Examples of Approved Claims in a sentence
Approved Claims for Out-of-Pocket Losses and Alternative Cash Payments will be decreased pro rata in the event there are insufficient funds to pay all Approved Claims after payment of (a) notice and administration costs, (b) service award payments approved by the Court, and (c) attorneys’ fees and expenses awarded by the Court.
Approved Claims for Alternative Cash Payments will be increased pro rata to consume the remaining amount of the Settlement Fund after payment of (a) Approved Claims for Out-of-Pocket Losses, (b) notice and administration costs, (c) service award payments approved by the Court, and (d) attorneys’ fees and expenses awarded by the Court.
If this Settlement Agreement is terminated or otherwise does not become Final (e.g., disapproval by the Court or any appellate court) prior to the payment of Approved Claims, Systems East shall have no obligation to pay such claims and shall only be required to pay costs and expenses related to notice and administration that were already incurred.