Litigation Option Claimant definition

Litigation Option Claimant means the Holder of a Litigation Option Claim.
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Examples of Litigation Option Claimant in a sentence

  • 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 not be obligated to offer the Litigation Option Claimant any settlement.

  • If Reorganized Garrison makes, and the Litigation Option Claimant accepts, any settlement, the Settlement Facility will pay the settlement to the Claimant after paying any Litigation Expenses incurred before the date of settlement, with the Settlement Facility’s aggregate responsibility not to exceed the CRP Value.

  • If Reorganized Garrison makes, and the Litigation Option Claimant accepts, any settlement before judgment, the Settlement Facility will pay the settlement to the Claimant after paying Litigation Expenses incurred before the date of settlement, with the Settlement Facility’s aggregate responsibility not to exceed the CRP Value.

  • 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.

  • If Reorganized Garrison makes a settlement offer and the Litigation Option Claimant accepts, the Settlement Facility shall pay the settlement and any Litigation Expenses of Reorganized Garrison before the date of the settlement.

  • A Litigation Option Claimant may rescind his election of the Litigation Option by filing a Claim Form (as defined in the CRP) with the Settlement Facility and providing written notice and a copy of the completed Claim Form to Reorganized Garrison.

  • At any time after the period for deposition discovery is scheduled to begin under the CMO, Reorganized Garrison shall provide to the Settlement Facility all interrogatories and documents produced in discovery by the Litigation Option Claimant, and the Settlement Facility shall calculate such CRP Value in the manner prescribed by the Settlement Facility Agreement on or before the CRP Value Calculation Date.

  • Without the prior written consent of the other Party, such consent not to be unreasonably withheld, this Agreement may not be assigned, in whole or in part, and whether arising by contract, by operation of law, by court order or by other means within or beyond the control of the assigning party.

  • 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.

Related to Litigation Option Claimant

  • 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.

  • 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.

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

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

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

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

  • Arbitration Notice has the meaning set forth in Section 9.13.

  • First party claimant means an individual, corporation, association, partnership, or other legal entity asserting a right to payment as a covered person under an insurance policy or insurance contract arising out of the occurrence of the contingency or loss covered by such a policy or contract.

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

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

  • Arbitration Award shall have the meaning given such term in Section 22.5.

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

  • Notice and Claims Agent means Prime Clerk LLC.

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

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

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

  • Infringement Claim has the meaning set forth in Section 8.2(a).

  • Court of Appeal means the division of the Supreme Court referred to in section 7(1)(b);

  • Authorized Claimant means a Settlement Class Member who submits a Proof of Claim Form to the Claims Administrator that is approved by the Court for payment from the Net Settlement Fund.

  • Claimant means a person who believes that he or she is being denied a benefit to which he or she is entitled hereunder.

  • Third Party Infringement Claim has the meaning set forth in Section 23.5.1.

  • Joint Remediation Committee has the meaning set forth in Section II.A.2.

  • Settled Claims means any and all of the claims, debts, demands, rights, actions, causes of action, suits, matters, issues, damages, losses or liabilities whatsoever (including, but not limited to, any claims for 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, (i) that have been asserted (or proposed as amendments) in any of the 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, breaches, occurrences, financial statements, statements, representations or omissions involved, set forth, or referred to in the Actions or in proposed amendments.

  • 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;

  • Mediation Notice is defined in Section 6.2(b).

  • Arbitrable Dispute means any dispute arising under or in connection with this Agreement.