Common use of Effect of a Termination Clause in Contracts

Effect of a Termination. 97. 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 Navy Federal’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 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. 98. In the event of termination, Navy Federal shall have no right to seek reimbursement from Plaintiffs, Class Counsel, or the Settlement Administrator for Settlement Administration Costs paid by Navy Federal. 99. The Settlement shall become effective on the Effective Date unless earlier terminated in accordance with the provisions hereof. 100. In the event the Settlement is terminated in accordance with the provisions of this Agreement, any discussions, offers, or negotiations associated with this Settlement shall not be discoverable or offered into evidence or used in the Action or any other action or proceeding for any purpose. In such event, all Parties to the Action shall stand in the same position as if this Agreement had not been negotiated, made or filed with the Court.

Effect of a Termination. 9783. 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 PlaintiffsPlaintiff’, Class Counsel’s, and Navy FederalApple FCU’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 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. 9884. In the event of termination, Navy Federal Apple FCU shall have no right to seek reimbursement from PlaintiffsPlaintiff, Class Counsel, Counsel or the Settlement Administrator for Settlement Administration Costs costs paid by Navy FederalApple FCU. 9985. The Settlement shall become effective on the Effective Date unless earlier terminated in accordance with the provisions hereof. 10086. In the event the Settlement is terminated in accordance with the provisions of this Agreement, any discussions, offers, or negotiations associated with this Settlement shall not be discoverable or offered into evidence or used in the Action or any other action or proceeding for any purpose. In such event, all Parties to the Action shall stand in the same position as if this Agreement had not been negotiated, made or filed with the Court.

Effect of a Termination. 9794. The grounds upon which this Agreement may be terminated are set forth herein abovein Section XIII. In the event of a terminationtermination as provided therein, this Agreement shall be considered null and void; all of Plaintiffs’, Class Counsel’s, and Navy Federal’s the State Defendants’ obligations under the Settlement Agreement shall cease to be of any force and effect; and the Parties shall return to the status quo ante in the 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. 98. In , including, but not limited to, the event of termination, Navy Federal shall have no Settlement Plaintiff’s right to seek reimbursement from Plaintiffs, Class Counsel, or the Settlement Administrator for Settlement Administration Costs paid by Navy Federalclass certification and all Defendants’ right to oppose class certification. 99. The Settlement shall become effective on the Effective Date unless earlier terminated in accordance with the provisions hereof. 10095. In the event the Settlement is terminated in accordance with the provisions of this AgreementParagraphs 92 and/or 93, any discussions, offers, or negotiations associated with this Settlement shall not be discoverable or offered into evidence or used in the Action or any other action or proceeding for any purpose. In such event, all Parties to the Action shall stand in the same position as if this Agreement had not been negotiated, made made, or filed with the Court. 96. The Settlement shall become effective on the Effective Date unless earlier terminated in accordance with the provisions of Paragraphs 92 and/or 93.