Common use of Opt-Out Procedure Clause in Contracts

Opt-Out Procedure. (1) Each Ontario Class Member who wishes to opt out must submit a properly completed Opt-Out Form, along with all required supporting documents, to Xxxxxxx X. Xxxxxxxxxxxxx on or before the Opt-Out Deadline. Each Québec Class Member who wishes to opt out must submit a properly completed Opt-Out Form on or before the Opt-Out Deadline in accordance with the Opt-Out procedure approved by the Québec Court. In addition to any additional procedure approved by the Québec Court, Québec Class Members shall send any Opt-Out Forms, along with all required supporting documents, to Xxxxxxx X. Xxxxxxxxxxxxx on or before the Opt-Out Deadline. (2) If a Class Member fails to submit a properly completed Opt-Out Form and/or all required supporting documents before the Opt-Out Deadline, the Class Member shall not have opted out of the Actions, subject to any order of the respective Court to the contrary, and will in all respects be subject to, and bound by, the provisions of the Agreement and the releases contained herein, and any orders made in the Actions. (3) The Opt-Out Deadline shall not be extended unless the Courts order otherwise. (4) All Opt-Out Parties will be excluded from any and all rights and obligations arising from the Settlement. Class Members who do not opt out shall be bound by the Settlement and the terms of the Agreement regardless of whether he/she/it files a Claim Form or receives compensation from the Settlement.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

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Opt-Out Procedure. (1) Each Ontario Class Member and Alberta Class Member who wishes to opt out must submit a properly completed Opt-Out Form, along with all required supporting documents, to Xxxxxxx X. Xxxxxxxxxxxxx on or before the Opt-Out Deadline. Each Québec Class Member who wishes to opt out must submit a properly completed Opt-Out Form on or before the Opt-Out Deadline in accordance with the Opt-Out procedure approved by the Québec Court. In addition to any additional procedure approved by the Québec Court, Québec Class Members shall send any Opt-Out Forms, along with all required supporting documents, to Xxxxxxx X. Xxxxxxxxxxxxx on or before the Opt-Out Deadline. (2) If a Class Member fails to submit a properly completed Opt-Out Form and/or all required supporting documents before the Opt-Out Deadline, the Class Member shall not have opted out of the Actions, subject to any order of the respective Court to the contrary, and will in all respects be subject to, and bound by, the provisions of the Agreement and the releases contained herein, and any orders made in the Actions. (3) The Opt-Out Deadline shall not be extended unless the Courts order otherwise. (4) All Opt-Out Parties will be excluded from any and all rights and obligations arising from the Settlement. Class Members who do not opt out shall be bound by the Settlement and the terms of the Agreement regardless of whether he/she/it files a Claim Form or receives compensation from the Settlement.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

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