Common use of CERTIFICATION OR AUTHORIZATION FOR SETTLEMENT ONLY Clause in Contracts

CERTIFICATION OR AUTHORIZATION FOR SETTLEMENT ONLY. (1) The Parties agree that the Proceedings shall be certified or authorized as class proceedings as against the Settling Defendants solely for purposes of settlement of the Proceedings in respect of the Settling Defendants and the approval of this Settlement Agreement by the Courts. (2) The Parties agree that the only common issue that they will seek to define is the Common Issue and the only classes that they will assert are the Settlement Classes in the motions for certification or authorization of the relevant Proceedings and for the approval of this Settlement Agreement. (3) The Parties agree that the certification or authorization of the relevant Proceedings as against the Settling Defendants for the purpose of implementing this Settlement Agreement, shall not derogate in any way from the rights of the Plaintiffs as against the Non-Settling Defendants and other parties.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

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CERTIFICATION OR AUTHORIZATION FOR SETTLEMENT ONLY. β€Œ (1) The Parties agree that the Proceedings shall be certified or authorized as class proceedings as against the Settling Defendants solely for purposes of settlement of the Proceedings in respect of the Settling Defendants and the approval of this Settlement Agreement by the Courts. (2) The Parties agree that the only common issue that they will seek to define is the Common Issue and the only classes that they will assert are the Settlement Classes in the motions for certification or authorization of the relevant Proceedings and for the approval of this Settlement Agreement. (3) The Parties agree that the certification or authorization of the relevant Proceedings as against the Settling Defendants for the purpose of implementing this Settlement Agreement, shall not derogate in any way from the rights of the Plaintiffs as against the Non-Settling Defendants and other parties.

Appears in 1 contract

Samples: Settlement Agreement

CERTIFICATION OR AUTHORIZATION FOR SETTLEMENT ONLY. (1) The Parties agree that the Proceedings shall be certified or authorized as class proceedings as against the Settling Defendants solely for purposes of settlement of the Proceedings in respect of the Settling Defendants and the approval of this Settlement Agreement by the Courts. (2) The Parties agree that the only common issue that they will seek to define is the Common Issue and the only classes that they will assert are the Settlement Classes in the motions applications for certification or authorization of the relevant Proceedings and for the approval of this Settlement Agreement. (3) The Parties agree that the certification or authorization of the relevant Proceedings as against the Settling Defendants for the purpose of implementing this Settlement Agreement, shall not derogate in any way from the rights of the Plaintiffs as against the Non-Settling Defendants and or any other partiesPersons or parties that are not Releasees, except as expressly set out in this Settlement Agreement.

Appears in 1 contract

Samples: Settlement Agreement

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CERTIFICATION OR AUTHORIZATION FOR SETTLEMENT ONLY. β€Œ (1) The Parties agree that the Proceedings shall be certified or authorized as class proceedings as against the Settling Defendants Defendant solely for purposes of settlement of the Proceedings in respect of the Settling Defendants Defendant and the approval of this Settlement Agreement by the Courts. (2) The Parties agree that the only common issue that they will seek to define is the Common Issue and the only classes that they will assert are the Settlement Classes in the motions for certification or authorization of the relevant Proceedings and for the approval of this Settlement Agreement. (3) The Parties agree that the certification or authorization of the relevant Proceedings as against the Settling Defendants Defendant for the purpose of implementing this Settlement Agreement, shall not derogate in any way from the rights of the Plaintiffs as against the Non-Settling Defendants and other parties.

Appears in 1 contract

Samples: Settlement Agreement

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