Reversion Payment Clause Samples

Reversion Payment. In the event any payments made as part of the third distribution have not been cashed within one hundred and eighty (180) calendar days after their issuance, then such uncashed payments, less any remaining costs of Settlement Administration or necessary to effectuate this Agreement, together with any accrued interest on such payments shall revert to Defendants. Prior to remitting payment, the Settlement Administrator shall receive payment instructions from Defendants and follow those instructions to accomplish payment to the State.