Common use of STIPULATION TO DISMISS Clause in Contracts

STIPULATION TO DISMISS. IT IS HEREBY STIPULATED AND AGREED by and between the parties hereto, by their respective attorneys of record, that this matter has been settled by the parties, the Court having approved the settlement pursuant to Rule 23(e) of the Federal Rules of Civil Procedure, and, therefore, all claims related to this cause should be dismissed without prejudice and with leave to reinstate solely in the event that the Chicago City Council rejects the Stipulation and Class Action Settlement Agreement (“Settlement Agreement”) executed by the parties or any party exercises their right to terminate the Settlement Agreement in accordance with Article XII of the Settlement Agreement. This Action shall become a dismissal with prejudice upon (a) the later date of: (i) entry of the Stipulation in the Consent Decree Suit, as set forth in the Settlement Agreement, and