Examples of Settlement Payment Recipients in a sentence
The Net Settlement Fund will be disbursed by the Claims Administrator to the Settlement Payment Recipients and will be allocated amongst the Settlement Payment Recipients as follows.
Distributions will be made to Settlement Payment Recipients after all claims have been processed and the Court has finally approved the Settlement.
At the Closing, J.Crew, on behalf of itself and the Individual Defendants, deposited a one-time settlement payment of $10 million into the custody of a paying agent (the “Paying Agent”) for the subsequent disbursement to the Settlement Payment Recipients (the “Initial Settlement Payment”).
The Net Settlement Fund will be disbursed by the Claims Administrator to the Settlement Payment Recipients and will be allocated on a pro rata, equal per-share basis amongst the Settlement Payment Recipients.
The Recognized Claim formula is the basis upon which the Net Settlement Fund will be proportionately allocated to the Settlement Payment Recipients.