Common use of Purpose of this Notice Clause in Contracts

Purpose of this Notice. This Notice is given pursuant to Section 626 of New York Business Corporation Law (“B.C.L.”) and by an Order of the Supreme Court of New York, County of New York. The purpose of the Notice is to advise you that a shareholder derivative action is now pending in the Court relating to Partners Fund and that the parties thereto have entered into a settlement, subject to Court approval, which would fully, finally and forever resolve this action on the terms and conditions summarized in this Notice and that a Settlement hearing will be held , 2006, at before the Xxxxxxxxx Xxxxxx Xxxx, 00 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx, 00000. THIS IS NOT AN EXPRESSION OF ANY OPINION BY THE COURT AS TO THE MERITS OF ANY CLAIMS OR ANY DEFENSES ASSERTED BY ANY PARTY IN THE ACTION, OR THE FAIRNESS, REASONABLENESS OR ADEQUACY OF THE PROPOSED SETTLEMENT.

Purpose of this Notice. This Notice is given pursuant to Section 626 of New York Business Corporation Law (“B.C.L.”) and by an Order of the Supreme Court of New York, County of New York. The purpose of the Notice is to advise you that a shareholder derivative action is now pending in the Court relating to Partners Fund II and that the parties thereto have entered into a settlement, subject to Court approval, which would fully, finally and forever resolve this action on the terms and conditions summarized in this Notice and that a Settlement hearing will be held , 2006, at before the Xxxxxxxxx Xxxxxx Xxxx, 00 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx, 00000. THIS IS NOT AN EXPRESSION OF ANY OPINION BY THE COURT AS TO THE MERITS OF ANY CLAIMS OR ANY DEFENSES ASSERTED BY ANY PARTY IN THE ACTION, OR THE FAIRNESS, REASONABLENESS OR ADEQUACY OF THE PROPOSED SETTLEMENT.