Settlement Cash Fund Sample Clauses

Settlement Cash Fund. Subject to the terms and conditions of this Settlement Agreement, Defendant has agreed to make available $1,520,000.00 cash to resolve this matter. The Settlement Cash Fund will be available to satisfy Cash Awards to Approved Claimants. Defendant is not required to place all or any portion of the Settlement Cash Fund into a separate bank account. Any portion of the Settlement Cash Fund that is not paid to Settlement Class Members shall revert to and be kept by Defendant. In addition to the Settlement Cash Fund, Defendant will provide $15.00 vouchers in lieu of Cash Awards to all Approved Claimants who elect the Voucher Award. The Voucher Award will be activated at the time of mailing and can be used immediately upon receipt.