Common use of Claims Resolved by Litigation Facility Clause in Contracts

Claims Resolved by Litigation Facility. The Litigation Facility Manager shall on a monthly basis notify the Finance Committee of the Allowed amount of Claims resolved by the Litigation Facility. The Finance Committee shall direct the paying agent to distribute payments for Allowed Claims resolved by the Litigation Facility, subject to the provisions of Section 7.01(b)(iii), and shall establish procedures to assure verification of and appropriate accounting for such payments.

Appears in 5 contracts

Samples: Settlement Facility and Fund Distribution Agreement, Settlement Facility and Fund Distribution Agreement, Settlement Facility and Fund Distribution Agreement

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