Common use of STIPULATION OF DISMISSAL Clause in Contracts

STIPULATION OF DISMISSAL. Concurrently with the issuance of the Shares in accordance with the provisions of Section 1.1(ii), the parties, through their respective counsel, shall enter into and file with the District Court in Tel Aviv-Jaffa, within twenty four (24) hours of the issuance of the Shares hereunder, a dismissal of the Lawsuit with prejudice. However, the Court in Tel Aviv-Jaffa shall expressly retain exclusive jurisdiction over the action for purpose of enforcing this Agreement, but, unless a Party breaches this Agreement, this Agreement shall not be filed with the Court.