Common use of Minimum Participation Level Clause in Contracts

Minimum Participation Level. The Philips Defendants shall have the option, in their sole discretion, to terminate the Settlement if the following Participation Level threshold is not met (a “Termination Right”): Overall Participation Level.95% of Eligible Claimants become Registered Claimants per the formula in Section 5.1.

Minimum Participation Level. The Philips Defendants shall have the option, in their sole discretion, to terminate the Settlement if the following Participation Level threshold is not met (a “Termination Right”): Overall Participation Level.95Level. 95% of Eligible Claimants become Registered Claimants per the formula in Section 5.1.