Examples of Pending Action in a sentence
The Debtors will serve upon the Claimant (or such Claimant's counsel, if known) in each Pending Action a Bankruptcy Court approved notice (the "ADR Notice") indicating that such Claimant's Pending Action shall be deemed an "ADR Claim" and shall be subject to the ADR Procedures.
The parties agree that, notwithstanding anything in this Agreement to the contrary, the Company shall comply with the terms and conditions set forth in Section 6.17(a) of the Company Disclosure Letter with respect to the Pending Action (as defined therein).
It is understood that each Party vigorously denies liability to all other Parties in the claims related to the Pending Action.
Nothing herein contained shall prevent the parties from disclosing the fact that the Pending Action has been settled and resolved to the satisfaction of all parties, and that the settlement includes the dismissal of the Pending Action and a mutual general release of claims by and between the parties, without further comment.
Any communication concerning the resolution of the Pending Action or the terms of the Settlement Agreement to the press shall be only in the form of an agreed-upon press release.