Common use of Class 16 Claims Based on Pre-Effective Date Settlements Clause in Contracts

Class 16 Claims Based on Pre-Effective Date Settlements. All amounts paid or to be paid by Dow Chemical to the eight named Xxxxxxxxxx Claimants pursuant to the letter agreement between counsel for such parties dated April 12, 1999, shall constitute Allowed Class 16 Claims, and Dow Chemical shall be reimbursed such amounts in full, together with interest (calculated in the same manner as for Class 4 Claims), by the Claims Administrator from funds maintained by the Settlement Facility. Reimbursement shall be made on the same basis and with the same priority as "Second Priority Payments" under the Settlement Facility Agreement. The Xxxxxx Claims have been settled prior to the Effective Date, and all amounts paid by Dow Chemical to the Xxxxxx Claimants to settle such Claims shall constitute Allowed Class 16 Claims and shall be reimbursed as provided in section 6.16.5 of the Plan.

Class 16 Claims Based on Pre-Effective Date Settlements. All amounts paid or to be paid by Dow Chemical to the eight named Xxxxxxxxxx Spitzfaden Claimants pursuant to the letter agreement between counsel for such parties dated April 12, 1999, shall constitute Allowed Class 16 Claims, and Dow Chemical shall be reimbursed such amounts in full, together with interest (calculated in the same manner as for Class 4 Claims), by the Claims Administrator from funds maintained by the Settlement Facility. Reimbursement shall be made on the same basis and with the same priority as "Second Priority Payments" under the Settlement Facility Agreement. The Xxxxxx Mahlum Claims have been settled prior to the Effective Date, and all amounts paid by Dow Chemical to the Xxxxxx Mahlum Claimants to settle such Claims shall constitute Allowed Class 16 Claims and shall be reimbursed as provided in section 6.16.5 of the Plan.

Class 16 Claims Based on Pre-Effective Date Settlements. All amounts paid or to be paid by Dow Chemical to the eight named Xxxxxxxxxx Claimants pursuant to the letter agreement between counsel for such parties dated April 12, 1999, shall constitute Allowed Class 16 Claims, and Dow Chemical shall be reimbursed such amounts in full, together with interest (calculated in the same manner as for Class 4 Claims), by the Claims Administrator from funds maintained by the Settlement Facility. Reimbursement shall be made on the same basis and with the same priority as "Second Priority “Premium Payments" ” under the Settlement Facility Agreement. The In the event the Xxxxxx Claims have been are settled prior to the Effective Date, and all amounts paid by Dow Chemical to the Xxxxxx Claimants to settle such Claims shall constitute Allowed Class 16 Claims and shall be reimbursed as provided in section 6.16.5 of the Plan.