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04/05/2016 (2)
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04/05/2016 (2)
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Last modified
7/31/2025 11:08:43 AM
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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ii! 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 distnbuted 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. The Net GK Baum Fund shall be distributed in the following manner: <br />i. 1 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 tt <br />nearest dollar. The Distribution Plan may be modified upon further order of the Court. Any updates will be published on tt <br />website www.MunicipalDerivativesSettlement.com. <br />1 <br />66 <br />-3- <br />
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