Common use of Claims Administrator Clause in Contracts

Claims Administrator. 5.1. Pursuant to the Preliminary Approval Order and subject to Court approval, Bond- holder Plaintiffs’ Counsel shall engage a Claims Administrator. 5.2. The Claims Administrator shall, under the direction of the Court and/or Bondholder Plaintiffs’ Counsel, take all steps reasonably necessary to effectuate the notice plan approved by order(s) of the Court, assist in the development of the Distribution Plan, assist in the identification of Bondholder Class Members, administer and calculate the claims submitted by Bondholder Class Members, oversee distribution of the Net Settlement Fund to Authorized Claimants in accordance with the Distribution Plan, and perform such other tasks and duties as directed by the Court and/or Bondholder Plaintiffs’ Counsel to effectuate this Agreement (collectively, “Claims Administra- tion”).

Claims Administrator. 5.1. Pursuant to the Preliminary Approval Order and subject to Court approval, Bond- holder Bondholder Plaintiffs’ Counsel shall engage a the Claims Administrator. 5.2. The Claims Administrator shall, under the direction of the Court and/or Bondholder Plaintiffs’ Counsel, take all steps reasonably necessary to effectuate the notice plan approved by order(s) of the Court, assist in the development of the Distribution Plan, assist in the identification of Bondholder Class Members, administer and calculate the claims submitted by Bondholder Class Members, oversee distribution of the Net Settlement Fund to Authorized Claimants in accordance with the Distribution Plan, and perform such other tasks and duties as directed by the Court and/or Bondholder Plaintiffs’ Counsel to effectuate this Agreement (collectively, “Claims Administra- tionAdministration”).

Claims Administrator. 5.1. Pursuant to the Preliminary Approval Order and subject to Court approval, Bond- holder Bondholder Plaintiffs’ Counsel shall engage a the Claims Administrator. 5.2. The Claims Administrator shall, under the direction of the Court and/or Bondholder Plaintiffs’ Counsel, take all steps reasonably necessary to effectuate the notice plan approved by order(s) of the Court, assist in the development further refinement and implementation of the Distribution Plan, assist in the identification of Bondholder Class Members, administer and calculate the claims submitted by Bondholder Class Members, oversee distribution of distribute the Net Settlement Fund to Authorized Claimants in accordance with the Distribution Plan, and perform such other tasks and duties as directed by the Court and/or Bondholder Plaintiffs’ Counsel to effectuate this Agreement (collectively, “Claims Administra- tionAdministration”).