Common use of Dismissal of the Proceedings Clause in Contracts

Dismissal of the Proceedings. (1) Upon the Effective Date, the Ontario Action and the BC Action shall be dismissed, with prejudice and without costs, as against the Releasees who are named as Defendants in the Ontario Action and the BC Action. (2) Upon the Effective Date, the Quebec Action shall be settled, without costs and without reservation as against the Releasees who are named as Defendants in the Quebec Action, and the Parties shall sign and file a declaration of settlement out of court in the Quebec Court in respect of the Releasees who are named as Defendants in the Quebec Action.

Appears in 2 contracts

Sources: Settlement Agreement, Settlement Agreement

Dismissal of the Proceedings. (1) Upon the Effective Date, the Ontario BC Action and the BC Ontario Action shall be dismissed, dismissed with prejudice and without costs, costs as against the Releasees who are named as Defendants in the Ontario Action and the BC ActionSettling Defendants. (2) Upon the Effective Date, the Quebec Action shall be settled, declared settled out of court with prejudice and without costs and without reservation as against the Releasees who are named as Defendants in the Quebec Action, and the Parties shall sign and file a declaration of settlement out of court in the Quebec Court in respect of the Releasees who are named as Defendants in the Quebec ActionSettling Defendants.

Appears in 1 contract

Sources: Settlement Agreement

Dismissal of the Proceedings. (1) Upon the Effective Date, the Ontario Action and the BC Action shall be dismissed, with prejudice and without costs, as against the Releasees Settling Defendants who are named as Defendants in the Ontario Action and the BC Action. (2) Upon the Effective Date, the Quebec Québec Action shall be settled, without costs and without reservation as against the Releasees who are named Settling Defendants. (3) Following the Effective Date, Class Counsel will discontinue the BC Actions as Defendants in against the Quebec Action, and the Parties shall sign and file a declaration of settlement out of court in the Quebec Court in respect of the Releasees who are named as Defendants in the Quebec ActionSettling Defendants.

Appears in 1 contract

Sources: Settlement Agreement

Dismissal of the Proceedings. (1) Upon the Effective Date, the Ontario Action and the BC Action shall be dismissed, dismissed with prejudice and without costs, costs as against the Releasees who are named as Defendants in the Ontario Action and the BC ActionDefendants. (2) Upon the Effective Date, the Quebec Action shall be settled, settled without costs and without reservation as against the Releasees who are named as Defendants in the Quebec Actionreservation, and the Parties shall sign and file a declaration of settlement out of court with the Quebec Court. (3) Upon the Effective Date, ▇▇▇▇ will abandon the Canadian Bankruptcy Motion pending in the Quebec Court in respect of the Releasees who are named as Defendants in the Quebec ActionOntario Court.

Appears in 1 contract

Sources: Settlement Agreement

Dismissal of the Proceedings. (1) Upon the Effective Date, the Ontario Action and the BC Action shall be dismissed, with prejudice and without costs, as against the Releasees who are named as Defendants in the Ontario Action and the BC ActionSettling Defendants. (2) Upon the Effective Date, the Quebec Québec Action shall be settled, without costs and without reservation as against the Releasees who are named as Defendants in the Quebec ActionSettling Defendants, and the Parties shall sign and file a declaration of settlement out of court in the Quebec Québec Court in respect of the Releasees who are named as Defendants in the Quebec Québec Action.

Appears in 1 contract

Sources: Class Action Settlement Agreement

Dismissal of the Proceedings. (1) Upon the Effective Date, the Ontario Action Action, and the BC Action shall be dismissed, with prejudice and without costs, as against the Releasees who are named as Defendants in the Ontario Action and the BC ActionSettling Defendants. (2) Upon the Effective Date, the Quebec Québec Action shall be settled, without costs and without reservation as against the Releasees who are named as Defendants in the Quebec ActionSettling Defendants, and the Parties shall sign and file a declaration notice of settlement out of court in the Quebec Québec Court in respect of the Releasees who are named as Defendants in the Quebec Québec Action.

Appears in 1 contract

Sources: Settlement Agreement

Dismissal of the Proceedings. (1) Upon the Effective Date, the Ontario Action and the BC Action Actions shall be dismissed, dismissed with prejudice and without costs, costs as against the Releasees who are named as Defendants in the Ontario Action and the BC ActionSettling Defendants. (2) Upon the Effective Date, the Quebec Action shall be settled, declared settled out of court with prejudice and without costs and without reservation as against the Releasees who are named as Defendants in the Quebec Action, and the Parties shall sign and file a declaration of settlement out of court in the Quebec Court in respect of the Releasees who are named as Defendants in the Quebec ActionSettling Defendants.

Appears in 1 contract

Sources: National Settlement Agreement

Dismissal of the Proceedings. (1) Upon the Effective Date, the Ontario BC Action and the BC Ontario Action shall be dismissed, dismissed with prejudice and without costs, costs as against the Releasees who are named as Defendants in the Ontario Action and the BC ActionSettling Defendants. (2) Upon the Effective Date, the Quebec Action shall be settled, without costs and without reservation as against the Releasees who are named as Defendants in the Quebec Action, and the Parties shall sign and file a declaration of settlement out of court in the Quebec Court in respect of the Releasees who are named as Defendants in the Quebec Action.Settling Defendants

Appears in 1 contract

Sources: Settlement Agreement

Dismissal of the Proceedings. (1) Upon the Effective Date, the Ontario BC Action and the BC Ontario Action shall be dismissed, dismissed with prejudice and without costs, costs as against the Releasees who are named as Defendants in the Ontario Action and the BC ActionSettling Defendants. (2) Upon the Effective Date, the Quebec Action shall be settled, declared settled without costs and without reservation as against the Releasees who are named as Defendants in the Quebec Action, and the Parties shall sign and file a declaration of settlement out of court in the Quebec Court in respect of the Releasees who are named as Defendants in the Quebec ActionSettling Defendants.

Appears in 1 contract

Sources: Settlement Agreement

Dismissal of the Proceedings. (1) Upon the Effective Date, the Ontario Action and the BC Action shall be dismissed, dismissed with prejudice and without costs, costs as against the Releasees who are named as Defendants in the Ontario Action and the BC ActionSettling Defendants. (2) Upon the Effective Date, the Quebec Action shall be settled, settled without costs and without reservation as against the Releasees who are named as Defendants in the Quebec ActionSettling Defendants, and the Parties shall sign and file a declaration of settlement out of court in with the Quebec Court in respect of the Releasees who are named as Defendants in the Quebec ActionCourt.

Appears in 1 contract

Sources: Settlement Agreement