Uncashed Automatic Payment Checks Clause Samples

Uncashed Automatic Payment Checks. The Automatic Payment Checks must clearly indicate that they shall be void if not presented for payment within sixty (60) days from the date of mailing. To the extent that Automatic Payment Checks are not presented for payment by a Class Member within sixty (60) days of mailing, such checks remaining uncashed on that date shall become null and void, and any such Class Member shall have no further recourse. Provided, however, that any Class Member who timely submitted a Claim Form shall be eligible to receive a payment from the Claims Made Pool. Any funds remaining in the Automatic Payment Pool after the Automatic Payment Checks become void shall become part of the Net Settlement Fund.