Future Claimant definition
Examples of Future Claimant in a sentence
On or before the date which is 15 years immediately following the Effective Date (the “Future Claims Bar Date”), each Future Claimant and Supplemental Present Tort Claimant (if any), must personally file a complaint with the District Court asserting a Claim against APCRF or such Claim will be forever barred.
Commencing with the application of the Additional Royalty for each Authorized Future Claimant (the “Implementation Date”), SME shall report royalties on Foreign Streams attributed to Subject Recordings as a percentage of At-Source Revenue (defined below) that is equal to the sum of the Effective At-Source Rate and the Additional Royalty (the “New Effective Rate”).
For the avoidance of doubt, the New Effective Rate is inclusive of the Additional Royalty provided for in the first sentence of this Paragraph 20(b) and shall be the total royalty to be credited to each Authorized Future Claimant with respect to Foreign Streams attributed to Subject Recordings on and after the Implementation Date.
The Treasurer may pay the expenses associated with providing such Notice from the Unclaimed Property Trust Fund or from other funds appropriated to the Treasurer, provided that: (a) such payments will not reduce the amount of just compensation due or paid to any Class Member or Future Claimant, and (b) the Treasurer shall at all times maintain sufficient funds in the Unclaimed Property Trust Fund to make prompt payment of claims and just compensation on claims of Class Members and Future Claimants.