Common use of Distribution of Net Settlement Fund Clause in Contracts

Distribution of Net Settlement Fund. As soon as practicable but no later than sixty (60) days from the Effective Date, BancorpSouth and the Settlement Administrator shall distribute the Net Settlement Fund as set forth in this Section XII. Each Settlement Class Member who had a Differential Overdraft Fee and has not opted out as provided herein shall receive a distribution in the amount of a pro rata share of the Net Settlement Fund.

Distribution of Net Settlement Fund. 108. As soon as practicable practicable, but no later than sixty (60) 120 days from the Effective Date, BancorpSouth and the Settlement Administrator shall distribute the Net Settlement Fund as set forth in this Section XIISection. Each Settlement Class Member who had a Positive Overdraft Differential Overdraft Fee and has not opted out as provided herein shall receive a distribution in the amount of a pro rata share of the Net Settlement Fund.