Effect of Settlement Agreement if Settlement is Not Approved Sample Clauses

Effect of Settlement Agreement if Settlement is Not Approved. This Settlement Agreement was entered into only for the purpose of settlement. In the event that the Court does not approve the Settlement in its entirety or substantially in its entirety, or if the Judgment is not entered for any reason, or if the Effective Date does not occur for any reason, or if the Settlement Agreement is otherwise terminated, cancelled, or voided, then this Settlement Agreement shall be null and void ab initio, it shall be of no force or effect whatsoever, the Settlement and Settlement Agreement shall not be referred to or utilized for any purpose whatsoever in the Litigation or elsewhere, and the negotiation, terms, and entry of the Settlement Agreement shall, in accordance with the provisions of Ohio Rule of Evidence 408 and any similar state or federal law, not be used as evidence. In such event, Michaels shall have no obligations to make any payments under the Settlement Agreement, and the Parties will bear their own costs and fees with regard to the efforts to obtain Court approval of the Settlement and Settlement Agreement. Further, in such event, the Parties shall resume the Litigation at that time as if no Settlement Agreement had been entered.
Sample 1
AutoNDA by SimpleDocs

Related to Effect of Settlement Agreement if Settlement is Not Approved

  • Modification of Settlement Agreement Any modification to this Settlement Agreement shall be in writing and signed by the Parties.

  • EXECUTION OF SETTLEMENT AGREEMENT 37. This Settlement Agreement may be signed in one or more counterparts which together shall constitute a binding agreement.

  • Application of Settlement Agreement 10.1 This Settlement Agreement shall apply to, be binding upon, and inure to the benefit of, CAG and the Releasees and Downstream Releasees identified in Section 2 above.

  • If Settlement Agreement is Terminated (1) If this Settlement Agreement is not approved, is terminated in accordance with its terms or otherwise fails to take effect for any reason:

  • Enforcement of Settlement Agreement 11.1 Any party may file suit before the Superior Court of the County of Los Angeles, consistent with the terms and conditions set forth in paragraphs 11.2 and

  • Effect of Settlement Neither the Grantee nor any of the Grantee’s successors, heirs, assigns or personal representatives shall have any further rights or interests in any Restricted Stock Units that have been paid and settled. Although a settlement date or range of dates for settlement are specified above in order to comply with Code Section 409A, the Company retains discretion to determine the settlement date, and no Grantee or beneficiary of a Grantee shall have any claim for damages or loss by virtue of the fact that the market price of Common Stock was higher on a given date upon which settlement could have been made as compared to the market price on or after the actual settlement date (any claim relating to settlement will be limited to a claim for delivery of Shares and related dividend equivalents).

  • STIPULATION AND AGREEMENT OF SETTLEMENT This Stipulation and Agreement of Settlement, dated as of July 6, 2018 (the “Stipulation”) is entered into between (a) Lead Plaintiff Xxxxxxxxxxx Xxxxxxx (“Lead Plaintiff”) and Plaintiff Xxxxxxx Xxxxx (collectively, “Plaintiffs”), on behalf of themselves and the Settlement Class (defined below); and (b) defendant Endurance International Group Holdings, Inc. (“Endurance” or the “Company”), and defendants Xxxx Xxxxxxxxxxxx and Xxxxxxx Xxxxxxxx (collectively, the “Individual Defendants” and, together with Endurance, the “Defendants”), and embodies the terms and conditions of the settlement of the above-captioned action (the “Action”).1 Subject to the approval of the Court and the terms and conditions expressly provided herein, this Stipulation is intended to fully, finally and forever compromise, settle, release, resolve, and dismiss with prejudice the Action and all claims asserted therein against Defendants. 1 All terms with initial capitalization not otherwise defined herein shall have the meanings ascribed to them in ¶ 1 herein.

  • Effect of Settlement/Reservation of Rights The following shall apply:

  • Authority to Enter Into Settlement Agreement 5.1 CAG represents that its signatory to this Settlement Agreement has full authority to enter into and legally bind CAG to this Settlement Agreement.

  • ASSIGNMENT OF AGREEMENT OR SALE OF INTERESTS Concessionaire shall not assign this Agreement or sell controlling interest in the Concession without prior written approval from Department. Any attempt to assign or sell controlling interest without prior written approval from Department shall be a material breach of this Agreement, subject to Suspension of Operations and/or Termination in accordance with the terms and conditions set forth in Paragraphs 9 and 10.

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