Irrevocable Commitment to Settle; Determination of Insured Lives; Election to Opt Out of Agreement Sample Clauses

Irrevocable Commitment to Settle; Determination of Insured Lives; Election to Opt Out of Agreement. (a) Subject to the satisfaction of the conditions set forth in Section 2.01 of this Agreement, at any time after the Court’s approval of the Disclosure Statement and prior to the Election Deadline, each Class 14 Claimant shall be entitled to advise Dow Corning of its intention to settle under the terms of this Agreement by delivering a written, irrevocable commitment to participate in the settlement provided by this Agreement. Prior to, or simultaneously with, the delivery of such an irrevocable commitment to settle, such Class 14 Claimant shall provide Dow Corning with evidence regarding the number of Insured Lives it represents. Evidence of Insured Lives previously provided which satisfies the provisions of Section 2.01(a) shall satisfy the requirements of this Section 2.02(a).
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