Legacy Claims definition

Legacy Claims means any claims, Action or other Liability, whether known or unknown, arising on or prior to the Separation Date, to the extent arising out of or otherwise relating to (a) work-related injury or illness (including workers’ compensation claims, disability or other insurance providing medical care and/or compensation to injured workers), (b) property damages and damages associated with personal injury, medical monitoring or wrongful death in connection with the operation of a vehicle, (c) actual or potential employee-related Liabilities (except as otherwise provided in the Employee Matters Agreement), (d) property damages and damages associated with personal injury, medical monitoring or wrongful death in connection with the operation or conduct of any business or (e) property damages and damages associated with personal injury, medical monitoring or wrongful death in connection with the manufacture, production, sale, distribution, conveyance or placement in the stream of commerce or any products or inventory. “Legacy Claims” excludes all (i) Ashland Global Asbestos Legacy Liabilities, except to the extent any such Liability is subject to, or is barred or covered by, workers’ compensation, disability or other insurance providing medical care and/or compensation to injured workers, and (ii) all Environmental Liabilities, except as specifically provided in subsection (d) of that definition.

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Legacy Claims means the claims or proceedings set forth in the Legacy Claims Letter.

Legacy Claims means all Claims, including, but not limited to, Tort Claims and Legacy Sites Claims, arising under or related to the Distribution Agreement, including any and all Claims relating to or arising out of the Spinoff, the Chemicals Liabilities and the Spinoff Indemnity Claims.

Examples of Legacy Claims in a sentence

Effective as of August 1, 2016, a member of the Valvoline Group has assumed liability for the Valvoline Legacy Claims (to the extent related to work-related injury or illness (including workers’ compensation claims, disability or other insurance providing medical care and/or compensation to injured workers)) and shall be obligated to reimburse the members of the Ashland Global Group in accordance with Section 16.01 with respect thereto.
If any such correction would result in a change to the economic analysis that formed the basis for determining the Decisioned Legacy Claims Cut-Off Date or the Decisioned Servicing Only Claims Cut-Off Date, as applicable, the Parties agree to cooperate in good faith to revise the Decisioned Legacy Claims Cut-Off Date or the Decisioned Servicing Only Claims Cut-Off Date, as applicable, to reflect the same economic basis as in effect before such correction.
At the termination of the Wind Down Period, Contractor shall provide a final report on all outstanding Legacy Claims and an accounting and statistical report from collections activities during the Wind Down Period.
All Radian payments, Coverage Rescissions, Claims Denials and Curtailments on Decisioned Legacy Claims (other than Subsequently Paid Claims) as of the Decisioned Legacy Claims Cut-off Date shall become final without regard to the pendency of any appeals and without any offset, credit, disgorgement or other adjustments and neither Radian nor the Insureds shall have any further rights to challenge, dispute, appeal or otherwise attempt to recover any amounts with respect to such Decisioned Legacy Claims.
To the extent the Parties continue to dispute the listing of a Schedule, or revision to the Decisioned Legacy Claims Cut-Off Date or the Decisioned Servicing Only Claims Cut-Off Date, as applicable, then the ADR Procedure shall apply to such continuing dispute.
Because NYCO is financially responsible for the Legacy Claims, NYCO has reimbursed LBI on a monthly basis for any payments made by LBI on the Legacy Claims.
Contractor’s Responsibilities outlined in Section 1 shall continue in the normal course of business with respect to the Legacy Claims.
Radian shall reinstate insurance coverage on all Recently Decisioned Future Legacy Claims for which Radian issued a Coverage Rescission as of the Initial Implementation Date or Other Implementation Date, as applicable.
Radian shall not be entitled to make a Curtailment of any Future Legacy Claims other than Potential Curtailment Loans.
For Future Legacy Claims, Radian shall pay to the GSEs, the Insureds or the current servicers of the Future Legacy Loans, as applicable in the ordinary course of business, for every Perfected Claim, the applicable Settlement Payment within the time period set forth in the applicable Master Policy.

More Definitions of Legacy Claims

Legacy Claims means charges and/or losses pertaining to the claims, change orders, pending change order and/or disputes arising out of or related to the contracts or construction projects commonly known as NIST, Rails to Dulles, Washington Adventist Hospital, and Columbia Place.

Legacy Claims means charges and/or losses pertaining to the pending litigation arising out of the contracts or construction projects commonly known as SCI Fayette and Wilshire Vermont as described on Schedule 5.5 to this Agreement.

Legacy Claims means the claims or proceedings set forth in the Legacy Claims Letter. “Legacy Claims Letter” means that certain letter agreement dated as of the Original Closing Date among the Loan Parties and the Administrative Agent. “Legal Requirement” means any treaty, convention, statute, law, common law, regulation, ordinance, license, permit, governmental approval, injunction, judgment, order, consent decree, restriction or other requirement of any Governmental Authority. “Lenders” means and includes the banks, financial institutions and other lenders from time to time party to this Agreement, as a “Lender” hereunder, including each assignee Lender pursuant to Section 10.9. “Letter of Credit” is defined in Section 2.3(a). “Lien” means any lien, mortgage, deed of trust, pledge, assignment as collateral security, security interest, charge, or encumbrance in the nature of security in respect of any Property, including the interests of a vendor or lessor under any conditional sale, Capital Lease or other title retention arrangement, and any option, trust, authorized UCC financing statement or other preferential arrangement having the practical effect of any of the foregoing. “Loan” means any Revolving Loan or Converted Term Loan, whether outstanding as a Prime Rate Loan or SOFR Loan or otherwise as permitted hereunder, each of which is a “type” of Loan hereunder. “Loan Documents” means this Agreement, the Notes (if any), the Applications, the Collateral Documents, the Guaranty Agreements, the Seller Subordination Agreement, the Reaffirmation Agreement, the Surety Intercreditor Agreement, the Subordination Agreements, any letter agreement between any Loan Party and each other agreement, instrument or document to be delivered hereunder or thereunder or otherwise in connection therewith, other than Hedge Agreements. In no event shall any Hedge Agreements or agreements governing Bank Product Liabilities constitute a Loan Document. “Loan Party” means the Borrower and each of the Guarantors. “Margin Stock” shall have the meaning given to such term in Regulation U of the Board of Governors of the Federal Reserve System. “Material Adverse Effect” means, (a) a material adverse change in, or material adverse effect upon, the business, financial condition or results of operations of the Borrower or of the Loan Parties taken as a whole, (b) a material impairment of the ability of the Loan Parties, taken as a whole, to perform their material obligations under any Loan Document or ...