Cudd Litigation definition

Cudd Litigation means ongoing litigation in United States District Court for the Southern District of Texas, Houston Division between SRY and Cudd, captioned as Southton Rail Yard, LLC v. Cudd Pumping Services, Inc., Civil Action No. 18:1632.
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Examples of Cudd Litigation in a sentence

  • Upon the later of 180 days after the Effective Date and 60 days after the Reorganized Debtors receive Cudd Litigation Proceeds, the Disbursing Agent shall distribute to each holder of an Allowed Class 6 General Unsecured Claim its Pro Rata share of the GUC Allocation of Cudd Proceeds less any Class 6 Disputed Claims Reserve and any other reserves provided for in the Plan.

  • While the Debtors assert that the merits of their case in the Cudd Litigation are strong, Cudd vehemently denies any liability.

  • All distributions of the New Membership Interests, Cash, and Cudd Litigation Proceeds, as applicable, to holders of Allowed Claims under the Plan shall be made by the Disbursing Agent on behalf of the Reorganized Debtors.

  • The Plan will be funded by the following sources of consideration: (a) Cash on hand, including proceeds of the DIP Facility; (b) the New Membership Interests; (c) the Cudd Litigation Proceeds; and(d) the proceeds from the Exit Facility, as applicable.

  • As described above, the aggregate GUC Recovery (taking into account all Sub-Classes of Class 6) is made up of $1,000,000 (i.e., the MinimumGUC Recovery) or 50% of the net proceeds of the Cudd Litigation (which litigation is discussed in greater detail in Article VII.H of this Disclosure Statement), whichever is greater.

  • As described above, the aggregate GUC Recovery (taking into account all Sub-Classes of Class 6) is made up of $1,000,000 (i.e., the Minimum GUC Recovery) or 50% of the net proceeds of the Cudd Litigation (which litigation is discussed in greater detail in ArticleVII.H of this Disclosure Statement), whichever is greater.

  • The Reorganized Debtors May Not Be Able to Prevail or Recover Proceeds from the Cudd Litigation While the Debtors assert that the merits of their case in the Cudd Litigation are strong, Cudd vehemently denies any liability.

  • Upon the later of 180 days after the Effective Date and 60 days after the Reorganized Debtors receive Cudd Litigation Net Proceeds, the Disbursing Agent shall distribute to each holder of an Allowed Class 6 General Unsecured Claim its Pro Rata share of the GUC Allocation of Cudd Proceeds less any Class 6 Disputed Claims Reserve and any other reserves provided for in the Plan.

Related to Cudd Litigation

  • Pending Litigation means a proceeding in a court of law whose activity is in progress but not yet completed.

  • Threatened litigation as used herein shall include governmental investigations and civil investigative demands. “Litigation” as used herein shall include administrative enforcement actions brought by governmental agencies. The Contractor must also disclose any material litigation threatened or pending involving Subcontractors, consultants, and/or lobbyists. For purposes of this section, “material” refers, but is not limited, to any action or pending action that a reasonable person knowledgeable in the applicable industry would consider relevant to the Work under the Contract or any development such a person would want to be aware of in order to stay fully apprised of the total mix of information relevant to the Work, together with any litigation threatened or pending that may result in a substantial change in the Contractor’s financial condition.

  • Transaction Litigation has the meaning set forth in Section 5.2(d).

  • Disclosed Litigation has the meaning specified in Section 3.01(b).

  • Litigation means any action, suit or proceeding before any court, mediator, arbitrator or Governmental Authority.

  • Material Litigation is defined in Section 6.7.

  • Lawsuit means any lawsuit, arbitration or other dispute resolution filed by either party herein pertaining to any of this Warrant, the Facility Agreement and the Registration Rights Agreement.

  • 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.

  • Legal Action means and includes any claim, counterclaim, demand, action, suit, counterclaim, arbitration, inquiry, proceeding or investigation before any

  • Civil action means all suits or claims of a civil nature in a state or federal court, whether cognizable as cases at law or in equity or admiralty. "Civil action" does not include any of the following:

  • dispute resolution proceeding ’ means any process in which an alternative means of dispute resolution is used to resolve an issue in controversy in which a neutral is appointed and specified parties participate;

  • Complaint Investigation means an investigation of any complaint that has been made to a proper authority that is not covered by an abuse investigation.

  • Plaintiffs’ Releasees means Plaintiffs, and any and all of their related parties, including, without limitation, any and all members of their immediate families, agents or other persons acting on their behalf, attorneys, advisors, financial advisors, accountants, assigns, creditors, heirs, estates and legal representatives.

  • Informal proceedings means proceedings for probate of a will or appointment of a personal representative conducted by the probate register without notice to interested persons.

  • Defendants’ Releasees means Defendants and their current and former parents, affiliates, subsidiaries, officers, directors, agents, successors, predecessors, assigns, assignees, partnerships, partners, trustees, trusts, employees, Immediate Family Members, insurers, reinsurers, and attorneys.

  • Unresolved Claims shall have the meaning set forth in Section 9.6(b).

  • Environmental Proceedings means any judicial or administrative proceedings arising from or in any way associated with any Environmental Requirement.

  • CCAA Proceedings means the proceedings commenced by the Applicant under the CCAA as contemplated by the Initial Order;

  • Infringement Action has the meaning set forth in Section 9.6(b).

  • Adverse action means a home or remote state action.

  • Complaints Procedure means the School's procedure for handling complaints from parents, as amended from time to time for legal or other substantive reasons, or in order to assist the proper administration of the School. It does not form part of the contract between you and the School. A copy of the most up-to-date procedure is on the School's website and is otherwise available from the School at any time upon request;

  • Defendants’ Counsel means Xxxxxx X. Xxxxxxx and Xxxxxx X. Xxxxx of Xxxxxx Xxxxxx Xxxxxxxx LLP.

  • Dispute Resolution Scheme means the Electricity and Gas Complaints Commission or such other dispute resolution scheme approved or provided for in accordance with section 95 of the Act;

  • Dispute Resolution Process means the process described in clause 9

  • Environmental justice means the fair treatment of people of all races, cultures, and incomes with respect to the development, adoption, implementation, and enforcement of environmental laws, regulations, and policies.

  • Unresolved Claim means a Claim, which at the relevant time, in whole or in part: (a) has not been Finally Determined to be a Proven Claim in accordance with the Amended Claims Procedure Order and this Plan; (b) is validly disputed in accordance with the Amended Claims Procedure Order; and/or (c) remains subject to review and for which a Notice of Allowance or Notice of Revision or Disallowance (each as defined in the Amended Claims Procedure Order) has not been issued to the Creditor in accordance with the Amended Claims Procedure Order as at the date of this Plan, in each of the foregoing clauses, including both as to proof and/or quantum;