Common use of DENIAL OF WRONGDOING AND LIABILITY Clause in Contracts

DENIAL OF WRONGDOING AND LIABILITY. ▇▇▇▇▇▇▇ denies each and all of the claims and contentions alleged against it in the Litigation and believes its defenses have merit. ▇▇▇▇▇▇▇ denies all charges of wrongdoing or liability as alleged, or which could be alleged, in the Litigation. Nonetheless, ▇▇▇▇▇▇▇ has concluded that further Litigation would be protracted and expensive, and that it is desirable that the Litigation be fully and finally settled in the manner and upon the terms and conditions set forth in this Class Settlement Agreement. ▇▇▇▇▇▇▇ has also considered the uncertainty and risks inherent in any litigation. ▇▇▇▇▇▇▇ has, therefore, determined it is desirable and beneficial that the Litigation be settled in the manner and upon the terms and conditions set forth in this Class Settlement Agreement.

Appears in 2 contracts

Sources: Class Settlement Agreement, Class Settlement Agreement

DENIAL OF WRONGDOING AND LIABILITY. ▇▇▇▇▇▇ denies each and all of the claims and contentions alleged against it in the Litigation and believes its defenses have meritLitigation. ▇▇▇▇▇▇ denies all charges of wrongdoing or liability as alleged, or which could be alleged, in the Litigation. Nonetheless, ▇▇▇▇▇▇ has concluded that further Litigation litigation would be protracted and expensive, and that it is desirable that the Litigation be fully and finally settled in the manner and upon the terms and conditions set forth in this Class Settlement Agreement. ▇▇▇▇▇▇ has also considered the uncertainty and risks inherent in any litigation. ▇▇▇▇▇▇ has, therefore, determined that it is desirable and beneficial that the Litigation be settled in the manner and upon the terms and conditions set forth in this Class Settlement Agreement.

Appears in 1 contract

Sources: Settlement Agreement

DENIAL OF WRONGDOING AND LIABILITY. ▇▇▇▇▇▇▇ denies each and all of the claims and contentions alleged against it in the Litigation and believes its defenses have meritLitigation. ▇▇▇▇▇▇▇ denies all charges of wrongdoing or liability as alleged, or which could be alleged, in the Litigation. Nonetheless, ▇▇▇▇▇▇▇ has concluded that further Litigation litigation would be protracted and expensive, and that it is desirable that the Litigation be fully and finally settled in the manner and upon the terms and conditions set forth in this Class Settlement Agreement. ▇▇▇▇▇▇▇ has also considered the uncertainty and risks inherent in any litigation. ▇▇▇▇▇▇▇ Trussway has, therefore, determined that it is desirable and beneficial that the Litigation be settled in the manner and upon the terms and conditions set forth in this Class Settlement Agreement.

Appears in 1 contract

Sources: Settlement Agreement