Consumer Class definition
Examples of Consumer Class in a sentence
In addition, so long as any of the Recovery Bonds are outstanding, the Servicer shall provide the Issuer and the Indenture Trustee, within a reasonable time after written request therefor, any information available to the Servicer or reasonably obtainable by it that is necessary to calculate the Fixed Recovery Charges applicable to each FRC Consumer Class.
As provided in the Financing Order, PG&E will include an explanation of the Fixed Recovery Charge on each Consumer’s bill and may direct consumers to a website, hosted by PG&E, that presents Consumers with a table of the Fixed Recovery Charges for each FRC Consumer Class.
For example, if a Member of the TD Available Balance Consumer Class was assessed two Eligible TD Available Balance Consumer Overdraft Fees, totaling $70.00, and Plaintiffs’ expert determined a Fee Refund Percentage of 10% for the TD Available Balance Consumer Class, the distribution from the Net Settlement Fund to which that Member would be eligible (before any pro rata adjustments) would be $63.00 ($70.00 – ($70.00 * 10%)).
For example, the TD Available Balance Consumer Class shall be entitled to 77.6% of the Net Settlement Fund ($33,385,964/$43,000,000 = 77.6%).
Only Members of the TD Available Consumer Class, Usury Class and TD Available Balance Business Class are eligible to receive distributions from the Overdraft Forgiveness Amount.
To the extent the claims received are less than the Net Settlement Fund allocated to the TD Available Balance Consumer Class, the excess amount will be allocated pro rata to the Settlement Class Members who submit claims consistent with an agreed pro rata distribution that does not provide a windfall to Class Members.
As provided in the Financing Order, while SCE is implementing changes to its billing system, SCE will include an explanation of the Fixed Recovery Charge in the “Things You Should Know” portion of each Consumer’s ▇▇▇▇ and may direct consumers to a website, hosted by SCE, that presents Consumers with a table of the Fixed Recovery Charges for each FRC Consumer Class.
To the extent the portion of the Net Settlement Fund allocated to the TD Available Balance Consumer Class is not sufficient to make full payment for all Eligible TD Available Balance Consumer Overdraft Fees assessed to Settlement Class Members who submit timely and valid claims, it shall be distributed on a pro rata basis.
The Overdraft Forgiveness Amount allocations shall first be applied to the TD Available Balance Consumer Class and the TD Available Balance Business Class, followed by the Usury Class.
Any Member of the TD Available Balance Consumer Class who wishes to receive a distribution from the Net Settlement Fund must submit a Claim Form.