When Will I Receive My Distribution Sample Clauses
The "When Will I Receive My Distribution?" clause defines the timing and conditions under which a party will receive payments or distributions from a fund, trust, or similar entity. Typically, this clause outlines the schedule for distributions, such as quarterly or annual payments, and may specify any prerequisites that must be met before distributions are made, like the completion of audits or the achievement of certain financial milestones. Its core practical function is to provide recipients with clear expectations regarding the timing of their payments, thereby reducing uncertainty and potential disputes about when funds will be received.
When Will I Receive My Distribution. The timing of the distribution of the Net Settlement Amount is conditioned on several matters, including the Court’s final approval of the Settlement and that approval becoming final and no longer subject to any appeals in any court. An appeal of the final approval may take several years. If the Settlement is approved by the Court, and there are no appeals, the Settlement distribution likely will occur during the second half of 2021.
When Will I Receive My Distribution. The timing of the distribution of the Net Settlement Fund is conditioned on several matters, including the Court’s final approval of the Settlement and any approval becoming final and no longer subject to any appeals in any court. An appeal of the final approval order may take several years. If the Settlement is approved by the Court and there are no appeals, the Settlement distribution likely will occur within approximately six months of the Court’s Final Approval Order, unless there are unforeseen circumstances. There will be no payments under the Settlement if the Settlement Agreement is terminated.