Common use of CERTIFICATION FOR SETTLEMENT ONLY Clause in Contracts

CERTIFICATION FOR SETTLEMENT ONLY. (1) The Parties agree that the Ontario Action shall be certified as a class proceeding as against the Settling Defendants solely for purposes of settlement and the approval of this Settlement Agreement by the Ontario Court. (2) The Plaintiffs agree that, in the motion for certification of the Ontario Action as a class proceeding for settlement purposes and for the approval of this Settlement Agreement, the only common issue that they will seek to define is the Common Issue and the only class that they will assert is the Settlement Class. The Parties agree that the certification of the Ontario Action as against the Settling Defendants for the purpose of implementing this Settlement Agreement, shall not derogate in any way from the rights of the Plaintiffs as against any other Person or Party, except as expressly set out in this Settlement Agreement.

Appears in 2 contracts

Sources: Settlement Agreement, Settlement Agreement