Anadarko Litigation definition

Anadarko Litigation means the adversary proceeding pending in the Bankruptcy Court captioned Tronox Incorporated, et al. v. Anadarko Petroleum Corporation, et al., Adversary Proceeding No. 09-01198 (ALG).
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Anadarko Litigation shall have the meaning provided in the Recitals. “Anadarko Litigation Proceeds” shall mean eighty-eight percent (88%) of any and all amounts recovered in or resulting from the Anadarko Litigation, net of any payments to lead counsel for the Anadarko Litigation Trust pursuant to a separate Special Fee Arrangement, which shall be allocated to the Governments and the Environmental Response Trusts pursuant to the Plan of Reorganization and this Settlement Agreement.
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Anadarko Litigation means (i) the litigation known as Tronox Incorporated et al. v.
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Examples of Anadarko Litigation in a sentence

  • Disclosure of any qualifying documents or communications to the Trust, the Trustee, the Trust Advisory Board, any member of the Trust Advisory Board, or any Beneficiary in accordance with the provisions of this Agreement and the Protective Orders shall not be deemed a waiver of any applicable privilege, immunity or protection for purposes of the Anadarko Litigation or any other Federal or State proceeding.

  • After the Effective Date, paragraph 163 of the Environmental Claims Settlement Agreement and Attachment H thereto shall govern retention by Reorganized Tronox of information related to the Anadarko Litigation and the access of the Trustee thereto.

  • In so doing, the Trustee will exercise its reasonable business judgment in prosecuting the Anadarko Litigation.

  • The Debtors have provided their counsel with relevant documents related to the Anadarko Litigation, including more than 5 million pages of documents that have been produced in the Anadarko Litigation.

  • For the purpose of the preceding sentence, “cause” shall mean willful misconduct, fraud, or gross negligence; any negligence, even if not rising to the level of gross negligence, that risks adversely affecting the success of the Anadarko Litigation; any seriously or repeatedly deficient performance of duties under the Litigation Trust Agreement; or any violation of the provisions of this Litigation Trust Agreement.

  • In no event shall the Beneficiaries or Government Environmental Entities have any responsibility for paying any expenses, fees, and other obligations of the Anadarko Litigation Trust, and in no event shall the Trust, the Trustee, or the Trust Advisory Board, or any of their agents, representatives, or professionals, have recourse to the Beneficiaries or the Government Environmental Entities therefor.

  • The Trustee shall prosecute, settle, or otherwise resolve the Anadarko Litigation, subject to the provisions of Section 4(c), timely distribute any Trust Property Then Available For Distribution in accordance with the terms set forth herein, and not unduly prolong the duration of the Litigation Trust.

  • Such report shall not include any estimate of the value of the Anadarko Litigation.

  • The Debtors’ counsel will promptly respond to reasonable requests for documents or information from the Trustee related to the Anadarko Litigation.

  • Notwithstanding anything to the contrary contained in this Litigation Trust Agreement, the Plan, the Confirmation Order or any other order (except a final order by a court of competent jurisdiction expressly requiring the production of such information to such Adverse Persons) or agreement, the Adverse Persons are not entitled to receive, and the Trust shall not provide to the Adverse Persons, any non-public information regarding the Anadarko Litigation or the Trust Property.


More Definitions of Anadarko Litigation

Anadarko Litigation means the adversary proceeding pending in the Bankruptcy Court captioned
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Anadarko Litigation means (i) the litigation known as Tronox Incorporated et al. v. Anadarko Petroleum Corporation et al., Case No. 09-1198 (ALG), and all related claims, actions, appeals, judgments, decisions, orders, awards, decrees or equitable relief of every kind, nature or description or (ii) any other environmental claim or legal action asserted by or against Anadarko Petroleum Corporation, Kerr-McGee Corporation and their respective past or present parents, subsidiaries, affiliates, predecessors, successors, directors, officers or representatives that is related to environmental matters.
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Related to Anadarko Litigation

  • Threatened litigation as used herein shall include governmental investigations and civil investigative demands. “Litigation” as used herein shall include administrative enforcement actions brought by governmental agencies. The Contractor must also disclose any material litigation threatened or pending involving Subcontractors, consultants, and/or lobbyists. For purposes of this section, “material” refers, but is not limited, to any action or pending action that a reasonable person knowledgeable in the applicable industry would consider relevant to the Work under the Contract or any development such a person would want to be aware of in order to stay fully apprised of the total mix of information relevant to the Work, together with any litigation threatened or pending that may result in a substantial change in the Contractor’s financial condition.

  • Litigation means any action, suit or proceeding before any court, mediator, arbitrator or Governmental Authority.

  • Material Litigation is defined in Section 6.7.

  • Knowledge of Buyer Means the actual knowledge of Xxxxxxx Xxxxxx.

  • Lawsuit means any lawsuit, arbitration or other dispute resolution filed by either party herein pertaining to any of this Warrant, the Facility Agreement and the Registration Rights Agreement.