Cy Pres Distribution definition

Cy Pres Distribution means monies that may be distributed in connection with the Settlement, pursuant to Section 7.04.f.

Cy Pres Distribution means monies that may be distributed in connection with the Settlement, pursuant to Section III.F of this Agreement.

Cy Pres Distribution means the money paid from the Settlement Fund to the Cy Pres recipient(s) as described in Section 7.3.

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.

• 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.

• 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.

• The Parties shall agree upon the proposed recipient(s) of the Cy Pres Distribution and shall submit a filing to the Court identifying such proposed recipient(s).

• To the extent monies remain in the Fund after 120 calendar days have passed from the date on the checks mailed to Settlement Class Members, and the remaining monies in the Fund would not allow for a second distribution of at least $5 to each Settlement Class Member after deducting the costs associated with such a distribution, such money remaining in the Fund will comprise the Cy Pres Distribution.

More Definitions of Cy Pres Distribution

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 distributed for uncashed or undeposited checks and only then if a second distribution to eligible Class Members is not feasible pursuant to Section 13.2 of this Agreement.

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.

Cy Pres Distribution means monies that may be distributed in connection with the Settlement Agreement pursuant to Section 7.04.e.

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.

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

Cy Pres Distribution means the residual from the Settlement Fund which may be distributed pursuant to Section III.G.3 of this Agreement.

Cy Pres Distribution has the meaning set forth in Section 5.13 of this Agreement.