Settlement Approval Application definition
Examples of Settlement Approval Application in a sentence
After publication of the Pre-Approval Notice, respectively in Quebec and Ontario, Class Counsel will serve and file with each Court a Settlement Approval Application for the purpose of proceeding to the Approval Hearings.
The Defendants and each of them shall take no position in the Representative Plaintiff’s Application save and except that the Representative Plaintiff’s Application should not prejudice the Settlement Approval Application.
Each Party shall bear its own costs of the Settlement Approval Application and any other application, if necessary, contemplated in this section.
The terms of the Order approving the Settlement for the purpose of the Settlement Approval Application shall be in the form attached hereto as Schedule ‘B’.
The Defendants and each of them shall consent to the Settlement Approval Application.
The Parties agree that the Representative Plaintiff and the Class will bear responsibility for the costs and disbursements incurred in executing this Settlement Agreement and Release, seeking the Settlement Approval Application, the Representative Plaintiff’s Application, and the Discontinuance of Action.
As soon as reasonably practicable after the Effective Date, Class Counsel shall bring the Settlement Approval Application.
For this PART IV “Final Court Rejection Order Date” means the later of: (a) the date of a final judgment entered by the Court rejecting the application for approval of the Settlement in the Settlement Approval Application, the time to appeal such judgment having expired without any appeal being taken, if an appeal lies and (b) the disposition of all appeals taken.
Payment of the Settlement Amount shall be made to Class Counsel, in trust, within 30 days of delivery to the Defendants of the order reflecting the Court Approval of the Settlement in the Settlement Approval Application.
In Quebec, the Settlement Approval Application will also be served by Quebec Class Counsel on the Fonds d’aide.