Claim Reduction definition

Claim Reduction means the entry into an agreement by the Debtor with a landlord negotiated by Hilco for the reduction or waiver of claims under 11 U.S.C. Section 502(b)(6) ("Claim Reduction Agreement") with respect to a Lease, calculated based on the net cash savings to the estate as a result of such Claim Reduction Agreement (a "Claim Reduction"); provided, however, that Hilco shall seek Claim Reductions only for Leases for that the Company has requested that Hilco obtain Claim Reductions;
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Examples of Claim Reduction in a sentence

  • Notice of Claim Reduction of Policy Limits: The Consultant, upon receipt of notice of any claim in connection with this Agreement, shall promptly notify the City, providing full details thereof, including an estimate of the amount of loss or liability.

  • Otherwise, within 15 calendar days Concurrent Care Claim Reduction or Termination.

  • The Member Claim Reduction Amount shall be calculated on a present value basis using the appropriate applicable federal tax rate for the month that the Member Claim was suffered as specified under Section 1274(d) of the Code.

  • The determinations of such firm shall be final and conclusive as to any dispute regarding the Claim Reduction Amount.

  • Notice of Claim Reduction of Policy Limits: Consultant, upon receipt of notice of any claim in connection with the contract, shall promptly notify the City, providing full details thereof, including an estimate of the amount of loss or liability.

  • The Parent Claim Reduction Amount shall be calculated on a present value basis using the appropriate applicable federal tax rate for the month that the Parent Claim was suffered as specified under Section 1274(d) of the Code.

  • The Claim Reduction Amount shall be calculated by the indemnified party on a present value basis using the appropriate applicable federal rate for the month that the claim will be paid as specified under Section 1274(d) of the IRC.