Common use of EFFECTIVE DATE OF SETTLEMENT Clause in Contracts

EFFECTIVE DATE OF SETTLEMENT. This Agreement must be approved by the Court of Common Pleas of ▇▇▇▇▇▇▇▇▇▇▇▇ County, Pennsylvania, pursuant to Pa.R.Civ.P. 1714. This Agreement and the settlement contemplated herein shall become final (“Final”) on the first date (the “Effective Date”) by which each of the following have occurred: (i) a final judgment, substantially in the form of Exhibit B, is entered by the Court approving this Agreement and dismissing the claims of the Plaintiffs and the Class with prejudice; and (ii) thirty-one (31) days have passed after the judgment approving the Settlement has been entered without any appeals having been taken, or, if an appeal or request for review has been taken, five (5) business days following the voluntary or involuntary termination of the appeal whether through order of an appellate court or otherwise with no right of additional appeal remaining.