Global Settlement definition
Examples of Global Settlement in a sentence
On March 23, 2004, the Bankruptcy Court approved the Global Settlement.
Va. Subdivision Credit shall equal 2.58% of the Global Settlement Abatement Amount.
The Borrower or any Guarantor shall not, to the extent that the Global Settlement Agreement or Master Restructuring Agreement have not been terminated by GM, have filed a motion or other pleading seeking to reject any executory contract between the Borrower or any Guarantor and GM or any of its Affiliates.
The first component of the Restructuring Transaction consisted of a Global Settlement Agreement whereby insured credit swap counterparties’ claims were settled in consideration for a cash payment of approximately $209 million and surplus notes with a face value of approximately $950 million.
In all circumstances, the Liquidating Trustee shall comply with all of the Debtors’ obligations under the Global Settlement Agreement and in accordance with applicable law, and otherwise shall act in the best interests of all Liquidating Trust Beneficiaries and in furtherance of the purpose of the Liquidating Trust.