Examples of Allowed Tort Claim in a sentence
A premise of the Plan Trust is to fairly and equitably compensate each holder of an Allowed Tort Claim.
Based on the Exposure Evidence and Abuse Criteria presented by a Tort Claimant, along with any evidence concerning the claim submitted by the Reorganized Debtor, in consultation with any Involved Insurer, the Claims Reviewers will place an Allowed Tort Claim in the most serious applicable Abuse Category Level warranted by the Exposure Evidence and Abuse Criteria.
If the Reorganized Debtor, in consultation with any Involved Insurer, does not object to the allowance of such Tort Claim, then the Claims Reviewers shall determine the amount of compensation which should be allocated to the Tort Claimant for the Allowed Tort Claim in accordance with the Abuse Criteria and based on the Compensable Abuse Matrix in Section 3.1(d).
A holder of an Allowed Tort Claim who accepts and receives payment for a Tort Claim shall execute and deliver to the Plan Trustees a written release in a form satisfactory to the Plan Trustees.
The Expedited Review Process for Tort Claims will provide the Tort Claimant with a procedure for allowance and evaluation of his or her Tort Claim and is intended to result in payments equal to the Liquidated Value for each Allowed Tort Claim as set forth herein.