Examples of Class Administrator in a sentence
The Class Administrator shall be responsible for providing the required CAFA notification of the Settlement to appropriate state and federal agencies within ten (10) days of submission of the Settlement to the Court for preliminary approval.
After all valid claims are determined and the Settlement is approved after the Final Fairness Hearing, but in no event later than thirty-five (35) days after the Effective Date, the Class Administrator shall distribute money from the Aggregate Settlement Fund, in accordance with its Final Payment determination referenced in Paragraph 34 above, to the Settlement Class Members who have not opted out.
Within fourteen (14) days of the conclusion of the Claim Period, the Class Administrator shall determine: (i) whether each Settlement Class Member’s Proof of Claim (for those Settlement Class Members who submit claims) complies with Paragraph 31 above, and (ii) the Automatic Payment and Medical Monitoring Payment for each Settlement Class Member, as applicable, in accordance with Paragraphs 6 and 34.
After two additional distributions or when $100,000 or less in unclaimed funds remains (whichever comes first), the Class Administrator shall deliver the unclaimed funds to the National Institute of Environmental Health as grant for benzene exposure research or the National Cancer Institute as cy pres.
The Class Administrator promptly shall give notice to Class Counsel and Virgin Scent’s Counsel of its determinations.