Corporation Claim definition

Corporation Claim means, in the case of any Indemnitee, any Claim brought by or in the right of the Corporation or a Related Enterprise against that Indemnitee.
Sample 1Sample 2Sample 3

Examples of Corporation Claim in a sentence

  • The Corporation shall not be entitled to assume the defense of any Corporation Claim.

  • Notwithstanding any other provision in this Agreement, the liability of the Investors to indemnify the Corporation Group pursuant to Section 8.2 hereof against any Corporation Group Damages sustained by reason of any Corporation Claim shall be limited to Corporation Claims as to which any member of the Corporation Group has given to the Investors written notice thereof within one (1) year following the Initial Closing, whether or not any Corporation Group Damages have then actually been sustained.

  • As soon as practicable after the Effective Date, each holder of an Allowed General Corporation Claim shall receive, until paid in full, with interest, a pro rata distribution of the Unsecured Creditor Allocation.

  • Each Party represents and warrants to the other that it does not currently know of any Corporation Claim involving any willful misconduct and knowing or fraud by the Employee.

  • Notwithstanding the foregoing, the Corporation shall not be liable for any settlement of any Corporation Claim unless the Corporation has consented in writing to such settlement, such consent not to be unreasonably withheld.

  • The holder of an Allowed General CPPI Claim, an Allowed General Corporation Claim or an Allowed General ACBA Claim which timely elects to reduce the amount of its Allowed Claim shall be deemed to be the holder of an Allowed Class 6 Convenience Claim for classification, voting and all other purposes under the Plan.

  • TREATMENT: Foothill Capital Corporation Claim shall be paid in full in cash on or before the Effective Date of the Plan.

  • By making such election, the holder of an Allowed General CPPI Claim, an Allowed General Corporation Claim or an Allowed General ACBA Claim shall thereby be deemed to waive and release Corporation or CPPI or ACBA, as the case may be, and their Estates and their property from any and all liability for such excess amount.

  • By checking the appropriate box on a timely cast Ballot, the holder of an Allowed General Corporation Claim or an Allowed General CPPI Claim or an Allowed General ACBA Claim in an amount greater than $2,500 may elect to reduce the amount of such holder's Allowed General Claim to $2,500 and to receive a distribution thereupon as an Allowed Class 6 Convenience Claim.

Related to Corporation Claim

  • Litigation Claims means the claims, rights of action, suits or proceedings, whether in law or in equity, whether known or unknown, that any Debtor or any Estate may hold against any Person or Entity, including, without limitation, the Causes of Action of the Debtors or their Estates, in each case solely to the extent of the Debtors’ or their Estates’ interest therein. A non-exclusive list of the Litigation Claims held by the Debtors as of the Effective Date will be Filed with the Plan Supplement, which will be deemed to include any derivative actions filed against any Debtor as of the Effective Date.

  • Indemnification Claim has the meaning set forth in Section 10.3.

  • First party claimant means an individual, corporation, association, partnership or other legal entity asserting a right to payment under an insurance policy or insurance contract arising out of the occurrence of the contingency or loss covered by such policy or contract;

  • Liability Claim has the meaning set forth in Section 7.2(a).

  • Rejection Claim means a Claim arising from the rejection of an Executory Contract or Unexpired Lease pursuant to section 365 of the Bankruptcy Code.

  • Clean Claim means a claim that:

  • Indemnification Claim Notice has the meaning set forth in Section 11.3.

  • Third Party Claim has the meaning set forth in Section 8.3.

  • Corporation means a corporation, association, company, joint-stock company or business trust.

  • Secured Claim means a Claim that is secured by a Lien on property in which any of the Debtors’ Estates have an interest or that is subject to setoff under section 553 of the Bankruptcy Code, to the extent of the value of the Claim holder’s interest in such Estate’s interest in such property or to the extent of the amount subject to setoff, as applicable, as determined pursuant to section 506(a) of the Bankruptcy Code or, in the case of setoff, pursuant to section 553 of the Bankruptcy Code.

  • Dissenting Shareholders has the meaning set forth in Section 2.06.

  • Insured Claim means any Claim arising from an incident or occurrence alleged to have occurred prior to the Effective Date that is covered under an insurance policy applicable to the Debtors or their businesses.

  • Indemnity Claim has the meaning set forth in Section 8.3.

  • Corporation Request and "Corporation Order" mean, respectively, the written request or order signed in the name of the Corporation by its Chairman of the Board of Directors, its Vice Chairman of the Board of Directors, its President or a Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary, and delivered to the Trustee.

  • Exculpated Claim means any Claim related to any act or omission in connection with, relating to, or arising out of the Debtors' in or out of court restructuring, the Chapter 11 Cases, formulation, preparation, dissemination, negotiation, or filing of the Disclosure Statement, the Plan, the settlement of Claims or renegotiation of Executory Contracts or Unexpired Leases, the negotiation of the Plan, the DIP Credit Agreement, the Plan Supplement, the Exit Facility Credit Agreement, or any contract, instrument, release, or other agreement or document created or entered into in connection with the Disclosure Statement or Plan, the filing of the Chapter 11 Cases, the pursuit of Confirmation, the pursuit of consummation of the Plan, the administration, consummation, and implementation of the Plan, the distribution of property under the Plan, or any transaction contemplated by the Plan or Disclosure Statement, or in furtherance thereof; provided, however, that Exculpated Claims shall not include any claim arising out of any act or omission that is determined in a Final Order to have constituted gross negligence, willful misconduct, or intentional fraud to the extent imposed by applicable non-bankruptcy law. For the avoidance of doubt, no Cause of Action, obligation or liability expressly set forth in or preserved by the Plan or the Plan Supplement constitutes an Exculpated Claim.

  • Litigation Trust means the trust to be established on the Plan Implementation Date at the time specified in section 6.4(p) in accordance with the Litigation Trust Agreement pursuant to the laws of a jurisdiction that is acceptable to SFC and the Initial Consenting Noteholders, which trust will acquire the Litigation Trust Claims and will be funded with the Litigation Funding Amount in accordance with the Plan and the Litigation Trust Agreement.

  • AWR Claim means any complaint or claim to a tribunal or court made by or on behalf of the Agency Worker against the Hirer and/or the Employment Business for any breach of the AWR;

  • Tax Claim has the meaning set forth in Section 6.05.

  • Unsecured Claim means any Claim that is not a Secured Claim.