Common use of Distribution of Net Settlement Fund Clause in Contracts

Distribution of Net Settlement Fund. Upon the Effective Date and thereafter, and in accordance with the terms of this Agreement, the Distribution Plan, or any order(s) of the Court as may be necessary or as circumstances may require, the Net Settlement Fund shall be distributed to Authorized Claimants, subject to and in accordance with the following: 18.1. Each Class Member who claims to be an Authorized Claimant shall be required to submit to the Claims Administrator a verified completed Proof of Claim and Release supported by such documents as specified in the Proof of Claim and Release and as are reasonably available to such Class Member; 18.2. Except as otherwise ordered by the Court, each Class Member who fails to submit a Proof of Claim and Release within such period as may be ordered by the Court, or otherwise allowed, shall be forever barred from receiving any payments pursuant to this Agreement and the Settlement set forth herein, but shall in all other respects be subject to and bound by the provisions of this Agreement, the releases contained in this Agreement, and the Judgment; 18.3. The Net Settlement Fund shall be distributed to Authorized Claimants and, in no event, shall there be any reversion to Barclays. The distribution to Authorized Claimants shall be substantially in accordance with the Distribution Plan to be approved by the Court upon such further notice to the Class as may be required. Any such Distribution Plan is not a part of this Agreement. No funds from the Net Settlement Fund shall be distributed to Authorized Claimants until the Effective Date; and 18.4. Each Class Member shall be subject to and bound by the provisions of this Agreement, the releases contained herein, and the Judgment, regardless of whether such Class Member seeks or obtains by any means, including, without limitation, by submitting a Proof of Claim and Release or any similar document, any distribution from the Net Settlement Fund.

Distribution of Net Settlement Fund. Upon the Effective Date and thereafter, and in accordance with the terms of this Agreement, the Distribution Plan, or any Plan and such further approval and further order(s) of the Court as may be necessary or as circumstances may require, the Net Settlement Fund shall be distributed to Authorized Claimants, subject to and in accordance with the following: 18.1. a. Each member of the Class Member who claims to be an Authorized Claimant shall be required to submit to the Notice and Claims Administrator a verified completed Proof of Claim and Release supported in such form as shall be approved by such documents as specified in the Proof of Claim and Release and as are reasonably available to such Class MemberCourt; 18.2. b. Except as otherwise ordered by the Court, each member of the Class Member who fails to submit a Proof of Claim and Release within such period as may be ordered by the Court, or as otherwise allowed, shall be forever barred from receiving any payments pursuant to this Agreement and the Settlement set forth herein, but shall in all other respects be subject to and bound by the provisions of this Agreement, the releases contained in this Agreement, and the Judgment; 18.3. c. The Net Settlement Fund shall be distributed to Authorized Claimants and, in no event, shall there be any reversion to Barclays. The distribution to Authorized Claimants shall be substantially in accordance with the a Distribution Plan to be approved by the Court upon such further notice to the Class as may be requiredCourt. Any such Distribution Plan is not a part of this Agreement. No funds from the Net Settlement Fund shall be distributed to Authorized Claimants until after the Effective Date; and 18.4. Each d. All Class Member Members shall be subject to and bound by the provisions of this Agreement, the releases contained herein, and the JudgmentJudgment with respect to all Released Claims, regardless of whether such Class Member seeks Persons seek or obtains obtain by any means, including, without limitation, by submitting a Proof of Claim and Release or any similar document, any distribution from the Gross Settlement Fund or the Net Settlement Fund.

Distribution of Net Settlement Fund. Upon the Effective Date and thereafter, and in accordance with the terms of this Agreement, the Distribution Plan, or any Plan and such further approval and further order(s) of the Court as may be necessary or as circumstances may require, the Net Settlement Fund shall be distributed to Authorized Claimants, subject to and in accordance with the following: 18.1. a. Each member of the Class Member who claims to be an Authorized Claimant shall be required to submit to the Notice and Claims Administrator a verified completed Proof of Claim and Release supported in such form as shall be approved by such documents as specified in the Proof of Claim and Release and as are reasonably available to such Class MemberCourt; 18.2. b. Except as otherwise ordered by the Court, each member of the Class Member who fails to submit a Proof of Claim and Release within such period as may be ordered by the Court, 15 or as otherwise allowed, shall be forever barred from receiving any payments pursuant to this Agreement and the Settlement set forth herein, but shall in all other respects be subject to and bound by the provisions of this Agreement, the releases contained in this Agreement, and the Judgment; 18.3. c. The Net Settlement Fund shall be distributed to Authorized Claimants and, in no event, shall there be any reversion to Barclays. The distribution to Authorized Claimants shall be substantially in accordance with the a Distribution Plan to be approved by the Court upon such further notice to the Class as may be requiredCourt. Any such Distribution Plan is not a part of this Agreement. No funds from the Net Settlement Fund shall be distributed to Authorized Claimants until after the Effective Date; and 18.4. Each d. All Class Member Members shall be subject to and bound by the provisions of this Agreement, the releases contained herein, and the JudgmentJudgment with respect to all Released Claims, regardless of whether such Class Member seeks Persons seek or obtains obtain by any means, including, without limitation, by submitting a Proof of Claim and Release or any similar document, any distribution from the Gross Settlement Fund or the Net Settlement Fund.