Timing and Selection Procedures Sample Clauses
Timing and Selection Procedures. The Cy Pres Distribution, if any, shall be made no later than three hundred sixty-five (365) days following the Effective Date. Plaintiff shall propose a Cy Pres recipient and submit that recipient for the Court’s approval. In no event shall any unclaimed amounts remaining in the Settlement Fund revert to Defendants.
Timing and Selection Procedures. The Dedicated Cy Pres Distribution and Cy Pres Distribution shall be made 240 days after the last day to complete the processing of the Reduction Awards as set forth in Paragraph 3(b) of this Section III.C. Plaintiffs and ▇▇▇▇▇▇ ▇▇▇ have agreed to Posse Foundation, Inc. as the recipient of the Dedicated Cy Pres Distribution and the Cy Pres Distribution, subject to approval by the Court. If for any reason, the parties determine the proposed recipient is no longer an appropriate recipient, or the parties no longer agree on the proposed recipient, or the Court determines that the proposed recipient is not or is no longer an appropriate recipient, the parties shall agree on replacement recipient(s) of such monies, which must be non-profit charitable organizations with the mission of promoting access to higher education, subject to Court approval.