Settlement Class Recovery definition

Settlement Class Recovery means the amount of the Settlement Fund available for distribution to the Settlement Class Members, after payment of Settlement Administration Expenses, any Fee Award for any Attorneys’ Fees and Costs, any Incentive Award, and any other expenditure as may be authorized by the Court.
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Settlement Class Recovery means the amount of the Settlement Fund available for distribution to Claimants after payment of Notice and Administrative Costs and any Court- approved Attorneys’ Fees and Expenses and Incentive Award.
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Settlement Class Recovery means the amount of the Settlement Fund
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Examples of Settlement Class Recovery in a sentence

  • Statement of Settlement Class Recovery Pursuant to the Settlement described herein, the Settlement Amount is $10 million.

  • Within thirty (30) days after the Effective Date, or such other date as the 11 Court may set, the Settlement Administrator shall pay Settlement Class Members their allocated 12 share of the Settlement Class Recovery with no requirement that they submit a claim.

  • Each 13 Settlement Class Member’s allocated share of the Settlement Class Recovery shall be calculated 14 pursuant to the methodology set forth in Section II.B above.

  • The actual allocation will be 24 adjusted in proportion to the actual Settlement Class Recovery, the final number of Settlement 25 Class Members, and other factors.

  • Each Settlement 21 Class Member’s estimated approximate allocated share of the Settlement Class Recovery, based 22 on a Settlement Class Recovery of Four Million Four Hundred Fifteen Thousand Two Hundred 23 and Eighty Dollars ($4,415,280), is set forth in the following chart.

  • If the Fee Award entered by the Court is less than that sought by Class Counsel, the difference will become part of the Settlement Class Recovery.

  • In no event shall undistributed Settlement Class Recovery funds revert to Defendant.

  • Within thirty (30) days after the last void date of all Settlement Class Recovery checks (both Initial Distributions and Second Distributions, if any) issued to Settlement Class Members, the Settlement Class Administrator will report to the Parties if there are any uncashed checks or unclaimed or undistributed amounts remaining in the Settlement Class Recovery.

  • Settlement Class Members submitting timely and valid Claim Forms and who do not opt out shall be paid a pro rata share per fax transmission of the Settlement Class Recovery in accordance with this Settlement Agreement for each unique facsimile number as set forth in section 5(d)(i).

  • The Settlement Class Administrator will administer the Net Settlement Fund and the Settlement Class Recovery for the benefit of the Settlement Class.


More Definitions of Settlement Class Recovery

Settlement Class Recovery means the amount of the Settlement Fund available for distribution to the Settlement Class Member claimants, after payment of Settlement Administration Expenses, the Fee Award to Class Counsel (together with litigation expenses) and any approved Service Award to the Class Representatives.
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Settlement Class Recovery means the amount of the Settlement Fund available for distribution to Settlement Class Members who submit claims, after payment of Settlement Administration Expenses, the Fee Award to Class Counsel (together with attorney expenses) and any approved Incentive Payment to the Class Representative.
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Settlement Class Recovery means the Injunctive Relief set forth in Section 4.1.1, the cash sum of $450 available for distribution to each Claimant, payment of Notice and Administrative Costs, and payment of any Court-approved Attorneys’ Fees and Expenses and Incentive Award.
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Related to Settlement Class Recovery

  • Settlement Class means, in respect of each Proceeding, the settlement class defined in Schedule A.

  • Settlement Classes means all Persons included in the Electrolytic Settlement Classes and the Film Settlement Classes.

  • Settlement Class Period means the period from and including January 1, 2000 through July 20, 2021.

  • Ontario Settlement Class means the settlement class in respect of the Ontario Action as defined in Schedule A.

  • Settlement Class Members means a member of a Settlement Class.

  • Settlement Class Counsel means and refers to Xxxxxxxx, Xxxxxxxxxx, & XxXxxxx, P.C.

  • Settlement Class Member means a member of a Settlement Class.

  • Class Prepayment Distribution Trigger For a Class of Subordinate Certificates for any Distribution Date, the Class Prepayment Distribution Trigger is satisfied if the fraction (expressed as a percentage), the numerator of which is the aggregate Current Principal Amount of such Class and each Class of Subordinate Certificates subordinate thereto, if any, and the denominator of which is the Scheduled Principal Balance of all of the Mortgage Loans as of the related Due Date, equals or exceeds such percentage calculated as of the Closing Date.

  • Subsequent Recovery Any amount recovered by a Servicer or the Master Servicer with respect to a Liquidated Mortgage Loan with respect to which a Realized Loss was incurred after the liquidation or disposition of such Mortgage Loan.

  • Non-Lead Securitization Determination Date means the “determination date” (or any term substantially similar thereto) as defined in the related Non-Lead Securitization Servicing Agreement.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Subsequent Recoveries As to any Distribution Date, with respect to a Liquidated Mortgage Loan that resulted in a Realized Loss in a prior calendar month, unexpected amounts received by the Master Servicer (net of any related expenses permitted to be reimbursed pursuant to Section 3.08) specifically related to such Liquidated Mortgage Loan.

  • Resettlement Action Plan or “RAP”, means a plan approved by the Association, to be prepared in accordance with the provisions of the RPF, setting forth principles and procedures governing land acquisition or other associated Project impacts, resettlement and compensation of Affected Persons, as well as reporting and monitoring arrangements to ensure compliance with the said plan, as the same may be amended from time to time with the agreement of the Association, and “Resettlement Action Plans” or “RAPs” shall mean such Resettlement Action Plans, collectively.

  • Final Shared-Loss Recovery Month means the calendar month in which the tenth anniversary of the Commencement Date occurs.

  • Supplemental Servicing Fees means any and all (i) late fees, (ii) extension fees, (iii) non-sufficient funds charges and (iv) any and all other administrative fees or similar charges allowed by applicable law with respect to any Receivable.

  • REMIC II Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) 50% of the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC II Remittance Rate for REMIC II Regular Interest AA minus the Marker Rate, divided by (b) 12.

  • REMIC 2 Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and related REO Properties then outstanding and (ii) the Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LTAA minus the Marker Rate, divided by (b) 12.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • REMIC I Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC I Remittance Rate for REMIC I Regular Interest I-LTAA minus the Marker Rate, divided by (b) 12.

  • Excess Servicing Fees With respect to each Mortgage Loan (including an REO Mortgage Loan), that portion of the Servicing Fee that accrues at a per annum rate equal to the Excess Servicing Fee Rate.

  • Class Interest Shortfall As to any Distribution Date and Class, the amount by which the amount described in clause (i) of the definition of Class Optimal Interest Distribution Amount for such Class exceeds the amount of interest actually distributed on such Class on such Distribution Date pursuant to such clause (i).

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Special Servicing Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.