Pro Rata Distribution. In the event that the aggregate value of all Approved Claims is less than the Net Settlement Fund, each Settlement Class Member that submitted an Approved Claim shall receive a proportional share of the amount of the Net Settlement Fund that exceeds the aggregate value of all Approved Claims based on the percentage of the Settlement Class Member’s Approved Claim as compared to the aggregate value of all Approved Claims.
Appears in 2 contracts
Sources: Class Action Settlement Agreement, Settlement Agreement