Unclaimed Distributions. If any benefit payment mailed by regular U.S. Mail to the last address of the payee furnished by the Company is returned unclaimed, the Trustee shall so notify the Company and shall discontinue further payments to such payee until it receives further instructions of the Company.
Unclaimed Distributions. In the event that funds remain in the Cimarron Trust at its termination, the amounts remaining shall be transferred, as directed by the United States in consultation with all affected States, to (i) any of the Multistate Trust Environmental Cost Accounts or Multistate Trust Environmental Work Account, any of the West Chicago Trust Environmental Cost Accounts or West Chicago Trust Work Accounts, the Savannah Trust Environmental Cost Account, or any of the Nevada Trust Environmental Cost Accounts if there are Environmental Actions to be performed and a need for additional trust funding, with the allocation among such Environmental Cost Accounts to be determined by the projected shortfall of performing such remaining Environmental Actions, (ii) Non-Owned Sites with a need for additional funding beyond the distributions received from the Anadarko Litigation Proceeds; or (iii) the Superfund.
Unclaimed Distributions. Upon the termination of the Environmental Response Trust, and after payment of all obligations of the Environmental Response Trust in accordance with applicable law, the Environmental Response Trust Administrative Trustee shall, as expeditiously as is consistent with the conservation and preservation of the Environmental Trust Assets, distribute any remaining assets in the Environmental Response Trust in accordance with this Agreement and the terms of Paragraphs 53, 54, 77, and 82 of the Settlement Agreement.
Unclaimed Distributions. Upon the dissolution of the Environmental Custodial Trust, and after the payment or making of reasonable provision for payment of all obligations of the Environmental Custodial Trust in accordance with applicable law, the Environmental Custodial Trust Trustee shall, as expeditiously as is consistent with the conservation and preservation of the Environmental Trust Assets, distribute any remaining assets in the Environmental Custodial Trust to such federal and state accounts as the Environmental Trust Beneficiaries designate; provided none of such assets shall be distributed to any of the Debtors or Reorganized Debtors.
Unclaimed Distributions. In the event that funds remain in the Environmental Response Trust at its termination, the amounts remaining shall be transferred, upon written confirmation by the United States, the State of Michigan and the State of Ohio, to the Superfund, a clean-up fund or account in Michigan to be designated by the MDEQ, and/or the hazardous waste clean-up fund created by Ohio Revised Code 3734.28.
Unclaimed Distributions. In the event that funds remain in the Texas Custodial Trust at its termination, the amounts remaining shall be transferred as set forth in Section 2.5 of this Agreement.
Unclaimed Distributions. If the Company has mailed three successive distributions to a member addressed to the member’s address shown on the company’s current record of members and the distributions have been returned as undeliverable, no further attempt to deliver distributions to that member need be made until another address for the member is made known to the company, at which time all distributions accumulated by reason of this section shall, except as otherwise provided by law, be mailed to the member at the other address.
Unclaimed Distributions. (i) If a distribution to any Beneficiary is returned as undeliverable, the Litigation Trustee shall use the following procedure to determine such Beneficiary’s then current address: (i) send the distribution twice to the last known address of the Beneficiary; (ii) if the distribution is returned, to contact the post office of the last known address to determine if such Beneficiary has left a forwarding address, and if so, to send the distribution to such forwarding address.
Unclaimed Distributions. Any distribution check that is not cashed within 180 days of mailing may be deemed unclaimed by the Settlement Administrator of the Funds. The Settlement Administrator shall make a timely report of the amount of such unclaimed distributions to Class Counsel and the First Judicial District Court. Subject to further order of the First Judicial District Court, the Settlement Administrator shall, no later than 240 days after mailing of the initial distribution checks, distribute unclaimed funds among the Non-Same-as Fed Eligible Class Members who did receive and cash their distributions. The distribution of unclaimed settlement amounts will be equal to the same proportionate percentage of the Net Settlement Fund to which he was entitled as an Eligible Class Member. If, after such supplemental distribution, any sums remain, the Settlement Administrator shall make report to the First Judicial District Court and Class Counsel and seek further direction, including the cy pres of the remaining funds.
Unclaimed Distributions. If a creditor fails to claim any cash within 120 days from the date upon which a distribution is made, such creditor shall be subject to having its claim excluded from future distributions, at the sole discretion of the Liquidating Trustee. Parties which fail to claim cash shall forfeit their rights thereto and shall have no claim whatsoever against the Liquidating Trust or the Liquidating Trustee, as applicable, or any holder of an Allowed Claim to whom distributions are made under this Agreement, provided, however, that the Liquidating Trustee may but is not required to undertake reasonable efforts, in his business judgment, to locate creditors whose distributions are returned.
