Common use of Unclaimed Property Clause in Contracts

Unclaimed Property. No portion of the Settlement Fund shall revert or be repaid to Defendant after the Effective Date. To the extent any monies remain in the Net Settlement Fund more than 150 days after the distribution of Settlement payments to the Participating Settlement Class Members, or 30 days after all reissued Settlement Checks are no longer negotiable, whichever occurs later or as otherwise agreed to by the Parties, any remaining monies shall be distributed as required by state law or to the Non-Profit Residual Recipient.

Appears in 3 contracts

Samples: Class Action Settlement Agreement, Settlement Agreement, Settlement Agreement

AutoNDA by SimpleDocs

Unclaimed Property. No portion of the Settlement Fund shall revert or be repaid to Defendant after the Effective Date. To the extent any monies remain in the Net Settlement Fund more than 150 120 days after the distribution of Settlement payments Payments to the Participating Settlement Class Members, or 30 days after all reissued Settlement Checks are no longer negotiable, whichever occurs later or as otherwise agreed to by the Parties, any remaining monies shall be distributed as required by state law or paid to the Non-Profit Residual RecipientSt. Jude’s Children’s Research Hospital.

Appears in 1 contract

Samples: Settlement Agreement

Unclaimed Property. No portion of the Settlement Fund shall revert or be repaid to Payor or Defendant after the Effective Date, except in the event this Settlement Agreement is terminated, as described in Paragraph 86. To the extent any monies remain in the Net Settlement Fund more than 150 days after the distribution of Settlement payments to the Participating Settlement Class Members, or 30 days after all reissued Settlement Checks are no longer negotiable, whichever occurs later or as otherwise agreed to by the Parties, any remaining monies shall be distributed as required by state law or to the Non-Profit Residual Recipient.

Appears in 1 contract

Samples: Settlement Agreement

Unclaimed Property. No portion of the Settlement Fund shall revert or be repaid to Defendant Lower after the Effective Date. To the extent any monies remain in the Net Settlement Remainder Fund more than 150 one hundred and eighty (180) days after the distribution of Settlement payments Payments to the Participating Settlement Class Members, or 30 thirty (30) days after all reissued Settlement Checks Payments are no longer negotiable, whichever occurs later or as otherwise agreed to by the Parties, any remaining monies shall if necessary, the Remainder Funds will be distributed as required cy pres to a recipient to be proposed by state law or to the Non-Profit Residual Recipient.parties and approved by the Court..

Appears in 1 contract

Samples: Settlement Agreement

Unclaimed Property. No portion of the Settlement Fund shall revert or be repaid to Defendant Xxxxxxx after the Effective Date. To the extent any monies remain in the Net Residual Settlement Fund more than 150 days after the distribution of Settlement payments to the Participating Settlement Class Members, or 30 days after all reissued Settlement Checks are no longer negotiable, whichever occurs later or as otherwise agreed to by the Parties, any remaining monies shall be distributed as required by state law or to the Non-Profit Residual Recipient.

Appears in 1 contract

Samples: Settlement Agreement

AutoNDA by SimpleDocs

Unclaimed Property. No portion of the Settlement Fund shall revert or be repaid to Defendant after the Effective Date. To the extent any monies remain in the Net Settlement Fund more than 150 days after the distribution of Settlement payments to the Participating Settlement Class Members, or 30 days after all reissued Settlement Checks are no longer negotiable, whichever occurs later or as otherwise agreed to by the Parties, any Membersany remaining monies shall be distributed as required by state law or to the Non-Non- Profit Residual Recipient.

Appears in 1 contract

Samples: Settlement Agreement

Unclaimed Property. No portion of the Settlement Fund shall revert or be repaid to Defendant Defendants after the Effective Date. To the extent any monies remain in the Net Residual Settlement Fund more than 150 days after the distribution of Settlement payments Payments to the Participating Settlement Class Members, or 30 days after all reissued Settlement Checks are no longer negotiable, whichever occurs later or as otherwise agreed to by the Parties, any remaining monies shall be distributed as required by state law or to the Non-Profit Residual Recipient.

Appears in 1 contract

Samples: Settlement Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!