Litigation Option Claim definition

Litigation Option Claim means a Current GST Asbestos Claim, Future GST Asbestos Claim, or Pre-Petition Judgment GST Asbestos Claim whose Holder elects the Litigation Option.
Sample 1Sample 2Sample 3
Litigation Option Claim means an Unresolved Asbestos Claim or Pre- Confirmation Judgment Asbestos Claim whose Holder elects the Litigation Option.
Sample 1

Examples of Litigation Option Claim in a sentence

  • Reorganized Garrison’s authority to settle any Litigation Option Claim before judgment shall be limited to the CRP Value less Litigation Expenses prior to the date of any settlement, and its authority to settle after judgment shall be limited to the amount of the judgment, including any interest and costs awarded.

  • Thereafter, Reorganized Garrison’s authority to settle any Litigation Option Claim shall be limited to the CRP Value less Litigation Expenses to date, and Reorganized Garrison shall not be obligated to offer the Litigation Option Claimant any settlement.

  • Reorganized Garrison shall not have authority to settle any Litigation Option Claim before the period for deposition discovery commences under the CMO.

  • Reorganized Garrison’s authority to settle any Litigation Option Claim shall be limited to the CRP Value less Litigation Expenses prior to the date of any settlement, and Reorganized Garrison shall not be obligated to offer the Litigation Option Claimant any settlement.

  • Reorganized Garrison’s authority to settle any Litigation Option Claim shall be limited to the CRP Value less Litigation Expenses to the date of any settlement but Reorganized Garrison shall not be obligated to offer the Litigation Option Claimant any settlement.

  • In addition, the Settlement Facility has assumed responsibility for paying the costs of resolving Litigation Option Claims defended by Reorganized Garrison, up to the CRP Value of such Litigation Option Claim.

  • In the case of each Litigation Option Claim, Reorganized Garrison shall object to the Claim (and be deemed to object to the Claim) and prosecute such objection under the procedures set forth in the CMO.

  • On the Effective Date, without any further action of any Entity, Reorganized Garrison shall assume responsibility for managing the Litigation Option and prosecuting objections to all Litigation Option Claims and shall assume responsibility for paying from the Litigation Fund (a) Litigation Management Fees and (b) any Litigation Option Expenditures in excess of the CRP Value for each Litigation Option Claim.

  • Reorganized Garrison's authority to settle any Litigation Option Claim shall be limited to the CRP Value less Litigation Expenses prior to the date of any settlement, and Reorganized Garrison shall not be obligated to offer the Litigation Option Claimant any settlement.

  • For each Litigation Option Claim, the Settlement Facility shall:(A) on or before the CRP Value Calculation Date (following the receipt of the CRP Value Calculation Documents from Reorganized Garrison) make the CRP Value Calculation as prescribed in Annex B and notify Reorganized Garrison of the CRP Value and the basis therefor; (B) pay Litigation Option Expenditures, when due, on account of such Litigation Option Claim up to the Claim’s CRP Value.

Related to Litigation Option Claim

  • 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.

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

  • Settled claim means the original tort claim resolved by a structured settlement.

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

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

  • Third Party Claim has the meaning set forth in Section 8.3.

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

  • 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.

  • 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;

  • Third party claimant means any individual, corporation, association, partnership, or other legal entity asserting a claim against any individual, corporation, association, partnership, or other legal entity insured under an insurance policy or insurance contract.

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

  • Claims Notice has the meaning set forth in Section 9.3(a).

  • Third Party Infringement Claim has the meaning set forth in Section 6.4.

  • Settled Claims means any and all claims, debts, demands, rights or causes of action 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 federal, state, local, statutory or common law, or any other law, rule or regulation, whether foreign or domestic, fixed or contingent, accrued or unaccrued, liquidated or unliquidated, at law or in equity, matured or unmatured, foreseen or unforeseen, whether class or individual in nature, including both known claims and Unknown Claims (as defined below), (i) that have been asserted in this Action by the Class Members or any of them against any of the Released Parties (whether pleaded in the Complaint or not), or (ii) that could have been asserted from the beginning of time to the end of time in any forum by the Class Members or any of them against any of the Released Parties, which arise out of, relate in any way to, or are based upon the allegations, transactions, facts, matters or occurrences, representations or omissions involved in, set forth in, or referred to, or that could have been asserted in the Complaint and relate to the purchase, sale, transfer or acquisition of securities of Priceline.com during the Class Period, or any actions, representations or omissions that were alleged or might have been alleged to affect the price of publicly traded securities of Priceline.com during the Class Period. Notwithstanding the prior sentence, “Settled Claims” does not include any claims Class Members may have against Deloitte in its capacity as the

  • Third Party Claim Notice shall have the meaning set forth in Section 6.5(a).

  • 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;

  • Released Claim means the matters that are subject to release and discharge pursuant to ARTICLE 10 hereof;

  • Indemnity Notice shall have the meaning specified in Section 9.3(b).

  • 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.

  • Tax Claim has the meaning set forth in Section 6.05.

  • Released Defendant Claims means any and all manner of claims, demands, rights, liabilities, losses, obligations, duties, damages, costs, debts, expenses, interest, penalties, sanctions, fees, attorneys’ fees, actions, potential actions, causes of action, suits, agreements, judgments, decrees, matters, counterclaims, offsets, issues, and controversies of any kind, nature, or description whatsoever, whether accrued or unaccrued, disclosed or undisclosed, apparent or not apparent, foreseen or unforeseen, matured or not matured, suspected or unsuspected, liquidated or not liquidated, fixed or contingent, whether based on state, local, federal, statutory, regulatory, common, or other law or rule, including known claims and Unknown Claims, which any Defendant ever had, now has, or may have against any of the Plaintiff Released Persons and/or the Released SLC Persons that arise out of, are based upon, or relate to the institution, prosecution, or settlement of the claims asserted in the Action. For the avoidance of doubt, the Released Defendant Claims shall not include any claims to enforce this Stipulation or the Settlement.

  • Expected Claim Notice means a notice that, as a result of a legal proceeding instituted by or written claim made by a third party, an Indemnified Party reasonably expects to incur Damages for which it is entitled to indemnification under Article VI.

  • Indemnified Claim has the meaning set forth in Section 8.2.

  • Intellectual Property Claim any claim or assertion (whether in writing, by suit or otherwise) that a Borrower’s or Subsidiary’s ownership, use, marketing, sale or distribution of any Inventory, Equipment, Intellectual Property or other Property violates another Person’s Intellectual Property.

  • 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;