Class Action Claims Clause Samples

The Class Action Claims clause restricts parties from bringing or participating in lawsuits as part of a group or class, requiring that any legal claims be pursued individually. In practice, this means that if a dispute arises, each party must file their own separate claim rather than joining with others in a collective legal action. This clause is commonly used in contracts to prevent the complexities and potential liabilities associated with class action lawsuits, thereby limiting the scope of litigation and reducing the risk of large, aggregated claims against a party.
Class Action Claims. BPIC and the Custodian will, in their sole discretion, determine what role they will take in any legal proceedings affecting any securities held in the Account. It is not BPIC’s current practice to take the role of lead plaintiff on class actions but BPIC may in its sole discretion decide to do so in the future. However, BPIC may, in its sole discretion, if the Client is an eligible member of a class, process class action claims on the Client’s behalf or, may enlist Section One: BMO Private Investment Counsel Inc. Client Account Agreement (cont’d...) another company or firm in respect of exercising such discretion. Accordingly, BPIC may handle all pendency notices (notices of pending class action group filings/formations) and proof of claim forms (forms for the Client to complete and return to the class actions administrator or other designated party in order to claim the Client’s portion of the proposed settlement) in connection with a class action involving a security held in the Account. Notwithstanding the above, BPIC will not process any class action claims on the Client’s behalf or take any action whatsoever with respect to class actions if the Account is closed. Accordingly, the Client has an obligation to keep track of class actions in the event that his/her Account is closed. BPIC may charge the Client a reasonable fee for the filing of each class action claim, which filing fee, if any, will be charged quarterly. There may be instances where BPIC believes in good faith that the proceeds of settlement of a class action claim may not cover the filing fee. In such instances, BPIC may, in its discretion, choose not to file the class action claim on the Client’s behalf.
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Class Action Claims. We, together with the custodian, will in our and the Custodian’s sole discretion, determine what role we and the Custodian will take in any legal proceedings affecting any securities held in your Account. It is not our current practice to take the role of lead plaintiff on class actions but we may in our sole discretion decide to do so in the future. However, we may, in our sole discretion, if you are an eligible member of a class, process class action claims on your behalf or, may enlist another company or firm in respect of exercising such discretion. Accordingly, we may handle all pendency notices (notices of pending class action group filings/formations) and proof of claim forms (forms for you to complete and return to the class actions administrator or other designated party in order to claim your portion of the proposed settlement) in connection with a class action involving a security held in your Account. Notwithstanding the above, we will not process any class action claims on your behalf or take any action whatsoever with respect to class actions if your Account is closed. Accordingly, you have an obligation to keep track of class actions in the event that your Account is closed. We may charge you a reasonable fee for the filing of each class action claim, which filing fee, if any, will be charged quarterly. There may be instances where we believe in good faith that the proceeds of settlement of a class action claim may not cover the filing fee. In such instances, we may, in our discretion, choose not to file the class action claim on your behalf.
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Class Action Claims. We will, in our sole discretion, determine what role we will take in any legal proceedings affecting any securities held in your Account. BPIC has engaged Broadridge Investor Communication Solutions, Inc. (“Broadridge”) to file claims on your behalf in certain securities class action lawsuits and disgorgements ordered by Canadian or U.S. regulators identified by Broadridge (“Class Action Service”). It is intended that the Class Action Service will commence in January 2022. You will be automatically enrolled in this Class Action Service once it commences or the date on which you opened your Account, whichever is later. Broadridge’s fee for this service is a contingency fee of 10 of any of the class action recoveries you receive through the Class Action Service, which fee will be deducted from any recoveries that are credited to your Account. We will not charge you our own fee, and do not receive any direct fee from Broadridge, with respect to the Class Action Service with Broadridge. If you wish for your Account to be removed from the Class Action Service, please speak with your Investment Counsellor. Prior to the commencement of the Class Action Service, and for any eligible class actions not part of the Class Action Service, or in the event that BPIC’s engagement with Broadridge is terminated, we may, in our sole discretion process class action claims on your behalf or may enlist another company or firm to exercise such discretion (a “Third Party”). The actions in the Class Action Service shall be limited to “opt- out” cases and eligibility to participate in the class is based solely on sales and purchases of securities in your Account. Under the Class Action Service, claims will only be filed once a court or administrative order has been issued that sets forth a claim filing deadline. An “opt-out” case means all eligible security holders are automatically considered to be part of the class and if an individual does not wish to be part of the class action lawsuit, they must actively opt-out of the class. The Class Action Service will only cover those securities that were purchased while you were a client of BPIC. It will not include securities that you purchased other than through BPIC. For the avoidance of doubt, the Class Action Service does not include any lawsuit which requires prospective class members to provide additional evidence of eligibility other than purchases and sales of the applicable security, including but not limited to evidence of act...
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Class Action Claims. In the event of a Class Action Claim: (i) Capital shall have the right, with counsel of its choosing, to defend against, and consent to the entry of any judgment or enter into any settlement with respect to, a Class Action Claim; (ii) pursuant to Section 14(c), the NHG Shareholders shall reimburse Capital promptly and periodically for one-half of the amount of attorneys' fees and court costs incurred in defending any Class Action Claim; and (iii) the aggregate Adverse Consequences payable by the NHG Shareholders to Capital relating to any Class Action Claim shall be reduced by an amount that is equal to one-half of the attorneys' fees and court costs which would otherwise be included in such aggregate Adverse Consequences. Notwithstanding anything to the contrary expressed or implied herein, Capital and its counsel shall keep the Shareholders' Attorney-in-Fact informed of all proceedings in and developments concerning any Class Action Claim, shall promptly deliver to the Shareholders' Attorney-in-Fact copies of all documents, including, but not limited to, pleadings, correspondence and discovery documents, pertaining to such Class Action Claims or the defense thereof as the Shareholders' Attorney-in-Fact may reasonably request, and shall not, without the prior written approval of the Shareholders' Attorney-in-Fact (which approval may be given, denied or conditionally withheld in the Shareholders' Attorney-in-Fact's sole discretion), enter into (or fail to enter into) any settlement or confession of judgment with respect to any Class Action Claims, or fail to use reasonable efforts to defend any Class Action Claims through to a judgment or fail to take or oppose any appeal therefrom. If the Shareholders' Attorney-in-Fact's approval is denied or conditionally withheld, Capital and the Shareholders' Attorney-in-Fact shall proceed as follows:
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Class Action Claims. M&I will assess a fee to research and process security class action settlement claims where M&I held custody of the security at the time the claim arose. For relationships with accounts on M&I’s Trust Accounting System at the time the class action proceeds are received, M&I will charge $75 per class action per trust account holder. For relationships where the account is no longer on M&I’s Trust Accounting System due to account closing, investment manager removal or transfer to a successor provider M&I will charge $150 per class action per trust account holder. For successive class action settlement proceeds received with respect to a previously filed claim of the issuer, M&I will charge $50 where the account is active on our Trust Accounting System and $100 for relationships where the account has been closed under the scenarios described above. These fees will be netted against the settlement proceeds credited to the account. M&I will not assess a fee where a prior provider held the security subject to the class action at the time the claim arose, collected the settlement proceeds, and forwarded the settlement to M&I as a successor provider.
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Class Action Claims. This Agreement is specifically intended to settle and compromise all claims presented to the Court in the Federal Class Action, and will be submitted to the Court for approval pursuant to Fed. R. Civ. P. 23.
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Class Action Claims. The following is added to Section 1 between the definitions of "Charter Documents" and "Closing":
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Class Action Claims. All class action claims against PSC and any of its Affiliates will be settled in exchange for common shares of the restructured PSC. Any equity issued to such claimants together with the equity to be retained by PSC's existing shareholders shall equal 10% of the common shares of the reorganized PSC, subject to dilution, inter alia, upon any conversion of Secured PIK Notes.
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Related to Class Action Claims

  • CLASS ACTIONS The Custodian shall use its best efforts to identify and file claims for the Fund(s) involving any class action litigation that impacts any security the Fund(s) may have held during the class period. The Trust agrees that the Custodian may file such claims on its behalf and understands that it may be waiving and/or releasing certain rights to make claims or otherwise pursue class action defendants who settle their claims. Further, the Trust acknowledges that there is no guarantee these claims will result in any payment or partial payment of potential class action proceeds and that the timing of such payment, if any, is uncertain. However, the Trust may instruct the Custodian to distribute class action notices and other relevant documentation to the Fund(s) or its designee and, if it so elects, will relieve the Custodian from any and all liability and responsibility for filing class action claims on behalf of the Fund(s). In the event the Fund(s) are closed, the Custodian shall only file the class action claims upon written instructions by an authorized representative of the closed Fund(s). Any expenses associated with such filing will be assessed against the proceeds received of any class action settlement.

  • Litigation; Claims Any rights (including indemnification) and claims and recoveries under litigation of Seller against third parties attributable to the period on or prior to the Closing except to the extent relating to the Assumed Liabilities;

  • Class Action Waiver THE PARTIES AGREE THAT ANY CLAIMS WILL BE ADJUDICATED ON AN INDIVIDUAL BASIS, AND EACH WAIVES THE RIGHT TO PARTICIPATE IN A CLASS, COLLECTIVE, PAGA, OR OTHER JOINT ACTION WITH RESPECT TO THE CLAIMS.

  • Class Action Filings The Sub-Adviser is not responsible for making any class action filings on behalf of the Trust.

  • Proxies; Class Actions (a) The Manager has provided the Subadvisor a copy of the Manager’s Proxy Voting Policy, setting forth the policy that proxies be voted for the exclusive benefit and in the best interests of the Trust. Absent contrary instructions received in writing from the Trust, the Subadvisor will vote all proxies solicited by or with respect to the issuers of securities held by the Series in accordance with applicable fiduciary obligations. The Subadvisor shall maintain records concerning how it has voted proxies on behalf of the Trust, and these records shall be available to the Trust upon request. (b) Manager acknowledges and agrees that the Subadvisor shall not be responsible for taking any action or rendering advice with respect to any class action claim relating to any assets held in the Allocated Assets or Series. Manager will instruct the applicable service providers not to forward to the Subadvisor any information concerning such actions. The Subadvisor will, however, forward to Manager any information it receives regarding any legal matters involving any asset held in the Allocated Assets or Series.