Cy Pres Distribution definition

Cy Pres Distribution means monies that may be distributed in connection with the Settlement, pursuant to Section III.F of this Agreement.
Sample 1Sample 2Sample 3
Cy Pres Distribution means the money paid from the Settlement Fund to the Cy Pres recipient(s) as described in Section 7.3.
Sample 1Sample 2Sample 3
Cy Pres Distribution means a distribution to a non-profit organization of any remaining balance of the Settlement Fund after the Bank and the Settlement Administrator have made all other distributions from the Settlement Fund in accordance with the terms of this Agreement.
Sample 1Sample 2

Examples of Cy Pres Distribution in a sentence

  • The Cy Pres Distribution shall be made equally among the recipients designated by the Parties, subject to approval by the Court.

  • I agree, it is the first published study coupling a 3D earth with an ice sheet model, but not the first study published in coupling a solid-earth time-domain code with an ice-sheet model, as it was published by Konrad et al.

  • Once Redistribution is no longer economically feasible, the remaining amounts shall be distributed as part of the Cy Pres Distribution.

  • Recipient(s)” means the party or parties mutually agreed to by the Plaintiffs and Defendants, and approved by the Court, that will receive the Cy Pres Distribution.

  • Cy Pres Distribution Is Widely Recognized as the Best Approach to Dealing With Class Action Funds that Cannot Reasonably Be Distributed Directly to Class Members.

  • The Cy Pres Distribution shall be made 60 days after completion of the distribution of settlement award payments or, if necessary, after all Redistributions have been exhausted, whichever is later.

  • The Cy Pres Distribution shall be made 60 calendar days after the last day for Settlement Class Members to cash their Settlement Awards, subject to the terms above.

  • The Cy Pres Distribution, if any, shall be made no later than three hundred sixty-five (365) days following the Effective Date.

  • To the extent a second distribution is made to Settlement Class Members, any remaining monies in the Fund after 120 calendar days have passed from the date on the checks will constitute the Cy Pres Distribution.

  • J., 24, 25 (2013); see also Robert Draba, Motorsports Merchandise: A Cy Pres Distribution Not Quite “As Near As Possible,” 16 Loy.


More Definitions of Cy Pres Distribution

Cy Pres Distribution means monies that may be distributed in connection with the Settlement Agreement pursuant to Section 7.04.e.
Sample 1Sample 2
Cy Pres Distribution means monies that may be distributed in connection with the Settlement pursuant to Section 13.3 of this Agreement. Cy Pres will only be
Sample 1Sample 2
Cy Pres Distribution means monies that may be distributed in connection with the Settlement pursuant to Section 12.C of this Agreement. Cy Pres will only be distributed for uncashed or un-deposited checks and only if a second distribution to those Settlement Class Members who submitted Approved Claim Forms is not feasible pursuant to Section 12.B of this Agreement, or if there is any money remaining in the Settlement Fund after a second distribution.
Sample 1Sample 2
Cy Pres Distribution means monies that may be distributed from the Settlement Fund if any such monies remain in the Settlement Fund after payment of Settlement Administration Costs, Fee Award, Service Award, and Cash Awards, pursuant to Section III.E.
Sample 1
Cy Pres Distribution has the meaning set forth in Section 5.13 of this Agreement.
Sample 1
Cy Pres Distribution means monies that may be distributed in connection with the Settlement pursuant to Section 12.3 of this Agreement. Cy Pres will only be distributed for uncashed or undeposited checks and only then if a second distribution to those eligible Settlement Class Members is not feasible pursuant to Section 12.3 of this Agreement.
Sample 1

Related to Cy Pres Distribution

  • Class Distribution Amount As to each Combinable Class and Distribution Date, an amount equal to the distribution of principal and/or interest on such Distribution Date in respect of the Related REMIC Class multiplied by a fraction the numerator of which is equal to the Aggregate Denomination of such Class at the close of business on the related Record Date and the denominator of which is the original principal amount of the Related REMIC Class having the same letter designation. As to each RCR Class, the sum of (i) the Class Interest Distribution Amount for such Class and (ii) the Class Principal Distribution amount for such Class.

  • Class Prepayment Distribution Trigger For a Class of Subordinate Certificates for any Distribution Date, the Class Prepayment Distribution Trigger is satisfied if the fraction (expressed as a percentage), the numerator of which is the aggregate Current Principal Amount of such Class and each Class of Subordinate Certificates subordinate thereto, if any, and the denominator of which is the Scheduled Principal Balance of all of the Mortgage Loans as of the related Due Date, equals or exceeds such percentage calculated as of the Closing Date.

  • REMIC IV Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the Classes of REMIC IV Regular Interests; and

  • Class A-3 Final Distribution Date means the July 2029 Distribution Date.

  • REMIC I Distribution Amount For any Distribution Date, the REMIC I Available Distribution Amount shall be distributed to the REMIC I Regular Interests and the Class R-1 Residual Interest in the following amounts and priority:

  • REMIC III Distribution Amount The REMIC III Available Distribution Amount for any Distribution Date shall be distributed to the Certificates and the Class R-3 Residual Interest in the following amounts and priority:

  • Class IO Distribution Amount As defined in Section 5.07(f) hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Supplemental Interest Trust on such Distribution Date in excess of the amount payable on the Class IO Interest on such Distribution Date, all as further provided in Section 5.07(f) hereof.

  • Class B Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class B Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Principal Distribution Amount for that distribution date.

  • Class A Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class A Noteholders’ Interest Distribution Amount and the Class A Noteholders’ Principal Distribution Amount for that distribution date.

  • Pool Distribution Amount As of any Distribution Date, the funds eligible for distribution to the Holders of the Certificates on such Distribution Date, which shall be the sum of (i) all previously undistributed payments or other receipts on account of principal and interest on or in respect of the Mortgage Loans (including, without limitation, the proceeds of any repurchase of a Mortgage Loan by the Seller and any Substitution Principal Amount) received by the Master Servicer with respect to the applicable Remittance Date in the month of such Distribution Date and any Unscheduled Principal Receipts received by the Master Servicer on or prior to the Business Day preceding such Distribution Date, (ii) all Periodic Advances made by a Servicer pursuant to the related Servicing Agreement or Periodic Advances made by the Master Servicer or the Trustee pursuant to Section 3.03 and (iii) all other amounts required to be placed in the Certificate Account by the Servicer on or before the applicable Remittance Date or by the Master Servicer or the Trustee on or prior to the Distribution Date, but excluding the following:

  • Class A-4 Final Distribution Date means the January 2030 Distribution Date.

  • Initial Distribution means the distribution made to holders of Allowed Class C-4 Claims on the Distribution Date.

  • REMIC II Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the REMIC II Regular Interests; and

  • Regular Distribution Date Replacement Liquidity Facility", "Responsible Officer", "Scheduled Payment", "Special Payment", "S&P", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Trust Agreement", "Trustee", "Underwriters", "Underwriting Agreement", "United States" and "Written Notice".

  • Class B-5 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-5 Certificates pursuant to Paragraphs seventeenth, eighteenth, and nineteenth of Section 4.01(a).

  • Class B-4 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-4 Certificates pursuant to Paragraphs fourteenth, fifteenth, and sixteenth of Section 4.01(a).

  • Class B Final Distribution Date means the August 16, 2021 Distribution Date.

  • Lower-Tier REMIC Distribution Account The account or accounts created and maintained as a separate account (or separate sub-account within the same account as the Upper-Tier REMIC Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2020-GC46, Commercial Mortgage Pass-Through Certificates, Series 2020-GC46, and the Uncertificated VRR Interest Owner, Lower-Tier REMIC Distribution Account” and which must be an Eligible Account. The Lower-Tier REMIC Distribution Account shall be an asset of the Lower-Tier REMIC.

  • Prepayment Distribution Trigger With respect to any Distribution Date and any Class of Subordinate Certificates (other than the Class M-1 Certificates), a test that shall be satisfied if the fraction (expressed as a percentage) equal to the sum of the Certificate Principal Balances of such Class and each Class of Subordinate Certificates with a Lower Priority than such Class immediately prior to such Distribution Date divided by the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) immediately prior to such Distribution Date is greater than or equal to the sum of the related Initial Subordinate Class Percentages of such Classes of Subordinate Certificates.

  • Dissolution Distribution Amount means, in relation to each Certificate:

  • Lower-Tier Distribution Amount As defined in Section 5.02(a).

  • Interim Distribution Date means the date as soon as reasonably practicable after the Plan Implementation Date;

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • Final Distribution means any distribution made in redemption of all or a portion of the Up-MACRO Tradeable Shares pursuant to Section 5.2(b) on the earlier of the Final Scheduled Termination Date or an Early Termination Date.

  • Class B-6 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-6 Certificates pursuant to Paragraphs twentieth, twenty-first and twenty-second of Section 4.01(a).

  • Distribution box means a watertight component that receives effluent from a septic tank or other treatment unit and distributes effluent via gravity in approximately equal portions to two or more distribution laterals in the soil treatment area.