Consequences of Exercise of Walk Away Right Clause Samples

Consequences of Exercise of Walk Away Right. (A) Upon exercising the Walk Away Right, the Program shall immediately terminate and this Agreement becomes null and void, Organon shall not be obligated to deposit any Settlement Funds into the Qualified Settlement Fund, and all Releases and Stipulations of Dismissal or Motions to Dismiss shall promptly be returned to NPC, the Program Participant’s counsel, or the pro se Program Participant, as appropriate. Organon shall be responsible for payment of any Administrative Expenses incurred through the termination date. (B) In the event that Organon exercises the Walk Away Right, the Statute of Limitations applicable to any Qualifying Unfiled Program Participant shall be deemed to have been tolled from the time of her submission of the Notice of Intent to Opt In Form For Unfiled Claims until a period expiring sixty (60) days after Organon files its Walk Away Right notice with the MDL Court’s Electronic Filing System. Nothing in this provision shall be interpreted to revive or render legally viable a Claim that was time-barred

Consequences of Exercise of Walk Away Right. Upon exercising the Walk Away Right, the Program shall immediately terminate and this Agreement becomes null and void, Daiichi Sankyo shall not be obligated to deposit any Settlement Funds into the Qualified Settlement Fund, and all Releases and Stipulations of Dismissal or Motions to Dismiss shall promptly be returned to PNC, the Program Participant’s counsel, or the pro se Program Participant, as appropriate. Daiichi Sankyo and the PNC shall be jointly responsible, in equal shares, for payment of any Administrative Expenses incurred through the termination date.

Consequences of Exercise of Walk Away Right. Upon exercising the Walk Away Right, the Program shall immediately terminate and this Agreement becomes null and void, Takeda shall not be obligated to deposit any Settlement Funds into the Qualified Settlement Fund, and all Releases and Stipulations of Dismissal or Motions to Dismiss shall promptly be returned to PSRC, the Program Participant’s counsel, or the pro se Program Participant, as appropriate. Takeda shall be responsible for payment of any Administrative Expenses incurred through the termination date.

Consequences of Exercise of Walk Away Right. Upon exercising the Walk Away Right, the Program shall immediately terminate and this Agreement becomes null and void and all Releases and Stipulations of Dismissal shall promptly be returned to the NPC, the Claimant's Counsel, or the pro se Claimant, as appropriate. Any orders entered in connection with this settlement program (e.g., Implementing CMO, Non-Participating ATE CMO, Non-ATE Case Resolution CMO, etc.) shall be vacated by agreed motion to the Court entering it. BHCP shall be responsible for payment of any Administrative Expenses as set forth in the Agreement incurred through the date the Walk Away Right is exercised.

Consequences of Exercise of Walk Away Right