Common use of No Reversion Clause in Contracts

No Reversion. (1) Unless this Agreement is terminated as provided herein, the Defendants and the Defendants’ insurers shall not be entitled to the repayment from the Plaintiffs of any portion of the Escrow Settlement Funds. In the event this Agreement is terminated, the Defendants and the Defendants’ insurers shall be entitled to the repayment only to the extent of and in accordance with the terms provided herein.

Appears in 5 contracts

Samples: Class Action Settlement Agreement, Class Action Settlement Agreement, Class Action Settlement Agreement

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