Common use of Effect of a Termination Clause in Contracts

Effect of a Termination. 113. The grounds upon which this Agreement may be terminated are set forth herein above. In the event of a termination, this Agreement shall be considered null and void; all of Plaintiffs’, Class Counsel’s, and Defendant’s obligations under the Settlement shall cease to be of any force and effect; and the Parties shall return to the status quo ante in the Actions as if the Parties had not entered into this Agreement. In addition, in the event of such a termination, all of the Parties’ respective pre-Settlement rights, claims and defenses will be retained and preserved.

Appears in 1 contract

Samples: Settlement Agreement

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Effect of a Termination. 113. The grounds upon which this Agreement may be terminated are set forth herein above. In the event of a termination, this Agreement shall be considered null and void; all of Plaintiffs’Plaintiff’s, Class Counsel’s, and DefendantGrange’s obligations under the Settlement shall cease to be of any force and effect; and the Parties shall return to the status quo ante in the Actions Action as if the Parties had not entered into this Agreement. In addition, in the event of such a termination, all of the Parties’ respective pre-Settlement rights, claims and defenses will be retained and preserved.

Appears in 1 contract

Samples: Settlement Agreement

Effect of a Termination. 113100. The grounds upon which this Agreement may be terminated are set forth herein above. In the event of a termination, this Agreement shall be considered null and void; all of Plaintiffs’Plaintiff’s, Class Counsel’s, and Defendant’s obligations under the Settlement shall cease to be of any force and effect; and the Parties shall return to the status quo ante in the Actions Action as if the Parties had not entered into this Agreement. In addition, in the event of such a termination, all of the Parties’ respective pre-Settlement rights, claims and defenses will be retained and preserved.

Appears in 1 contract

Samples: Settlement Agreement

Effect of a Termination. 113123. The grounds upon which this Agreement may be terminated are set forth herein above. In the event of a termination, this Agreement shall be considered null and void; all of Plaintiffs’Plaintiff’s, Class Counsel’s, and Defendant’s obligations under the Settlement shall cease to be of any force and effect; and the Parties shall return to the status quo ante in the Actions Action as if the Parties had not entered into this Agreement. In addition, in the event of such a termination, all of the Parties’ respective pre-Settlement rights, claims and defenses will be retained and preserved.

Appears in 1 contract

Samples: Settlement Agreement

Effect of a Termination. 113. The grounds upon which this Agreement may be terminated are set forth herein above. In the event of a termination, this Agreement shall be considered null and void; all of Plaintiffs’Plaintiff’s, Class Counsel’s, and Defendant’s obligations under the Settlement shall cease to be of any force and effect; and the Parties shall return to the status quo ante in the Actions Action as if the Parties had not entered into this AgreementAgreement or Confidential Settlement Term Sheet. In addition, in the event of such a termination, all of the Parties’ respective pre-Settlement rights, claims and defenses will be retained and preserved.

Appears in 1 contract

Samples: Settlement Agreement

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Effect of a Termination. 113. The grounds upon which this Agreement may be terminated are set forth herein above. In the event of a termination, this Agreement shall be considered null and void; all of Plaintiffs’Plaintiffs’, Class Counsel’sCounsel’s, and Defendant’s Defendant’s obligations under the Settlement shall cease to be of any force and effect; and the Parties shall return to the status quo ante in the Actions Action as if the Parties had not entered into this Agreement. In addition, in the event of such a termination, all of the Parties’ Parties’ respective pre-Settlement rights, claims and defenses will be retained and preserved.

Appears in 1 contract

Samples: Settlement Agreement

Effect of a Termination. 113. The grounds upon which this Agreement may be terminated are set forth herein above. In the event of a termination, this Agreement shall be considered null and void; all of Plaintiffs’Plaintiff's, Class Counsel’s's, and Defendant’s 's obligations under the Settlement shall cease to be of any force and effect; and the Parties shall return to the status quo ante in the Actions Action as if the Parties had not entered into this Agreement. In addition, in the event of such a termination, all of the Parties' respective pre-Settlement rights, claims and defenses will be retained and preserved.

Appears in 1 contract

Samples: Settlement Agreement

Effect of a Termination. 113117. The grounds upon which this Agreement may be terminated are set forth herein above. In the event of a termination, this Agreement shall be considered null and void; all of Plaintiffs’, Class Counsel’s, and DefendantDollar Bank’s obligations under the Settlement shall cease to be of any force and effect; and the Parties shall return to the status quo ante in the Actions Action as if the Parties had not entered into this Agreement. In addition, in the event of such a termination, all of the Parties’ respective pre-Settlement rights, claims and defenses will be retained and preserved.

Appears in 1 contract

Samples: Settlement Agreement and Release

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