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Explanation: The purpose of this section is to provide class members with an understanding of the testing methodology for the home inspection required by the Settlement Agreement. Please refer to the Settlement Agreement for defined terms, which are indicated by a capitalized first letter. The inspection protocol below is contingent upon the class member's EIFS clad structure being covered by the Settlement. All owners of covered Property will receive a copy of the Inspection Report. The Inspection Report will be used by the Claims Administrator in making Recovery Program determinations, including the determination of whether the Property qualifes for a cash out option.
This Inspection Protocol may be modifed by counsel for the Parties, subject to Court approval, or by ordor of the Court.
Each Property shall be inspected by an Independent Inspector. The Independent Inspector shall document through field notes, photographs and/or drawing(s), the results of the inspection conducted consistent with this Protocol and shall record such results in a standardized form Inspection Report. The Inspection Report will present factual information regarding the physical make-up and construction features of the Property as well as present results from moisture testing and visual observations. The Report will be submitted to the Claims Administrator for analysis and the dissemination of the information contained therein.