Common use of Upon the Effective Date Clause in Contracts

Upon the Effective Date. Said Release as explained above shall be in effect upon the Effective Date of this Settlement, and: a. The Settlement Agreement shall be exclusive remedy for any and all Released Claims of Settlement Class Members; b. The Released Parties shall not be subject to liability or expense of any kind to any Settlement Class Members or their successors, predecessors, or assigns except as set forth herein;