Common use of – CONDITIONS TO FINALITY OF SETTLEMENT Clause in Contracts

– CONDITIONS TO FINALITY OF SETTLEMENT. This Settlement shall be contingent upon each of the following conditions in this Article 11 being satisfied. The Settling Parties agree that if any of these conditions is not satisfied, then this Settlement Agreement is terminated (subject to Defendants’ right to waive the condition set forth in Section 11.4) and the Class Action will, for all purposes with respect to the Settling Parties, revert to its status as of the Settlement Agreement Execution Date. In such event, Defendants will not be deemed to have consented to the class certification order referenced in Section 11.1, the agreements and stipulations in this Settlement Agreement concerning class definition or class certification shall not be used as evidence or argument to support a motion for class certification, and Defendants will retain all rights with respect to challenging class certification.

Appears in 9 contracts

Samples: Action Settlement Agreement, Class Action Settlement Agreement, Action Settlement Agreement

AutoNDA by SimpleDocs

– CONDITIONS TO FINALITY OF SETTLEMENT. This Settlement shall be contingent upon each of the following conditions in this Article 11 1 being satisfied. The Settling Parties agree that if any of these conditions is not satisfied, then this Settlement Agreement is terminated (subject to Defendants’ right to waive the condition set forth in Section 11.4) and the Class Action will, for all purposes with respect to the Settling Parties, revert to its status as of the Settlement Agreement Execution Date. In such event, Defendants will not be deemed to have consented to the class certification order referenced in Section 11.1, the agreements and stipulations in this Settlement Agreement concerning class definition or class certification shall not be used as evidence or argument to support a motion for class certification, and Defendants will retain all rights with respect to challenging class certification.

Appears in 1 contract

Samples: Class Action Settlement Agreement

AutoNDA by SimpleDocs

– CONDITIONS TO FINALITY OF SETTLEMENT. This Settlement shall be contingent upon each of the following conditions in this Article 11 being satisfied. The Settling Parties agree that if any of these conditions is not satisfied, then this Settlement Agreement is terminated (subject to Defendants’ right to waive the condition set forth in Section 11.4) and the Class Action will, will for all purposes with respect to the Settling Parties, Parties revert to its status as of the Settlement Agreement Execution Date. In such event, Defendants will not be deemed to have consented to the class certification order referenced in Section Paragraph 11.1, the agreements and stipulations in this Settlement Agreement concerning class definition or class certification shall not be used as evidence or argument to support a motion for class certification, and Defendants will retain all rights with respect to challenging class certification.

Appears in 1 contract

Samples: Class Action Settlement Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.