Common use of Timing of Distributions to New Class Members and DHEPDS Class Clause in Contracts

Timing of Distributions to New Class Members and DHEPDS Class. After the Effective Date, distributions of the New Class Funds shall occur as soon as practicable, or in a timeframe ordered by the Court, consistently with the terms and conditions of this SA. After the Effective Date, a Final order approving the Distribution Model for the New Class is a condition precedent to distribution of any funds to the New Class Members, but does not affect the timing of any distribution to the DHEPDS Class. After the Effective Date, any order with respect to distribution of funds allocated to the DHEPDS Class is not a condition precedent to and does not affect the timing of any distribution to the New Class.

Appears in 4 contracts

Samples: Claims Settlement Agreement, Claims Settlement Agreement, Claims Settlement Agreement (Halliburton Co)

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