Common use of Binding Effect of Settlement Upon Class Members Clause in Contracts

Binding Effect of Settlement Upon Class Members. If this Settlement is approved by the Court, at the Effective Date, all persons within the Class will be bound by the terms of the Settlement, except those Class Members who effectively exercise their right to opt out of the Class.

Binding Effect of Settlement Upon Class Members. If this Settlement is approved by the Court, at the Effective Date, all persons within the Class will be bound by the terms of the Settlement, except those Class Members who effectively exercise their right to opt out of the ClassClass under the terms of the Preliminary Approval Order.