Common use of Payment of Valid Claims Clause in Contracts

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.