Aurora Litigation definition

Aurora Litigation means Allonhill, LLC v. Aurora Bank, FSB (Case No. 12CV6381) in the District Court for the City and County of Denver, Colorado, and any related proceedings in appellate courts of the State of Colorado or the United States.
Aurora Litigation means Allonhill, LLC v. Aurora Bank, FSB (Case No. 12CV6381) in the District Court for the City and County of Denver, Colorado.

Examples of Aurora Litigation in a sentence

  • In August 2013, when the Allonhill sale to SLS closed, the Aurora Litigation was in the discovery phase.

  • In addition to the clear benefit of overturning the Aurora Judgment, the Debtor’s liability insurance carrier, XL, has asserted its rights under the terms of its policy with the Debtor to recover $3.13 million for fees and expenses advanced in connection with the Aurora Litigation.

  • XL has also filed a proof of claim, alleging a right to recover costs and expenses advanced in connection with the Aurora Litigation and the appeal of the Aurora Judgment.

  • The Debtor’s scheduled, unsecured non-priority obligations total approximately$34,553,051,16, consisting of the judgment of $25,845,329 and pre-judgment interest awarded to Aurora, $3,130,469.97 claimed by XL Insurance Company (“XL”) for reimbursement of fees and expenses advanced in connection with the Aurora Litigation (as described in Article 11.B. hereof), and an additional amounts claimed by various trade creditors and governmental creditors.

  • As described in Article IV, section B, paragraph 3 above, the Plan also preserves and automatically revests in the Reorganized Debtor all Causes of Action including, without limitation, all Litigation Rights, Avoidance Actions, the Aurora Litigation and the SLS Claims.

  • The Court finds that the cost of achieving the June 2018 Settlement, namely the $4.98 million in legal fees, must not be included in the value of the Aurora Litigation liability.

  • The Debtor’s liabilities consist of its obligations related to property leases, professional fees, trade debt, insurance, office equipment and software leases and, most significantly, a substantial litigation award in favourfavor of Aurora Commercial Corporation, f/k/a Aurora Bank FSB (“Aurora”) in the amount of $25,845,329.00, plus prejudgment interest, and a claim by XL Insurance Company for reimbursement of fees and expenses advanced by XL in connection with the Aurora Litigation.

  • The Aurora Litigation raises many of the same issues involved in this case.

  • Allonhill, on the other hand, argues that the value of Aurora Litigation liability is the same as the amount of the Aurora Judgment, which is approximately $26 million.

  • Aurora Litigation In the fall of 2010, in response to various complaints, federal banking agencies conducted an examination of the fourteen largest mortgage loan servicers in the country, which included Aurora.

Related to Aurora Litigation

  • Transaction Litigation has the meaning set forth in Section 5.2(d).

  • 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.

  • Pending Litigation means a proceeding in a court of law whose activity is in progress but not yet completed.

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

  • Material Litigation is defined in Section 6.7.

  • 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.

  • Complaint Investigation means an investigation of any complaint that has been made to a proper authority that is not covered by an abuse investigation.

  • Disclosed Litigation has the meaning specified in Section 3.01(b).

  • Litigation Claims means the claims, rights of action, suits or proceedings, whether in law or in equity, whether known or unknown, that any Debtor or any Estate may hold against any Person or Entity, including, without limitation, the Causes of Action of the Debtors or their Estates, in each case solely to the extent of the Debtors’ or their Estates’ interest therein. A non-exclusive list of the Litigation Claims held by the Debtors as of the Effective Date will be Filed with the Plan Supplement, which will be deemed to include any derivative actions filed against any Debtor as of the Effective Date.

  • Plaintiffs’ Releasees means Plaintiffs, and any and all of their related parties, including, without limitation, any and all members of their immediate families, agents or other persons acting on their behalf, attorneys, advisors, financial advisors, accountants, assigns, creditors, heirs, estates and legal representatives.

  • Litigation Trust means the trust to be established on the Plan Implementation Date at the time specified in section 6.4(p) in accordance with the Litigation Trust Agreement pursuant to the laws of a jurisdiction that is acceptable to SFC and the Initial Consenting Noteholders, which trust will acquire the Litigation Trust Claims and will be funded with the Litigation Funding Amount in accordance with the Plan and the Litigation Trust Agreement.

  • dispute resolution proceeding ’ means any process in which an alternative means of dispute resolution is used to resolve an issue in controversy in which a neutral is appointed and specified parties participate;

  • Tax Contest means an audit, review, examination, or any other administrative or judicial proceeding with the purpose or effect of redetermining Taxes (including any administrative or judicial review of any claim for refund).

  • Legal Action means and includes any claim, counterclaim, demand, action, suit, counterclaim, arbitration, inquiry, proceeding or investigation before any

  • Plaintiffs’ Counsel means Lead Counsel and all other legal counsel who, at the direction and under the supervision of Lead Counsel, performed services on behalf of the Settlement Class in the Action.

  • Defendants’ Releasees means Defendants and their current and former parents, affiliates, subsidiaries, officers, directors, agents, successors, predecessors, assigns, assignees, partnerships, partners, trustees, trusts, employees, Immediate Family Members, insurers, reinsurers, and attorneys.

  • Civil action means all suits or claims of a civil nature in a state or federal court, whether cognizable as cases at law or in equity or admiralty. "Civil action" does not include any of the following:

  • Third Party Infringement Claim has the meaning set forth in Section 6.4.

  • Mediation means any process in which a mediator facilitates communication and negotiation between the parties to assist them in reaching a voluntary agreement regarding their dispute.

  • Unresolved Claim means a Claim, which at the relevant time, in whole or in part: (a) has not been Finally Determined to be a Proven Claim in accordance with the Amended Claims Procedure Order and this Plan; (b) is validly disputed in accordance with the Amended Claims Procedure Order; and/or (c) remains subject to review and for which a Notice of Allowance or Notice of Revision or Disallowance (each as defined in the Amended Claims Procedure Order) has not been issued to the Creditor in accordance with the Amended Claims Procedure Order as at the date of this Plan, in each of the foregoing clauses, including both as to proof and/or quantum;

  • Infringement Claim means a third party claim alleging that the Equipment manufactured by Motorola or the Motorola Software directly infringes a United States patent or copyright.

  • Infringement Action has the meaning set forth in Section 9.6(b).

  • Hearing aid means an instrument or device designed for regular and constant use in or proximate to the human ear and represented as aiding or improving defective human hearing.

  • Hearing means an oral hearing and includes a hearing conducted in whole or in part by video link, telephone or other means of instantaneous two-way electronic communication;

  • Unresolved Claims shall have the meaning set forth in Section 9.6(b).

  • Informal proceedings means proceedings for probate of a will or appointment of a personal representative conducted by the probate register without notice to interested persons.