Common use of To Each Participating Class Member Clause in Contracts

To Each Participating Class Member. The Settlement Administrator will compute the settlement payment attributable to each Class Member by: (1) summing the total amount of rent paid by a Participating Class Member; (2) dividing that number by the total amount of rent paid by all Class Members; and (3) multiplying the resultant number by the Net Settlement Amount. In other words, the mathematical formula is: Individual Class Payment = [total rent paid by Participating Class Member / total rent paid by all Class Members] x the Net Settlement Amount. The average (mean) payout to each Participating Class Member is estimated to be approximately One-Thousand Dollars ($1,000).