Examples of Net Cash Settlement Fund in a sentence
The Net Cash Settlement Fund shall be distributed to eligible members of the Rule 23(b)(3) Settlement Class pursuant to the claims process specified in the Plan of Administration and Distribution contained in Appendix I to the Superseding Settlement Agreement.
Subject to Paragraphs 27−28 and the other terms of the Superseding Settlement Agreement, as consideration for the settlement of the Class Actions in MDL 1720 except for Barry’s, members of the Rule 23(b)(3) Settlement Class shall be entitled to both make claims for and enjoy the benefits from money payments from the Net Cash Settlement Fund.
As set forth in the Plan of Allocation, each Authorized Claimant shall receive his, her, or its allocated pro rata share of the Net Cash Settlement Fund.
Each Authorized Claimant shall be paid an amount determined by multiplying his, her or its Recognized Claim by a fraction the numerator of which shall be the Net Cash Settlement Fund and the denominator of which shall be the Total Recognized Claims of all Authorized Claimants.
To receive a payment from the Net Cash Settlement Fund, all Claimants must show that they: (i) owned Tile Shop common stock as of October 18, 2019 and (ii) either sold their shares during the period from October 22, 2019 through and including November 8, 2019 or continued to own shares of Tile Shop common stock as of June 30, 2020, the date that the parties accepted the mediator’s settlement proposal and reached their agreement in principle to settle the Action.