Balance Remaining in Net Settlement Fund. If there is any balance remaining in the Net Settlement Fund (whether by reason of tax refunds, uncashed checks or otherwise), Class Counsel may reallocate such balance among Authorized Claimants in an equitable and economic fashion, distribute remaining funds through cy pres, or allow the money to escheat to federal or state governments, subject to Court approval. Except as provided in ¶ 35, in no event shall the Net Settlement Fund revert to Defendant.
Appears in 2 contracts
Samples: Settlement Agreement (Momenta Pharmaceuticals Inc), Settlement Agreement
Balance Remaining in Net Settlement Fund. If there is any balance remaining in the Net Settlement Fund (whether by reason of tax refunds, uncashed checks checks, or otherwise), Class Counsel may reallocate shall distribute such balance among Authorized Claimants consistent with the Distribution Plan set forth in an equitable and economic fashion, distribute remaining funds through cy pres, or allow the money to escheat to federal or state governments, subject to Court approval. Except as provided in ¶ 35, in no event shall the Net Settlement Fund revert to Defendant.Exhibit A.
Appears in 1 contract
Samples: Settlement Agreement
Balance Remaining in Net Settlement Fund. If after the Distribution Plan is executed there is any balance remaining in the Net Settlement Fund (whether by reason of tax refunds, uncashed checks or otherwise), Class Counsel may reallocate such a balance among Authorized Claimants in an equitable and economic fashion, distribute the remaining funds through cy pres, or allow the money to escheat to federal or state governments, subject to Court approval. Except as provided in ¶ 35, in no event shall the Net Settlement Fund revert to Defendant.or
Appears in 1 contract
Samples: Settlement Agreement (Kemet Corp)
Balance Remaining in Net Settlement Fund. If there is any balance remaining in the Net Settlement Fund (whether by reason of tax refunds, uncashed checks or otherwise), Class Counsel may reallocate such balance among Authorized Claimants in an equitable and economic fashion, distribute the remaining funds through cy pres, or allow the money to escheat to federal or state governments, subject to Court approval. Except as provided in ¶ 35, in In no event shall the Net Settlement Fund revert to DefendantShinyei.
Appears in 1 contract
Samples: Settlement Agreement
Balance Remaining in Net Settlement Fund. If there is any balance remaining in the Net Settlement Fund (whether by reason of tax refunds, uncashed checks or otherwise), Class Counsel may reallocate such balance among Authorized Claimants in an equitable and economic fashion, distribute the remaining funds through cy pres, or allow the money to escheat to federal or state governments, subject to Court approval. Except as provided in ¶ 35, in In no event shall the Net Settlement Fund revert to DefendantTaitsu.
Appears in 1 contract
Samples: Settlement Agreement