Common use of Class, Collective and Representative Action Waiver Clause in Contracts

Class, Collective and Representative Action Waiver. The parties agree that, with respect to any claims that are subject to arbitration under clause (i) of this Section 13, in any forum whether arbitration or otherwise, the parties both waive the right to (a) join or consolidate claims by other individuals or entities against the other party, including but not limited to by becoming a member of a class in a class action; or (b) bring, maintain, participate in, receive money from, or arbitrate any claim as a representative or participate in a class, representative, multi-plaintiff, or collective action. Any attempt to proceed in arbitration, court or any other forum on anything other than an individual basis shall be void ab initio and be precluded by every tribunal in which any such action is brought.

Appears in 2 contracts

Sources: Long Term Incentive Plan Share Unit Agreement (Galaxy Digital Inc.), Long Term Incentive Plan Dsu Award Agreement (Galaxy Digital Inc.)