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 Settlement Fund after all payments are made to Class Members as set forth in this Agreement.
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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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Examples of Cy Pres Fund in a sentence

  • Interest earned on the QSF, if any, shall be included in the Cy Pres Fund.

  • If any class member fails to cash their reimbursement check by the Expiration Date (i.e. within sixty (60) days from the mailing 22 of the checks) the funds shall flow into the Cy Pres Fund.


More Definitions of Cy Pres Fund

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 any amount remaining in the Damages Fund after the payments described in Section 11.5-11.8 below.
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Related to Cy Pres Fund

  • 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;

  • Administration Account As defined in Section 7.02.

  • 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.

  • Available Investor Principal Collections means with respect to any Monthly Period, an amount equal to (a) the Investor Principal Collections for such Monthly Period, minus (b) the amount of Reallocated Collateral Principal Collections and Reallocated Class B Principal Collections with respect to such Monthly Period which pursuant to Section 4.12 are required to fund the Class A Required Amount and the Class B Required Amount, plus (c) the amount of Shared Principal Collections with respect to Group One that are allocated to Series 1996-M in accordance with subsection 4.13(b).