Examples of Claimants in a sentence
Eligible Claimants shall receive an initial payment of 70% of the Re-Plumb Calculation, and at the end of the Claim Period, the Eligible Claimants shall receive a second pro rata payment which, depending on the claim rate, shall make the total payment up to 80% of their Re-Plumb Calculation.
In the event that there are multiple Eligible Claimants who file a Claim Form relating to the same Qualifying Leak(s), the Settlement Administrator will determine the proportionate share of recovery based on the total amount allowed for such Claim based upon what each Eligible Claimant documented they paid out-of-pocket and for which they were not reimbursed.
All checks issued by the Settlement Administrator to Eligible Claimants shall remain valid for one hundred eighty (180) days.
Interest earned on monies in the Settlement Escrow Account shall accrue to the benefit of the Settlement Class and shall be available to pay Eligible Claimants; shall be credited toward the balance Bow is required to maintain in the Settlement Escrow Account; and shall revert to Bow in the event the settlement fund is not exhausted following the close of the Claim Period, and after all timely Claims have been determined and paid as set forth herein.
The Settlement Administrator may send check- cashing reminders to Eligible Claimants who have not yet cashed their check and may call Eligible Claimants to remind them to cash their checks.