Authority With Respect to Distribution of Funds and Review of Claims Operations Sample Clauses

Authority With Respect to Distribution of Funds and Review of Claims Operations. Subject to the approval and supervision of the District Court and as specified more fully in this Settlement Facility Agreement:
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Authority With Respect to Distribution of Funds and Review of Claims Operations. Subject to the approval and supervision of the District Court and as specified more fully in this Settlement Facility Agreement, the Finance Committee shall (1) select the Financial Advisor and any investment managers to oversee the investment of the assets paid to the Settlement Facility under the terms of the Funding Payment Agreement; (2) with the concurrence of the Financial Advisor (or, if the Financial Advisor declines to give such concurrence, upon order of the MDL 926 Court), provide directions to the Trustee with respect to investment and management of the assets paid to the Settlement Facility; (3) in accordance with the provisions of Section 7.01, conduct the analysis and projections necessary to determine the availability of funds for payment of all categories of Claims; (4) develop recommendations for submission to the District Court regarding the release of funds payable from the Settlement Fund and the Litigation Fund, as specified at Article VII herein; (5) review proposed settlements of Non-Settling Personal Injury Claims to determine the adequacy of funds for payments of such Claims and to assure processing, litigation and resolution of Non-Settling Personal Injury Claims within the allotted Litigation Fund; (6) develop recommendations for submission to the District Court regarding the necessity for deferrals or reductions in Claim payments; (7) as specified herein, direct the paying agent to disburse payments for Allowed Claims or for other purposes approved in accordance with this Settlement Facility Agreement; and (8) recommend and establish salaries, benefits, fees and expenses of the Settlement Facility and Litigation Facility, as specified at Section 7.03(e). The Finance Committee shall receive all reports and audits regarding Claims resolution in the Settlement Facility and the Litigation Facility, including results of quality control reviews and appeals, and may request and arrange for any additional reports or reviews.
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