Common use of Opt Out Threshold Clause in Contracts

Opt Out Threshold. (1) If the number of valid opt-outs reported by the Claims Administrator pursuant to s. 4.1(1)(c) exceeds the Opt-Out Threshold, the Defendant will have the option, but not the obligation, to terminate this Settlement Agreement by providing written notice to Class Counsel prior to the hearing of the first of the Settlement Approval Motions.

Opt Out Threshold. (1) 5.3.1 If the number of valid opt-opt outs reported by the Claims Administrator pursuant to s. 4.1(1)(c) exceeds the Opt-Out Threshold, the Defendant will have the option, but not the obligation, to terminate this Settlement Agreement by providing written notice to Class Counsel prior to the hearing of the first of the Settlement Approval MotionsApplication.

Opt Out Threshold. (1) 5.3.1 If the number of valid opt-opt outs reported by the Claims Administrator pursuant to s. 4.1(1)(c) exceeds the Opt-Out Threshold, the Defendant will Defendants shall have the option, but not the obligation, to terminate this Settlement Agreement by providing written notice to Class Counsel prior to the hearing of the first of the Settlement Approval MotionsApplication.