Good Faith Settlement Sample Clauses
A Good Faith Settlement clause establishes that parties involved in a dispute or claim must attempt to resolve the matter honestly and fairly before resorting to litigation or arbitration. In practice, this means that both sides are expected to engage in open communication, provide relevant information, and make reasonable efforts to reach a mutually acceptable agreement, such as through negotiation or mediation. The core function of this clause is to encourage amicable resolution of disputes, reduce unnecessary legal costs, and promote efficient settlement processes.
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Good Faith Settlement. This Agreement constitutes the good faith compromise and settlement of all claims and potential claims Executive has against any one or more of the Released Parties and is not and shall not be construed as an admission of any wrongful or unlawful act against Executive or that the conclusion of Executive’s employment as of the Effective Time will be in any way wrongful or unlawful.
Good Faith Settlement. This Release constitutes the good faith compromise and settlement of all claims and potential claims Executive has against any one or more of the Released Parties and is not and shall not be construed as an admission of any wrongful or unlawful act against Executive or that the conclusion of Executive’s employment was in any way wrongful or unlawful.
Good Faith Settlement. The Releasing Parties agree that the provisions of this Agreement and any claim thereunder constitute a good faith settlement. Plaintiffs, Class Counsel, and the Releasing Parties agree that they will not oppose a motion by ▇▇▇ in a subsequent action contending this is a good faith settlement.
Good Faith Settlement. The Releasing Parties agree that the provisions of this Agreement and any claim thereunder constitute a good faith settlement under California Code of Civil Procedure Sections 877 and 877.6, Hawaii Revised Statutes 663-15.5, and comparable laws in other states. Plaintiffs and Class Counsel will not oppose a motion by ▇▇▇▇▇▇▇ in a subsequent action contending that this is a good faith settlement.
Good Faith Settlement. This Settlement has been negotiated and entered into between the Parties through arms-length negotiations, and it is made in good faith, including within the meaning of California Code of Civil Procedure §§877 et seq. and any comparable provisions provided under the laws of any state or territory of the United States, whether statutory or judicial decision, which is equivalent or similar to such California code sections.
Good Faith Settlement. To the extent necessary under applicable law to extinguish claims for contribution and/or indemnity against any Releasees for the Released Claims due to a contribution or indemnity claim by a third party in an action brought by the State based on the Covered Conduct, the Releasors further agree: (i) to obtain a determination from a court of competent jurisdiction that this Settlement is a good faith settlement; and/or (ii) reduce any judgment Releasors might recover against any person or entity other than any of the Releasees by release and discharge in an amount, fraction, portion, or percentage necessary under applicable law to bar, eliminate, or satisfy claims against the Releasees for contribution and/or indemnity to the fullest extent permitted by applicable law that arise from, or in any way relate to the Covered Conduct released herein.
Good Faith Settlement. The Parties hereby stipulate and agree that the settlement memorialized in this Settlement Agreement is a good faith settlement between and among the Parties within the meaning of California Code of Civil Procedure Section 877.6.
Good Faith Settlement. Each of the Buyer and Seller agree to use their best efforts to resolve amicably any dispute which arises under this Agreement or the Licenses, and will not take any action inconsistent therewith. At the option of any of the Buyer and Seller, any such dispute shall be submitted to the Vice President of Seller and the Chief Financial Officer of Buyer for their consideration and resolution, and if no decision is then reached, to the Senior Executive Officer of Seller and the Chief Executive Officer of Buyer for their consideration and resolution. The resolution of any matter in accordance with this Section 12.1 shall be binding on the Buyer and Seller for all purposes.
Good Faith Settlement. The Parties agree that this Agreement as set forth in this Agreement is a “good faith settlement” within the meaning of California Code of Civil Procedure Section 877.6 (and any similar law of any other applicable jurisdiction) for purposes of eliminating third-party indemnity contribution and arbitration claims against the Enron Debtors. All Parties shall support a finding by the Enron Bankruptcy Court to that effect.
Good Faith Settlement. The Parties desire to resolve the Litigation and the Claims, and certain other disputes, in the manner and to the extent set forth in the Integrated Agreement. The Parties agree that the settlement embodied in the Integrated Agreement is made in good faith.