Litigation Reserve. As defined in Section 4.17.

Litigation Reserve shall have the meaning set forth in Section 5.9(a) of this Agreement.

Litigation Reserve shall have the meaning set forth in Section 3.4 of this Agreement.

Examples of Litigation Reserve in a sentence

Amounts on deposit in the Litigation Reserve Account shall be invested in Permitted Investments, shall not be used to pay costs or expenses other than litigation costs and expenses that constitute Servicing Expenses, and shall be used to pay such litigation costs and expenses only in any month in which the Loan Proceeds received during that month do not provide sufficient cash to pay all Servicing Expenses due and payable (without prepayment) during that month.
If the Company elects to establish a Litigation Reserve, it shall establish a Litigation Reserve Account.
The Litigation Reserve Account shall be held in trust for the benefit of the Participant and the Company and shall be established and maintained for the sole purpose of holding and distributing the Litigation Reserve funds.
At the time of the Final Distribution, all remaining funds held in the Litigation Reserve Account shall be allocated and distributed in accordance with Section 4.01.
The Company shall be required to make Working Capital Advances if, at any time, the Loan Proceeds, including funds available in the Collection Account or in any Liquidity Reserve Account or Litigation Reserve Account, are insufficient to pay all costs and expenses incurred by the Company.

More Definitions of Litigation Reserve

Litigation Reserve means $250,000;

Litigation Reserve has the meaning given in Section 4.03(b). “LLC Interest” has the meaning given in the recitals.

Litigation Reserve means a reserve equal to the portion of the amount payable in respect of that litigation described in Item 2 of Schedule 4.6(b) that is not fully covered (other than to the extent of customary deductibles) by insurance pursuant to which the insurer has not denied coverage.

Litigation Reserve means the interest-bearing account that may be established by the Liquidating Trustee by depositing funds sufficient to satisfy all anticipated expenses that will be incurred in order to liquidate and pursue collection on the Litigation Claims.

Litigation Reserve shall have the meaning given in Section 4.03(b).

Litigation Reserve means Cash in an amount to be initially determined by the Liquidating Agent and approved by the Court, after notice and a hearing, which shall be funded to the Liquidating Agent as soon thereafter as reasonably practicable, and used exclusively to pay Post-Confirmation Administrative Claims, including fees and costs of the Liquidating Agent, his staff and Professionals incurred in connection with the prosecution of (i) Litigation Claims, (ii) objections to Claims, and (iii) other asserted claims against the Debtor's Estate, including indemnity Claims. The Liquidating Agent shall File a motion with the Court within twenty (20) days after the Effective Date for a determination of the appropriate amount of the Litigation Reserve, which shall be determined by Final Order of the Court.

Litigation Reserve means the Cash allocated in the Wind-Down Budget with respect to the litigation of any Retained Causes of Action, including any Causes of Action or other claims against any of the Gemini Parties or any of the DCG Parties, the amount of which shall be subject to the Committee’s Consent and the Ad Hoc Group’s Consent and is currently estimated at up to $[70] million. For the avoidance of doubt, all fees and expenses incurred by the Litigation Oversight Committee, including through its retention of professionals (if any), shall be satisfied through the Litigation Reserve.