Class Member Payment definition

Class Member Payment means the amount the Settlement Administrator distributes from the Net Settlement Amount to each Settlement Class Member.

Class Member Payment means the monetary compensation that Defendants shall

Class Member Payment means the monetary compensation that Bosch Defendants shall pay eligible Class Members who do not opt out of the Class and who submit a Valid Claim, on the conditions set forth in Section 4 and Exhibit 2 and in the Mercedes Settlement. The Class Member Payment includes the Owner/Lessee Payment, Post- Announcement Owner/Lessee Payment, and Former Owner/Lessee Payment.

Examples of Class Member Payment in a sentence

• No later than sixty (60) days after the uncashed checks issued for Settlement Class Member Payments become void, any excess funds remaining from the Net Settlement Fund that have not been distributed in accordance with other provisions of this Settlement Agreement shall, if economically feasible, be distributed to the Settlement Class Members who successfully cashed checks or received their Settlement Class Member Payment as a credit.

• Payments to each Settlement Class Member will be distributed on a pro rata (a legal term meaning equal) basis and calculated as follows: (Net Settlement Fund divided by the Total Amount of Class Fees of Settlement Class Members) x (Total Amount of Class Fees [meaning overdraft fees covered by the Settlement that were assessed to your Account and not refunded] you as an individual Settlement Class Member were charged and paid in connection with the transactions at issue) = Settlement Class Member Payment.

• The Settlement Administrator will use the Class List to determine which Settlement Class Members are to receive their Settlement Class Member Payment via a credit to a Popular Bank deposit account.

• After 240 calendar days from the Effective Date, any excess funds remaining from the Settlement Amount that have not been distributed in accordance with other provisions of this Settlement Agreement shall, if economically feasible, be distributed to the Settlement Class Members who successfully cashed checks or received their Settlement Class Member Payment as a credit.

• Settlement Class Members are entitled to Settlement Class Member Payment distributed from the Net Settlement Fund on a proportionate basis based on the total amount of Incoming Wire Transfer Fees that were assessed to the Accounts of all Settlement Class Members during the Class Period.

More Definitions of Class Member Payment

Class Member Payment means the portion of the Net Settlement Amount that each Participating Class Member shall be entitled to receive from the Net Settlement Amount.

Class Member Payment means the amount the Settlement Administrator 1 distributes from the Net Settlement Amount to each 1681e(b) Settlement Class Member in the 2 Automatic Payment Group and to each 1681e(b) Settlement Class Member in the Claim Form Group who submits a valid and timely claim.

Class Member Payment shall be calculated by the Settlement Administrator as follows: the amount of the Estimated Net Settlement Fund divided by the total number of Class Members remaining after opt outs. For example, if the Estimated Net Settlement Fund is $53,000 and there are 16,000 Class Members (after opt outs), the Class Member Payment would be $3.31.

Class Member Payment means the potential reimbursements and/or payments

Class Member Payment means the portion of the Net Settlement Amount that each

Class Member Payment shall refer to the amount paid to a Settlement Class Member.

Class Member Payment means the distribution as described in Section III.1, to be paid from the Settlement Fund to each Settlement Class Member who does not request exclusion.