Claims Resolution Procedures definition

Claims Resolution Procedures or “CRP” shall mean the procedures, substantially in the form attached as Exhibit B in the Exhibit Book, to be implemented by the Trustee pursuant to the terms and conditions of the Plan and the Asbestos Trust Agreement, to liquidate, determine, and pay (if entitled to payment) Asbestos Claims as and to the extent set forth in such procedures.

Claims Resolution Procedures or “CRP” means the procedures, in the form attached to the Settlement Facility Agreement, to be implemented by the Settlement Facility pursuant to the terms and conditions of the Plan and the Settlement Facility Agreement, to process, review, and pay (if Allowed) Settlement Option Claims.

Claims Resolution Procedures or “CRP” means the Claims Resolution Procedures attached hereto as Annex A. The CRP are expressly incorporated herein by reference and are a part of this Settlement Facility Agreement.

Examples of Claims Resolution Procedures in a sentence

• Prior to initiating any Claims Resolution Procedures, Trade Subcontractor must have met all other Contract requirements for change order requests, notifications, Notice of Potential Claims (NOPCs) and any other items required within Contract Documents.

• Among other things, if the Bankruptcy Court confirms the Plan, Asbestos Claims in Class 5 will be channeled by the Asbestos Channeling Injunction to the Asbestos Trust for resolution and, if eligible, payment, in accordance with the Claims Resolution Procedures.

• When Receivership Assets are distributed to the Partnership’s investors, they shall be distributed according to the Forte Hybrid methodology as defined in the Receiver’s Motion for an Order to Show Cause and an Order Approving Claims Bar Date, Claims Resolution Procedures, and Distribution Methodology and supporting memorandum of law (“Receiver’s Motion”).

• The provisions of this Article describe the settlement options for resolving Claims subject to the terms and conditions of this Agreement and the Claims Resolution Procedures.

• A substantially final copy of the Claims Resolution Procedures will be publicly available on May 1, 2020 at https://restructuring.primeclerk.com/pge/Home-DocketInfo.

• In accordance with the Claims Resolution Procedures, the Claims Office shall distribute to Personal Injury Claimants Claim Forms by which Claimants can elect one or more settlement options.

• The procedures for electing to settle or litigate are specified in the Claims Resolution Procedures.

• The eligibility criteria and documentation required to qualify for each of these compensation options are specified in the Claims Resolution Procedures.

• The Appeals Judge shall perform the functions as a member of the Finance Committee as specified herein and as the Appeals Judge as specified in the Claims Resolution Procedures.

• If the Claim qualifies for payment under the selected settlement option, the Claims Office shall provide to the Claimant a Notification of Status letter specifying the settlement amount for which the Claimant qualifies, as more specifically described in the Claims Resolution Procedures.

More Definitions of Claims Resolution Procedures

Claims Resolution Procedures means, collectively, the Other Wildfire Claims Resolution Procedures and the Subrogation Wildfire Claims Resolution Procedures.

Claims Resolution Procedures means the process by which a Holder of Claims may Dispute the decision of the claims processor as to the Allowed amount of a Claim or whether a Claim is Allowed. Any such dispute shall be submitted for final and binding arbitration before (ret.) Judge George Finkle of Judicial Dispute Resolution in Seattle, Washington. The type and manner of the arbitration (in-person, by phone or video conference, or on the papers), shall be determined by the arbitrator in his sole discretion. Expenses of the arbitrator shall be paid from the Liquidating Trust. The arbitration provisions shall not apply to the States’ Class 5 Claims which shall be subject to review by the Bankruptcy Court.

Claims Resolution Procedures means the procedures established in accordance with the Plan and the Confirmation Order, substantially in the form annexed to the TCE Trust as Exhibit B thereto, as may be modified from time to time.

Claims Resolution Procedures means the procedures, to be implemented by the Asbestos Trust pursuant to the terms and conditions of the Plan, the Asbestos Trust Agreement and the Confirmation Order, governing the resolution of Asbestos Claims, substantially in the form of Exhibit 1.1.26.