Distribution of the Settlement Fund. The Claims Administrator shall distribute the funds in the Settlement Fund in the following order and within the time period set forth with respect to each such payment:
Distribution of the Settlement Fund. The Class Administrator will distribute the funds in the Settlement Fund in the following order and within the time period set forth with respect to each such payment:
Distribution of the Settlement Fund. After the Settlement becomes Final, the Settlement Fund (net of Court-approved fees, expenses, and any other Court-approved deductions) will be distributed to the extent possible according to an allocation plan that will permit members of the Class to be paid out on a weighted pro rata basis based on the damages analysis completed by Plaintiffs’ experts, Xx. Xxxxx Xxxx and Xxxxxxxxx Xxxxxx X. Hall, Ph.D., which based the amount of damages on the vehicle make and model, and the month and year of purchase. Each purchase or lease made by a Class Member who makes a valid claim (“Authorized Claimant”) will be assigned a Recognized Claim Amount based on the vehicle’s make, model, and month of purchase. The Recognized Claim Amount equates to the estimated damages assigned to that particular vehicle by Plaintiffs’ experts resulting from the alleged unlawful conduct at issue in the Action. The claims administrator will sum up the total Recognized Claim Amounts for all purchases or leases made by an Authorized Claimant, which will be the Authorized Claimant’s Total Recognized Claim Amount. The Authorized Claimant’s share of the settlement proceeds will be calculated by multiplying the Settlement Fund (net of Court-approved fees, expenses, or any other Court-approved deductions) by the ratio of the Authorized Claimant’s Total Recognized Claim Amount to the sum of all Authorized Claimants’ Total Recognized Claim Amounts. Plaintiffs will create a proposed plan of allocation, in consultation with Ford Canada, and it shall to the extent possible provide payments to Authorized Claimants, and any residual amount shall be handled subject to approval by the Court, with all reasonable efforts made to distribute any residual to Authorized Claimants until further distributions to Authorized Claimants are not economically feasible. Under no circumstance will any residual be paid back to Ford Canada. Should the number of vehicle purchases or leases claimed by all Authorized Claimants by the Court-ordered claims filing deadline be less than 45,000 vehicles in the aggregate, Plaintiffs, in consultation with Ford Canada, will petition the Court to approve an acceptable plan to make a supplemental distribution to Class Members. Plaintiffs will move for the plan of allocation’s approval at the appropriate time in the Court, subject to any award of attorneys’ fees and costs, service awards to named Plaintiffs, and any notice and administration costs as approved by the Court.
Distribution of the Settlement Fund. (a) The Settlement Fund shall be used for the payment of Administration Expenses; a Settlement Share to each of the Settlement Class Members; any Service Award to the Plaintiff as approved by the Court; any Fee and Expense Award as approved by the Court; and, any taxes owed by the qualified settlement fund (but not any taxes owed by individual Settlement Class Members). The Parties must approve any payment of costs or expenses under this paragraph, and such approval shall not be unreasonably withheld.
Distribution of the Settlement Fund. 10 6.2.1 After this Amended Settlement Agreement becomes final with the meaning 11 of Section 1.10 (the Effective Date), the Net Settlement Fund shall be distributed as set forth in 12 Sections 6.2.2 through 6.2.4, subject to approval by the Court:
Distribution of the Settlement Fund. (1) On or after the Effective Date, the Administrator shall distribute the Settlement Amount in accordance with the following priorities:
Distribution of the Settlement Fund. Following the Claim Validation Process, the Settlement Administrator will distribute the Settlement Fund as follows:
Distribution of the Settlement Fund. 20.1. Within thirty days of the Finality Date, the Claims Administrator will mail a settlement check to each member of one of the Classes who submitted a valid, Approved Claim Form.
Distribution of the Settlement Fund. 1. WTC shall distribute the Settlement Fund as provided in this Section. The Settlement Fund shall be the total amount WTC is obligated to pay under the terms of this Agreement and includes (a) Class Counsel’s fees and costs; and (b) any Service Award payment to the Plaintiff. WTC shall not make any additional or further contributions to the Settlement Fund, even if the total amount of all improper fees charged to the Settlement Class Members exceeds the value of the Net Settlement Fund. In the event a Final Approval Order is not issued, is reversed on appeal, or this Agreement is terminated by either party for any reason, WTC is not obligated to make the distributions described herein.
Distribution of the Settlement Fund. 13.1. Within thirty days of the Finality Date, the class administrator will mail a settlement check to each Class Member who submitted a single, valid and timely claim form. Each Class Member may only submit one claim with respect to one unique cell phone number, regardless of how many times the Class member claims they were contacted via an automatic telephone dialing system or by an artificial or pre-recorded voice.
