Common use of Final Settlement Approval Clause in Contracts

Final Settlement Approval. The Court fully and finally approves the Settlement, and finds that the Settlement is, in all respects, fair, reasonable, and adequate, and in the best interests of all Persons interested in Stanford, including but not limited to any Person who has ever held a certificate of deposit, CD, depository account, or investment with Stanford (“Claimant”), the Receiver, the Antiguan Liquidators, Stanford, the Committee and its members, and any SIPC trustee or other trustee whose appointment encompasses any matter related to any Stanford Person (collectively, “Interested Parties”). The Court approves the documents submitted to the Court in connection with the implementation of the Settlement. The Court finds that the Parties and their counsel have at all times complied with the requirements of Rule 11 of the Federal Rules of Civil Procedure. The Parties are directed to implement and consummate the Settlement in accordance with the terms and provisions of the Agreement, unless and until Kroll terminates the Agreement and the Settlement pursuant to Section XIV of the Agreement.

Appears in 2 contracts

Sources: Settlement Agreement, Settlement Agreement

Final Settlement Approval. The Court fully and finally approves the Settlement, and finds that the Settlement is, in all respects, fair, reasonable, and adequate, and in the best interests of all Persons interested in Stanford, including but not limited to any Person who has ever held a certificate of deposit, CD, depository account, or investment with Stanford (“Claimant”), the Receiver, the Antiguan Liquidators, Stanford, the Committee and its members, and any SIPC trustee or other trustee whose appointment encompasses any matter related to any Stanford Person (collectively, “Interested Parties”). The Court approves the documents submitted to the Court in connection with the implementation of the Settlement. The Court finds that the Parties and their counsel have at all times complied with the requirements of Rule 11 of the Federal Rules of Civil Procedure. The Parties are directed to implement and consummate the Settlement in accordance with the terms and provisions of the Agreement, unless and until Kroll ▇▇▇▇▇ terminates the Agreement and the Settlement pursuant to Section XIV of the Agreement.

Appears in 1 contract

Sources: Settlement Agreement