Potential Settlement Class Member definition
Examples of Potential Settlement Class Member in a sentence
Any Exclusion Letter shall identify the Potential Settlement Class Member, state that the Potential Settlement Class Member wishes to be excluded from the Agreement, and shall be signed and dated.
Any Potential Settlement Class Member who does not return an opt-out election in accordance with the provisions of this Paragraph 9 shall be deemed a member of the Settlement Class.
Any Potential Settlement Class Member who elects to opt out of the Settlement and, prior to the Settlement Effective Date, sells, transfers, assigns or otherwise conveys his, hers or its shares of MPI Preferred Stock, shall not be entitled to receive the Settlement Consideration and his, hers or its shares of MPI Preferred Stock shall not be deemed to be Opt-Out Shares.
Any Potential Settlement Class Member who does not return an opt-out election meeting the requirements of this Section 4.3 on or prior to the Final Opt-Out Date shall be deemed a member of the Settlement Class and shall be bound by, and subject to, the terms and conditions of this Stipulation, the Settlement and all court orders affecting the Settlement Class.
Promptly after the Record Date, MPI shall cause the Settlement Notice to be sent to the Plaintiff, each Potential Settlement Class Member, and each MPI Common Stockholder as of the Record Date in the manner directed and approved by the Court.
The Exclusion Letter shall be signed and 17 dated by the Potential Settlement Class Member or by an individual or entity with the authority 18 to bind the Potential Settlement Class Member.
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Any Exclusion Letter shall: identify the Potential Settlement Class Member; state the name, address, and telephone number of the Potential Settlement Class Member; state that the Potential Settlement Class Member wishes to be excluded from the Agreement; and be signed and dated by the Potential Settlement Class Member or by an individual or entity with the authority to bind the Potential Settlement Class Member.
A Potential Settlement Class Member who submits a request for exclusion is not an Authorized Claimant and will not receive a distribution from the Net Settlement Fund.
A single written request for exclusion submitted on behalf of more than one Potential Settlement Class Member will be deemed invalid; provided, however, that an exclusion received from one Settlement Class Member will be deemed and construed as a request for exclusion by all co-account holders.