Common use of Ongoing Claims Clause in Contracts

Ongoing Claims. Each Approved Ongoing Claimant shall be entitled to receive payment to be calculated in accordance with the ratios set forth in the Compensation Schedule. Provided, however, that no Approved Ongoing Claimant shall be paid more than an Approved Current Claimant with a similarly classified claim was paid. Any amounts left after initial payments are made to Approved Ongoing Claimants shall be paid to Approved Current Claimants and Approved Ongoing Claimants on a pro rata basis pursuant to Paragraph 1.5 of Exhibit D.

Appears in 2 contracts

Sources: Settlement Agreement, Settlement Agreement