Qualified Claim definition
Examples of Qualified Claim in a sentence
The Rams will pay an amount associated with the tier of the Class Member’s PSL in the Stadium for each Qualified Claim, as set forth below: There is a settlement cap, or limitation, on the settlement payments that the Rams may be required to pay to Class Members.
In the event that paying the amounts in the above chart would cause the total payout to the FANS Class or to the Rams Class to exceed $12,000,000.00, then the individual payment for each Qualified Claim in such class will be reduced on a pro rata basis such that the total pay-out to each Class will not exceed $12,000,000.00.
If the Claims Administrator determines that a claim is not a Qualified Claim because the Claim Form submitted by a Claimant is incomplete, and a new Claim Form is submitted within seven (7) business days of the notice described in Section III.B.4(2), the new Claim Form shall be considered timely submitted, regardless of any other provision of this Settlement Agreement.
If the Claims Administrator determines that a claim is not a Qualified Claim because the Claim Form as submitted is incomplete because one or more required inputs have not been filled in on the form, the Claims Administrator shall provide notice to the Claimant, Class Counsel, and Counsel for the Rams of the deficiency.
All fees and expenses, including attorneys’ fees or investigations, for pursuit of any recovery shall be charged to the appropriate Qualified Claim file as an allocated loss adjustment expense.