Common use of Cessation of Litigation Clause in Contracts

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.

Appears in 2 contracts

Sources: Settlement Agreement, Settlement Agreement