Settlement Approval Order Sample Clauses

A Settlement Approval Order is a court-issued directive that formally approves the terms of a settlement agreement between parties, often in the context of class action lawsuits or disputes involving multiple claimants. This order typically outlines the obligations of each party, confirms the fairness and adequacy of the settlement, and may set forth procedures for distributing settlement funds or dismissing claims. Its core practical function is to provide legal validation and enforceability to the settlement, ensuring that all parties are bound by its terms and that the dispute is conclusively resolved.
Settlement Approval Order. After the Notices are distributed as set forth in the Distribution Protocol and pursuant to the Notice Approval Order, the Plaintiff shall bring one (1) joint application asking the Court to approve the Settlement and said application will be presented on a date set by the Court.
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Settlement Approval Order. 2 The Court further enters judgment on its Order Granting Final Approval of Class Action 3 Settlement of even date therewith, which is incorporated herein by reference.
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Settlement Approval Order. Settlement Approval Order means the order to be granted by the Ontario Court of Justice (Commercial List) in the UC Receivership Proceedings which will approve the arrangements among Urbancorp Developments (Leslieville) Inc. and the Stakeholders (as defined in the Development Contract) with respect with the Project, as it may be amended, restated or supplemented from time to time, in each case in form and substance satisfactory to those parties. Shop Drawings are drawings, diagrams, illustrations, schedules, performance charts, brochures, Product data, and other data which the Contractor provides to illustrate details of portions of the Work. The Site Plan Agreement is the Site Plan Agreement to be entered into between Urbancorp (Leslieville) Developments Inc. and the City of Toronto, as may be amended from time to time, the current draft copy of which is attached as Schedule “K”.
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Settlement Approval Order. The Claims Administrator shall administer the terms of this Settlement Agreement by resolving Claims for Refund in a cost-effective and timely manner.
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Settlement Approval Order. The Settlement Approval Order shall: (a) Certify the Settlement Class for settlement purposes only; (b) Approve this Settlement Agreement and find that this Settlement Agreement is fair, reasonable and in the best interests of the Settlement Class; (c) Approve the Settlement Approval Notice and direct that it be given as set forth in Section 6.1.2 of this Settlement Agreement; (d) Provide that all Settlement Class Members will be bound by the Settlement Approval Order, except those Settlement Class Members who submit to the Settlement Administrator a valid and timely Opt-Out Form, on or before the Opt-Out Deadline specified in the Settlement Approval Notice and Settlement Approval Order, in accordance with the procedures set forth in the Settlement Approval Notice and Section 7.2 of this Settlement Agreement; (e) Authorize the Parties to implement the terms of this Settlement Agreement; (f) Dismiss the Action with prejudice; (g) Expressly include the Settlement Release as set forth in Section 8.1 of this Settlement Agreement; (h) Permanently enjoin the Plaintiff and Settlement Class Members from commencing, prosecuting, maintaining, or participating in, or permitting another to commence, maintain, or participate in on their behalf, either directly or indirectly, any action asserting any of the Released Claims against any of the Released Parties, unless they have submitted a valid and timely Opt-Out Form; (i) Retain jurisdiction relating to the administration, consummation, enforcement, and interpretation of this Settlement Agreement and the Settlement Approval Order, and for any other necessary purpose; (j) Reserve jurisdiction to issue related orders to effectuate the final approval of this Settlement Agreement and its implementation; and (k) Be substantially in the form attached to this Settlement Agreement as
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Settlement Approval Order. The actions taken pursuant to this Contribution and Assignment Agreement are directed by the Bankruptcy Court pursuant to the Settlement Approval Order.
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Settlement Approval Order. On or prior to August 26, 2018, the Debtors shall file the Settlement Motion with the Bankruptcy Court. The Debtors shall serve notice of the Settlement Motion on all of the Debtors' creditors, equity holders, and any other party in interest who would be required to receive notice of a motion to approve the Disclosure Statement under the Bankruptcy Code and the Bankruptcy Rules. The Debtors will obtain the Settlement Approval Order on or prior to September 28, 2018.
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Related to Settlement Approval Order

  • Settlement Approval The approval of the Master Servicer need not be requested for disposition of insurance loss settlements and the Servicer may disburse the loss proceeds as provided herein.

  • Preliminary Approval Order “Preliminary Approval Order” means the order of the Court preliminarily approving this Settlement Agreement.

  • Final Order If the Interim Order is obtained and the Arrangement Resolution is passed at the Meeting as provided for in the Interim Order, the Company will, as soon as reasonably practicable (but in any event within two (2) Business Days) thereafter, take all steps necessary or desirable to submit the Arrangement to the Court and diligently pursue an application for the Final Order pursuant to the BCBCA.

  • PRELIMINARY APPROVAL OF SETTLEMENT Promptly upon execution of this Stipulation, Lead Plaintiffs will move for preliminary approval of the Settlement, certification of the Settlement Class for settlement purposes only, and the scheduling of a hearing for consideration of final approval of the Settlement, which motion shall be unopposed by Defendants. Concurrently with the motion for preliminary approval, Lead Plaintiffs shall apply to the Court for, and Defendants shall agree to, entry of the Preliminary Approval Order, substantially in the form attached hereto as Exhibit A.

  • Sale Order The Sale Order shall, among other things, (a) approve, pursuant to sections 105, 363 and 365 of the Bankruptcy Code, (i) the execution, delivery and performance by Sellers of this Agreement, (ii) the sale of the Acquired Assets to Buyer on the terms set forth herein and free and clear of all Encumbrances (other than Permitted Encumbrances), and (iii) the performance by Sellers of their obligations under this Agreement, (b) authorize and empower Sellers to assume and assign to Buyer the Transferred Contracts, (c) find that Buyer is a “good faith” purchaser within the meaning of section 363(m) of the Bankruptcy Code, find that Buyer is not a successor to any Seller, and grant Buyer the protections of section 363(m) of the Bankruptcy Code, (d) find that Buyer shall have no Liability or responsibility for any Liability or other obligation of any Seller arising under or related to the Acquired Assets other than as expressly set forth in this Agreement, including successor or vicarious Liabilities of any kind or character, including any theory of antitrust, environmental, successor, or transferee Liability, labor law, de facto merger, or substantial continuity, (e) find that Buyer has provided adequate assurance (as that term is used in section 365 of the Bankruptcy Code) of future performance in connection with the assumption of the Transferred Contracts, (f) find that Buyer shall have no Liability for any Excluded Liability, (g) find that the consideration provided by Buyer pursuant to this Agreement constitutes reasonably equivalent value and fair consideration for the Acquired Assets, (h) find that Buyer and Sellers did not engage in any conduct which would allow this Agreement to be set aside pursuant to section 363(n) of the Bankruptcy Code and (i) order that, notwithstanding the provisions of the Federal Rules of Bankruptcy Procedures 6004(h) and 6006(d), the Sale Order is not stayed and is effective immediately upon entry. Buyer agrees that it will promptly take such actions as are reasonably requested by any Seller to assist in obtaining Bankruptcy Court approval of the Sale Order, including furnishing affidavits or other documents or information for filing with the Bankruptcy Court for purposes, among others, of (A) demonstrating that Buyer is a “good faith” purchaser under section 363(m) of the Bankruptcy Code and (B) establishing adequate assurance of future performance within the meaning of section 365 of the Bankruptcy Code.