Common use of Effect if Settlement Not Approved or Agreement is Terminated Clause in Contracts

Effect if Settlement Not Approved or Agreement is Terminated. If the Court does not approve the Settlement, or if the Settlement is reversed or rendered void as a result of an appeal, any amounts paid into the Settlement Fund shall be returned to Defendants, less any notice costs and reasonable, related administrative expenses paid or incurred as of the date of such order, the Settlement and any obligations thereunder shall be rendered void, and the Parties shall revert to their pre-settlement litigation positions. In the event that the Court does not approve the Settlement, the Parties have reserved all rights regarding class certification and the merits, including but not limited to the Parties’ right to engage in discovery and Defendants’ right to oppose any motion for class certification on any and all factual and legal grounds in this or any other action. In the event that the Court does not approve the Settlement, the Parties agree to meet and confer on an appropriate case management schedule to be approved by the Court.