Litigation Fund definition

Litigation Fund means the fund in the initial amount of $30 million held by Reorganized Garrison for payment of Litigation Option Expenditures associated with Litigation Option Claims (or the completion of appeals for Pre-Petition Judgment GST Asbestos Claims) in excess of the CRP Value for such Claims, as well as Litigation Management Fees.
Sample 1Sample 2Sample 3
Litigation Fund means the fund held by Reorganized Garrison for payment of Litigation Option Expenditures associated with Litigation Option Claims (or the completion of appeals for Pre-Petition Judgment GST Asbestos Claims) in excess of the CRP Value for such Claims, in the initial amount of $5 million in Cash and the Litigation Fund Note with a value of $25 million net present value secured by insurance receivables.
Sample 1Sample 2
Litigation Fund means those funds in the aggregate amount of $34 million of the New
Sample 1

Examples of Litigation Fund in a sentence

  • LCvR 83.11(b)(8): This amendment reminds Panel members of the potential for recovery of some expenses under the Indigent Civil Litigation Fund.

  • In order to provide the Department of State with a dependable, flexible, and adequate source of funding for the expenses of the De- partment related to preparing or prosecuting a proceeding before an international tribunal, or a claim by or against a foreign government or other foreign entity, there is established an International Litigation Fund (hereafter in this subsection referred to as the ‘‘ILF’’).

  • Pending determination by the Settlement Facility of the CRP Value and its obligation for Litigation Option Expenditures, Reorganized Garrison may make interim payments for Litigation Expenses using the Litigation Fund, to be reimbursed by the Settlement Facility up to the amount of the CRP Value.

  • The Litigation Fund was not intended to subsidize costs for the opposing party.

  • If Reorganized Garrison makes, and the Litigation Option Claimant accepts, any settlement after judgment, the Settlement Facility will pay the settlement amount and Litigation Expenses up to the CRP Value, and Reorganized Garrison will pay any additional amounts from the Litigation Fund.

  • Reorganized Garrison shall have the right to invest the Litigation Fund, but shall do so only in the manner in which individuals of ordinary prudence, discretion, and judgment would act in the management of their own affairs.

  • Reorganized Garrison shall also cause to be prepared at the end of each Fiscal Year an annual accounting of the Litigation Fund and a statement of receipts and disbursements charged to the Litigation Fund.

  • Payments to Settlement Option Claimants and Litigation Option Claimants shall be made by the Settlement Facility or Reorganized Garrison (from the Litigation Fund) in accordance with the Plan, Settlement Facility Agreement, CRP, and CMO, as applicable.

  • Except for the obligations of Reorganized Garrison pursuant to this Plan, the Litigation Fund shall be vested in Reorganized Garrison free and clear of all Claims, Equity Interests, encumbrances, and other claims or interests of any Entity.

  • More than half of respondents in this group noted ‘Commercial Law’, while 20% respectively cited ‘Family Law’ and ‘Humanitarian Law’.


More Definitions of Litigation Fund

Litigation Fund means the segregated account containing $500,000 to be used to pursue Postconfir- mation Litigation.
Sample 1
Litigation Fund shall have the meaning as set forth in Section 2.4(d).
Sample 1
Litigation Fund means those funds in the aggregate amount of $3 million of the New Value Contribution set aside for the prosecution of the Litigation Trust Causes of Action.
Sample 1
Litigation Fund means the fund to be maintained by the Settlement Facility for payment of Litigation Expenses, which fund shall be replenished on a semiannual basis to maintain a balance of at least $10 million.
Sample 1

Related to Litigation Fund

  • Non-Fund means any corporation, business trust, partnership, trust or other entity which is not an Investment Company.

  • Acquisition Fund means any company formed with the intent to offer securities to the public and use the proceeds to consummate one or more Business Combinations which are unspecified at the time of the securities offering.

  • Administration Fund means the Administration Fund established by the Fiscal Agent pursuant to Section 4.01 hereof.

  • Litigation Trust means the trust to be established on the Plan Implementation Date at the time specified in section 6.4(p) in accordance with the Litigation Trust Agreement pursuant to the laws of a jurisdiction that is acceptable to SFC and the Initial Consenting Noteholders, which trust will acquire the Litigation Trust Claims and will be funded with the Litigation Funding Amount in accordance with the Plan and the Litigation Trust Agreement.

  • Construction Fund means an account specifically identified in the Indenture to hold funds which are currently available for expenditure to acquire or construct public facilities eligible under the Act.

  • Litigation means any lawsuit, action, arbitration, administrative or other proceeding, criminal prosecution or governmental investigation or inquiry.

  • Levy reduction funds means increases in state funds from

  • 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.

  • Compensation Fund means the fund maintained by the Society pur- suant to Sections 21 and 22 (as substituted, respectively, by Sections 29 and 30 of the Act of 1994) of the Act of 1960;

  • the Skipton Fund means the ex-gratia payment scheme administered by the Skipton Fund Limited, incorporated on 25th March 2004, for the benefit of certain persons suffering from hepatitis C and other persons eligible for payment in accordance with the scheme’s provisions;

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

  • Current Proceeding means any proceeding conducted under any provisions of this subsection that

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • ADR Proceeding means either an Arbitration or a Mediation.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • 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.

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • 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.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • 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.

  • Direct Account : means any Account which is not an ISA Account.

  • 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.

  • Pension Fund means any person that: (i) is organized under the laws of a Contracting State; (ii) is established and maintained in that Contracting State primarily to administer or provide pensions or other similar remuneration, including social security payments; and (iii) is exempt from tax in that Contracting State with respect to the activities described in clause (ii).