Common use of Settlement Approval Clause in Contracts

Settlement Approval. No later than the thirtieth (30th) business day after the Effective Date, Purchaser shall file an action against Company in the United States District Court or state court of trial jurisdiction in the State of Florida (the "Action") seeking collection of the Claim. Purchaser shall seek to settle the Action on terms acceptable to Purchaser in its sole discretion and, by appropriate motion or other pleading, shall seek approval from the Court of such settlement.

Appears in 2 contracts

Samples: Claim Purchase Agreement (ERF Wireless, Inc.), Claim Purchase Agreement (ERF Wireless, Inc.)

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Settlement Approval. No later than the thirtieth (30th) business day after the Effective Date, Purchaser shall file an action against Company in the United States District Court or state court of trial jurisdiction in the State of Florida (the "Action") seeking collection of the Claim. Purchaser shall seek to settle the Action on terms acceptable to Purchaser in its sole discretion and, by appropriate motion or other pleading, shall seek approval from the Court of such settlement.

Appears in 1 contract

Samples: Claim Purchase Agreement (Drone USA Inc.)

Settlement Approval. No later than the thirtieth (30th) business day after the Effective Date, Purchaser shall file an action against Company in the United States District Court or state court of trial jurisdiction in the State of Florida (the "Action") seeking collection of the Claim. Purchaser shall seek to settle the Action on terms acceptable to Purchaser in its sole discretion andfind, by appropriate motion or other pleading, shall seek approval from the Court of such settlement.

Appears in 1 contract

Samples: Form of Claim Purchase Agreement (InCapta, Inc.)

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Settlement Approval. No later than the thirtieth (30th) business day after the Effective Date, Purchaser shall file an action against Company in the United States District Court or state court of trial jurisdiction in the State of Florida (the "Action") seeking collection of the Claim. Purchaser shall seek to settle the Action on terms acceptable to Purchaser in its sole discretion and, by appropriate motion or other pleading, shall seek approval from the Court of such settlement.

Appears in 1 contract

Samples: Claim Purchase Agreement (Drone USA Inc.)

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