Litigation Claim Proceeds definition

Litigation Claim Proceeds means any and all proceeds derived from the Litigation Claims.
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Litigation Claim Proceeds means any and all proceeds or other assets received in respect of any judgment on, or settlement of, any Litigation Claim.
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Examples of Litigation Claim Proceeds in a sentence

  • Any Litigation Claim Proceeds shall be distributed as follows: (i) first, to satisfy any and all outstanding costs, expenses and obligations of the Litigation Trust; and (ii) second, Pro Rata to the Holders of Allowed Class 9 Claims and Interests.

  • Further, each Holder of an Allowed Class 9 Claim or Interest shall receive its Pro Rata share of any and all Litigation Claim Proceeds in accordance with Section VII.I. of the Plan.

  • In the event that any of this $3,200,000 initial funding remains after the payment of all such costs and expenses, the balance shall be remitted Pro Rata to the beneficiaries of the Litigation Trust as part of the other Litigation Claim Proceeds to be distributed to said beneficiaries.

  • The Holders of Allowed Class 7 Claims shall receive on the Effective Date: (1) Cash equal to thirty percent (30%) of the Holders' Allowed Class 7 Claim; (2) Reorganization Notes in a principal amount equal to twenty percent (20%) of the Holders' Allowed Class 7 Claim; (3) the Holders' Pro Rata share of Class 7 Securities; and (4) if applicable, a portion of the Litigation Claim Proceeds in accordance with Section VII.I of the Plan.

  • Under the Plan, Holders of Class 7 Claims will receive a package of consideration consisting of cash, notes, stock and if applicable, a share of the Litigation Claim Proceeds.

  • On the Effective Date, each Holder of an Allowed Subordinated Claim/Interest will receive in respect of his, her or its Allowed Claim or Interest said Holder's Pro Rata share of (i) the Class 9 Securities and (ii) after payment of any Class 7 Deficiency Claim, any Litigation Claim Proceeds in accordance with Section VII.I. of the Plan.

  • Holders of Securities Claims should consult their own tax advisors, particularly regarding whether such Claims should be treated as "securities" for U.S. federal income tax purposes, as well as the treatment and impact of receiving Litigation Claim Proceeds under the Plan.

  • The Securities Claims will be exchanged for shares of New PSI Common Stock, as well as pro rata shares of Litigation Claim Proceeds.

  • Accordingly, for purposes hereof, the Debtors have assigned a value of "unknown" to any potential Litigation Claim Proceeds.

Related to Litigation Claim Proceeds

  • 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.

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

  • 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;

  • Litigation Costs means all reasonable costs, charges, expenses, including attorneys', accountants' and expert witnesses' fees, and obligations paid or incurred in connection with investigating, defending (including affirmative defenses and counterclaims), obtaining or attempting to obtain a settlement, being a witness in, or participating in or preparing to defend, be a witness in, or participate in, any Proceeding and any appeal therefrom and the cost of appeal, attachment and similar bonds.

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

  • Indemnification Claim has the meaning set forth in Section 12.3.

  • Deficiency Claim Amount has the meaning set forth in Section 5.5(a).

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

  • Tax Claims means any Claim against the Participating CCAA Parties (or any one of them) for any Taxes in respect of any taxation year or period ending on or prior to the applicable Filing Date, and in any case where a taxation year or period commences on or prior to the applicable Filing Date, for any Taxes in respect of or attributable to the portion of the taxation period commencing prior to the applicable Filing Date and up to and including the applicable Filing Date. For greater certainty, a Tax Claim shall include, without limitation, (a) any and all Claims of any Taxing Authority in respect of transfer pricing adjustments and any Canadian or non- resident Tax related thereto, and (b) any Claims against any BL/Wabush Released Party in respect of such Taxes;

  • Infringement Claim means a third party claim alleging that the Equipment manufactured by Motorola or the Motorola Software directly infringes a United States patent or copyright.

  • 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;

  • Litigation Expense means any expenses reasonably incurred in connection with investigating, defending or asserting any claim, action, suit or proceeding incident to any matter indemnified against under this Agreement, including, without limitation, court filing fees, court costs, arbitration fees or costs, witness fees, and fees and disbursements of legal counsel, investigators, expert witnesses, accountants and other professionals.

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

  • D&O Claim means any right or claim of any Person against one or more of the Directors and/or Officers howsoever arising on or before the D&O Bar Date, for which the Directors and/or Officers, or any of them, are by statute liable to pay in their capacity as Directors and/or Officers or which are secured by way of any one of the Directors’ Charges;

  • Pending Claim has the meaning set forth in Section 9.6 hereof.

  • Cure Claim means a Claim (unless waived or modified by the applicable counterparty) based upon a Debtor’s defaults under an Executory Contract or an Unexpired Lease assumed by such Debtor under section 365 of the Bankruptcy Code, other than a default that is not required to be cured pursuant to section 365(b)(2) of the Bankruptcy Code.

  • DIP Facility Claims means all Claims held by the DIP Facility Agent and the DIP Facility Lenders pursuant to the DIP Facility Agreements and the Final DIP Order.

  • Other Priority Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Disputed Claims Reserve means a reserve of Cash that may be funded on or after the Effective Date pursuant to Article VII.E hereof.

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

  • Incurred claims means total claims paid during the experience period, adjusted for the change in claim reserve. (7-1-93)

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.

  • Third Party Claims has the meaning set forth in Section 11.1.

  • Pending Claims shall have the meaning set forth in Section 7.1(e).

  • Deficiency Claim means any portion of a Claim (a) to the extent the value of the holder’s interest in Assets securing such Claim is less than the amount of such Claim or (b) to the extent the amount of a Claim is subject to setoff is less than the amount of the Claim, each as determined by § 506(a) of the Bankruptcy Code.

  • Disputed Claim means any Claim that is not Allowed.