Litigation Claims Proceeds definition

Litigation Claims Proceeds means the actual consideration, if any, received by the Litigation Trust as a result of any judgment, settlement, or compromise of any of the Unsettled Bond Avoidance Action Claims.
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Litigation Claims Proceeds means any and all proceeds and recoveries, in whatever form, recovered by the Litigation Trustee as a result of the prosecution (including settlement) of the Litigation Claims.
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Litigation Claims Proceeds means the actual consideration, if any, received by the Litigation Trust as a result of any judgment, settlement, or compromise of any of the Litigation Trust Causes of Action.
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Examples of Litigation Claims Proceeds in a sentence

  • The Lender Unsecured Subordinated Deficiency Claim shall be paid only after holders of Classes 1 and 2 have been paid in full and, except for payment of Lender's Initial Share of Litigation Claims Proceeds, after payment of the GUC Priority Claim.

  • Additionally, Class 3 Claims will receive the GUC Priority Claim after payment of the Lender's Initial Share of Litigation Claims Proceeds, which represents a partial subordination of the Lender's unsecured deficiency claim.

  • The Lender has agreed to allocate $50,000 of Lender's Initial Share of Litigation Claims Proceeds for distribution to holders of Allowed Class 5 Claims as follows: (i) $25,000 for distribution to holders of Series C Preferred Stock; and(ii) $25,000 for distribution to holders of common stock.

  • On the Effective Date, the Lender will consensually subordinate its Lender Unsecured Subordinated Deficiency Claim to Class 3 for the first$400,000.00 of the net proceeds of the Litigation Claims and has contributed an additional $50,000 earmarked for payment to Allowed general unsecured creditors in Class 3, in exchange for receiving the Lender Release and Injunction, and Lender's Initial Share of Litigation Claims Proceeds.

  • Finally, the Lender has agreed to consensually subordinate its Lender Unsecured Subordinated Deficiency Claim to Class 3 for the first$400,000.00 of the net proceeds of the Litigation Claims in exchange for receiving the Lender Release and Injunction, and Lender's Initial Share of Litigation Claims Proceeds.

  • This has implications for storage and memory efficiency, as the storage requirement of our dataset was reduced by more than 80% from about 148 GB to about 26 GB.

  • The Lender shall waive its lien on the Lender Collateral upon the Effective Date of the Plan in exchange for receiving the Lender Release and Injunction, and Lender's Initial Share of Litigation Claims Proceeds.

  • Additionally, Class 3 Claims will receive the first$450,000.00 of net recoveries from Litigation Claims (the "GUC Priority Claim") after payment of the Lender's Initial Share of Litigation Claims Proceeds, which represents a partial subordination of the Lender's unsecured deficiency claim.

  • On the Effective Date, the Lender will consensually subordinate its Lender Unsecured Subordinated Deficiency Claim to Class 3 for the first $450,000.00 of the net proceeds of the Litigation Claims and has contributed an additional $50,000 earmarked for payment to Allowed general unsecured creditors in Class 3, in exchange for receiving the Lender Release and Injunction, and Lender's Initial Share of Litigation Claims Proceeds.


More Definitions of Litigation Claims Proceeds

Litigation Claims Proceeds means any and all proceeds derived from the Litigation Claims.
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Litigation Claims Proceeds means any actual consideration, if any, received by the Plan Trust as a result of any judgment, settlement, or compromise of any of the Causes of Action.
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Related to Litigation Claims 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 has the meaning set forth in Section 7.6(c).

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

  • 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;

  • Class Counsel Litigation Expenses Payment mean the amounts allocated to Class Counsel for reimbursement of reasonable attorneys’ fees and expenses, respectively, incurred to prosecute the Action.

  • 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;

  • Related Claims means all Claims for Wrongful Acts based upon, arising out of, resulting from, or in any way involving the same or related facts, circumstances, situations, transactions or events or the same or related series of facts, circumstances situations, transactions or events, whether related logically, causally or in any other way.

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

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

  • 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.

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

  • Claims Process means the process for Settlement Class Members’ submission of Claims, as described in Section III.

  • 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.

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

  • 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.

  • Settled Claims means any and all claims, debts, demands, rights or causes of action, suits, matters, and issues or liabilities whatsoever (including, but not limited to, any claims for damages, interest, attorneys’ fees, expert or consulting fees, and any other costs, expenses or liability whatsoever), whether based on United States or Canadian federal, state, provincial, local, statutory or common law or any other law, rule or regulation, whether fixed or contingent, accrued or unaccrued, liquidated or unliquidated, at law or in equity, matured or unmatured, whether class or individual in nature, including both known claims and Unknown Claims (herein defined), (i) that have been asserted in any of the Nortel II Actions against any of the Released Parties, or (ii) that could have been asserted in any forum by the Class Members or any of them against any of the Released Parties which arise out of or are based upon the allegations, transactions, facts, matters or occurrences, representations or omissions involved, set forth, or referred to in the Nortel II Actions and which relate to the purchase of Nortel common stock or call options on Nortel common stock or the writing (sale) of put options on Nortel common stock during the Class Period, or (iii) any oppression or other claims under the Canada Business Corporations Act, R.S.C. 1985, c. C-44, as amended, that arise out of or are based upon the allegations, transactions, facts, matters or occurrences, representations or omissions, set forth or referred to in the Nortel II Actions. “Settled Claims” does not mean or include claims, if any, against the Released Parties arising under the (United States) Employee Retirement Income Security Act of 1974, as amended, 29 U.S.C. § 1001, et seq. (“ERISA”) that are not common to

  • Indemnification Claim has the meaning set forth in Section 8.4(a).

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

  • Litigation Conditions has the meaning set forth in Section 11.3.

  • Released Defendants’ Claims means all claims and causes of action of every nature and description, including both known claims and Unknown Claims (as defined below), whether arising under federal, state, common or foreign law, or any other law, that Defendants could have asserted against any of the Released Plaintiff Parties that arise out of or relate in any way to the institution, prosecution, or settlement of the claims in the Action, except for claims relating to the enforcement of the Settlement.

  • DIP Claims means, collectively, the DIP ABL Claims and the DIP Term Loan Claims.

  • 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;

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

  • Litigation Expenses means costs and expenses incurred in connection with commencing, prosecuting and settling the Action (which may include the costs and expenses of Plaintiffs directly related to their representation of the Settlement Class), for which Lead Counsel intends to apply to the Court for reimbursement from the Settlement Fund.

  • Insured Claims means those Liabilities that, individually or in the aggregate, are covered within the terms and conditions of any of the Shared Policies, whether or not subject to deductibles, co-insurance, self-insured retentions, or uncollectibility due to insurer insolvency.

  • Disputed Claim means any Claim that is not Allowed.