Cessation of Litigation Clause Samples

The Cessation of Litigation clause requires the parties to halt any ongoing legal proceedings related to the subject matter of the agreement. In practice, this means that if either party has initiated a lawsuit or other formal dispute process, they must discontinue those actions once the agreement is in effect, often by filing a notice of dismissal or withdrawal. This clause ensures that all disputes are resolved through the terms of the agreement rather than through continued litigation, promoting finality and preventing duplicative or conflicting legal actions.
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Cessation of Litigation. Upon execution of the Agreement, with the exception of activity by Class Counsel to obtain approval of the Agreement or activity to preserve the status quo in extant litigation matters, all litigation pending in Canada elsewhere than in the provinces of Quebec and Ontario against Dow Corning and/or the Released Parties that is under the direction of Class Counsel shall immediately cease and be subject to a stay of proceedings, and Class Counsel shall use their best efforts to achieve the cessation and stay of all such litigation matters.
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Cessation of Litigation. 1) The Parties will cooperate to obtain approval of this Agreement and to facilitate general participation by Primary Class Members in the Claims Process. 2) On the Approval Date, Class Counsel will undertake to refrain at any time from commencing or assisting or advising on the commencement or continuation of any action or proceeding against the Releasees in any way relating to or arising from any and all claims asserted in the ▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ actions. Nothing in this Agreement prevents Class Counsel from assisting with the administration of the Agreement, informing Class Members of the provisions of the Agreement, assisting Class Members with their Claims under the Agreement, or advising Class Members to obtain independent legal advice before deciding whether to opt out.
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Cessation of Litigation. (1) Upon execution of this Agreement, the representative plaintiffs named in the Class Actions and the Cloud Class Action, and counsel from each of the groups set out in Section 4.09(4)(c), (d), (e), (f) and (g) will cooperate with the defendants named in the Class Actions and in the Cloud Class Action to obtain approval of this Agreement and general participation by Class Members and Cloud Class Members and Non-resident Claimants in all aspects of the Agreement. (2) Each counsel from each of the groups set out in section 4.09(4)(c), (d), (e), (f) and (g) will undertake, within five days after the Approval Date, not to commence or assist or advise on the commencement or continuation of any actions or proceedings calculated to or having the effect of undermining this Agreement against any of the Releasees, or against any person who may claim contribution or indemnity from any of the Releasees in any way relating to or arising from any claim which is subject to this Agreement, provided that nothing in the Agreement will prevent any counsel from advising any person whether to opt out of the Class Actions and to continue to act for that person.
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Cessation of Litigation. (1) Upon execut ion of this Agreement, the Class Action Plaintiffs and Class Action Counsel will cooperate with the FPT Government s to obtain appro val of this Agr eement and general participation by Class Members in the Plans. (2) Each Class Action Counsel will undertake, within five Business Days after t he Appro val Date, not to commence or assist or ad vise on the commencement or continuation of any act ion or proceeding against any of the Releasees, or against any person who may claim contribution or indemnity from any of the Releasees in any way relat ing to or arising from (i) in the case of a Transfused Class Member, the infection of a Primarily-Infected Person with HCV during the Class Period or (ii) in the case of a Hemophiliac Class Member, the infection of a Primar ily-Infected Hemophiliac with HCV from Blood (including, in each case, the infection of a Secondarily-Infected Person), provided that not hing in the Agreement will prevent any Class Action Counsel from advising any per son to obt ain independent legal advice before deciding whether to opt out of a Class Action.
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Cessation of Litigation. Within five (5) days of the Settlement Effective Date: (i) the FTX Debtors shall dismiss with prejudice the Injunction Adversary Proceeding; (ii) MDL Plaintiffs shall withdraw with prejudice Plaintiffs’ Motion for All (iii) MDL Plaintiffs shall withdraw with prejudice Plaintiffs’ Limited Omnibus Objection of MDL FTX Customers to Professionals’ Monthly Fee Statements for May and June 2024 and not file or cause to be interposed any future objections to the fee statements or applications of any professionals retained by order of the Bankruptcy Court; and (iv) MDL Plaintiffs shall withdraw with prejudice any objections to the Chapter 11 Plan filed in the FTX Bankruptcy Proceedings to which they are a party, and shall not take any further action to hinder, delay or interfere with confirmation of the Chapter 11 Plan. (v) Except with the consent of the FTX Debtors, which shall not be unreasonably withheld, the MDL Plaintiffs agree not to commence or continue litigation of any kind relating to the FTX Debtors (whether related to the FTX Debtors’ pre-petition or post-petition activities) other than Excluded Independent Actions and the MDL Continuing Actions, and to amend or withdraw with prejudice pending pleadings accordingly. MDL Counsel agree not to take any action inconsistent with the terms of this Global Settlement Agreement.
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Cessation of Litigation. Immediately upon execution of this Settlement Agreement, the Parties shall cease all litigation activity in the Action (other than any activity necessary to implement this Settlement Agreement) until each of the conditions precedent to the Parties’ obligation to consummate the Settlement has been satisfied or waived, or the Settlement is disapproved by the court or an appellate court, or a material modification to the Settlement is ordered by the court or an appellate court which is unacceptable to any Party.
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Cessation of Litigation 
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Related to Cessation of Litigation

  • Notification of litigation The Borrower will provide the Agent with details of any legal or administrative action involving the Borrower, any Security Party, the Approved Manager, any Ship or the Earnings or the Insurances of any Ship as soon as such action is instituted or it becomes apparent to the Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.

  • Dismissal of Litigation Within five (5) days of the Effective Date, Summit, VISX and Pillar Point shall cause all of the Summit/VISX Litigation (as hereinafter defined) to be dismissed with prejudice, with each party to bear its own costs and attorneys' fees. As used herein, "Summit/VISX Litigation" means VISX Partner, Inc. v. Summit Partner, Inc., Sant▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Court, Case No. CV 772057; VISX, Incorporated v. Pillar Point Partners, et al., Sant▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Court, Case No. 770042; and VISX Partner, Inc., on behalf Pillar Point Partners, United States District Court, District Of Massachusetts, Case No. 96-11739-PBS. The term "Summit/VISX Litigation" includes all counterclaims, cross-claims and the like asserted in the foregoing actions.

  • Stay of Litigation The Parties agree that upon the execution of this Agreement the litigation shall be stayed, except to effectuate the terms of this Agreement. The Parties further agree that upon the signing of this Agreement that pursuant to CCP section 583.330 to extend the date to bring a case to trial under CCP section 583.310 for the entire period of this settlement process.

  • Certain Litigation The Company agrees that it ------------------- shall not settle any litigation commenced after the date hereof against the Company or any of its directors by any stockholder of the Company relating to the Offer, the Merger, this Agreement or the Stockholder Agreements, without the prior written consent of Parent. In addition, the Company shall not voluntarily cooperate with any third party that may hereafter seek to restrain or prohibit or otherwise oppose the Offer or the Merger and shall cooperate with Parent and Sub to resist any such effort to restrain or prohibit or otherwise oppose the Offer or the Merger.

  • Notice of Litigation and Judgments The Borrower will give notice to the Agent in writing within five (5) Business Days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Borrower, any Guarantor or any of their respective Subsidiaries or to which the Borrower, any Guarantor or any of their respective Subsidiaries is or is to become a party involving an uninsured claim against the Borrower, any Guarantor or any of their respective Subsidiaries that could either reasonably be expected to cause a Default or could reasonably be expected to have a Material Adverse Effect and stating the nature and status of such litigation or proceedings. The Borrower will give notice to the Agent, in writing, in form and detail reasonably satisfactory to the Agent and each of the Lenders, within ten (10) days of any judgment not covered by insurance, whether final or otherwise, against the Borrower or any of their respective Subsidiaries in an amount in excess of $10,000,000.00.