Settlement Payments to Settlement Class Members a. Settlement Class Members shall have until the Claims Deadline to submit Claim Forms. Each Settlement Class Member who submits an Approved Claim shall be entitled to a Settlement Payment.
Settlement Payments to Settlement Class Members a. The Settlement Administrator shall send each Settlement Class Member a Settlement Payment by check from the Settlement Fund within twenty-eight (28) days of the Effective Date via First Class U.S. Mail to their last known mailing address, as updated through the National Change of Address database if necessary by the Settlement Administrator. No claims procedure will be required.
Settlement Payments to Settlement Class Members a. Within twenty-eight (28) days of the Effective Date, or such other date as the Court may set, the Settlement Administrator shall send Settlement Payments from the Settlement Fund by check or electronic deposit, as elected by the Class Member. No claims procedure will be required.
Settlement Payments to Settlement Class Members. After the Effective Date, Settlement Payments shall be made from the Net Settlement Fund to Settlement Class Members who submit Valid Claims in accordance with the Plan of Allocation.
Settlement Payments to Settlement Class Members. (a) Settlement Class Members shall have until the Claims Deadline to submit a Claim Form. The Settlement Administrator shall have sole and final authority to determine if a Claim Form is an Approved Claim. Each Settlement Class Member who submits an Approved Claim shall be entitled to a payment of a pro rata share of their respective State-Specific Settlement Fund, after payment of Settlement Administration Expenses, the Fee Award, and any incentive award to that Settlement Class’s respective class representative.
Settlement Payments to Settlement Class Members. Except as provided in Scenario 1 (defined below), the entire Net Settlement Fund will be distributed as Settlement Payments to Settlement Class Members who submit Valid Claims.
Settlement Payments to Settlement Class Members. The entire Net Settlement Fund will initially be distributed to Settlement Class Members who submit Valid Claims and have not submitted a valid and timely request for exclusion (in accordance with § 5.2 below), as follows.
Settlement Payments to Settlement Class Members. After the Effective Date, Settlement Payments to Settlement Class Members shall be determined using the following steps:
Settlement Payments to Settlement Class Members. Each Settlement Class Member who made payments to Counter-Defendants that were allocated to amounts other than principal (“interest payments”) shall receive the amount of that payment. All other Settlement Class Members shall receive an equal share of the amount remaining in the Settlement Fund after interest payments, any service award, and administration costs are deducted. The parties shall cooperate to ensure that the Class Counsel has the data needed to calculate the Settlement Payment amounts. Class Counsel shall mail Settlement Payment checks by first class mail within 30 days after the Effective Date. Settlement Class Members will not be required to submit claims in order to receive a Settlement Payment. Checks will be valid for 120 days from the date on the check.
Settlement Payments to Settlement Class Members. Each Settlement Class Member with alleged damages for whom the Class Administrator has a deliverable address (which shall be determined based on whether the Postcard Notice is successfully delivered) shall be paid a single Settlement Payment. Class Counsel shall determine the manner in which the settlement funds shall be distributed to Settlement Class Members, subject to Court approval, and shall calculate each Settlement Class Member’s Settlement Payment amount and provide that amount to the Class Administrator within 15 days after the Effective Date. Settlement Payments shall be mailed by the Class Administrator within 30 days after the Effective Date. The Class Administrator shall mail, by first class mail, a check to each Settlement Class Member whose Postcard Notice was not returned undeliverable and who is entitled to a Settlement Payment. Settlement Class Members will not be required to submit claims in order to receive a Settlement Award. Checks will be valid for 90 days from the date on the check.
