Common use of Second Distribution Clause in Contracts

Second Distribution. Within 150 days after the Settlement Administrator mails the Individual Settlement Amount checks, the Settlement Administrator shall distribute the amount of any uncashed checks or remaining funds to those Settlement Class Members who cashed their Individual Settlement Amount checks. The amount of uncashed checks or remaining funds shall be allocated according to the method used for Calculation of the Individual Settlement Amounts.. The Settlement Administrator shall inform each of the Settlement Class Members receiving a second distribution that the check for any second distribution shall be cashed within 30 days or become void.

Appears in 1 contract

Sources: Settlement Agreement

Second Distribution. Within 150 185 days after the Settlement Administrator mails the Individual Settlement Amount checks, the Settlement Administrator shall distribute the amount of any uncashed checks or remaining funds to those Settlement Class Members who cashed their Individual Settlement Amount checks. The amount of uncashed checks or remaining funds shall be allocated according to the method used for Calculation calculation of the Individual Settlement Amounts.. . The Settlement Administrator shall inform each of the Settlement Class Members receiving a second distribution that the check for any second distribution shall be cashed within 30 days or become void.

Appears in 1 contract

Sources: Settlement Agreement