Examples of Participating Class Member in a sentence
Each Party retains the right to respond to any objection raised by a Participating Class Member, including the right to file responsive documents in Court no later than five (5) court days prior to the Final Approval Hearing, or as otherwise ordered or accepted by the Court.
If you are a Class Member, you may: (1) do nothing, in which case you will deemed to be a Participating Class Member and you will be entitled to receive a share of the Net Settlement Amount following the Effective Date; (2) exclude yourself from the Settlement; (3) object to the Settlement; and/or (4) attend the Final Approval Hearing.
Every Class Member who does not submit a timely and valid Request for Exclusion is deemed to be a Participating Class Member under this Agreement, entitled to all benefits, and bound by all terms and conditions of the Settlement, including the Participating Class Members’ Releases under Section E.2. of this Agreement, regardless of whether the Participating Class Member receives the Class Notice or objects to the Settlement.
The Settlement Administrator will compute the settlement payment attributable to each Class Member by: (1) summing the total amount of rent paid by a Participating Class Member; (2) dividing that number by the total amount of rent paid by all Class Members; and (3) multiplying the resultant number by the Net Settlement Amount.
In other words, the mathematical formula is: Individual Class Payment = [total rent paid by Participating Class Member / total rent paid by all Class Members] x the Net Settlement Amount.