Valid Claimant definition
Examples of Valid Claimant in a sentence
Specifically, each Valid Claimant shall receive payment of their pro rata share, as determined by dividing the Net Settlement Fund by the number of Valid Claims.
Each Valid Claimant will receive a $5.30 refund for each of up to three pairs of Knix Products purchased during the Class Period that are reflected in Knix’s records, or for which they submit a valid proof of purchase together with the Claim Form, subject to Section 3.3.2. The maximum cash reimbursement available will be $15.90 per Valid Claimant.
If the Total Claim Amount is equal to or greater than $7,500,000.00, then the Settlement Account amount to be funded by American shall be equal to the Total Claim Amount, and the Refund for each Valid Claimant shall be equal to the amount of their respective At-Issue Baggage Fees.
If payment checks from the Settlement Fund are returned undeliverable or have not been cashed one hundred and twenty (120) days after the date appearing on the payment check, the Parties agree that the Settlement Administrator shall, within ten (10) days of expiration of that one hundred and twenty (120) day period, distribute the uncashed funds on a pro rata basis to each Valid Claimant who cashed an initial payment check.
The per-person payment to each Valid Claimant depends on certain unknown factors, including the number of Claim Forms submitted.
The per-person payment to each Valid Claimant depends on certain unknown factors, including the number of valid Claim Forms submitted.
If the Valid Claims do not exceed the common fund or a Valid Claimant does not deposit the Settlement Payment within 90 days of the issuance of the Settlement Payment, 75% of any remaining funds in the common fund will be retained by USB and 25% will be forwarded as a charitable donation to Tender Mercies and Cincinnati Zoo & Botanical Garden.
Any sum due to a Settlement Subclass Member who is also a Valid Claimant shall be paid by the Settlement Administrator in a single Case 3:15-cv-00258-HSG Document 49-1 Filed 11/04/15 Page 28 of 289 check from the Settlement Fund.
In the event that Claims submitted by Class Members who the Settlement Administrator determines are Valid Claimants exceed the total amount of the Class Fund, each Valid Claimant shall have a right to receive a pro rata distribution from the Class Fund.