Uncashed Distribution Checks definition

Uncashed Distribution Checks means any Distribution Check payable to a Settlement Class member that is not endorsed and presented to the financial institution or trust company in which the Naylor Settlement Account is established by the earlier of (a) the “Void Date” shown on the Distribution Check, or (b) ninety (90) days from the date when the Settlement Administrator mails the Distribution Check to the Settlement Class Member.
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Uncashed Distribution Checks means any Distribution Check payable to a Settlement Class member that is not endorsed and presented to the financial institution or trust company in which the ▇▇▇▇▇▇ Settlement Account is established by the earlier of (a) the “Void Date” shown on the Distribution Check, or (b) ninety (90) days from the date when the Settlement Administrator mails the Distribution Check to the Settlement Class Member.
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Uncashed Distribution Checks means any Distribution Check payable to a Class Member that is not endorsed and presented to the financial institution or trust company in which the ▇▇▇▇▇▇ Settlement Account is established within ninety (90) days after Judgment becomes Final and Non-Appealable. Uncashed Distribution Checks shall also include the Net Settlement Amount allocated to those Class Members who are in a suspense status in the distributing operator or other distributing entity's royalty distribution system (i.e., no actual Distribution Checks will issue to Class Members whose interests are being held in suspense); said funds shall remain in the ▇▇▇▇▇▇ Settlement Account pending an order from the Court.
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Related to Uncashed Distribution Checks

  • Cash Flow Distribution Amount As to any calendar month, the aggregate amount of principal distributable in respect of the Mortgage Securities in such calendar month.

  • Scheduled Distribution means, with respect to any Collateral Loan, for each Due Date, the scheduled payment of principal and/or interest and/or fees due on such Due Date with respect to such Collateral Loan.

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • Expected Distributions means, with respect to the Certificates of any Trust on any Current Distribution Date, the difference between (A) the Pool Balance of such Certificates as of the immediately preceding Distribution Date (or, if the Current Distribution Date is the first Distribution Date after the date of issuance of such Certificates, the original aggregate face amount of the Certificates of such Trust) and (B) the Pool Balance of such Certificates as of the Current Distribution Date calculated on the basis that (i) the principal of any Non-Performing Equipment Notes held in such Trust has been paid in full and such payments have been distributed to the holders of such Certificates, (ii) the principal of any Performing Equipment Notes held in such Trust has been paid when due (whether at stated maturity or upon prepayment or purchase or otherwise, but without giving effect to any Acceleration of Performing Equipment Notes) and such payments have been distributed to the holders of such Certificates and (iii) the principal of any Equipment Notes formerly held in such Trust that have been sold pursuant to the terms hereof has been paid in full and such payments have been distributed to the holders of such Certificates. For purposes of calculating Expected Distributions with respect to the Certificates of any Trust, any Premium paid on the Equipment Notes held in such Trust which has not been distributed to the Certificateholders of such Trust (other than such Premium or a portion thereof applied to the payment of interest in respect of the Certificates of such Trust or the reduction of the Pool Balance of such Trust) shall be added to the amount of such Expected Distributions.