Common use of Scenario 1 Clause in Contracts

Scenario 1. In the event that the Net Settlement Fund exceeds the total of the Amounts Allegedly Withheld for all Claimants submitting Valid Claims, Claimants submitting Valid Claims will be paid their Amount Allegedly Withheld, regardless of the Payment Group (defined below) to which they are assigned. Any remaining amount left in the Net Settlement Fund will be paid to the Cy Pres Recipients identified in § 1.11.

Appears in 2 contracts

Sources: Class Action Settlement Agreement, Class Action Settlement Agreement