Contingent Claims definition

Contingent Claims means, as the context may require, a Claim that may or may not become due and payable during the Proceedings depending on the occurrence of a future event or determination of the claim;

Contingent Claims means those claims or liabilities that the BRP has received or become aware but which have not been determined or admitted by the BRP as a Claim;

Contingent Claims or "Unliquidated Claims" means the Claims (i) listed as contingent or unliquidated, respectively, in the Schedules, as such may be amended, supplemented or otherwise modified from time to time in a filing with the Bankruptcy Court in accordance with applicable Bankruptcy Rules or (ii) otherwise filed as contingent or unliquidated, respectively, in a proof of claim timely filed with the clerk of the Bankruptcy Court.

Examples of Contingent Claims in a sentence

• Unless otherwise specifically provided in the Plan or allowed by a Final Order, no interest shall be paid on Contingent Claims, Disputed Claims, or Unliquidated Claims that later become Allowed Claims.

• The Company and Parent shall establish a Contingent Claims Committee, comprising one representative designated from time to time by each of Parent and the Company, which Committee shall establish procedures to resolve disagreements among the parties as to contingent gains and contingent liabilities.

• The Liquidation Trust shall undertake in its reasonable discretion to make in accordance with the Plan all calculations of Available Cash, and of other amounts for or relating to Distributions for Holders of Allowed Claims to be made from the Liquidation Trust or for reserves for Holders of Contingent Claims, Disputed Claims, and Unliquidated Claims to be established by the Liquidation Trust, and may establish and hold back from Distributions reasonable reserves for other contingencies.

• A party asserting a claim, counterclaim, crossclaim, or third-party claim may join, as independent or alternative claims, as many claims as it has against an opposing party.(b) Joinder of Contingent Claims.

• The Debtors may, in their sole and absolute discretion, determine, resolve and otherwise adjudicate Contingent Claims, Unliquidated Claims and Disputed Claims in the Bankruptcy Court or such other court of the Debtors’ choice having jurisdiction over the validity, nature or amount thereof.

More Definitions of Contingent Claims

Contingent Claims means a Claim which is either contingent or unliquidated on or immediately before the Confirmation Date.

Contingent Claims means a claim or demand upon which:

Contingent Claims means any potential Claim that a company may have against any person prior to the Effective Date which may not be disclosed or reflected as part of its Assets (except for, with respect to the Demerged Undertaking) on its books or records;

Contingent Claims means any potential Claim that a company may have against any person prior to the Effective Date which may not be disclosed or reflected as part of its Assets on its books or records;

Contingent Claims means any taxes, claims and expenses (including the costs and expenses of any third party advisors appointed in relation to the Contingent Claims, if required by the judgment in good faith of the general partner or trustee of the funds (in which TIH has a Participation Interest) that have invested in the businesses giving rise to the Contingent Claims, with the consent of TIH, such consent not to be unreasonably withheld) which may be incurred by TIH in relation to certain investments made by TIH, provisions ("Provisions for Contingent Claims") for which have been made by TIH as follows:

Contingent Claims means any taxes, claims and expenses which may be incurred by TIH in relation to certain investments made by TIH, provisions for which have been made by TIH as follows:

Contingent Claims means the contingent financial indebtedness arising in respect of: - certain financial undertakings of the Group in connection with project financing (such as, for example, limited recourse corporate guarantees and equity commitments enforceable by the Creditors); - certain guarantees, bonding and other similar indemnification or keep-whole undertakings provided in connection with financial indebtedness given in connection with the non-restricted Group members; - certain contingent financial obligations arising under non-recourse instruments (such as, for example, a limited recourse that may arise in certain exceptional circumstances under non-recourse factoring); - non-Crystallised Interest Rate Swap Contracts; - non-Crystallised FX Forward Contracts. - any shortfall resulting from the crystallisation of contingent financial indebtedness which is not treated as Recourse Debt.