Common use of Cy Pres Distribution Clause in Contracts

Cy Pres Distribution. If there is any money remaining in the Settlement Fund after payment of the Settlement Costs (including costs of notice and claims administration), awards to Settlement Class Members and any Redistributions, such monies will be distributed to non-profit charitable organizations (the “Cy Pres Distribution”). The Cy Pres Distribution shall be made 60 days after completion of the distribution of settlement award payments or, if necessary, after all Redistributions have been exhausted, whichever is later. Plaintiff and Synchrony shall agree to up to four proposed recipients of the Cy Pres Distribution and the Parties shall submit a filing to the Court identifying such proposed recipients. The Cy Pres Distribution shall be made equally among the recipients designated by the Parties, subject to approval by the Court. If, for any reason, the Parties and/or the Court determine that one or more proposed recipients are not or are no longer appropriate recipients, the Parties shall agree on replacement recipient(s) of such monies, subject to approval by the Court.

Cy Pres Distribution. If there is any money remaining in the Debt Collection Settlement Fund after payment of the Settlement Costs (including costs of notice and claims administration)Costs, awards to Debt Collection Settlement Class Members and any Redistributions, such monies will be distributed to non-profit charitable organizations (the “Cy Pres Distribution”)organizations. The Cy Pres Distribution shall be made 60 240 days after completion of the distribution of settlement award payments Settlement Awards or, if necessary, after all Redistributions have been exhausted, whichever is later. Plaintiff and Synchrony The Parties shall agree to up to four upon the proposed recipients recipient(s) of the Cy Pres Distribution and the Parties shall submit a filing to the Court identifying such proposed recipientsrecipient(s). The Cy Pres Distribution shall be made equally among the recipients designated by the Parties, subject to approval by the Court. If, for any reason, the Parties and/or the Court determine that one or more proposed recipients are not or are no longer appropriate recipients, the Parties shall agree on replacement recipient(s) of such monies, subject to approval by Court approval. The Parties shall agree that the Courtdesignated Cy Pres recipient(s) shall confirm in writing that funds will not be used for litigation or political advocacy, and that American Express’s or WAMS’s name will not be used without their consent.

Cy Pres Distribution. If there is any money remaining in the Settlement Fund after payment of the Settlement Costs (including costs of notice and claims administration), awards to Settlement Class Members and any Redistributions, such monies will be distributed to non-profit charitable organizations (the “Cy Pres Distribution”). The Cy Pres Distribution shall be made 60 days after completion of the distribution of settlement award payments or, if necessary, after all Redistributions have been exhausted, whichever is later. Plaintiff and Synchrony Everything Breaks shall agree to up to four two proposed recipients of the Cy Pres Distribution and the Parties shall submit a filing to the Court identifying such proposed recipients. The Cy Pres Distribution shall be made equally among the recipients designated by the Parties, subject to approval by the Court. If, for any reason, the Parties and/or the Court determine that one or more proposed recipients are not or are no longer appropriate recipients, the Parties shall agree on replacement recipient(s) of such monies, subject to approval by the Court.