Residual Funds definition

Residual Funds means funds that remain after the pay- ment of all approved class member claims, expenses, litigation costs, attorney fees, and other court−approved disbursements in an action under this section.

Residual Funds means any funds that remain in the Qualified Settlement Fund after settlement payments have been distributed and the time for cashing and/or redeeming Settlement Payments has expired. The Residual Funds will be sent to one or more Non-Profit Residual Recipient.

Residual Funds means funds that remain after the payment of all approved class member claims, expenses, litigation costs, attorney fees and other court-approved disbursements in an action under this section.

Examples of Residual Funds in a sentence

• In the event the Net Settlement Fund exceeds the Approved Claims for Settlement Benefits (i.e., Credit Monitoring Services, Out-of-Pocket Losses, Lost Time, and Alternative Cash Payments), then the Residual Funds shall be paid in accordance with the terms of the Settlement Agreement.

• If the remaining Net Settlement Funds exceed the total amount of Approved Claims the Settlement Administrator shall pay the Settlement Benefits for all Approved Claims and disburse any Residual Funds in accordance with the provisions herein.

• If the Net Settlement Fund exceeds the total amount of Approved Claims for Settlement Benefits, Class Counsel and Pinnacle shall, by agreement, instruct the Settlement Administrator to disburse the remaining Residual Funds in any of the following manners.

• For any Settlement Payment that is not claimed, not timely cashed or deposited, or returned to the Settlement Administrator as undeliverable, these funds shall be distributed by the Claims Administrator as Residual Funds pursuant to the terms and conditions set forth in this Settlement Agreement.

• One hundred percent (100%) of the Residual Funds shall be disbursed to the Legal Foundation of Washington.

More Definitions of Residual Funds

Residual Funds means Direct Service Worker Reimbursement Rate funds that are to compensate and pay required tax and other withholdings (state and/or federal) for Participant’s DSW/employee, that are retained and not spent by the Participant during the term of the Agreement. Participant may utilize such Residual Funds pursuant to the following:

Residual Funds means any funds held at the date of the completion of the Programme] [RPI means the specific index as published by the Office for National Statistics on a monthly basis for RPIX, failing such publication or in the event of a fundamental change to the index, such other index as the parties may agree, or such adjustments to the index as the parties may agree (in each case with the intention of putting the parties in no better nor worse position than they would have been had the index not ceased to be published or the relevant fundamental change not been made) or in the event that no such agreement is reached, as may be determined in accordance with the Dispute Resolution Procedure.] Tariff Contribution means the sum to be levied on each new development with the boundaries of the Borough Councils and paid by the developer responsible for such development to Gravesham or Dartford (as the case may be).

Residual Funds shall refer to all proceeds remaining in the Net Settlement Fund following the initial Cash Award distributions provided for in Section VI(b), infra.

Residual Funds. As defined in Section 3.12(c) hereof.

Residual Funds means all unclaimed funds, including uncashed checks or other unclaimed payments, that remain in a common fund created in a class action after court- approved payments are made for the following:

Residual Funds means any portion of the Settlement Fund that remains after distributions are made to individual Settlement Class Members.

Residual Funds means cash surplus on hand in a sponsored research project account at the University remaining after (i) completion of all deliverables required under an award; (ii) Full Sponsor Payment (as defined above) to the Institution; (iii), after applying and posting all associated costs and cash received in fulfilling the requirements of the award to a sponsored research account; and (iv) recovering all indirect costs otherwise due to the University.