Common use of DENIAL OF WRONGDOING AND LIABILITY Clause in Contracts

DENIAL OF WRONGDOING AND LIABILITY. Defendants deny each and all of the claims and contentions alleged against them in the Litigation. Defendants deny all charges of wrongdoing or liability as alleged, or which could be alleged, in the Litigation. Nonetheless, Defendants have concluded that further conduct of the Litigation would be protracted and expensive, and that it is desirable that the Litigation be fully and finally settled in the manner and upon the terms and conditions set forth in this Settlement Agreement. Defendants have considered the uncertainty and risks inherent in any litigation. Defendants have, therefore, determined that it is desirable and beneficial that the Litigation be settled in the manner and upon the terms and conditions set forth in this Settlement Agreement.

DENIAL OF WRONGDOING AND LIABILITY. Defendants deny Defendant denies each and all of the claims and contentions alleged against them it in the Litigation. Defendants deny Defendant denies all charges of wrongdoing or liability as alleged, or which could be alleged, in the Litigation. Nonetheless, Defendants have Defendant has concluded that further conduct of the Litigation litigation would be protracted and expensive, and that it is desirable that the Litigation be fully and finally settled in the manner and upon the terms and conditions set forth in this Settlement Agreement. Defendants have Defendant has considered the uncertainty and risks inherent in any litigation. Defendants haveDefendant has, therefore, determined that it is desirable and beneficial that the Litigation be settled in the manner and upon the terms and conditions set forth in this Settlement Agreement.

DENIAL OF WRONGDOING AND LIABILITY. Defendants deny each and all of the claims and contentions alleged against them in the LitigationComplaint. Defendants deny all charges of wrongdoing or liability as alleged, or which could be alleged, in the Litigation. Nonetheless, Defendants have concluded that further conduct of the Litigation litigation would be protracted and expensive, and that it is desirable that the Litigation this matter be fully and finally settled in the manner and upon the terms and conditions set forth in this Settlement Agreement. Defendants have considered the uncertainty and risks inherent in any litigationlitigation and in this matter. Defendants have, therefore, determined that it is desirable and beneficial that the Litigation be settled in the manner and upon the terms and conditions set forth in this Settlement Agreement.