Remainder Funds means the funds, if any, that remain in the Settlement Fund after settlement payments for all Valid Claims (as defined below). The funds remaining in the Settlement Fund after settlement payments have been distributed and the time for cashing and/or depositing checks has expired will be Remainder Funds. The Remainder Funds will be sent to one or more court-approved charitable organizations as a cy pres distribution. The Parties will jointly recommend the entity or entities to the Court that will be the recipients of the cy pres distribution.
Remainder Funds means any funds that remain in the Settlement Fund after all deductions from the Settlement Fund and for Settlement Payments to Settlement Class Members. Often in class actions settlements, some number of class members submitting valid claims and who are then issued a settlement check fail to cash and/or deposit their settlement payments. The funds remaining in the Settlement Fund after settlement payments have been distributed and the time for cashing and/or depositing checks has expired will be Remainder Funds. The Remainder Funds will be sent to one or more court-approved charitable organizations as a cy pres distribution. The Parties will jointly recommend the entity or entities to the Court that will be the recipient(s) of the cy pres distribution.
Remainder Funds means the amount remaining in the Settlement Fund, if any, after subtracting Class Member Base Payment Amounts, Administrative Expenses, and the Attorneys’ Fees and Litigation Expenses, and Enhancement Payments approved by the Court, before reallocation as required in Section 6.7.
Examples of Remainder Funds in a sentence
Any Remainder Funds will be sent to Court- approved charitable organization(s) as a cy pres distribution.
More Definitions of Remainder Funds
Remainder Funds means any funds that remain in the Settlement Fund after all deductions from the Settlement Fund provided for in this agreement. Often in class actions settlements, some number of Class Members submitting valid claims and who are then issued a settlement check fail to cash and/or deposit their Settlement Payments. The funds remaining in the Settlement Fund after Settlement Payments have been distributed and the time for cashing and/or depositing checks has expired will be Remainder Funds. The Remainder Funds will be sent to one or more court-approved charitable organizations as a cy pres distribution. The Parties will jointly recommend the entity or entities to the Court that will be the recipient(s) of the cy pres distribution.
Remainder Funds means any funds that remain in the Settlement Fund after settlement payments for all Valid Claims (as defined below) have been distributed. The funds remaining in the Settlement Fund after settlement payments have been distributed and the time for cashing and/or depositing checks has expired will be Remainder Funds. The Settlement Administrator shall deposit the Remainder Funds, and all interest that has accrued thereon, to the State Controller’s Unclaimed Property Fund.
Remainder Funds means the funds, if any, that remain in the Settlement Fund after settlement payments for all Valid Claims (as defined below). The funds remaining in the Settlement Fund after settlement payments have been distributed and the time for cashing and/or depositing payments has expired will be Remainder Funds. The Remainder Funds will be sent to the unclaimed property fund for the state of jurisdiction of which that Class Member resides.
Remainder Funds has the meaning assigned to that term in subsection 2.9.1(b).
Remainder Funds means any funds leftover in the QSF resulting from
Remainder Funds means any funds that remain in the Settlement Fund after all deductions from the Settlement Fund and for settlement payments to Class Members and after a second round of pro rata distributions. The funds remaining in the Settlement Fund after settlement payments have been distributed, after a second round of distributions, and after the time for cashing and/or depositing checks has expired will be Remainder Funds. The Remainder Funds will be sent to Legal Aid of North Carolina as a cy pres distribution.
Remainder Funds means any funds that remain in the Settlement Fund after all deductions from the Settlement Fund and for settlement payments to Class Members. Often in class actions settlements, some number of class members submitting valid claims and who are then issued a settlement check fail to cash and/or deposit their settlement payments. The funds remaining in the Settlement Fund after settlement payments have been distributed and the time for cashing and/or depositing checks has expired will be Remainder Funds. The Remainder Funds will be pro rata distributed to valid claimants, then de minimis or otherwise remaining funds will be sent to one or more court-approved charitable organizations as a cy pres distribution. The Parties will jointly recommend the entity or entities to the Court that will be the recipients of the cy pres distribution.