Common use of Submission of Claim Form and Request for Exclusion Clause in Contracts

Submission of Claim Form and Request for Exclusion. If a Class Member submits both a Claim Form and an exclusion request, the Claim Form shall take precedence and be considered valid and binding, and the exclusion request will be deemed to have been sent by mistake and rejected. If more than one Class Member is a co-borrower or joint borrower on a loan, and one or more co-borrower or joint borrower submits a Claim Form and one or more co-borrower or joint borrower submits a request for exclusion, the Claim Form shall take precedence and be considered valid and binding, and the exclusion request will be deemed to have been sent by mistake and rejected.

Appears in 1 contract

Sources: Settlement Agreement

Submission of Claim Form and Request for Exclusion. If a Class Member submits both a Claim Form and an exclusion request, the Claim Form shall take precedence and be considered valid and binding, and the exclusion request will be deemed to have been sent by mistake and rejected. If more than one Class Member is a co-borrower or joint borrower on a loan, and one or more co-borrower or joint borrower submits a Claim Form Forms and one or more co-borrower or joint borrower submits a request for exclusion, the Claim Form shall take precedence and be considered valid and binding, and the exclusion request will be deemed to have been sent by mistake and rejected.

Appears in 1 contract

Sources: Settlement Agreement