Common use of Unclaimed Distributions Clause in Contracts

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. 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 a report to the First Judicial District Court and Class Counsel and seek further direction, including the cy pres of the remaining funds.