Examples of Approved Claims in a sentence
Payments for Approved Claims for reimbursement as set forth in Paragraph 39 shall be issued in the form of a check mailed and/or an electronic payment as soon as practicable after the allocation and distribution of funds are determined by the Settlement Administrator following the Effective Date.
The Settlement Administrator shall only make payments to Settlement Class Members who submit valid claims under Tier One or Tier Two as described in the verification process and such claims are also Approved Claims.
If not all Settlement Class Members have an Approved Claim, then the minimum payment amounts to Settlement Class Members with Approved Claims shall increase proportionally in correspondence with the same categories of Developer Proceeds as contained in Section 6.2.
The Settlement Administrator shall provide bi-weekly reports to Class Counsel and Defendants’ Counsel with information concerning Notice, number of Claim Forms submitted, number of Approved Claims, requests for exclusion or objection, and administration and implement of the Settlement.
The amount of this payment will depend on how many of the Settlement Class Members file Approved Claims.