Class Action Suit Sample Clauses
A Class Action Suit clause restricts or governs the ability of parties to bring or participate in lawsuits as a group, rather than individually. Typically, this clause either prohibits parties from joining together in a class action or requires that any disputes be resolved on an individual basis, such as through arbitration or individual litigation. Its core practical function is to prevent collective legal actions, thereby limiting the risk and potential liability for the party seeking to enforce the clause, and ensuring that disputes are handled on a case-by-case basis.
Class Action Suit. Section 3.01(h) Closing...........................................................Section 1.02
Class Action Suit. Prior to the Closing, Company and the Parent shall use their best efforts to either (i) have the class action lawsuit entitled “Company, Inc. Shareholder Litigation, Consolidated Civil Action No. 1246-N (the “Class Action Suit”) withdrawn and terminated with prejudice or (ii) settle the Class Action Suit to the reasonable satisfaction of Acquisition Co.
Class Action Suit. The Credit Parties shall not make any payment in connection with any settlement, compromise, judgment, or other resolution on account of the claims which are the subject matter of the Class Action Suit unless the aggregate of such payments do not exceed $750,000 at any time."
Class Action Suit. The Credit Parties shall not make any payment in connection with any settlement, compromise, judgment, or other resolution on account of the claims which are the subject matter of the Class Action Suit unless each of the following conditions have been satisfied: (i) there does not exist an Event of Default immediately prior to, or after giving effect to, such payment, (ii) the Agent has accepted the business plan to be submitted by the Borrower on or before January 15, 2006 pursuant to Section 7.1(b)(iii) of the Term Loan Agreement and (iii) the aggregate of such payments do not exceed $955,000 at any time."