Examples of Cy Pres Recipients in a sentence
The following procedures shall govern the distribution of proceeds, if any, from the Net Settlement Fund to the Cy Pres Recipients.
Any funds from checks not cashed within that ninety (90) calendar day period or funds from checks returned as undeliverable shall be returned to the Net Settlement Fund and distributed to the Cy Pres Recipients, as described in greater detail below in Section 2.4. Additionally, if an Authorized Claimant who elects payment by ACH fails to provide sufficient or correct information to permit payment to an account, the amount of that failed payment shall revert to the Net Settlement Fund.
Each Authorized Claimant, subject to the limitations stated below regarding proration of claims or distribution to the Cy Pres Recipients, is entitled to a one-time cash payment equal to ten dollars ($10).
Any proceeds from the Net Settlement Fund that will be distributed to the Cy Pres Recipients shall be distributed by the Settlement Administrator to the Cy Pres Recipients between thirty (30) and forty-five (45) calendar days after the deadline for Class Members to cash the settlement checks pursuant to Section 2.3(d).
Alternatively, in the event that the entire Net Settlement Fund is to be distributed to the Cy Pres Recipients under the terms of this agreement or as ordered by the Court, the Settlement Administrator shall distribute such proceeds to the Cy Pres Recipients between thirty (30) and forty-five (45) calendar days after the Final Settlement Date.