Common use of Stay Pending Court Approval Clause in Contracts

Stay Pending Court Approval. Class Counsel and Defendants’ Counsel agree to stay all proceedings, other than those proceedings necessary to carry out or enforce the terms and conditions of the Settlement, until the Effective Date of the Settlement has occurred. If, despite the Parties’ best efforts, this Agreement should fail to become effective, the Parties will return to their prior positions in the Action, in accordance with Section 3 of this Agreement.

Stay Pending Court Approval. Class Counsel and Defendants’ Defendant’s Counsel agree to stay all proceedings, other than those proceedings necessary to carry out or enforce the terms and conditions of the Settlement, until the Effective Date of the Settlement has occurred. If, despite the Parties’ best efforts, this Agreement should fail to become effective, the Parties will return to their prior positions in the Action, in accordance with Section 3 III of this Agreement.

Stay Pending Court Approval. Class Plaintiffs’ Counsel and Defendants’ Defendant’s Counsel agree to stay all proceedingsproceedings in the Actions, other than those proceedings necessary to carry out or enforce the terms and conditions of the Settlement, until the Effective Date of the Settlement has occurred. If, despite the Parties’ best efforts, this Agreement should fail to become effective, the Parties will return to their prior positions in the Action, in accordance with Section 3 of this AgreementActions.