Distribution Check definition
Distribution Check means a check payable to a Class Member for the purpose of paying that Class Member’s share of the Net Settlement Fund pursuant to the Final Plan of Allocation.
Distribution Check means a check payable to the order of a Settlement Class Member as the distribution of the Settlement Class Member’s share of the Settlement Cash Proceeds pursuant to the approved Plan of Allocation and Distribution. The Settlement Administrator shall cause to be issued and mailed checks to the Settlement Class Members as identified on the Summary Final Distribution Report in the amounts shown thereon. Each check shall itemize by Class Well the Settlement Class Member’s distribution of the Settlement Cash Proceeds. The Settlement Administrator shall include notice language on or with each Distribution Check issued substantially similar to the following language or as otherwise required by the Bankruptcy Court:
Distribution Check means the check mailed to a holder of an Allowed Equity Interest or Allowed Claim representing a distribution made by the Liquidation Trustee pursuant to the Plan.
Examples of Distribution Check in a sentence
Second Distribution Settlement Class Members shall have sixty (60) days from the initial date on which the Settlement Administrator mails the Second Distribution Settlement Award checks to cash those checks (the “Second Distribution Check Cashing Deadline”).
If the information needed to send a Distribution Check cannot be obtained through such efforts, the portion of the Net Settlement Fund attributable to such Class Member will remain in the Escrow Account as Residual Unclaimed Funds.
If a Distribution Check is returned to the Settlement Administrator under circum- stances suggesting the Class Member did not receive the Distribution Check (e.g., a mailed item returned due to an incorrect, insufficient, or outdated address), the Settlement Administrator and/or consultants working with the Settlement Administrator will use commercially reasonable methods to locate an updated address and will re-issue and re-mail the Distribution Check.
If the information needed to send a Distribution Check cannot be obtained through such efforts, the portion of the Net Settlement Fund and the PetroQuest Settlement Funds attributable to such Class Member will be considered Residual Unclaimed Funds.
Each Distribution Check issued by the Settlement Administrator shall include the Endorsement Language.
More Definitions of Distribution Check
Distribution Check means a check payable to an Eligible Settlement Class Member (as defined herein) in the net amount that is payable to such Eligible Settlement Class Member pursuant to the Plan of Allocation.
Distribution Check means a check, with Endorsement Language, payable to a Settlement Class Member to accomplish distribution of the net amount that is payable to such Settlement Class Member pursuant to this Agreement.
Distribution Check means a check payable to a Class Member who does not opt-out of this Settlement, or who is not otherwise excluded by order of the Court, for the purpose of paying that Class Member’s share of the Net Settlement Fund payable to such Class Member pursuant to the Class Distribution Order.
Distribution Check means a check payable to the order of a Class Member as the distribution of the Class Member’s share of the Net Settlement Amount pursuant to the approved Plan of Allocation and Distribution. The Settlement Administrator shall cause to be issued and mailed checks to the Class Members as identified on the Summary Final Distribution Report as in the amounts shown thereon. Each check shall itemize by Class Well the Class Member’s distribution of the Net Settlement Amount. The Settlement Administrator shall include the below notice on or with each Distribution Check issued: As a royalty owner and Class Member in the ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ v. Chevron, U.S.A., Inc., et al, class action lawsuit, No. , United States District Court for the Eastern District of Oklahoma, the enclosed Distribution Check represents your total share of the Net Settlement Amount. The distribution described above to members of the Settlement Class is based on the assumptions that:
(a) very few sales of royalty interests have occurred during the claim period; (b) if sales did occur during the claim period, the buyer was entitled to receive payment for all past claims covered by the settlement; and (c) if royalty interests passed through inheritance, devise, intra-family or interfamily transfers, that it was the intent that the heir, devisee or transferee also receive payment for all past claims covered by the settlement. To the extent that these assumptions are incorrect or you are not the proper party to receive this payment, the Court has ordered that the Class Member who receives payment shall in turn make the correct payment to the proper party or parties entitled thereto. The royalty owner(s) who is the intended recipient of the funds reflected in this Check, and anyone to whom the Payment has been assigned, as a Class Member, accepts this settlement payment pursuant to the Notice of Settlement, and Judgment related thereto. The Judgment fully, completely and unconditionally releases Defendants and the Released Parties from the Released Claims, as defined in the Amended Settlement Agreement. The Class Member also agrees to fully, completely and unconditionally release the Released Parties, Class Representative, Settlement Class Counsel, and the Settlement Administrator in the manner set forth in the Amended Settlement Agreement. This Distribution Check, but not the binding effect of the Settlement, shall be null and void if not endorsed and negotiated within ninety (90) days of the dat...
Distribution Check means a check payable to the order of a Settlement Class member for purposes of distribution of the Settlement Class member's share of the Net Settlement Amount payable to such Settlement Class member pursuant to the Plan of Allocation and Distribution. The Settlement Administrator shall cause to be issued and mailed checks to the Settlement Class members identified on the Summary Final Distribution Report for the amounts reflected thereon. Each check shall include line entry detail of the Settlement Class member's distribution of the Net Settlement Amount. Each Distribution Check issued by the Settlement Administrator shall include or be accompanied by the following notice on the check stub or other accompanying document:
Distribution Check means a check payable to a Class Member for the purpose of paying that Class Member’s share of the Net Settlement Fund pursuant to the Plan of Allocation.
Distribution Check means a check payable to a Class Member who does not timely and properly submit a Request for Exclusion, or who is not otherwise excluded from the