Common use of Notification to Class Counsel Clause in Contracts

Notification to Class Counsel. No later than thirty (30) days before the Distribution Date, the Settlement Administrator shall provide ▇▇▇▇▇▇ and Class Counsel with (i) the names and addresses of Eligible Claimants whose claims have been approved, and the Individual Relief distributable to each Eligible Claimant, and (ii) the names and addresses of claimants deemed not eligible and a brief statement of the reason(s) why the claim has been disallowed, including any claim of falsity based on ▇▇▇▇▇▇’▇ records. The Settlement Administrator may provide this information in such form or media as ▇▇▇▇▇▇ and Class Counsel reasonably agree, subject to approval by the Settlement Administrator. The Parties will have the right to review the eligible and ineligible claims. Any Party that does not object in writing to the Settlement Administrator’s claims decisions and amounts within ten (10) days after receipt, shall have no further right to object to the Settlement Administrator’s list of claims and amounts payable. Should any Party timely object to the claims decision or computations, the Parties promptly shall seek to resolve any such dispute. If they cannot reach agreement within ten (10) days of receipt of a timely objection, the Parties shall submit their disagreement to the Court or, upon mutual agreement, to ▇▇▇ ▇▇▇▇▇▇▇ or another mutually agreeable arbitrator for disposition.

Appears in 1 contract

Sources: Settlement Agreement

Notification to Class Counsel. No later than thirty (30) calendar days before the Distribution Dateafter Final Approval, the Settlement Administrator shall provide ▇▇▇▇▇▇ Defendant, Defendant’s undersigned counsel, and Class Counsel with with (i) the names and addresses of Eligible Claimants whose claims have been approved, and the Individual Relief distributable Claim Payment payable to each Eligible Claimant, and (ii) the names and addresses of claimants deemed not eligible by the Settlement Administrator or challenged by a Party as a material misrepresentation, and a brief statement of the reason(s) why the claim has been disalloweddisallowed or challenged, including any claim of falsity based on ▇▇▇▇▇▇’▇ recordsmaterial misrepresentation. The Settlement Administrator may provide this information in such form or media as ▇▇▇▇▇▇ Defendant and Class Counsel reasonably agree, subject to approval by the Settlement Administrator. The Parties will have the right to review the eligible and ineligible claims. Any Party that If a party does not object in writing to the Settlement Administrator’s claims decisions and amounts or challenges by a party within ten fourteen (1014) calendar days after receipt, the Parties shall have no further right to object to the Settlement Administrator’s list of claims and amounts payable. Should any Party one of the Parties timely object to the claims decision or computations, the Parties Defendant and Class Counsel promptly shall seek to resolve any such dispute. If they cannot reach agreement within ten five (105) calendar days of receipt of a timely objection, the Parties shall submit their disagreement to the Court or, upon mutual agreement, to ▇▇▇ ▇▇▇▇▇▇▇ or another mutually agreeable arbitrator for disposition.

Appears in 1 contract

Sources: Settlement Agreement