Common use of Termination of Settlement Clause in Contracts

Termination of Settlement. 2.9 In the event that the Stipulation is not approved, or is terminated, canceled, or fails to become effective for any reason, the Settlement Fund less Notice and Administration Expenses or Taxes or Tax Expenses paid, incurred, or due and owing pursuant to ¶¶2.7 and 2.8 hereof in connection with the Settlement provided for herein, shall be refunded pursuant to written instructions from Defendants’ Counsel in accordance with ¶7.4 herein.

Appears in 3 contracts

Samples: Stipulation and Agreement of Settlement, Stipulation and Agreement of Settlement, Stipulation and Agreement of Settlement

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Termination of Settlement. 2.9 In the event that the Stipulation is not approved, approved or the Stipulation is terminated, canceled, or fails to become effective for any reason, the Settlement Fund (including accrued interest), less Notice and Administration Expenses or Taxes or Tax Expenses paid, incurred, or due and owing pursuant to ¶¶2.7 and 2.8 hereof in connection with the Settlement settlement provided for herein, shall be refunded pursuant to written instructions from Defendants’ Counsel counsel for the Tezos Foundation in accordance with ¶7.4 ¶8.5 herein.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

Termination of Settlement. 2.9 2.8 In the event that the Stipulation is not approved, approved or the Stipulation is terminated, canceled, or fails to become effective for any reason, the Settlement Fund less Notice and Administration Expenses or Taxes or Tax Expenses paid, incurred, or due and owing pursuant to ¶¶2.7 and 2.8 hereof in connection with the Settlement provided for herein, shall be refunded pursuant to written instructions from Defendants’ Counsel in accordance with ¶7.4 ¶7.5 herein.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

Termination of Settlement. 2.9 In the event that the Stipulation is not approved, approved or is terminated, canceled, or fails to become effective for any reason, including, without limitation, in the event the Judgment is reversed or vacated following any appeal taken therefrom, the Settlement Fund (including accrued interest), less expenses actually incurred or due and owing for Class Notice and Administration Expenses or Costs, Taxes or Tax Expenses paid, incurred, or due and owing pursuant to ¶¶2.7 and 2.8 hereof in connection with the Settlement provided for hereinor 2.8, shall be refunded pursuant to ¶¶6.2 and 7.4 and written instructions from Defendants’ Counsel in accordance with ¶7.4 hereincounsel.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

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Termination of Settlement. 2.9 In the event that the this Stipulation is not approved, approved or this Stipulation is terminated, terminated or canceled, or the Effective Date otherwise fails to become effective occur for any reason, the Settlement Fund less Notice and Administration Expenses or Taxes or Tax Expenses paid, incurred, or due and owing pursuant to ¶¶2.7 and 2.8 hereof in connection with the Settlement provided for herein, shall be refunded pursuant to written instructions from Defendants’ Counsel in accordance with ¶7.4 ¶ 8.5 herein.

Appears in 1 contract

Samples: Settlement Agreement

Termination of Settlement. 2.9 In the event that the this Stipulation is not approved, or this Stipulation is terminated, terminated or canceled, or the Effective Date otherwise fails to become effective occur for any reason, the Settlement Fund less Notice and Administration Expenses Costs or Taxes or Tax Expenses paid, incurred, or due and owing pursuant to ¶¶2.7 and 2.8 hereof in connection with the Settlement provided for herein, shall be refunded pursuant to written instructions from Defendants’ Counsel in accordance with ¶7.4 ¶ 8.5 herein.

Appears in 1 contract

Samples: Settlement Agreement

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