Common use of Occurrence of Effective Date Clause in Contracts

Occurrence of Effective Date. Upon the occurrence of all of the events in Section 18, any and all remaining interest or right of Deutsche Bank in or to the Settlement Fund, if any, shall be absolutely and forever extinguished, and the Net Settlement Fund shall be transferred from the Escrow Agent to the Settlement Administrator at the written direction of Interim Co-Lead Counsel.

Appears in 2 contracts

Sources: Settlement Agreement, Settlement Agreement