Authorized Claimants definition
Examples of Authorized Claimants in a sentence
The Administrator shall not make payments to Authorized Claimants whose pro rata entitlement under this Plan of Allocation is less than CAD$10.00.
The objective of this Distribution Protocol is to equitably distribute the Net Settlement Amount among Authorized Claimants in a manner analogous to the damages provisions of Part XXIII.1 of the Ontario Securities Act.
After payments have been made to Authorized Claimants, to Class Counsel for Class Counsel Fees, and to the Class Representative, and all other costs associated with the administration of this settlement have been paid or placed in appropriate escrow, any remaining funds will be exhausted through a distribution to Animal Outlook, plaintiff in the lawsuit captioned Animal Outlook ▇.
If the Common Fund is sufficient to allow such payments (and subject to the limitations described above (see Terms ¶ 4(a)-(e)) and subject to the further limitations and requirements set forth below), considering the number of Authorized Claims made, for each carton of the Products purchased during the Class Period, Authorized Claimants will receive a standardized payment of $2.00.
Such amounts shall instead be allocated pro rata to other Authorized Claimants in accordance with the “Final Distribution” section of this Plan of Allocation.