FAQ # 8
When and how will payments be made to Bosch Eligible Claimants?
The means and timing of payment will depend on the category of Bosch Eligible Claimants.
As we know the overall number of Direct Claimants who received the corresponding lessee or seller benefits in the 2L Settlement or 3L Settlement, and the Claims Administrator has information that would allow it to simply mail cheques to their last known addresses, the payments for 3L Gen 2 Lessee Payments, 2L Seller Payments and 3L Seller Payments can be made first and without the need for a claims process. These payments will be made after the end of the Extended Warranty Claims Period.
Payments for Extended Warranty Claims require a claims process where the Claims Administrator will review the information submitted, verify eligibility and if the Extended Warranty Criteria is met, calculate the initial entitlement of the Eligible 2L Extended Warranty Claimant. This initial entitlement may change for two reasons:
(a) Depending on the number of valid Extended Warranty Claims submitted, it may be necessary to pro-rate the payments made to each Eligible 2L Extended Warranty Claimants from the Notional Extended Warranty Entitlement; and
(b) It is possible that some of the 3L Gen 2 Lessee Payments, 2L Seller Payments and 3L Seller Payments will be undeliverable or remain uncashed after 6 months. Cheques that remained uncashed after 6 months will become staled-dated, and the corresponding payment will be deemed forfeited, and will be used to increase the amount of money available to pay valid Extended Warranty Claims.
For this reason, it is not possible to begin making payment of Extended Warranty Claims until the end of the Extended Warranty Claims Period, and after 6 months from delivery of payment to all Direct Claimants. We expect that payment of Extended Warranty Claims will be made as soon as possible after the end of the Extended Warranty Claims Period, and will be accompanied by a letter explaining the calculation of the payment, and any adjustments made.