Examples of Quebec Settlement Class Members in a sentence
Quebec Settlement Class Members who opt out of the Proposed Settlement will remain bound by the Prior Settlements and the releases given to other parties in those settlements, and will be entitled to share in the proceeds that may become available to merchants as part of those settlements.
Quebec Settlement Class Members who opt out will not be bound by the Proposed Settlement or the release in that settlement, but will also not be entitled to share in any of the proceeds that will become available to merchants as part of that settlement.
As a result, cheques paid to Quebec Settlement Class Members under the Settlement will be subject to a 2% deduction.
In practice, Quebec Settlement Class Members have an opportunity to opt out in connection with each round of settlement approval, whereas other Settlement Class Members in the rest of Canada are given a single opportunity to elect whether to opt out or not.
As noted below, Quebec Settlement Class Members have different participation options.
The only Settlement Class Members who can elect to opt out at this time are: • Quebec Settlement Class Members; and • Persons who only began accepting Visa and/or Mastercard credit cards after May 31, 2018 (the “New Merchants”).
Quebec Settlement Class Members are Quebec resident persons and partnerships who accepted Visa and/or Mastercard credit cards as payment for goods or services and incurred merchant discount fees, including interchange fees, at any time since March 23, 2001.
Quebec Settlement Class Members who do not opt out will be bound by the Proposed Settlement and the release in same, and will be entitled to share in the proceeds that will become available to merchants as part of that settlement.
The deadline for Quebec Settlement Class Members and New Merchants to opt out is ●, 2020.
Any legal persons established for a private interest and any partnership resident in Quebec, which at any time between December 17, 2009 and December 17, 2010 had under its direction or control more than 50 persons bound to it by contract of employment, and any legal persons established for a public interest resident in Quebec are not Quebec Settlement Class Members, but are Settlement Class Members in Ontario.