Consumer Fund definition

Consumer Fund means the account established to provide restitution and redress to Affected Consumers as described in Sections VIII, IX and X, and which will be overseen by the MDL Court and which represents an undifferentiated portion of the consumer restitution fund as defined in the Settlement.
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Consumer Fund means an interest-bearing escrow account, established pursuant to the Final Escrow Agreement and administered by the Escrow Agent. The principal of the Consumer Fund shall be funded as set forth in the Final Escrow Agreement. The Consumer Fund shall be distributed as specified in the Consumer Distribution Plan.
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Consumer Fund means a fund described in section 6.
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Examples of Consumer Fund in a sentence

  • The Escrow Agent shall pay from the Consumer Fund all administrative costs and expenses, other than those identified in Section VI.A.1, above, associated with administering this Settlement, including without limitation, costs and expenses necessary to secure court approval of the Settlement Agreement, such as an expert’s affidavit, costs and expenses for providing proper notice of this Settlement Agreement, the processing and payment of claims and the fees and expenses of the Escrow Agent.

  • The Escrow Agent for the Consumer Fund, the State Agency Account and the State Attorney Fees and Costs Account (collectively, the “Settlement Accounts”) shall be selected by the Plaintiff States based upon a solicitation of competitive bids from five (5) independent financial institutions.

  • The Escrow Agent shall, in conjunction with the claims administrator, begin distributing the portion of the Consumer Fund not already distributed pursuant to section VI.A.2. above within thirty (30) days after the Effective Date and shall continue with such distributions according to the terms of the Court-approved Consumer Distribution Plan until the Consumer Fund is fully distributed.

  • The Escrow Agent and/or a claims administrator employed by the Plaintiff States shall distribute and/or administer the distribution of all funds remaining in the Consumer Fund after payment of the costs and expenses set forth in Section VI.A.2 above, according to the Court-approved Consumer Distribution Plan.


More Definitions of Consumer Fund

Consumer Fund means twenty-two percent (22%) of the Net Settlement Fund, which shall be distributed to Class Members who are individual consumers.
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