Settlement Class Member Payments. Of the $4,250,000.00 paid or credited into the Settlement Fund, $2,932,500 (69%) is allocated to the APPSN Fee Class and $1,317,500 (31%) is allocated to the Retry NSF Fee Class. If applicable, Settlement Class Members may receive payments as members of the APPSN Fee Class and the Retry NSF Fee Class. Based on this allocation, payments from the Net Settlement Fund to the Settlement Class Members shall be calculated as follows:
Settlement Class Member Payments. 6.7.2.1. Within 14 days after the Effective Date, BPPR shall determine whether the Class List needs to be updated with respect to which Settlement Class Members are Current Accountholders with BPPR and if necessary, will provide an updated Class List to the Settlement Administrator. The Settlement Administrator will use the Class List to determine which Settlement Class Members are to receive their Settlement Class Member Payment via a credit to a BPPR Account.
Settlement Class Member Payments. 6.6.2.1. Within seven (7) days after the Effective Date, BANA shall determine whether the Class List needs to be updated with respect to which Settlement Class Members are Current Accountholders with BANA as of the Effective Date, and if necessary, will provide an updated Class List to the Settlement Administrator. The Settlement Administrator will use the Class List to determine which Settlement Class Members are to receive their Settlement Class Member Payment via a credit to their BANA Account.
Settlement Class Member Payments. Settlement Class Members shall be calculated as follows: (Net Settlement Fund/Total Relevant Overdraft Fees) x Total number of Relevant Overdraft Fees charged to and paid by each Class member. Settlement Class Member Payments shall be made by check to Account Holders no later than 30 days after the Effective Date. The Settlement Administrator shall send checks to each Settlement Class Member’s mailing address of record with Defendant, or at such other address as designated by the Settlement Class Member. For jointly held accounts, checks will be payable to all members, and will be mailed to the first member listed on the account. The Settlement Administrator will make reasonable efforts to locate the proper address for any check returned by the Postal Service as undeliverable and will re-mail it once to the updated address or, in the case of a jointly held account, and in the Settlement Administrator’s discretion, to an accountholder other than the one listed first. The Settlement Class Member shall have 180 days to negotiate the check. Any checks uncashed after 180 days shall be distributed pursuant to Section X. Unless this Agreement is terminated or fails to become effective, no portion of the Settlement Fund shall revert to Defendant.
Settlement Class Member Payments. Each Settlement Class Member who does not elect to be excluded as set forth below in Paragraph 18 shall be eligible under this Agreement for a cash payment (the “Settlement Class Member Payment”) for each call that is covered under the settlement class definition set forth below in Paragraph 22 (an “Eligible Call”). Each Settlement Class Member Payment will be in an amount equal to the “Net Settlement Fund” divided by all Eligible Calls that were made to Settlement Class Members who timely and validly submit a claim as described below in Paragraph 3, up to a maximum of Five Thousand Dollars ($5,000) for each Eligible Call. “Net Settlement Fund” means the Settlement Fund less the amount of attorneys’ fees and costs awarded to Settlement Class Counsel, incentive awards awarded to Plaintiffs, and Settlement Administration Costs (as defined in Paragraph 9). Settlement Class Members who received multiple Eligible Calls are entitled to a Settlement Class Member Payment for each such Eligible Call to that Settlement Class Member and the Settlement Administrator may include all Settlement Class Member Payments for any such Settlement Class Member in a single settlement check.
Settlement Class Member Payments i. The Jailed Class Net Settlement Fund shall be paid pro rata to the members of the Jailed Classes using the following calculation:
Settlement Class Member Payments i. The Sufficient Funds Fee Net Settlement Fund shall be paid pro rata to the members of the Sufficient Funds Fee Class using the following calculation: • The dollar amount of the Sufficient Funds Fee Net Settlement Fund divided by the total number of Sufficient Funds Fees paid by all members of the Sufficient Funds Fee Class, which yields a per-fee amount; • Multiply the per-fee amount by the total number of Sufficient Funds Fees charged to and paid by each member of the Sufficient Funds Fee Class. • This results in a Sufficient Funds Fee Settlement Class Member Payment.
Settlement Class Member Payments. The Net Settlement Fund shall be allocated as follows: 83.334% ($2,546,550.37) is allocated to the Montana Class 16.666% ($509,065.63) is allocated to the Non-Montana Class Based on this allocation, payments to individual Settlement Class Members shall be calculated as follows:
Settlement Class Member Payments. Settlement Class Member Payments from the Net Settlement Fund shall be made no later than 45 days after the Effective Date, as follows:
Settlement Class Member Payments. Subject to the terms and conditions of this Agreement, the Settlement Administrator will distribute a payment from the Net Settlement Amount to each Participating Class Member as follows:
