Common use of Initial Participating Subdivisions Clause in Contracts

Initial Participating Subdivisions. A Subdivision qualifies as an Initial Participating Subdivision if it meets the applicable requirements for becoming a Participating Subdivision set forth in subsections IX.B or IX.C by the Initial Participation Date. Provided however, all Subdivision Settlement Participation Forms shall be held by the Implementation Administrator until Allergan provides the notice in subsection X.B that it intends to proceed with the settlement, at which time the obligations created by such forms become effective. If Allergan determines not to proceed, all Settlement Participation Forms shall be returned to Counsel for Litigating Subdivisions or to the Subdivisions not represented by counsel or destroyed to the extent that such destruction is not prohibited by then existing document preservation obligations.

Appears in 9 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

AutoNDA by SimpleDocs

Initial Participating Subdivisions. A Subdivision qualifies as an Initial Participating Subdivision if it meets the applicable requirements for becoming a Participating Subdivision set forth in subsections IX.B X.B or IX.C X.C by the Initial Participation Date. Provided however, all Subdivision Settlement Participation Forms shall be held by the Implementation Administrator until Allergan Teva provides the notice in subsection X.B XI.B that it intends to proceed with the settlement, at which time the obligations created by such forms become effective. If Allergan Teva determines not to proceed, all Settlement Participation Forms shall be returned to Counsel for Litigating Subdivisions or to the Subdivisions not represented by counsel or destroyed to the extent that such destruction is not prohibited by then existing document preservation obligations.

Appears in 7 contracts

Samples: Settlement Agreement (Teva Pharmaceutical Industries LTD), Settlement Agreement, Settlement Agreement

AutoNDA by SimpleDocs

Initial Participating Subdivisions. A Subdivision qualifies as an Initial Participating Subdivision if it meets the applicable requirements for becoming a Participating Subdivision set forth in subsections IX.B Section VII.B or IX.C Section VII.C by the Initial Participation Date. Provided however, all All Subdivision Settlement Participation Forms shall be held in escrow by the Implementation Administrator until Allergan provides the notice in subsection X.B that it intends to proceed with Reference Date. If, for any reason, the settlementAgreement does not become effective, at which time the all obligations created by such forms become effective. If Allergan determines not to proceed, and releases in them shall be void ab initio and/ all Settlement Subdivision Participation Forms Agreements shall be returned to Counsel for Litigating Subdivisions or to the Subdivisions not represented by counsel or destroyed to the extent that such destruction is not prohibited by then existing document preservation obligations.

Appears in 6 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!