Common use of Partial Refund Clause in Contracts

Partial Refund. In the event that the Agreement is not approved, fails to become effective or is terminated for any reason, the Individual Plaintiffs’ Settlement Fund, including accrued interest and less Taxes or Tax Expenses paid, incurred, or due and owing in connection with the Settlement as provided for herein, will be refunded to the Defendants or their designees pursuant to written instructions from counsel for the Defendants.

Partial Refund. In the event that the Agreement is not approved, approved or fails to become effective or is terminated for any reason, the Individual Plaintiffs’ Settlement Fund, including accrued interest and less Taxes or Tax Expenses paid, incurred, or due and owing in connection with the Settlement as provided for herein, will be refunded to the Releasing Defendants or their designees pursuant to written instructions from counsel for the Releasing Defendants.