Common use of Settlement Class Certification Clause in Contracts

Settlement Class Certification. (a) The Parties shall stipulate to a certification of the Action as a class action for settlement purposes pursuant to Rule 23(b)(1) and/or (b)(2) of the Federal Rules of Civil Procedure. If the Settlement does not become Final, then no Settlement Class will be deemed to have been certified by or as a result of this Amended Settlement Stipulation, and the Action will for all purposes revert to its status as of February 15, 2021.

Appears in 2 contracts

Samples: Action Settlement Agreement and Release, Action Settlement Agreement and Release

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Settlement Class Certification. (a) The Parties shall stipulate to a certification of the Action as a class action for settlement purposes pursuant to Rule 23(b)(1) and/or (b)(2) of the Federal Rules of Civil Procedure. If the Settlement does not become Final, then no Settlement Class will be deemed to have been certified by or as a result of this Amended Settlement Stipulation, and the Action will for all purposes revert to its status as of February 15, 2021.

Appears in 2 contracts

Samples: Class Action Settlement Agreement and Release, Class Action Settlement Agreement and Release

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Settlement Class Certification. (a) The Parties shall stipulate to a certification of the Action as a class action for settlement purposes pursuant to Rule 23(b)(1) and/or (b)(2) of the Federal Rules of Civil Procedure. If the Settlement does not become Final, then no Settlement Class will be deemed to have been certified by or as a result of this Amended Settlement Stipulation, and the Action will for all purposes revert to its status as of February 15December 10, 20212015, the day immediately prior to the date on which the Term Sheet was executed.

Appears in 1 contract

Samples: Class Action Settlement Agreement

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