Class Settlement Sample Clauses

Class Settlement. After the date hereof, Company and Authority shall jointly file an appropriate motion before the court having jurisdiction over the Class Settlement (as hereinafter defined) to obtain a modification of the final order approving such Class Settlement which would permit the payment in full at the Closing of all amounts remaining unpaid with respect to such Class Settlement, discounted to such present value as Authority and Company may agree and such court may approve. As used herein, "Class Settlement" shall mean the class settlement which became effective on June 28, 1989 and resolved a civil lawsuit against Company brought under the federal Racketeer Influenced and Corrupt Organizations Act.

Class Settlement. 4.1. The Settling Parties acknowledge and agree as reflected in Sections 1.11 and 3.3 that one of the conditions precedent of this Global Settlement Agreement is the grant of a fully valid, final Court approval of class-wide settlement of the Class Action on the terms, or substantially the same terms, as set forth in the Class Action Settlement Agreement. This condition applies to all of the Settling Parties to this Global Settlement Agreement, including any Settling Parties who are not parties to the Class Action Settlement Agreement. 4.2. The Settling Parties and their counsel agree that (a) each will not encourage any persons to Opt Out or file objections to the Class Action Settlement Agreement and (b) no Settling Party will permit work product of consultants retained on their behalf in the Subject Action to be shared with persons who Opt Out of or object to the Class Action Settlement Agreement or any other non-Settling Party unless compelled by a court after noticed motion with notice provided to all Settling Parties and their counsel of record. 4.3. Each Settling Defendant shall have the right to terminate the Class Action Settlement Agreement and this Global Settlement Agreement prior to the Final Approval Hearing should the number of Opt Outs exceed the Opt Out Limit. A Settling Defendant shall be deemed to have exercised the termination rights under this section if: (a) such party gives notice to all signatories to this Global Settlement Agreement pursuant to Section 11.18 below of their intent to terminate within 10 days of notice that Opt Out Limit has been exceeded by the Class Actions Settlement Administrator, and (b) on or before the date of the Final Approval Hearing such Settling Defendant thereafter files a document in the lead ▇▇▇▇▇▇ matter stating that the Opt Out Limit has been exceeded and that it thereby terminates either this Global Settlement Agreement or the Class Action Settlement Agreement, or both. If any Settling Defendant exercises its termination right under this section, the conditions for global settlement will not have been achieved, the Global Settlement Agreement and any agreement it is incorporated into, including the Class Action Settlement Agreement, shall terminate. In the event of termination, the Settling Parties shall be returned to their respective positions as of the date of this Global Settlement Agreement. Notwithstanding the foregoing, and unless separately provided in writing by the Settling Parties, unless...

Class Settlement. The Action is being settled as a class action, contingent on Court approval, based on the Class stipulated to by the Parties solely for the purposes of this Settlement.

Class Settlement. “Class Settlement” means the settlement and resolution of all 2 Released Class Claims, as defined in Section 2.57, below.

Class Settlement