Common use of Unclaimed Amounts Clause in Contracts

Unclaimed Amounts. A Settlement Class Member must make a valid claim to obtain their respective Settlement Share. If any Settlement Class Member does not make a valid claim by submitting a valid and timely Claim Form, then the value of the Settlement Share for such Settlement Class Member(s) shall be deemed an “Unclaimed Amount.” Unclaimed Amounts shall be retained by Defendants.

Appears in 2 contracts

Sources: Settlement Agreement, Settlement Agreement