Common use of Election to Withdraw Clause in Contracts

Election to Withdraw. Within ten (10) days after the Opt-Out Deadline, ACT will have the option to withdraw from this Agreement if 2.5% or more of the total California Class Members has made a timely and valid Opt-Out Request. If ACT exercises this option, ACT will bear any Administrative Costs incurred to that date, and the Settlement will be deemed null and void.