Payment of Valid Claims Sample Clauses

The 'Payment of Valid Claims' clause establishes the obligation of one party to pay amounts that are legitimately owed to the other party under the terms of the agreement. In practice, this clause typically outlines the process for submitting claims, the criteria for determining their validity, and the timeframe within which payment must be made once a claim is approved. Its core function is to ensure that parties are compensated promptly and fairly for legitimate claims, thereby reducing disputes and promoting trust in the contractual relationship.
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Payment of Valid Claims whether via mailed check or electronic distribution, shall be made within thirty (30) days of the Effective Date.
Payment of Valid Claims. No later than the Deadline to Pay Valid Claims, the Settlement Administrator must calculate and pay the valid claims (by check or electronic payment) and provide the Identity Theft Protection Services. The Net Settlement Fund will be responsible for providing the Settlement Administrator with all payments necessary to provide the benefits deemed valid by the Settlement Administrator within the Deadline to Pay Valid Claims. In computing payment amounts for Cash Payments, the Settlement Administrator has authority to round payments to the nearest cent. If the total of all payments to be made exceeds the amount of the Net Settlement Fund, the Settlement Administrator shall randomly reduce a sufficient number of payments by one cent until the payments no longer exceed the Net Settlement Fund. The Settlement Administrator shall report to Class Counsel and Defendants on a periodic basis, or as requested, regarding the status of valid, invalid, and deficient claims.
Payment of Valid Claims whether via mailed check or electronic distribution, shall be made within forty-five (45) days of the Effective Date (“Initial Payment Date”), or within thirty (30) days of the date that the claim is approved, whichever is later. If this Settlement Agreement is terminated or otherwise does not become Final (e.g., disapproval by the Court or any appellate court) prior to the payment of ▇▇▇▇▇ Claims, ▇▇▇▇▇▇ shall have no obligation to pay such claims and shall only be required to pay costs and expenses related to notice and administration that were already incurred.
Payment of Valid Claims. Valid Claims shall be paid by an electronic deposit through Venmo, prepaid card or Zelle with checks available upon request to the Settlement Class Member within sixty (60) days after the Effective Date, subject to reasonable extension upon mutual agreement by the Parties if necessary for the Claim Administrator, the Parties and/or the Court to complete the claim determination and processing processes described in Paragraph 4.6. All settlement checks shall be void and no longer negotiable one hundred twenty (120) day after the date the check was issued. If a settlement check is not negotiated, the Settlement Class Member shall not be entitled to any further payment under this Agreement. If a settlement check is returned as undeliverable, the Claim Administrator shall send an email to the claimant, if an email address was provided with the claim, to attempt to obtain a better address, and if obtained, shall mail the check to the new address, but the re- mailing of any check will not extend the 120-day period after which the check will become void. The return or failure to cash checks shall have no effect on a Settlement Class Member’s release of claims, obligations, representations, or warranties as provided herein, which shall remain in full effect. Funds from uncashed checks shall be paid to a cy pres charity to be agreed upon between the parties and approved by the Court.
Payment of Valid Claims whether via mailed check or electronic distribution, shall be made within ninety (90) days of the date that all claims have been evaluated and as necessary adjusted pro rata.
Payment of Valid Claims. An amount equal to the Available Settlement Funds, which shall be remitted to the Claims Administrator within ten (10) business days of the Effective Date.
Payment of Valid Claims. No later than the Deadline to Pay Valid Claims, the Settlement Administrator must pay the valid claim (by check or by other payment means agreed to by the parties) and/or arrange for the provision of Identity Theft Protection Services, as appropriate for the claim. The Settlement Fund will be responsible for providing the Settlement Administrator with all payments necessary to provide the benefits deemed valid by the Settlement Administrator within the Deadline to Pay Valid Claims. The Settlement Administrator shall report to Class Counsel and Defendants on a periodic basis regarding the status of valid, invalid, and deficient claims.
Payment of Valid Claims. 4.4.3.1. The Town shall begin to pay timely, valid and approved Claims for cash relief sixty (60) days following the Effective Date for all claims approved by the Settlement Administrator and in accordance with paragraphs 4.2.1, 4.2.2, and 4.2.3, and shall complete the payment of all timely, valid and approved Claims subject to availability of the Fund in accordance with paragraph 4.2.4 following the Claim Form Deadline.
Payment of Valid Claims. Following the Effective Date, the Settlement Administrator must calculate and pay the valid claims (by check or by other payment means agreed to by the parties). The Net Settlement Fund will be utilized for providing the all payments necessary to provide the benefits deemed valid by the Settlement Administrator within the Deadline to Pay Valid Claims. In computing payment amounts for Alternative Cash Payments and California Additional Cash Payments, the Settlement Administrator has authority to round payments to the nearest cent. If the total of all payments to be made exceeds the amount of the Net Settlement Fund, the Settlement Administrator shall randomly reduce a sufficient number of payments by one cent until the payments no longer exceed the Net Settlement Fund. The Settlement Administrator shall report to Class Counsel and Defendant on a periodic basis, or as requested, regarding the status of valid, invalid, and deficient claims. No Person shall have any claim against Plaintiffs, Class Counsel, Released Parties, CorrectCare, CorrectCare’s counsel, or the Settlement Administrator based on distributions made substantially in accordance with this Agreement or otherwise as further ordered by the Court. This provision does not include any claim by any party for breach of this Agreement.
Payment of Valid Claims. Payments for Valid Claims shall be transferred electronically or mailed and postmarked after the Effective Date and within sixty (60) days of the Effective Date and/or thirty (30) days of the date that the claim is approved, whichever is latest.