Payment to Settlement Class Members. Each Settlement Class Member’s share of the Settlement Fund Amount, less applicable taxes, shall be paid to Settlement Class Members after the Effective Date has passed, as defined in the Settlement Agreement. In the event monies remain as residue in the Settlement Fund Amount following distribution, they will be distributed pursuant to Paragraphs 32 and 33 of the Settlement Agreement. No portion of or amount from the Settlement Fund Amount shall revert or be returned to the Settling Defendants.
Payment to Settlement Class Members. Each Settlement Class member shall be eligible to receive payment of the Individual Settlement Amount, which is a share of the Net Settlement Amount based on the distribution formula set forth in Section VI(7)(b), below.
Payment to Settlement Class Members. Distributions from the Settlement Fund shall be disbursed to Verified Claimants who submit a Verified Claim Form and successfully make one or more Verified Claims as members of the California Class or National Class pursuant to the terms of this Section.
Payment to Settlement Class Members. Each Settlement Class Member shall be eligible 14 to receive payment of the Individual Settlement Amount, which is a share of the Net Settlement 15 Amount based on the pro rata number of Workweeks allocated to a Settlement Class Member as a 16 proportion of all Workweeks allocated to all Settlement Class Members. The Individual Settlement 17 Amount for each Settlement Class Member shall be calculated in accordance with Section 6.2. Each 18 Settlement Class Member, including Plaintiff, shall be responsible for the payment of each of their 19 portion of applicable taxes, if any, and required withholding with respect to his or her Individual 20 Settlement Amount.
Payment to Settlement Class Members. (a) NRG shall establish the Settlement Fund within three (3) days of the Effective Date.
Payment to Settlement Class Members. Distributions from the Settlement Fund shall be disbursed to Verified Claimants.
Payment to Settlement Class Members. Decision One Borrowers will be entitled to claim $200 per loan against the Settlement Fund as set forth in Section 3.4(a)(iv) above. In the event that the amounts contained in the Settlement Fund are insufficient to pay $200 per loan per each valid claim, the Decision One Borrower’s claims are subject to proration as set forth in Section 3.4(d) below. If Mortgage Services owns and is actively servicing a Decision One Borrower’s loan(s) at the time claims are to be paid pursuant to the settlement, the Decision One Borrower shall be deemed to have presented a valid claim, and the Decision One Borrower’s share of the Settlement Fund shall be credited against the outstanding principal balance on his loan(s) within sixty (60) days after the Effective Date. Such Decision One Borrower credits will be applied whether or not the Decision One Borrower has submitted a claim form. If Mortgage Services does not own and actively service the loan(s) at the time claims are to be paid pursuant to the settlement, the Decision One Borrower will not be paid unless he or she has timely submitted a valid claim form. Such Decision One Borrower shall be paid within sixty (60) days after the Effective Date by check mailed to the address provided by the Decision One Borrower on the returned claim form (or to any later forwarding address provided by the Decision One Borrower to the Settlement Administrator). If checks distributed to Decision One Borrowers are not cashed within six months of the check issue date, such checks will not be re-issued and the money in question will be distributed instead pursuant to Sections 3.4(a)(v) and (vi) above.
Payment to Settlement Class Members. Each Settlement Class Member who timely returns a valid Claim Form (“Claimant”) shall receive a payment (“Settlement Payment”) equal to one hundred percent (100%) of the Documentary or Dealer Fee that was charged in connection with the lease-end transaction pursuant to a purchase option provision in his/her SmartLease Agreement. However, in the event the total amount due to Claimants plus Class Counsel’s attorney’s fees and costs and the Class Representative’s Incentive Award exceeds the value of the Settlement as set forth below in Paragraph 19, which is inclusive of Class Counsel’s attorneys’ fees and costs and the Class Representative’s Incentive Award, payment to Claimants will be on a pro rata basis.
Payment to Settlement Class Members. 26. Subject to Court approval, Named Plaintiffs shall receive an aggregate award not to exceed $50,000.00 for their services as class representatives in the Action (“Service Awards”). The Service Awards shall be in addition to the share to which the Named Plaintiffs are otherwise entitled as Settlement Class Members, and shall be payable from the Net Settlement Fund.
Payment to Settlement Class Members. The Settlement Collective Members who submit a notice to join shall be entitled to participate in the Settlement. Settlement Collective Members will be issued checks consistent with Section 8 of this Joint Stipulation.
