Named Class Representatives definition
Examples of Named Class Representatives in a sentence
The Named Class Representatives shall, subject to the requirements of Treasury Debt Collection Authorities, receive their share of the Net Settlement Amount according to the procedure and formula set forth in Section VIII.D.2, below.
This FSA may be modified only with the written approval of Class Counsel (acting on behalf of the Class and the Named Class Representatives), and Defendants and with the approval of the Court, upon such notice to the Class, if any, as the Court may require.
Thus, when computing each Tribal Contractor’s share of the Net Settlement Amount, the shares of the Named Class Representatives shall be multiplied by 1.20 and all shares shall then be adjusted proportionately so that the total shares of all Tribal Contractors equal one hundred percent (100%) of the Net Settlement Amount.
Named Class Representatives and Settlement Class Members agree that the following release and waiver shall be and remain effective in all respects notwithstanding such different or additional facts or discovery thereof, and that this Agreement contemplates the extinguishment of all such Released Claims.
Subject to the approval of the Court, no payment from the Settlement Fund to Class Counsel, the Named Class Representatives, or any Settlement Class Members shall be made until the Effective Date.
Subject to the Court’s approval, a one-time lump sum payment or incentive award of no more than $10,000 shall be paid to each of the Named Class Representatives from the Settlement Fund for their efforts on behalf of the Class, in addition to any distribution or payment they may receive by virtue of their status as Settlement Class Members.
Named Class Representatives further represent and warrant that to the best of their information and belief, they have no knowledge of any claims held by them against Argos or the other Released parties that are not released hereto.
Steel consents to the Named Class Representatives and Class Counsel as proper and appropriate representatives of the Class.
Class Counsel may apply to the Court for a one-time lump sum payment or incentive award of no more than $10,000 to each of the Named Class Representatives for their efforts on behalf of the Class.1 Any such award shall be paid solely from the Settlement Payment and is in addition to any distribution or payment that a Named Class Representative may receive by virtue of their status as one of the Class Members.
The Named Class Representatives and Class Members, and each of them, on their own behalf and on behalf of each of their respective successors and assigns, further covenant and agree not to proceed in any manner, in agency or other proceedings, whether at law, in equity, or by way of administrative hearing, or otherwise, to solicit others to institute any such actions or proceedings against the Argos Releasees relating to the allegations made in the Litigation.