Common use of Settlement Effective Date Clause in Contracts

Settlement Effective Date. “Settlement Effective Date” shall be the date after the day upon which the Settlement has been finally approved by the Court and: (a) any appeals of the Final Approval Order have been resolved with no further rights to appeal; or (b) the time for any appeals from these orders have expired with no appeals having been taken. In the case of no appeal, the Settlement Effective Date will be thirty-one (31) days after the Final Approval Order.

Settlement Effective Date. “Settlement Effective Date” shall be means the date after the day upon which the Settlement has been finally approved by the Court and: (a) any appeals time for appeal as a matter of right of the Final Approval Order have been resolved with no further rights to appeal; or (b) the time for any appeals from these orders have expired with no appeals having been taken. In the case of expires, provided that there is no appeal, or if there is an appeal from the Settlement Effective Date will be thirty-one (31) days Court’s decision granting final approval, the day after the Final Approval Orderall appeals are finally resolved in favor of final approval.