Common use of TERMINATION OF THIS SETTLEMENT AGREEMENT Clause in Contracts

TERMINATION OF THIS SETTLEMENT AGREEMENT. Each Party shall have the right (but not the obligation) to terminate this Settlement Agreement if: (a) the Court denies preliminary approval of the Settlement; (b) the Court denies Final Approval of the Settlement; (c) the Court denies entry of the Final Judgment or enters Final Judgment that differs materially from the Final Judgment contemplated by this Settlement Agreement; or (d) the Final Judgment does not become final and the Effective Date does not occur because a higher court reverses final approval by the Court.

Appears in 4 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

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TERMINATION OF THIS SETTLEMENT AGREEMENT. 107. Each Party shall have the right (but not the obligation) to terminate this Settlement Agreement if: : (a) the Court denies preliminary approval of the Settlement; this Settlement Agreement (or grants preliminary approval through an order that is not substantially similar in form and substance to Exhibit D hereto); (b) the Court denies Final Approval final approval of the Settlementthis Settlement Agreement (or grants final approval through an order that materially differs in substance from Exhibit E hereto); or, (c) the Court denies entry of the Final Order and Judgment or enters Final Judgment that differs materially from the Final Judgment contemplated by this Settlement Agreement; or (d) the Final Judgment does do not become final and the Effective Date does not occur Final because a higher court reverses final approval by the Court.

Appears in 1 contract

Samples: Settlement Agreement

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