Claims Handling Fee definition
Examples of Claims Handling Fee in a sentence
Congoleum shall be reimbursed by the Collateral Trust for all or part of the Claims Handling Fee paid by Congoleum.
As provided in the TDP, notwithstanding any other provision contained in the TDP, the holder of the Claim for the Claims Handling Fee will be paid as provided in the Plan Trust Agreement; and distributions to Plan Trust Asbestos Claims will not be prior to payment of or reserve for Plan Trust Expenses in accordance with the terms of the Plan Trust Agreement.
A claims-handling entity ("Claims Reviewer") as designated by Congoleum with the consent of Claimants' Counsel (as defined in the Claimant Agreement) shall be paid its fees and costs as agreed (the "Claims Handling Fee").
Following the payment in full of the Claims Handling Fee, the Collateral Trustee shall pay subsequent distributions up to $200 million in total distributions to Participating Asbestos Claimants on a pro-rata basis in accordance with Section II.C in an amount not to exceed each Participating Asbestos Claimants' Secured Claim.
All of Secured Asbestos Claims of Qualified Claimants, the Claims Handling Fee and Payment Percentage Claims (as defined in the TDP) shall be paid by the Plan Trust pursuant to the terms of the TDP.
Notwithstanding any other provision contained in the TDP, the holder of the Claim for the Claims Handling Fee shall be paid as provided in the Plan Trust Agreement.
The Insurance Contributors and/or Reorganized Debtors, as the case may be, hereby waive their rights to any proceeds of all such settlements, and all proceeds of each such settlement (other than as reimbursement in accordance with the Collateral Trust Agreement and the Plan Documents of Coverage Costs and/or the Claims Handling Fee) shall be held for the benefit of Asbestos Claimants in accordance with the Plan Documents.
Following the payment in full of the Qualified First Priority Claimants, the Collateral Trustee shall pay to the Claims Reviewer and/or reimburse Congoleum for the Claims Handling Fee that has been paid by Congoleum to the Claims Reviewer.
Following the payment in full of the Qualified First Priority Claimants, the Collateral Trustee shall pay to the Claims Reviewer and/ or reimburse Congoleum for the Claims Handling Fee that has been paid by Congoleum to the Claims Reviewer.
As provided in the TDP, notwithstanding any other provision contained in the TDP, the holder of the Claim for the Claims Handling Fee will be paid as provided in the Plan Trust Agreement; and distributions to Plan Trust PI Asbestos Claims will not be prior to payment of or reserve for Plan Trust Expenses nor prior to payment of or reserve for Coverage Costs in accordance with the terms of the Plan Trust Agreement.