Common use of Stay of Litigation Clause in Contracts

Stay of Litigation. Stockholder and Company agree to stay all activities in the Lawsuits until the Termination Time, including, without limitation, refraining from seeking any discovery, filing any motions or amendments to pleadings or previous motions, and to further postpone any deadlines, discovery cut-offs, response dates, or similar matters which have not expired prior to the date of this Agreement. Stockholder and Company shall cooperate in taking all reasonable steps to ensure a stay of all activities in the Lawsuits and to ensure that the Lawsuits, to the extent within the control of Stockholder and Company, remain inactive in all respects involving Stockholder and Company. If not previously dismissed prior to the Effective Time, all Lawsuits will be dismissed with prejudice promptly following the Effective Time.