Common use of Right to Rescission Clause in Contracts

Right to Rescission. In the event that more than five percent (5%) of the class members opt-out of the Settlement, Defendant has the right to rescind the Settlement. The Parties agree that if ITS exercises its option to rescind the Settlement, it will be responsible for the Settlement Administrator fees. Otherwise, if the Settlement is not finally approved by the Court, the Parties will be responsible for the Settlement Administrator’s fees on a 50/50 basis.

Right to Rescission. In the event that more than five percent (5%) of the class 21 members opt-out of the Settlement, Defendant has the right to rescind the Settlement. The Parties 22 agree that if ITS Defendant exercises its option to rescind the Settlement, it will be responsible for the 23 Settlement Administrator feesfees through the rescission date. Otherwise, if the Settlement is not finally 24 approved by the Court, the Parties Plaintiff will be responsible for the Settlement Administrator’s fees on a 50/50 basisfees.

Right to Rescission. In the event that more than five percent (5%) of the class 11 members opt-out of the Settlement, Defendant has the right to rescind the Settlement. The Parties 12 agree that if ITS Defendant exercises its option to rescind the Settlement, it will be responsible for the 13 Settlement Administrator feesfees through the rescission date. Otherwise, if the Settlement is not finally 14 approved by the Court, the Parties Plaintiff will be responsible for the Settlement Administrator’s fees on a 50/50 basisfees.