Common use of Treatment of Undistributed Funds and Uncashed Checks Clause in Contracts

Treatment of Undistributed Funds and Uncashed Checks. Any funds associated 12 with checks that are not cashed within ninety (90) calendar days of issuance and any funds that 13 cannot be distributed to Class Members for any other reason, together with any interest earned on 14 them, and any funds remaining after the payment of any applicable Taxes by the Escrow Agent, 15 shall be returned to the Settlement Fund by the Settlement Administrator to be distributed as 16 described in the Plan of Allocation.

Appears in 2 contracts

Samples: Settlement Agreement and Release, Settlement Agreement and Release

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Treatment of Undistributed Funds and Uncashed Checks. Any funds associated 12 with checks that are not cashed within ninety (90) calendar days of issuance and any funds that 13 cannot be distributed to Class Members for any other reason, together with any interest earned on 14 them, and any funds remaining after the payment of any applicable Taxes by the Escrow Agent, 15 shall be returned to the Settlement Fund by the Settlement Administrator to be distributed as 16 described in Paragraph 12 of the proposed Plan of Allocation.

Appears in 2 contracts

Samples: Settlement Agreement and Release, Settlement Agreement and Release

Treatment of Undistributed Funds and Uncashed Checks. Any funds associated 12 25 with checks that are not cashed within ninety one hundred and eighty (90180) calendar days of issuance and 26 any funds that 13 cannot be distributed to Class Members for any other reason, together with any 27 interest earned on 14 them, and any funds remaining after the payment of any applicable Taxes by the 1 Escrow Agent, 15 shall be returned to the Settlement Fund by the Settlement Administrator to be 2 distributed as 16 described in the Plan of Allocation.

Appears in 2 contracts

Samples: Settlement Agreement and Release, Settlement Agreement and Release

Treatment of Undistributed Funds and Uncashed Checks. Any funds associated 12 with checks that are not cashed within ninety (90) calendar days of issuance and any funds that 13 cannot be distributed to Monetary Relief Class Members for any other reason, together with any interest earned on 14 them, and any funds remaining after the payment of any applicable Taxes taxes by the Escrow Agent, 15 shall be returned to the Settlement Fund by the Settlement Administrator to be distributed as 16 described in the Plan of AllocationSection 4.2(f).

Appears in 1 contract

Samples: Settlement Agreement and Release

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Treatment of Undistributed Funds and Uncashed Checks. Any funds associated 12 with checks that are not cashed within ninety (90) calendar days of issuance and any funds that 13 cannot be distributed to Settlement Class Members for any other reason, together with any interest earned on 14 them, and any funds remaining after the payment of any applicable Taxes taxes by the Escrow Agent, 15 shall be returned to the Settlement Fund by the Settlement Administrator to be distributed as 16 described in the Plan of AllocationSection 3.2(f).

Appears in 1 contract

Samples: Settlement Agreement and Release

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