Common use of Settlement Class Member Payments Clause in Contracts

Settlement Class Member Payments. Of the $4,250,000.00 paid or credited into the Settlement Fund, $2,932,500 (69%) is allocated to the APPSN Fee Class and $1,317,500 (31%) is allocated to the Retry NSF Fee Class. If applicable, Settlement Class Members may receive payments as members of the APPSN Fee Class and the Retry NSF Fee Class. Based on this allocation, payments from the Net Settlement Fund to the Settlement Class Members shall be calculated as follows: i. Settlement Class Members of the APPSN Fee Class shall be paid per incurred APPSN Fee calculated as follows: (0.69 of the Net Settlement Fund/Total APPSN Fees) x Total number of APPSN Fees charged to and paid by each APPSN Fee Class member; ii. Settlement Class Members of the Retry NSF Fee Class shall be paid per Retry NSF Fee calculated as follows: (0.31 of the Net Settlement Fund/Total Retry NSF Fees) x Total number of Retry NSF Fees charged to and paid by each Retry NSF Fee Class member; iii. Settlement Class Member Payments shall be made no later than 90 days after the Effective Date, as follows:

Settlement Class Member Payments. Of the $4,250,000.00 2,850,000.00 paid or credited into the Settlement Fund, $2,932,500 2,830,000 (6999.3%) is allocated to the APPSN Fee Class and $1,317,500 20,000.00 (31.7%) is allocated to the Retry NSF Account Verification Fee Class. If applicable, Settlement Class Members may receive payments as members of the APPSN Fee Class and the Retry NSF Account Verification Fee Class. Based on this allocation, payments from the Net Settlement Fund to the Settlement Class Members shall be calculated as follows: i. Settlement Class Members of the APPSN Fee Class shall be paid per incurred APPSN Fee calculated as follows: (0.69 0.993 of the Net Settlement Fund/Total APPSN Fees) x Total number of APPSN Fees charged to and paid by each APPSN Fee Class member; ii. Settlement Class Members of the Retry NSF Account Verification Fee Class shall be paid per Retry NSF Account Verification Fee calculated as follows: (0.31 0.007 of the Net Settlement Fund/Total Retry NSF Account Verification Fees) x Total number of Retry NSF Account Verification Fees charged to and paid by each Retry NSF Account Verification Fee Class member; iii. Settlement Class Member Payments shall be made no later than 90 days after the Effective Date, as follows: