Group B: Settlement Claimants Who Previously Received Partial RCBs. The Claim Settlement Payments to Claimants from whom estimated Non-Material Depreciation was initially deducted from their ACV payments and who partially recovered the initially deducted Non-Material Depreciation through payment of replacement cost benefits will be equal to 100% of the estimated Non-Material Depreciation that was not fully recovered, plus 44% of the estimated General Contractor Overhead and Profit Depreciation (if any) that was initially deducted from the ACV payment and that was not fully recovered through payment of replacement cost benefits, plus simple interest at 5.55% on those additional amounts to be paid from March 8, 2017, to the Effective Date.
Appears in 1 contract
Sources: Settlement Agreement
Group B: Settlement Claimants Who Previously Received Partial RCBs. The Claim Settlement Payments to Claimants from whom estimated Non-Material Depreciation was initially deducted from their ACV payments and who partially recovered the initially deducted Non-Material Depreciation through payment of replacement cost benefits RCBs will be equal to 100% of the estimated Non-Non- Material Depreciation that was not fully recovered, plus 44% of the estimated General Contractor Overhead and Profit Depreciation (if any) that was initially deducted from the ACV payment and that was not fully recovered through payment of replacement cost benefitsRCBs, plus simple interest at 5.55% on those additional amounts to be paid from March 8, 2017, to the Effective Date.
Appears in 1 contract
Sources: Settlement Agreement