Settlement Distribution Plan definition

Settlement Distribution Plan means the plan by which the Settlement Amount will be distributed to Eligible Shareholders as attached hereto as Schedule 2 (Settlement Distribution Plan);
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Settlement Distribution Plan means the plan for allocation of the Net Settlement Amount prepared by the Special Master setting the Settlement Sum for each Participating Class Member.
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Examples of Settlement Distribution Plan in a sentence

  • If such aggregate amount is lower, then the surplus of the Compensation Add-on will be used to compensate for any shortfall of the compensation pursuant to Paragraph 2 if such compensation has been adjusted downwards proportionally pursuant to Paragraph 5.1.1 or 5.1.2 of this Schedule 2 (Settlement Distribution Plan).

  • After receipt of the Claim Form Database from the Claims Administrator, the Special Master shall, consistent with the Claims Plan, and according to the provisions of this Settlement, set the Weighted Zone Values and apportion the Net Settlement Amount to reflect the Special Master’s determination of each Participating Class Member’s individual Settlement Sum according to the provisions of Section 4 of this Agreement, and complete the Settlement Distribution Plan.

  • The Special Master’s decisions with respect to amounts awarded to Participating Class Members under the Claims Program as set forth in the approved Settlement Distribution Plan, and the Claims Administrator’s actions in preparing and mailing any checks to Participating Class Members for Settlement Distributions, are final, and neither the Special Master nor the Claims Administrator shall bear any responsibility or liability whatsoever to any Participating Class Member or any Class Member.

  • The Settlement Distribution Plan shall be served on Class Counsel and Defendants’ Counsel and submitted to the Court for approval in the Final Approval Motion; the Parties agree that such Settlement Distribution Plan may be treated as confidential and request that it be submitted under seal.

  • The Special Master shall have ninety (90) calendar days after the end of the Notice Period to make his determinations to be contained in the Settlement Distribution Plan.

  • The Special Master shall direct the Claims Administrator to distribute the Settlement Sums in accordance with the Settlement Distribution Plan, as approved by the Court in its Final Approval Order.

  • The Special Master, may, at his sole discretion, utilize the Reserve Fund to account for any untimely Claim Forms or to resolve any disputes regarding the Settlement Distribution Plan.

  • As to funds relating to any check that has become void and is not cashed, those funds shall be included in the Reserve Fund, to be used at the Special Master’s discretion for issues arising after the Settlement Distribution Plan has been finalized.

  • Paragraph 2 of the Settlement Distribution Plan awards Buyer and Holder Shares Compensation per Eligible Shareholder.

  • Pursuant to the Settlement Distribution Plan (Schedule 2 to the Settlement Agreement) the compensations under the Settlement Agreement are calculated per Eligible Shareholder and not per Claim.

Related to Settlement Distribution Plan

  • Distribution Plan means the plan hereafter approved by the MDL Court for the distribution of the Settlement Amount (net of any attorneys’ fees or costs that are awarded by the MDL Court) to Stanford Investors who have had their Claims allowed by the Receiver.

  • First Distribution Date Aggregate Original Principal [DATE] Balance of all Class A-R Certificates: $________ Cut-off Date: [DATE] Number 98-[ ]-A-R-1 Certificate Rate: ___% MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATE Series [ ] evidencing an ownership interest in distributions allocable to the Residual Interest Certificates with respect to a pool of conventional one- to four-family first mortgage loans formed and sold by Chase Manhattan Acceptance Corporation This Certificate does not represent an obligation of or interest in Chase Manhattan Acceptance Corporation, the Servicer or the Trustee referred to below or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by Chase Manhattan Acceptance Corporation, Chase Manhattan Mortgage Corporation, the Trustee or by any of their affiliates or by any governmental agency or instrumentality. NO TRANSFER OF THIS CERTIFICATE SHALL BE MADE UNLESS THE DEPOSITOR SHALL HAVE RECEIVED EITHER (i) A REPRESENTATION LETTER FROM THE TRANSFEREE OF THIS CERTIFICATE TO THE EFFECT THAT SUCH TRANSFEREE EITHER (A) IS NOT AN EMPLOYEE BENEFIT PLAN (A "PLAN") WITHIN THE MEANING OF SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA"), AND IS NOT DIRECTLY OR INDIRECTLY PURCHASING ANY CERTIFICATE ON BEHALF OF, AS INVESTMENT MANAGER OF, AS NAMED FIDUCIARY OF, AS TRUSTEE OF OR WITH ASSETS OF A PLAN OR, IN THE CASE OF AN INSURANCE COMPANY, THE ASSETS OF ANY SEPARATE ACCOUNTS TO EFFECT SUCH ACQUISITION OR (B) THE SOURCE OF FUNDS FOR THE PURCHASE OF THE CERTIFICATES IS AN "INSURANCE COMPANY GENERAL ACCOUNT" WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 ("PTCE 95-60"), 60 FED. REG. 35925 (JULY 12, 1995), AND THE CONDITIONS SET FORTH IN SECTION I AND SECTION III OF PTCE 95-60 ARE SATISFIED WITH RESPECT TO THE PURCHASE AND HOLDING OF THE CERTIFICATES, OR (ii) IF THIS CERTIFICATE IS PRESENTED FOR REGISTRATION IN THE NAME OF A PLAN SUBJECT TO TITLE I OF ERISA, OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE") (OR COMPARABLE PROVISIONS OF ANY SUBSEQUENT ENACTMENTS), OR A TRUSTEE OF ANY SUCH PLAN, OR ANY OTHER PERSON WHO IS USING THE ASSETS OF ANY SUCH PLAN TO EFFECT SUCH ACQUISITION, AN OPINION OF COUNSEL TO THE EFFECT THAT THE PURCHASE OR HOLDING OF THIS CERTIFICATE WILL NOT RESULT IN THE ASSETS OF THE TRUST FUND BEING DEEMED TO BE "PLAN ASSETS" PURSUANT TO THE DEPARTMENT OF LABOR PLAN ASSET REGULATIONS SET FORTH IN 29 C.F.R. ss.2510.3-101 AND TO BE SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF ERISA OR THE PROHIBITED TRANSACTION PROVISIONS OF THE CODE, WILL NOT CONSTITUTE OR RESULT IN A PROHIBITED TRANSACTION WITHIN THE MEANING OF SECTION 406 OR SECTION 407 OF ERISA OR SECTION 4975 OF THE CODE, AND WILL NOT SUBJECT THE TRUSTEE, THE SERVICER, THE COMPANY OR ANY OF THEIR AFFILIATES TO ANY OBLIGATION OR LIABILITY (INCLUDING OBLIGATIONS OR LIABILITIES UNDER ERISA OR SECTION 4975 OF THE CODE) RELATING TO THE CERTIFICATES.

  • Current Distribution Date means a Distribution Date specified as a reference date for calculating the Expected Distributions with respect to the Certificates of any Trust as of such Distribution Date.

  • Subsequent Distribution Date means the last Business Day of the month following the end of each calendar quarter after the Effective Date; provided, however, that if the Effective Date is within thirty (30) days of the end of a calendar quarter, then the first Subsequent Distribution Date will be the last Business Day of the month following the end of the first (1st) calendar quarter after the calendar quarter in which the Effective Date falls.

  • Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.