Examples of Cy Pres Recipients in a sentence
Pay any remaining amounts in the Settlement Fund to the Cy Pres Recipient(s).
If a second distribution is not administratively feasible, or if any amounts remain in the Settlement Fund after the second distribution, the Class Administrator will pay any such funds to the Cy Pres Recipient(s) approved by the Court.
Any funds from checks not cashed within that ninety (90) calendar day period or funds from checks returned as undeliverable shall be returned to the Net Settlement Fund and distributed to the Cy Pres Recipients, as described in greater detail below in Section 2.4. Additionally, if an Authorized Claimant who elects payment by ACH fails to provide sufficient or correct information to permit payment to an account, the amount of that failed payment shall revert to the Net Settlement Fund.
For the sake of clarity, this payment into the escrow account will exclude any amounts for payment of Class Counsel’s Fees and Costs, Plaintiffs’ Incentive Awards, and the claims of Authorized Claimants, and/or the distributions to Cy Pres Recipients described in Section 2.3 and Section 2.4.
Each Authorized Claimant, subject to the limitations stated below regarding proration of claims or distribution to the Cy Pres Recipients, is entitled to a one-time cash payment equal to ten dollars ($10).