Allowed Tort Claim definition

Allowed Tort Claim means, collectively, Allowed Asbestos Claims, Allowed Future Tort Claims, Allowed Indirect Environmental Claims, Allowed Non-Asbestos Toxic Exposure Claims, Allowed Property Damage Claims, and any Allowed Unaccounted-for Tort Claim.

Allowed Tort Claim means a Tort Claim for which, after considering and weighing the Exposure Evidence submitted by the claimant and any evidence submitted by the Reorganized Debtor regarding a Tort Claim, the Claims Reviewers determine there is Credible and Competent Evidence that the sexual abuse alleged in the Tort Claim more likely than not occurred and for which the Reorganized Debtor is legally liable.

Allowed Tort Claim means the amount of the Tort Claim of a Victim/Survivor that has been awarded to the Victim/Survivor by the Claim Protocol or by agreement between the Plan Proponents and the Victim/Survivor.

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.