Common use of Scenario 2 Clause in Contracts

Scenario 2. In the event the Net Settlement Fund is less than the total of the Amounts Allegedly Withheld for all Claimants submitting Valid Claims, but greater than the amount needed to pay each Claimant submitting a Valid Claim his or her Adjusted Amount (specified below), Claimants submitting a Valid Claim will receive Settlement Payments of their Adjusted Amount. The “Adjusted Amount” for each Claimant, based on the Claimant’s “Payment Group” will be defined as follows:

Appears in 2 contracts

Sources: Class Action Settlement Agreement, Class Action Settlement Agreement