Termination if Large Number of Opt–Outs Sample Clauses
The 'Termination if Large Number of Opt–Outs' clause allows a party to terminate an agreement if a significant portion of participants or members choose to opt out of the arrangement. Typically, this clause sets a specific threshold—such as a percentage or number of opt-outs—at which the agreement can be ended by one or both parties. For example, in a class action settlement, if too many class members opt out, the defendant may have the right to withdraw from the settlement. This clause serves to protect parties from being bound to an agreement that loses its intended scope or value due to widespread non-participation.
Termination if Large Number of Opt–Outs. If, at the conclusion of the Opt-Out Deadline, more than 7,500 persons have opted-out of the Settlement, the Defendants shall have, in their sole and absolute discretion, the option to terminate this Agreement within ten (10) calendar days after the Opt-Out Deadline.
Termination if Large Number of Opt–Outs. If, at the conclusion of the Opt-Out Deadline, more than 1,200 Settlement Class Members have opted out of the Settlement, the Defendant shall have, in its sole and absolute discretion, the option to terminate this Agreement within ten (10) business days after the Opt-Out Deadline.
Termination if Large Number of Opt–Outs. If more than 100 of the Settlement Class Members have timely and properly opted-out of the Settlement pursuant to Section X, Defendants shall have, in their sole and absolute discretion, the option to terminate this Settlement Agreement by delivering written notice of such termination to Class Counsel within ten days after the Opt-Out Deadline.
Termination if Large Number of Opt–Outs. If, as of the Opt-Out Deadline, more than 1,000 Settlement Class Members have opted-out of the Settlement pursuant to Section 10, U.S. Bank shall have, in its sole and absolute discretion, the option to terminate this Agreement within ten (10) calendar days after the Opt-Out Deadline.
Termination if Large Number of Opt–Outs. If, at the conclusion of Opt-Out Deadline, more than 500 Class Members have opted-out of the Settlement, SmartPay shall have, in its sole and absolute discretion, the option to terminate this Agreement within ten (10) calendar days after the Opt-Out Deadline.
Termination if Large Number of Opt–Outs. If, at the conclusion of Opt-Out Deadline, more than 250 Persons have submitted valid requests for exclusion from the Settlement, ERC shall have, in its sole and absolute discretion, the option to terminate this Agreement within ten (10) calendar days after the Opt-Out Deadline.
Termination if Large Number of Opt–Outs. If, at the conclusion of the Opt-Out Deadline, more than 1,000 persons in the Settlement Class have opted out of the settlement, loanDepot shall have, in its sole and absolute discretion, the option to terminate this Agreement within ten (10) calendar days after the Opt-Out Deadline.
Termination if Large Number of Opt–Outs. If, as of the Opt-Out Deadline, more U.S. Bank shall have, in its sole and absolute discretion, the option to terminate this Agreement within ten (10) calendar days after the Opt-Out Deadline.
Termination if Large Number of Opt–Outs. If, at the conclusion of Opt-Out Deadline, more than 500 Class Members have opted-out of the Settlement, Citizens shall have, in their sole and absolute discretion, the option to terminate this Agreement within ten (10) calendar days after the Opt-Out Deadline.
Termination if Large Number of Opt–Outs. If, at the conclusion of Opt-Out Deadline, more than 100 Settlement Class Members have indicated an intent to opt-out of the Settlement (whether or not the communication is in compliance with Section 12.01 or not), I.C. System shall have, in its sole and absolute discretion, the option to terminate this Agreement within ten (10) calendar days after the Opt-Out Deadline.