arrangements are made for the transfer thereof to other Fed Participants. Discount Notes shall not be exchangeable for definitive Discount Notes.

  • Award Distribution In the event Lessor accepts Lessee's offer to purchase the Leased Property, or to substitute a new property for the Leased Property, as described in clause (b) of Section 15.4, the entire Award shall belong to Lessee provided no event of default is continuing and Lessor agrees to assign to Lessee all of its rights thereto. In any other event, the entire Award shall belong to and be paid to Lessor, except that, if this Lease is terminated, and subject to the rights of the Facility Mortgagee, Lessee shall be entitled to receive from the Award, if and to the extent such Award specifically includes such items, the following: (a) A sum attributable to the Capital Additions for which Lessee would be entitled to reimbursement at the end of the Term pursuant to the provisions of Section 10.2(c) and the value, if any, of the leasehold interest of Lessee under this Lease; and (b) A sum attributable to Lessee's Personal Property and any reasonable removal and relocation costs included in the Award. If Lessee is required or elects to restore the Facility, Lessor agrees that, subject to the rights of the Facility Mortgagees, its portion of the Award shall be used for such restoration and it shall hold such portion of the Award in trust, for application to the cost of the restoration.

  • Qualified Settlement Fund The Administrator shall establish a settlement fund that meets the requirements of a Qualified Settlement Fund (“QSF”) under US Treasury Regulation section 468B-1.

  • Liquidating Distributions Notwithstanding anything to the contrary in this Article VII or in Section 8.3 of the Master Agreement, upon the sale of the Property or the dissolution and liquidation of the Series in accordance with the provisions of this Agreement and of Section 8.3 of the Master Agreement, the proceeds of liquidation of the Series or the sale of the Property will be distributed within ninety (90) days of the date of sale of the Property or the dissolution and liquidation in the following order and priority: (i) First, to creditors of the Series, including the Members who are creditors, to the extent otherwise permitted by law, in satisfaction (whether by payment or the making of reasonable provision for payment thereof) of all debts, liabilities, obligations and expenses of the Series, including, without limitation, the expenses incurred in connection with the liquidation of the Series; and (ii) Second, to the Members pro rata in proportion to their holdings of Shares, with such Distributions to be made by the end of the Fiscal Year during which the liquidation occurs (or, if later, ninety (90) days after the date of the liquidation).

  • Settlement Payments On the first Business Day of each month (“Interest Settlement Date”), Agent will advise each Lender by telephone, fax or telecopy of the amount of such Lender’s share of interest and fees on each of the Loans as of the end of the last day of the immediately preceding month. Provided that such Lender has made all payments required to be made by it under this Agreement, Agent will pay to such Lender, by wire transfer to such Lender’s account (as specified by such Lender on the signature page of this Agreement or the applicable Assignment and Acceptance Agreement, as amended by such Lender from time to time after the date hereof or in the applicable Assignment and Acceptance Agreement) not later than 3:00 p.m. Toronto time on the next Business Day following the Interest Settlement Date, such Lender’s share of interest and fees on each of the Loans. Such Lender’s share of interest on each Loan will be calculated for that Loan by adding together the Daily Interest Amounts for each calendar day of the prior month for that Loan and multiplying the total thereof by the Interest Ratio for that Loan. Such Lender’s share of the Unused Line Fee described in subsection 2.3(A) shall be an amount equal to (a)(i) such Lender’s average Revolving Loan Commitment during such month, less such Lender’s average Daily Loan Balance of the Revolving Loan for the preceding month, multiplied by (b) the percentage required by subsection 2.3(A). Such Lender’s share of all other fees paid to Agent for the benefit of Lenders hereunder shall be paid and calculated based on such Lender’s Commitment with respect to the Loans on which such fees are associated. To the extent Agent does not receive the total amount of any fee owing by Borrower under this Agreement, each amount payable by Agent to a Lender under this subsection 9.8(A)(4) with respect to such fee shall be reduced on a pro rata basis. Any funds disbursed or received by Agent pursuant to this Agreement, including, without limitation, under subsections 9.7, 9.8(A)(1), and 9.9, prior to the Settlement Date for such disbursement or payment shall be deemed advances or remittances by GE Canada Finance, in its capacity as a Lender, for purposes of calculating interest and fees pursuant to this subsection 9.8(A)(4).

  • Final Distributions Upon the winding up of the LLC, the assets must be distributed as follows: (a) to the LLC creditors; (b) to Members in satisfaction of liabilities for distributions; and (c) to Members first for the return of their contributions and secondly respecting their LLC interest, in the proportions in which the Members share in profits and losses.

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