Non-Reversionary definition

Non-Reversionary. Settlement. This is a “non-reversionary” settlement. Under no
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Non-Reversionary. Settlement. This is a “non-reversionary” settlement. Under 12 no circumstances will any portion of the Settlement Amount revert to Defendants. Final 13 Settlement Class Members will not have to make a claim to receive an Individual Settlement 14 Amount. Distributions, in the form of Individual Settlement Amounts, will be made directly to 15 each Final Settlement Class Member. The Settlement Administrator shall be responsible for 16 accurately and timely reporting any remittance obligations with respect to unclaimed funds as a 17 result of a Final Settlement Class Member not cashing an Individual Settlement Amount by the 18 check cashing deadline, as set forth in Paragraph 76 of this Agreement.
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Non-Reversionary. Settlement. This is a “non-reversionary” settlement. Under 5 no circumstances will any portion of the Settlement Amount revert to Defendant. Final Settlement 6 Class Members will not have to make a claim to receive an Individual Settlement Amount.
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Examples of Non-Reversionary in a sentence

  • Class Counsel will be solely responsible for distributing any service award to the named Plaintiffs from the All-In Non-Reversionary Fund.

  • If the cost of total Class Benefit, Administration Costs, Attorneys’ Fee and Expense Payment, and service awards exceeds the amount of the All-In Non-Reversionary Monetary Fund, Knix shall pay a Replenishment Amount not to exceed $600,000 to cover the cost of valid claims that would not otherwise be paid.

  • The All-In Non-Reversionary Monetary Fund shall be a nonreversionary common fund, no part of which shall revert to Knix.

  • The Settlement Administrator will hold the All-In Non-Reversionary Monetary Fund in escrow until such time as the Settlement Administrator is authorized to disseminate the funds pursuant to this Agreement, the Final Approval Order, or other order of the Court.

  • Benefit from the All-In Non-Reversionary Monetary Fund to Valid Claimants in accordance with Section 3.1.

  • Knix shall not be required to pay any amount above the All-In Non-Reversionary Monetary Fund other than for valid claims.

  • The Defendant will fund a Non-Reversionary Cash Settlement Fund in the amount of $9,000,000.00.

  • To the extent that the Class Counsel Fee Order directs that some or all of Class Counsel Fees shall be paid from the Reversionary Amount or Non-Reversionary Payments, the Claims Administrator shall pay such Class Counsel Fees to Class Counsel as directed by that Order from the Trust Accounts.

  • Establishment of Settlement Fund: Defendant will cause to be funded a Non-Reversionary Cash Settlement Fund to be administered by the Settlement Administrator in the amount of $9,000,000.00.


More Definitions of Non-Reversionary

Non-Reversionary means that none of the money in the Settlement Fund will be returned to Apple. Any money remaining in the Settlement Fund after the payments from the Net Settlement Fund to Settlement Class Members as well as payment of attorneys’ fees and costs, and incentive awards to the Class Representatives, will be distributed to one or more of the following organizations upon approval by the Court:
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