Challenge Rights definition

Challenge Rights means all rights afforded the Creditors Committee to investigate and challenge the amount, validity, extent, enforceability, perfection, or priority of the Series 2008 Bond Claims and Bond Collateral as set forth in the Final Cash Collateral Order.
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Challenge Rights means the Committee’s challenge rights pursuant to and solely to the extent described in the DIP Order.
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Examples of Challenge Rights in a sentence

  • The Challenge Period (defined in the DIP Order) has expired and was resolved pursuant to the Stipulation (I) Resolving Committee’s Challenge Rights Under Final DIP Order; and (II) Releasing Funds Escrowed For the Benefit of the DIP Agent and the Pre-Petition Agent [Docket No. 428] To implement its proposed sale processes and continue to retain and inspire confidence in its business partners, access to liquidity was critical.

  • By the Challenge Litigation, the Creditors Committee asserts certain purported claims and causes of action based upon the Challenge Rights.

  • The First Lien Winddown Order also (a) provides for the extinguishment of the Creditors' Committee's Challenge Rights consistent with the agreements of the parties as further set forth in the DIP Lender Winddown Order; (b) extinguishes any First Lien Superpriority Claims; and (c) establishes certain funding arrangement with respect to the Creditors' Committee's litigation expenses in the Daimler Litigation.

  • By the Challenge Litigation, the Creditors Committee assertscertain purported claims and causes of action based upon the Challenge Rights.

  • These technologies must then be implemented and integrated into real-life parallel simulation codes in order to address critical applications that are at the frontier of our know-how.

  • Subject to the Challenge Rights set forth in Paragraph 19, until the Prepetition Secured Parties are Paid in Full, all liens and security interests of the Prepetition Secured Parties (including, without limitation, the Adequate Protection Liens)shall remain valid and enforceable with the same continuing priority as described herein.

  • In order to ensure the Final Order does not prejudice the Committee’s rights with respect to the Sprint Settlement proceeds, the Final Order should expressly provide that the Committee’s challenge rights extend to the Secured Parties’ purported interest, if any, in the Sprint Settlement and the Settlement Payment.G. The Interim Order Provides Inadequate Investigation And Challenge Rights 54.

  • In the event of any inconsistency between the Plan, the Plan Supplement and/or any other Plan related document, on one hand, and the Challenge Rights Order, on the other hand, the Challenge Rights Order shall govern in all respects.

  • For purposes of this paragraph 25, a Chapter 7 trustee, as well as the Committee, shall be deemed a party-in-interest with requisite standing to assert the Challenge Rights in the manner set forth herein provided that the Objection Period has not expired, in which case such Challenge Rights shall terminate.

Related to Challenge Rights

  • Exchange Rights shall have the meaning set forth in Paragraph 2 hereof.

  • Licensed IP Rights means, collectively, the Licensed Patent Rights and the Licensed Know-How Rights.

  • Company IP Rights means all Intellectual Property owned, licensed, or controlled by the Company or its Subsidiaries that is necessary for or used in the operation of the business of the Company and its Subsidiaries as presently conducted.

  • IP Rights has the meaning specified in Section 5.17.

  • Sui Generis Database Rights means rights other than copyright resulting from Directive 96/9/EC of the European Parliament and of the Council of 11 March 1996 on the legal protection of databases, as amended and/or succeeded, as well as other essentially equivalent rights anywhere in the world.

  • Challenge means to appeal a ruling of the Chair.

  • Exchange Right has the meaning set forth in Section 2.1 hereof.

  • Intellectual Property Rights or IPR means copyright, rights related to or affording protection similar to copyright, rights in databases, patents and rights in inventions, semi-conductor topography rights, trade marks, rights in internet domain names and website addresses and other rights in trade or business names, designs, Know-How, trade secrets and other rights in Confidential Information; applications for registration, and the right to apply for registration, for any of the rights listed at (a) that are capable of being registered in any country or jurisdiction; and all other rights having equivalent or similar effect in any country or jurisdiction;

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

  • Use Rights means the license terms and terms of service for each Product published on the Licensing Site and updated from time to time. The Use Rights supersede the terms of any end user license agreement that accompanies a Product. License terms for all Products are published in the Product Terms. Terms of service for Online Services are published in the Online Services Terms.

  • Trade Secret Rights means the rights of an Assignor in any Trade Secret it holds.

  • Dissent Rights means the rights of dissent in respect of the Arrangement described in the Plan of Arrangement;

  • Infringement Claim has the meaning set forth in Section 8.2(a).

  • Default Rights has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

  • Company-Owned IP Rights means Company IP Rights that are owned by the Company or any of its Subsidiaries.

  • infringement notice has the meaning set forth in Section 7.4.1;

  • Technology Rights means BOARD's rights in any technical information, know-how, processes, procedures, compositions, devices, methods, formulae, protocols, techniques, software, designs, drawings or data created by the inventor(s) listed in Exhibit I at UTMDACC before the EFFECTIVE DATE, which are not claimed in PATENT RIGHTS but that are necessary for practicing PATENT RIGHTS.

  • Foreground Intellectual Property means all Intellectual Property developed by either Party pursuant to this Agreement;

  • Assigned Patent Rights means all of the following, whether now owned or hereafter acquired or arising:

  • Transferred Intellectual Property Rights means (a) the Transferred Patents, (b) the Transferred Copyrights, (c) the Transferred Internet Properties, (d) the Transferred Industrial Designs, (e) The Transferred Database Rights,(f) the Transferred Mask Work Rights, (g) the Transferred Trade Secrets, and (h) the Transferred Trademarks.

  • Licensed Patent Rights means: (a) Patent applications (including provisional patent applications and PCT patent applications) or patents listed in Appendix A, all divisions and continuations of these applications, all patents issuing from these applications, divisions, and continuations, and any reissues, reexaminations, and extensions of these patents; (b) to the extent that the following contain one or more claims directed to the invention or inventions disclosed in 2.9(a): (i) continuations-in-part of 2.9(a); (ii) all divisions and continuations of these continuations-in-part; (iii) all patents issuing from these continuations-in-part, divisions, and continuations; (iv) priority patent application(s) of 2.9(a); and (v) any reissues, reexaminations, and extensions of these patents; (c) to the extent that the following contain one or more claims directed to the invention or inventions disclosed in 2.9(a): all counterpart foreign and U.S. patent applications and patents to 2.9(a) and 2.9(b), including those listed in Appendix A; and (d) Licensed Patent Rights shall not include 2.9(b) or 2.9(c) to the extent that they contain one or more claims directed to new matter which is not the subject matter disclosed in 2.9(a).

  • Rights means, with respect to any Person, warrants, options, rights, convertible securities and other arrangements or commitments which obligate the Person to issue or dispose of any of its capital stock or other ownership interests.

  • Equity Rights means, with respect to any Person, any subscriptions, options, warrants, commitments, preemptive rights or agreements of any kind (including any shareholders’ or voting trust agreements) for the issuance, sale, registration or voting of, or securities convertible into, any additional shares of capital stock of any class, or partnership or other ownership interests of any type in, such Person.

  • Patent Rights means all patents and patent applications, including all divisionals, continuations, substitutions, continuations-in-part, re-examinations, reissues, additions, renewals, extensions, registrations, and supplemental protection certificates and the like of any of the foregoing.

  • Intellectual Property Rights (IPR) (11/18) means any patent rights, copyrights, trade secrets, trade names, service marks, trademarks, trade dress, moral rights, know-how and any other similar rights or intangible assets to which rights of ownership accrue, and all registrations, applications, disclosures, renewals, extensions, continuations, or reissues of the foregoing now or hereafter in force. “Key Personnel” (11/18) means the specific individuals identified in Section 3.11 to fill Key Positions.

  • Program Patent Rights means any Patent Rights that contain one or more claims that cover Program Inventions.