Effective Time of Settlement

Effective Time of Settlement. Means 9 a.m. central time on the later of (a) the day following the date on which the Final Order and Judgment is no longer subject to review by appeal, or (b) the day following the date on which any appeal from the Final Order and Judgment is finally resolved, either because a petition for certiorari is denied or by reason of affirmance by a court of last resort or by lapse of time following affirmance or dismissal of the appeal by an intermediate appellate court or otherwise, provided that... the Final Order and Judgment is not reversed or materially modified by the Court or any reviewing court. View More