Unclaimed Distributions Sample Clauses

Unclaimed Distributions. In the event that funds remain in the Environmental Response Trust at its termination, the amounts remaining shall be transferred, upon written confirmation by the United States, the State of Michigan and the State of Ohio, to the Superfund, a clean-up fund or account in Michigan to be designated by the MDEQ, and/or the hazardous waste clean-up fund created by Ohio Revised Code 3734.28.

Unclaimed Distributions. If any benefit payment mailed by regular U.S. Mail to the last address of the payee furnished by the Company is returned unclaimed, the Trustee shall so notify the Company and shall discontinue further payments to such payee until it receives further instructions of the Company.

Unclaimed Distributions. Upon the dissolution of the Environmental Custodial Trust, and after the payment or making of reasonable provision for payment of all obligations of the Environmental Custodial Trust in accordance with applicable law, the Environmental Custodial Trust Trustee shall, as expeditiously as is consistent with the conservation and preservation of the Environmental Trust Assets, distribute any remaining assets in the Environmental Custodial Trust to such federal and state accounts as the Environmental Trust Beneficiaries designate; provided none of such assets shall be distributed to any of the Debtors or Reorganized Debtors.

Unclaimed Distributions. Upon the termination of the Environmental Response Trust, and after payment of all obligations of the Environmental Response Trust in accordance with applicable law, the Environmental Response Trust Administrative Trustee shall, as expeditiously as is consistent with the conservation and preservation of the Environmental Trust Assets, distribute any remaining assets in the Environmental Response Trust in accordance with this Agreement and the terms of Paragraphs 53, 54, 77, and 82 of the Settlement Agreement.

Unclaimed Distributions. In the event that funds remain in the Texas Custodial Trust at its termination, the amounts remaining shall be transferred as set forth in Section 2.5 of this Agreement.

Unclaimed Distributions. If the Company has mailed three successive distributions to a member addressed to the member’s address shown on the company’s current record of members and the distributions have been returned as undeliverable, no further attempt to deliver distributions to that member need be made until another address for the member is made known to the company, at which time all distributions accumulated by reason of this section shall, except as otherwise provided by law, be mailed to the member at the other address.

Unclaimed Distributions. Any distribution check that is not cashed within 180 days of mailing may be deemed unclaimed by the Settlement Administrator of the Funds. The Settlement Administrator shall make a timely report of the amount of such unclaimed distributions to Class Counsel and the First Judicial District Court. Subject to further order of the First Judicial District Court, the Settlement Administrator shall, no later than 240 days after mailing of the initial distribution checks, distribute unclaimed funds among the Non-Same-as Fed Eligible Class Members who did receive and cash their distributions. The distribution of unclaimed settlement amounts will be equal to the same proportionate percentage of the Net Settlement Fund to which he was entitled as an Eligible Class Member. If, after such supplemental distribution, any sums remain, the Settlement Administrator shall make report to the First Judicial District Court and Class Counsel and seek further direction, including the cy pres of the remaining funds.

Unclaimed Distributions. (i) If a distribution to any Beneficiary is returned as undeliverable, the Litigation Trustee shall use the following procedure to determine such Beneficiary’s then current address: (i) send the distribution twice to the last known address of the Beneficiary; (ii) if the distribution is returned, to contact the post office of the last known address to determine if such Beneficiary has left a forwarding address, and if so, to send the distribution to such forwarding address. (ii) If such Beneficiary cannot be located within 6 months after the foregoing procedures have been followed, (a) such Person shall no longer be deemed to be a Beneficiary, (b) any Trust Assets, Trust Cash and interest and proceeds thereon allocable to such Person, net of any allocable portion of taxes paid by the Trust, shall become part of the Trust Assets free and clear of and from any claim to such property by or on behalf of such Person (who shall be deemed to have released such claim or interest) and shall be distributed to the other Beneficiaries as provided in this Litigation Trust Agreement, and (c) the Trust Register shall be amended and updated to reflect the removal of such Person as a Beneficiary.

Unclaimed Distributions. Except with respect to property not distributed because it is being held in a Disputed Reserve, Distributions that are not claimed by the expiration of one year from the Effective Date shall be deemed to be unclaimed property under Section 347(b), of the Code and shall vest or revest in the UCT, and the Trust Claims with respect to which those Distributions were made shall be automatically canceled and extinguished by the UCT. After the expiration of that one-year period, the claim to those Distributions shall be discharged and forever barred. Nothing contained in the Plan shall require Fruit of the Loom or the UCT to attempt to locate any holder of an Allowed Claim. All funds or other property that vests or revests in the UCT, pursuant to this Section, shall be distributed by UCT to the other holders of Trust Claims, in accordance with the provisions of the Plan applicable to Distributions to those Trust Claims.