Cy Pres Distribution definition

Cy Pres Distribution means monies that may be distributed in connection with the Settlement, pursuant to Section 7.04.f.
Cy Pres Distribution means monies that may be distributed in connection with the Settlement, pursuant to Section III.F of this Agreement.
Cy Pres Distribution means the money paid from the Settlement Fund to the Cy Pres recipient(s) as described in Section 7.3.

Examples of Cy Pres Distribution in a sentence

  • If Fifty Thousand Dollars ($50,000.00) or less remains in the Settlement Fund after payment of the Settlement Payments, including any amounts resulting from checks that remain uncashed more than 120 days after the date on the check, such remaining amount in the Settlement Fund will comprise the Cy Pres Distribution.

  • The Cy Pres Distribution, if any, shall be made no later than three hundred sixty-five (365) days following the Effective Date.

  • The amounts of any checks that remain uncashed more than 120 days after the date on the check will be reissued to Eligible Settlement Class Members, if practical, or paid as Cy Pres Distribution pursuant to Section III.E.

  • The Cy Pres Distribution shall be paid out of the Net Settlement Fund.


More Definitions of Cy Pres Distribution

Cy Pres Distribution means monies that may be distributed in connection with the Settlement pursuant to Section 13.3 of this Agreement. Cy Pres will only be distributed for uncashed or undeposited checks and only then if a second distribution to eligible Class Members is not feasible pursuant to Section 13.2 of this Agreement.
Cy Pres Distribution means monies that may be distributed in connection with the Settlement pursuant to Section 13.3 of this Agreement. Cy Pres will only be
Cy Pres Distribution means monies that may be distributed in connection with the Settlement pursuant to Section 12.C of this Agreement. Cy Pres will only be distributed for uncashed or un-deposited checks and only if a second distribution to those Settlement Class Members who submitted Approved Claim Forms is not feasible pursuant to Section 12.B of this Agreement, or if there is any money remaining in the Settlement Fund after a second distribution.
Cy Pres Distribution means a distribution to a non-profit organization of any remaining balance of the Settlement Fund after the Bank and the Settlement Administrator have made all other distributions from the Settlement Fund in accordance with the terms of this Agreement.
Cy Pres Distribution means monies that may be distributed in connection with the Settlement Agreement pursuant to Section 7.04.e.
Cy Pres Distribution has the meaning set forth in Section 5.13 of this Agreement.
Cy Pres Distribution means the residual from the Settlement Fund which may be distributed pursuant to Section III.G.3 of this Agreement.