Common use of Issuance of Class Notice Clause in Contracts

Issuance of Class Notice. Within ten (10) calendar days after entry of the Preliminary Approval Order, Defendants shall provide an electronic file to the Settlement Administrator with the names, dates of birth, social security number, last known addresses, and Chesapeake investment information (specifically, holdings as of July 1, 2014, December 31, 2014, December 31, 2015, December 31, 2016, and December 28, 2017) of the Settlement Class to the extent available. The Parties and Settlement Administrator agree that this data shall be kept confidential pursuant to the terms of the Protective Order and will be used solely for the purpose of implementing this Settlement and may not be otherwise used or disclosed. Within the deadlines and in the manner set by the Court in the Preliminary Approval Order, the Settlement Administrator shall disseminate the Class Notice to the Settlement Class, which shall be provided with the opportunity to object to the certification of the Settlement Class, the Settlement, the Case Contribution Award, and the attorneys’ fees, costs, and expenses sought by Plaintiff’s Counsel. The cost of notice shall be paid first by the initial One Hundred Thousand Dollars and Zero Cents ($100,000), and any interest accrued thereon, pursuant to Section 2.5 below.

Appears in 2 contracts

Sources: Class Action Settlement Agreement, Class Action Settlement Agreement