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04/05/2016 (2)
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04/05/2016 (2)
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Last modified
9/11/2024 3:47:57 PM
Creation date
6/21/2016 12:53:50 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
04/05/2016
Meeting Body
Board of County Commissioners
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iii The remaining portion of the Net Soc Gen Fund shall be distributed, on a pro rata basis, to the Authorize <br /> Claimants in an amount based on their remaining Pro Rata Claims, to the extent funds are available. <br /> d. The Net Piper Fund shall be distributed in the following manner: <br /> i.I Authorized Claimants shall first be paid, on a pro rata basis, the portion of their Recognized Claim that equa <br /> the`amount of their remaining Offered Claim(s), to the extent funds are available. <br /> ii.j The remaining portion of the Net Piper Fund shall be distributed,on a pro rata basis,to the Authorized Claiman <br /> in an amount based on their remaining Pro Rata Claims, to the extent funds are available. <br /> e. The Net NatWest Fund shall be distributed in the following manner: <br /> I. I Authorized Claimants shall first be paid, on a pro rata basis, the portion of their Recognized Claim that equa <br /> the amount of their remaining Offered Claim(s), to the extent funds are available. <br /> ii.I The remaining portion of the Net NatWest Fund shall be distributed, on a pro rata basis, to the Authorize <br /> Claimants in an amount based on their remaining Pro Rata Claims, to the extent funds are available. <br /> f. Thl Net GK Baum Fund shall be distributed in the following manner: <br /> i. I Authorized Claimants shall first be paid, on a pro rata basis,the portion of their Recognized Claim that equa <br /> the amount of their remaining Offered Claim(s), to the extent funds are available. <br /> `y ii. I The remaining portion of the Net GK Baum Fund shall be distributed, on a pro rata basis, to the Authorize <br /> Claimants in an amount based on their remaining Pro Rata Claims,to the extent funds are available. <br /> g. The Settlement Administrator has the discretion to adjudicate any dispute about the scope of an individu <br /> claimant's release and, as a result, to make any necessary adjustments to which Authorized Claimants are exclude <br /> from participating in any of the Net Settlement Funds set forth in (a)-(e)above. <br /> 10. De Minimus Amount. In order to avoid paying claims in situations where the cost of processing the claim exceeds tt <br /> payment made,no claim will be paid to any claimant if the total payment to that claimant would be $10 or less; in such <br /> event, the payment amount will revert back the relevant Allocation Fund. <br /> 11. Rounding. The distribution to each Authorized Claimant from the Net Allocation Funds will be rounded off to t1 <br /> nearest dollar.The Distribution Plan may be modified upon further order of the Court.Any updates will be published on t1 <br /> website www.MunicipalDerivativesSettlement.com. <br /> 1 <br /> i <br /> I <br /> 66 <br /> -3- <br />
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