Cy Pres Fund definition

Cy Pres Fund is a fund administered by Class Counsel designated to hold any leftover funds under paragraph 7 in Section IX.F of this Settlement Agreement.
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Cy Pres Fund means the residual of the Class Fund after all payments set forth in this Agreement, and as described below.
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Cy Pres Fund means the residual of the Settlement Fund after all payments
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Examples of Cy Pres Fund in a sentence

  • The Cy Pres Fund was to be distributed in equal shares to cy-près beneficiaries designated by class counsel.

  • Three letters related to the Cy Pres Fund: one objector offered up organizations he had started as potential cy-près beneficiaries, id.

  • The funding for the Cy Pres Fund shall come from two sources: uncashed checks, as described in paragraph 7 above, and through a contribution from Defendants depending upon the Contribution Amount (the “CPF Portion”).

  • The Court found—for reasons similar to its findings that the Great Plains Claimants lacked a legal interest in the Cy Pres Fund and that the Keepseagles could not remove class representatives at this stageof proceedings—that Class Counsel’s proposed modification would not have such an effect.

  • Their purported economic injury was conjectural: “The Choctaw Movants have no existing involvement with the Cy Pres Fund.

  • This exemplifies the connection between the residency program and student outcomes, which is a noted strength of the proposal.- The proposal includes a clear goal associated with recruiting candidates of color for high needs teaching areas, and comprehensive set of strategies and milestones for achieving that outcome (e21).

  • In the event the Parties cannot agree on a beneficiary(-ies) of the Cy Pres Fund, the Special Master shall designate one or more such beneficiary(-ies).

  • The Agreement also provided that leftover funds, if any, would be distributed pursuant to a cy pres provision, which reads as follows:In the event there is a balance remaining in the Designated Account after the last check has been cashed, the last check has been invalidated due to passage of time, and after the passage of time set forth in paragraph 7 of Section IX.A, the Claims Administrator shall direct any leftover funds to the Cy Pres Fund.

  • In such event, the amounts associated with the Unclaimed Training Cost Settlement Checks shall be made part of the Cy Pres Fund and/or used to pay any unpaid Settlement Administration Expenses.

  • The proposed settlement obligates BAC to pay up to $5,000,000 to provide distributions of$28 to each approved class member, distributions of $5,000 each to Trombley and Sukaskas as class representatives, attorneys’ fees and costs, settlement costs, and a Cy Pres Fund.


More Definitions of Cy Pres Fund

Cy Pres Fund means any amount remaining in the Damages Fund after the payments described in Section 11.5-11.8 below.
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Cy Pres Fund means the residual of the settlement fund after all payments are made to class members and class counsel and representative plaintiffs, as set forth in this agreement, to be payable half to the Oregon State Bar, and half to the Oregon Consumer League. The cy pres fund includes any unclaimed funds or uncashed checks from the settlement.
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Cy Pres Fund means the remainder of the Common Fund after the distribution of: (1) the individual amounts to Class Members, (2) the Service Awards to
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Related to Cy Pres Fund

  • Automatic Investment Plan/Dividend Reinvestment Plan means a program in which regular purchases or sales are made automatically in or from investment accounts in accordance with a predetermined schedule and allocation, including dividend reinvestment plans.

  • Loan Fund means the special fund created by the RECIPIENT for the repayment of the principal of and interest on the loan. “Loan Security” means the mechanism by which the RECIPIENT pledges to repay the loan.

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Provident Fund means any fund (other than a pension fund, benefit fund or retirement annuity fund) which is approved by the Minister in respect of the year of assessment in question: Provided that the Minister may approve a fund subject to such limitations or conditions as he or she may determine, and shall not approve a fund in respect of any year of assessment unless he or she is in respect of that year of assessment satisfied -

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Special purpose spray adhesive means an aerosol adhesive that meets any of the following definitions:

  • Program fund means the program fund created under Section 53B-8a-107,

  • Automatic Investment Plan means a program in which regular periodic purchases (or withdrawals) are made automatically in (or from) investment accounts in accordance with a predetermined schedule and allocation. An Automatic Investment Plan includes a dividend reinvestment plan.

  • Investment pool means an entity created under the Texas Gov- ernment Code to invest public funds jointly on behalf of the entities that participate in the pool and whose investment objectives in or- der of priority are preservation and safety of principal, liquidity, and yield.

  • Administration Account As defined in Section 7.02.

  • Investment Account As defined in Section 3.12(a).

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Fund/SERV means NSCC’s Mutual Fund Settlement, Entry and Registration Verification System, a system for automated, centralized processing of mutual fund purchase and redemption orders, settlement, and account registration; “Networking” shall mean NSCC’s system that allows mutual funds and life insurance companies to exchange account level information electronically; and “Settling Bank” shall mean the entity appointed by the Trust or you, as applicable, to perform such settlement services on behalf of the Trust and you, as applicable, which entity agrees to abide by NSCC’s then current rules and procedures insofar as they relate to same day funds settlement. In all cases, processing and settlement of share transactions shall be done in a manner consistent with applicable law.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • Fund Custody Account means any of the accounts in the name of the Trust, which is provided for in Section 3.2 below.

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Excess Funding Account shall have the meaning specified in Section 4.02.

  • Public fund means the state treasurer or a retirement system.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Harbor Fund Van Xxxxxx Xxxrican Capital High Income Corporate Bond Fund ("High Income Corporate Bond Fund")

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.