Conditional Settlement Clause Samples
A Conditional Settlement clause establishes that the completion of a settlement is dependent on the fulfillment of specific conditions or events. In practice, this means that parties agree the settlement will only become final if certain requirements—such as regulatory approvals, delivery of documents, or payment of funds—are met within a set timeframe. This clause ensures that neither party is bound to a settlement unless all agreed-upon conditions are satisfied, thereby protecting both sides from premature or incomplete resolution of their obligations.
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Conditional Settlement. Except where otherwise indicated, this Settlement Agreement is expressly conditioned upon the Preliminary Approval, Final Approval, and Final Order of the terms of this Settlement Agreement. The Class Period set forth above is an essential condition of this Settlement Agreement. The Parties enter into this Agreement solely for the purposes of this settlement and implementation of the settlement. In the event that any of Preliminary Approval, Final Approval, and Final Order of the terms of this Settlement Agreement is not obtained or the Settlement Agreement is deemed null and void for any reason, the Parties will revert to the positions they occupied prior to the execution of the Agreement, and nothing here shall be deemed to waive any of the Parties’ claims, arguments, objections, or defenses.
Conditional Settlement. Except where otherwise indicated, this Settlement is expressly conditioned upon the Preliminary Approval, Final Approval, and Final Judgment of the terms of this Settlement. The class periods set forth above are an essential condition of this Settlement.
Conditional Settlement. The parties to this Agreement expressly agree that the terms of this Agreement are conditioned upon the Plaintiff filing a dismissal with prejudice of its claims and demands asserted against the Defendant in the Litigation via the Court’s CM/ECF filing system.
Conditional Settlement. This Agreement is conditioned upon formal approval by the Forsyth County Board of Commissioners in an open, public meeting.
Conditional Settlement. Any settlement or discharge between the Sponsor and any Finance Party shall be conditional upon no security or payment to such Finance Party by any Obligor or any other person on behalf of any Obligor being avoided or reduced by virtue of any provisions or enactments relating to bankruptcy, insolvency or liquidation for the time being in force and, if any such security or payment is so avoided or reduced the liability of each Obligor shall continue as if the settlement or discharge had not occurred and each Finance Party shall be entitled to recover the value or amount of such security or payment from the Sponsor subsequently as if such settlement or discharge had not occurred.
Conditional Settlement. 32. The Settlement is conditional upon obtaining the Court’s full approval and provided the Court’s ruling on the final approval of the Settlement becomes definitive, failing which it shall be deemed null and void and the Parties and the members of the Group shall then revert to the status quo before the execution of the Settlement, including the individuals who would have requested exclusion/opted out of the Settlement.
33. If the Court does not approve a portion of the Settlement, the full Settlement shall then become null and void, with the exception that the Applicant, the attorneys for the Applicant and for the members of the Group and the attorneys for VIA may agree in writing to give effect to an amended settlement and ask the Court to approve such amended settlement.
34. If the Settlement becomes null for any reason whatsoever, all the measures taken by the Parties according to its terms and conditions and all negotiations related thereto shall remain confidential and shall be without prejudice. No admission of law or fact and no combination of admission of law or fact shall be declared to exist as a result of the Settlement, its terms and conditions or the Parties’ conduct related thereto.
35. If the Settlement is not approved or is not otherwise concluded in accordance with its terms and conditions:
a) the Applicant may continue the Class Action against VIA on her own behalf and on behalf of the Group depending on the procedural decisions, circumstances and position that existed in this case on the date on which the Applicant, the attorneys for the Applicant and for the Group and the attorneys for VIA agreed on the terms and conditions of the Settlement;
b) VIA shall maintain all the rights to pursue its defence in this case depending on the procedural decisions, circumstances and position that existed in this case on the date on which the Applicant, the attorneys for the Applicant and for the Group and the attorneys for VIA agreed on the terms and conditions of the Settlement.
36. If the Settlement is not definitively approved by the Court or if its terms and conditions are cancelled or do not take effect according to the Settlement, the Parties shall resume their respective positions in connection with the Class Action on the date of the execution of the Settlement.
37. In such case, the terms and conditions of the Settlement shall no longer have any effect with regard to the Parties, and neither the terms and conditions of the Settlement nor t...
Conditional Settlement