Common use of ESSENTIAL TERMS Clause in Contracts

ESSENTIAL TERMS. All Parties hereby expressly agree and acknowledge that dismissal of each of the Actions to the extent set forth in this Agreement constitutes an essential term of this Agreement and that, if any of the Actions is not dismissed in accordance with this Agreement, the Agreement shall be null and void and of no further effect, with all rights, duties and obligations of the Parties thereafter restored as if this Agreement had never been executed.

Appears in 4 contracts

Samples: Master Settlement Agreement, Master Settlement Agreement, Master Settlement Agreement (El Paso Natural Gas Co)

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ESSENTIAL TERMS. All Parties hereby expressly agree and acknowledge that dismissal of each of the Actions listed in Attachment C to the extent set forth in this Agreement constitutes an essential term of this Agreement and that, if any of the Actions is are not dismissed in accordance with this Agreement, the Agreement shall be null and void and of no further effect, with all rights, duties and obligations of the Parties thereafter restored as if this Agreement had never been executed.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement (San Diego Gas & Electric Co)

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ESSENTIAL TERMS. All Parties hereby expressly agree and acknowledge that dismissal of each of the Actions Action to the extent set forth in this Agreement constitutes an essential term of this Agreement and that, if any of the Actions Action is not dismissed in accordance with this Agreement, the Agreement shall be null and void and of no further effect, with all rights, duties and obligations of the Parties thereafter restored as if this Agreement had never been executed.

Appears in 1 contract

Samples: Settlement Agreement (Southern California Gas Co)

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