Litigation Recoveries definition

Litigation Recoveries means any recoveries received by or on behalf of any of the Sears Canada Entities from time to time on account of the LT Claims and TUV Claim;

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Litigation Recoveries means the net proceeds received as a result of any Affirmative Claims, Avoidance Actions, or any other lawsuits brought by or on behalf of the Reorganized Debtor or the Liquidating Trust (after payment of professional fees, costs and expenses incurred in connection with such litigation), but excluding any recoveries on account of claims arising after the Effective Date.

Litigation Recoveries means any proceeds of the Litigation Claims, whether such proceeds arise as the result of litigation, court order, settlement or otherwise, net of attorneys' fees and other costs of litigation.

Examples of Litigation Recoveries in a sentence

Litigation Entitlements shall be distributed to Admitted Group Creditors in accordance with Clause 12 (Post-Restructuring Litigation Recoveries), subject to such Admitted Group Creditor first complying with the Initial Distribution Requirements or the Subsequent Distribution Requirements (as applicable).
In addition, the De Minimus Holders shall receive 100% of their proportionate share of the Litigation Recoveries, which shall be transferred from the Reorganized Debtor to the Disbursement Escrow for the benefit of the De Minimus Holders immediately after such Litigation Recoveries are received.
All Non De Minimus Cash Out Holders shall receive 20% of their proportionate share of the Litigation Recoveries, which shall be transferred from the Reorganized Debtor to the Disbursement Escrow for the benefit of the Non De Minimus Cash Out Holders immediately after such Litigation Recoveries are received.
All litigation costs recorded since January 31, 2012, including but not limited to fees paid to outside attorneys and experts, associated with pursuing and preparing to pursue SONGS Litigation Recoveries.
The Utilities’ portion of the SONGS Litigation Recoveries, as determined by the sharing formula in Section 4.11(c) of this Agreement, shall be retained by the Utilities at the time the ratepayers’ portions are distributed.
Negative balances shall not carry over from one year to the next; instead, the account balance shall be reset to zero on the first of the year following any distribution of SONGS Litigation Recoveries pursuant to this Section of the Agreement.
Every year, the Utilities shall record all SONGS Litigation Costs related to pursuing recovery and planning to pursue recovery from ▇▇▇▇ and all SONGS Litigation Recoveries received from ▇▇▇▇ in this memorandum account.
If there is a negative balance (i.e., SONGS Litigation Costs are less than SONGS Litigation Recoveries) in any memorandum account as of December 31, 2014, or at the end of any subsequent year, each Utility shall distribute to ratepayers their portion of the SONGS Litigation Recoveries as determined by the sharing formula in Section 4.11(c) of this Agreement.
Every year, the Utilities shall record all SONGS Litigation Costs related to pursuing recovery and planning to pursue recovery from Mitsubishi and all SONGS Litigation Recoveries received from Mitsubishi in this memorandum account.
The mechanism for netting SONGS Litigation Costs from SONGS Litigation Recoveries shall be to establish memorandum accounts.

More Definitions of Litigation Recoveries

Litigation Recoveries means net proceeds of Causes of Action by the Debtor or Reorganized Debtor, after payment of attorneys’ fees, expert witness fees, court costs and all other litigation expenses associated with bringing such Causes of Action, if and when received by the Reorganized Debtor during the three-year Commitment Period, but only to the extent that such Litigation Recoveries exceed the Projected Disposable Income to be paid to Creditors under this Plan.

Litigation Recoveries means any and all amounts (including all costs, interests and taxes) actually recovered by the Bank directly or indirectly as a result of any judgment, award, compromise or settlement relating to any Proceedings, insurance claim or otherwise in connection with or arising out of the Causes of Action, whether a cash sum or any other amount realised by the Bank as a result of a sale, auction, enforcement process or other disposal by or on behalf of the Bank of any asset, right, claim or security received by the Bank in connection with the Causes of Action;

Litigation Recoveries means those amounts recovered by the Debtor with respect to the litigation in the CJOG State Court Action and the Wilson Elser State Court Action.