Common use of Notification to Class Counsel Clause in Contracts

Notification to Class Counsel. Approximately 100 days after the Distribution Date, the Settlement Administrator shall notify Class Counsel and Defendants’ counsel in writing of the number of Class Members to whom payments were made, the number of Class Members to whom checks were sent, the number of Class Members who did not cash the checks, the total dollar amount of the checks and electronic payments distributed, the total dollar amount of uncashed checks, and the remaining balance of the Settlement Fund, bank fees, and other administration expenses. If there is a Second Distribution hereunder, the Settlement Administrator shall provide a supplemental affidavit approximately 70 days after the Second Distribution with the same detail provided.

Notification to Class Counsel. Approximately 100 one hundred (120) days after the Distribution Date, the Settlement Administrator shall notify Class Counsel and Defendants’ Value Finance’s counsel in writing of the number of Class Members to whom payments were made, the number of Class Members to whom checks were sent, the number of Class Members who did not cash the checks, the total dollar amount of the checks and electronic payments distributed, the total dollar amount of uncashed checks, and the remaining balance of the Settlement Fund, bank fees, and other administration expenses. If there is a Second Distribution hereunder, the Settlement Administrator shall provide a supplemental affidavit approximately 70 sixty (60) days after the Second Distribution with the same detail provided.