Conclusion of the Administration Sample Clauses
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Conclusion of the Administration. (1) Following the Claims Bar Deadline, and in accordance with the terms of this Agreement, the Plan of Allocation, and such further order of the Court, as may be necessary, or as circumstances may require, the Administrator shall distribute the Escrow Settlement Amount to Authorized Claimants.
(2) No claims or appeals shall lie against the Releasees, the Defendant, the Defendant’s counsel, Class Counsel, the Administrator or the Referee based on distributions made substantially in accordance with the Agreement and the Plan of Allocation.
(3) If the Escrow Settlement Account is in a positive balance in an amount greater than 10% of the net Settlement Amount (whether by reason of tax refunds, un-cashed cheques or otherwise) after one hundred eighty (180) days from the date of distribution of the Escrow Settlement Amount to the Authorized Claimants, the Administrator shall, if economically feasible, allocate and distribute such balance among Authorized Claimants in an equitable fashion up to the limit of each authorized claimant’s actual loss. If there is a balance in the Escrow Settlement Account after each Authorized Claimant is paid up to his/her/its actual loss, or if an amount equal to or less than 10% of the net Settlement Amount remains undistributed, the remaining funds shall be paid cy près to a recipient mutually agreed upon by the Parties and/or approved by the Court.
(4) Upon the conclusion of the administration, or at such other time(s) as the Court directs, the Administrator shall report to the Court on the administration and shall account for all monies it has received, administered and disbursed and obtain an order from the Court discharging it as Administrator.
Conclusion of the Administration. (1) Following the Claims Bar Deadline, and in accordance with the terms of the Agreement, the Plan of Allocation, and such further order of the Courts, as may be necessary, or as circumstances may require, the Administrator shall distribute the Escrow Settlement Amount to Authorized Claimants.
(2) No claims or appeals shall lie against the Releasees, the Defendants, the Defendants’ counsel, Class Counsel, the Administrator, the Referee, or ▇▇▇▇▇▇ Partners LLP based on distributions made substantially in accordance with the Agreement and the Plan of Allocation.
(3) If the Escrow Settlement Account is in a positive balance in an amount greater than 10% of the net Settlement Amount (whether by reason of tax refunds, un-cashed cheques or otherwise) after one hundred eighty (180) days from the date of distribution of the Escrow Settlement Amount to the Authorized Claimants, the Administrator shall, if economically feasible, allocate and distribute such balance among Authorized Claimants in an equitable fashion up to the limit of each authorized claimant’s actual loss. If there is a balance in the Escrow Settlement Account after each Authorized Claimant is paid up to his/her/its actual loss, or if an amount equal to or less than 10% of the net Settlement Amount remains undistributed the remaining funds shall be paid in part (X%) cy près to a recipient mutually agreed upon by the parties, approved by the Ontario Court and in part (Y%) cy près to a recipient mutually agreed upon by the parties, approved by the Québec Court and subject to the applicable deduction for the Fonds d’aide aux actions collectives,. The respective percentages, X and Y, shall be equal to the percentages of the distribution of the Escrow Settlement Amount to Authorized Claimants in the Ontario Action and the Québec Action, respectively.
(4) Upon the conclusion of the administration, or at such other time(s) as the Courts direct, the Administrator shall report to the Courts on the administration and shall account for all monies it has received, administered and disbursed and obtain an order from those courts discharging it as Administrator.
Conclusion of the Administration. (1) Following the Claims Bar Deadline, and in accordance with the terms of the Agreement, the Plan of Allocation, and such further order of the Court as may be necessary, or as circumstances may require, the Administrator shall distribute the Escrow Settlement Amount to Authorized Claimants.
(2) No claims or appeals shall lie against the Defendants, the Defendants’ counsel, Class Counsel, the Administrator, the Referee, or ▇▇▇▇▇▇ Partners LLP based on distributions made substantially in accordance with the Agreement and the Plan of Allocation.
(3) If the Escrow Account is in a positive balance (whether by reason of tax refunds, un- cashed cheques or otherwise) after one hundred eighty (180) days from the date of distribution of the Escrow Settlement Amount to the Authorized Claimants, the Administrator shall, if economically feasible, allocate such balance among Authorized Claimants in an equitable fashion up to the limit of each person’s actual loss. If there is a balance in the Escrow Account after each Authorized Claimant is paid up to his/her/its actual loss, the remaining funds shall be paid cy prés to a recipient selected by Class Counsel and approved by the Court.
(4) Upon the conclusion of the administration, or at such other time(s) as the Court directs, the Administrator shall report to the Court on the administration and shall account for all monies it has received, administered and disbursed and obtain an order from the Court discharging it as Administrator.
Conclusion of the Administration. (1) Following the Claims Bar Deadline, and in accordance with the terms of the Settlement Agreement, the Plan of Allocation, and such further approval or order of the Court as may be necessary, or as circumstances may require, the Administrator shall distribute the Escrow Settlement Amount to Authorized Claimants.
(2) No claims or appeals shall lie against Class Counsel or the Administrator based on distributions made substantially in accordance with the Agreement, the Plan of Allocation, or with any other order or judgment of the Court.
(3) If the Escrow Settlement Account is in a positive balance (whether by reason of tax refunds, un-cashed cheques or otherwise) after one hundred eighty (180) days from the date of distribution of the Escrow Settlement Amount to the Authorized Claimants, the Administrator shall, if feasible, allocate such balance among Authorized Claimants in an equitable and economic fashion. Any balance below CAD$25,000.00 which still remains thereafter shall be donated to FAIR Canada.
(4) Upon the conclusion of the administration, or at such other time as the Court directs, the Administrator shall report to the Court on the administration and shall account for all monies it has received, administered and disbursed and obtain an order from the Court discharging it as Administrator.
Conclusion of the Administration. (1) Following the Claims Bar Deadline, and in accordance with the terms of this Agreement, the Distribution Protocol, and such further approval or order of the Court as may be necessary, or as circumstances may require, the Administrator shall distribute the Net Settlement Amount to Authorized Claimants.
(2) No claims or appeals shall lie against Class Counsel or the Administrator based on distributions made substantially in accordance with this Agreement, the Distribution Protocol, or with any other order or judgment of the Courts.
(3) If the Escrow Account is in a positive balance (whether by reason of tax refunds, un-cashed cheques or otherwise) after one hundred eighty (180) days from the date of distribution of the Net Settlement Amount to the Authorized Claimants, any balance sufficient, in the opinion of Class Counsel and the Administrator acting reasonably, to warrant further distribution shall be allocated among the Authorized Claimants to the extent reasonably possible. In the event that the balance remaining in the Escrow Account is not sufficient to warrant a further distribution, the balance shall be distributed cy pres to a recipient approved by the Courts.
(4) Upon conclusion of the administration, the Administrator shall provide an accounting to the Parties for all payments made from the Escrow Account.
Conclusion of the Administration. (1) Following the Claims Bar Deadline, and in accordance with the terms of the Agreement, the Plan of Allocation, and such further order of the Court, as may be necessary, or as circumstances may require, the Administrator shall distribute the amount that remains in the Escrow Account to Authorized Claimants.
(2) No claims or appeals shall lie against the Releasees, the Settling Defendants, the Defendants’ counsel, Class Counsel, the Administrator, the Referee, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇ or ▇▇▇▇▇▇ Partners LLP based on distributions made substantially in accordance with the Agreement and the Plan of Allocation.
(3) If the Escrow Account is in a positive balance after one hundred eighty (180) days from the date of distribution to the Authorized Claimants, the Administrator shall, if economically feasible, allocate and distribute such balance among Authorized Claimants in an equitable fashion up to the limit of each authorized claimant’s actual loss. If there is a balance in the Escrow Settlement Account after each Authorized Claimant is paid up to his/her/its actual loss, the remaining funds shall be paid cy près to a recipient selected by the Plaintiffs and approved by the Court.
(4) Upon the conclusion of the administration, or at such other time(s) as the Court directs, the Administrator shall report to the Court on the administration and shall account for all monies it has received, administered and disbursed and obtain an order from the Court discharging it as Administrator.
Conclusion of the Administration. (1) Following the Claims Bar Deadline, and in accordance with the terms of this Agreement, the Plan of Allocation, and such further approvals or orders of the Courts as may be necessary, or as circumstances may require, the Administrator shall distribute the Escrow Settlement Amount to Authorized Claimants.
(2) No claims or appeals shall lie against Class Counsel or the Administrator based on distributions made substantially in accordance with the Agreement, the Plan of Allocation, or with any other order or judgment of the Courts.
Conclusion of the Administration. (1) Following the Claims Bar Deadline, and in accordance with the terms of this Settlement Agreement, the Distribution Protocol, and such further approval or order of the Court as may be necessary, or as circumstances may require, the Administrator shall distribute the Net Settlement Amount to Authorized Claimants.
(2) No claims or appeals shall lie against Class Counsel or the Administrator based on distributions made substantially in accordance with this Settlement Agreement, the Distribution Protocol, or with any other order or judgment of the Court.
(3) Upon conclusion of the administration, the Administrator shall provide an accounting to the Court for all payments made from the Settlement Trust Amount.
Conclusion of the Administration. (1) Following the Claims Bar Deadline, and in accordance with the terms of this Agreement, the Plan of Allocation, and such further approval or order of the Court as may be necessary, or as circumstances may require, the Administrator shall distribute the net Escrow Settlement Amount to Authorized Claimants.
(2) No claims or appeals shall lie against Class Counsel or the Administrator based on distributions made substantially in accordance with this Agreement, the Plan of Allocation, or with any other order or judgment of the Court.
(3) If the Escrow Settlement Account is in a positive balance (whether by reason of tax refunds, un-cashed cheques or otherwise) after one hundred eighty (180) days from the date of distribution of the Escrow Settlement Amount to the Authorized Claimants, the Administrator shall donate such balance to the Small Investor Protection Association (Canada), cy pres.
(4) Upon the conclusion of the administration, and before distribution of the Escrow Settlement Amount to the Authorized Claimants, the Administrator shall report to the Court on the administration and shall account for all monies it has received, administered and proposes to distribute in accordance with this Agreement and the Plan of Allocation.
Conclusion of the Administration. Upon the conclusion of the administration, or at such other time(s) as the Class Action Court directs, on application by Class Counsel, on notice to Xebec, the Individual Defendants and the Underwriter Defendants, the Claims Administrator shall report to the Class Action Court on the administration and shall account for all monies it has received, administered and disbursed including a full accounting of its own invoices, and obtain an order from the Class Action Court discharging it as Claims Administrator.