Where Consent Required. (1) Upon agreement by the Parties to the terms of a draft Order to be proposed to each Court, the Defendant shall consent to the Settlement Approval Motions concerning the Courts’ approval of the Settlement and the distribution of the Net Settlement Funds and the Defendant’s consent shall not be taken to be an admission of liability or legal responsibility for the pleaded damages and losses the Settlement Amount, or any amount.
Appears in 2 contracts
Samples: Settlement Agreement, Settlement Agreement
Where Consent Required. (1) Upon agreement by the Parties to the terms of a draft Order order to be proposed to each the Court, the Defendant shall consent to the Notice Approval Application for the purposes of implementing the Settlement.
(2) If this Settlement Approval Motions concerning is not approved by the Courts’ approval Court or it is terminated in accordance with its terms, the Parties shall consent to an order of the Settlement Court vacating and setting aside any relief granted by the distribution of Court on the Net Settlement Funds and the Defendant’s consent shall not be taken to be an admission of liability or legal responsibility for the pleaded damages and losses the Settlement Amount, or any amountNotice Approval Application.
Appears in 1 contract
Samples: Settlement Agreement
Where Consent Required. (
1) Upon agreement by the Parties to the terms of a draft Order to be proposed to each Court, the The Defendant shall consent to the Settlement Notice Approval Motions concerning Motion for the Courts’ approval purposes of implementing the Settlement and the distribution of the Net Settlement Funds and the Defendant’s consent shall should not be taken to be as an admission of liability or legal responsibility for damages.
2) If this Settlement is not approved by the pleaded damages Court or it is terminated in accordance with its terms, the Parties shall consent to an Order of the Court vacating and losses setting aside any relief granted by the Settlement Amount, or any amountCourt by way of the Notice Approval Motion.
Appears in 1 contract
Samples: Settlement Agreement