Examples of Class Release in a sentence
In the event of a conflict between the New Class Release of Transocean or the Assigned Claims Release of Transocean and this Section 10, the New Class Release of Transocean or the Assigned Claims Release of Transocean, as the case may be, shall control.
The New Class Members defined in Section 4 shall release and forever discharge, with prejudice, New Class Released Claims as defined in the New Class Release of Transocean (Attachment A to this SA) against the Transocean Released Parties upon the Effective Date of this SA.
The “New Class Release of Transocean” and the “Assigned Claims Release of Transocean” set forth and describe in greater detail the Released Claims and are attached as Attachments A and B, respectively.
Upon the Payment Obligation and Class Release Date, all Class Members (other than those who submit a timely and valid Exclusion Letter) will fully release the Class Released Claims against the Released Parties, regardless of whether they submit a Claim Form.
This New Class Release applies to all New Class Released Claims, regardless whether the Claims Administrator denies any individual claim by any class member.
PAGA Members may hereafter discover claims or facts in addition to or different from those they now know or believe to be true with respect to the subject matter of the Class Release and/or PAGA Release, but upon the Effective Date, shall be deemed to have, and by operation of the Final Judgment shall have, fully, finally, and forever settled and released any and all of the Class Released Claims and/or PAGA Released Claims, as applicable.
Defendant is entitled to retain certain unclaimed funds provided however that, at a minimum, 50% of the Net Settlement Proceeds will be funded and paid for upon the occurrence of the Payment Obligation and Class Release Date in accordance with the terms of this Settlement (the “Minimum Funding Commitment”).
As used herein, “Arbitrable Claims” means any and all Claims for damages not released under this Agreement, whether under the Class Release or the Other Damages Release, that the Releasing Class Member Parties or any one of them ever had, now has, or hereafter can, shall, or may have, claim, or assert in any capacity against the Released Defendant Parties or any of them with respect to the Covered Conduct.
This Settlement Class Release is intended to include in its effect all claims identified in this Settlement Agreement, including claims that each Qualified Claimant does not know or suspect to exist in his or her or its favor against Settling Defendants at the time of the release.
The Initial Payment (along with any subsequent Medical Treatment Payment) serves as redress and as consideration for the Class Release and reflects costs of, is intended to promote, and may be used to obtain a screening from a medical professional for a Qualifying Diagnosis (and a Comorbid Diagnosis, if applicable).