Common use of Settlement Effective Date Clause in Contracts

Settlement Effective Date. The effective date of this Agreement (the “Settlement Effective Date”) shall be the date on which each of the following conditions to the effectiveness of the settlement set forth herein has been satisfied: a. Each Party’s execution and delivery of this Agreement; b. The approval by a duly authorized official of each of the State Agencies to the terms of the settlement set forth herein, as evidenced by the signatures of Cal DDS, Cal DTSC, CAL FIRE, Cal OES, ▇▇▇ ▇▇▇▇▇, CSU, Caltrans, and Cal Vet to this Agreement; c. The effective date of the FEMA Agreement and the release of the Duplication of Benefits Claims against the State Agencies as provided in the FEMA Agreement dated as of April 21, 2020; d. The Bankruptcy Court’s entry of an order granting the Approval Motion; and e. The Effective Date of the Chapter 11 Plan.