Common use of Remainder Clause in Contracts

Remainder. Any unclaimed portion of the Net Cash Fund after mailing of 7 Settlement Payments to Authorized Claimants and after any mailed Settlements are returned to 8 the Claims Administrator as undeliverable must be paid on an equal basis to the following non- 10 the payments specified to be used for a chair, professorship, fellowship, lectureship, seminar 11 series or similar funding, gift or donation program developed and coordinated between Provide 12 Commerce and the respective institutions (depending on the amount of the remainder) regarding 13 internet privacy or internet data security: California State University at San Diego (San Diego 14 State University), University of California at San Diego, and University of San Diego School of 15 Law. Defendants, through the Claims Administrator, must mail or wire the payments from the 16 Net Cash Fund according to the timeline set forth in Section 2.1(e) of the Settlement Agreement.

Remainder. Any unclaimed portion of the Net Cash Fund after mailing distribution of 7 Settlement Payments to Authorized Claimants and after any mailed Settlements are returned Settlement Payments to 8 the Claims Administrator as undeliverable must Authorized Claimants will be paid on an equal basis to the following non- 10 non-profit college or university academic institutions located in San Diego County, California, with the payments specified to be used for a chair, professorship, fellowship, lectureship, seminar 11 series or similar funding, gift gift, or donation program developed and coordinated between Provide 12 Commerce and the respective institutions (depending on the amount of the remainder) regarding 13 internet privacy or internet data security: California State University at San Diego (San Diego 14 State University), University of California at San Diego, and University of San Diego School of 15 Law. If the Court approves the Settlement of this Action, Defendants, through the Claims Administrator, must mail or wire the payments from the 16 Net Cash Fund according to the timeline set forth in Section 2.1(e) of the Settlement Agreement.remainder recipients within sixty