Common use of Consequences of Exercise of Walk Away Right Clause in Contracts

Consequences of Exercise of Walk Away Right. (A) Upon exercising the Walk Away Right, the Program shall immediately terminate and this Agreement becomes null and void, Organon shall not be obligated to deposit any Settlement Funds into the Qualified Settlement Fund, and all Releases and Stipulations of Dismissal or Motions to Dismiss shall promptly be returned to NPC, the Program Participant’s counsel, or the pro se Program Participant, as appropriate. Organon shall be responsible for payment of any Administrative Expenses incurred through the termination date. (B) In the event that Organon exercises the Walk Away Right, the Statute of Limitations applicable to any Qualifying Unfiled Program Participant shall be deemed to have been tolled from the time of her submission of the Notice of Intent to Opt In Form For Unfiled Claims until a period expiring sixty (60) days after Organon files its Walk Away Right notice with the MDL Court’s Electronic Filing System. Nothing in this provision shall be interpreted to revive or render legally viable a Claim that was time-barred