Common use of Joint Checks Clause in Contracts

Joint Checks. Where Class members own real estate interests jointly or commonly as set forth in Exhibits 1 through 136 in the Appendices to Plaintiffs’ Motion for Class Certification, the checks making distributions pursuant to Paragraph 18(c) shall be made payable to such Class members jointly. Any Class member who is unable to cash a distribution check as issued may request to have the check reissued in a different manner or name so long as any joint payee agrees or as the Court orders. If any such check is so reissued, Class counsel may stop payment on the original check and shall have no other obligation to make any other or any further payment. If any dispute exists over whether a check should be reissued, the Class member may seek an Order from the Court directing the manner in which such distribution shall occur, but any such request shall be invalid unless made less than six (6) months after the date of issuance of the original check.