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

Should the Litigation Reserve Account balance fall below the $100,000 targeted level, the Commission shall approve and adopt a plan to restore this balance to the target level within 24 months.
It is the goal of the Commission to establish and maintain a Litigation Reserve Account balance in the amount of $100,000 with the intent of limiting the use of Litigation Account funds for unanticipated expenditures resulting from litigation against the Commission that does not occur routinely and would not be reimbursed by another party.
The Servicer shall be authorized and directed to withdraw funds from the Litigation Reserve Account only to make disbursements in accordance with this Agreement and not for any other purpose.
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.
If the Company elects to establish a Litigation Reserve it shall establish a Litigation Reserve Account.

More Definitions of Litigation Reserve

Litigation Reserve means $250,000;

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

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 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 shall have the meaning given in Section 4.03(b). “LLC Interest” shall have the meaning given in the third recital.

Litigation Reserve means Cash in an amount to be initially determined by the Liquidating Agent and approved by the Court, after notice and hearing, which shall be funded to the Liquidating Agent as soon thereafter as reasonably practicable after the Effective Date, and used exclusively to pay Post Confirmation Administrative Claims, including fees and costs incurred by the Liquidating Agent, his staff and his Professionals 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 Bankruptcy Court for a determination of the appropriate amount of the Litigation Reserve, which shall be determined by Final Order of the Bankruptcy Court.

Litigation Reserve shall have the meaning given in Section 4.03(b). “Litigation Reserve Account” shall mean a segregated trust or custodial account established and maintained with an Eligible Institution for the sole purpose of holding and distributing the funds in the Litigation Reserve.