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Litigation Reserve definition

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

  • No funds from any other source (other than interest or earnings on the funds held in the Litigation Reserve Account) shall be commingled in the Litigation Reserve Account.

  • 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 Servicer may transfer the Custodial Account, the Escrow Account, any Liquidity Reserve Account or any Litigation Reserve Account to a different Qualified Depository from time to time.

  • Amounts on deposit in the Custodial Account, the Escrow Account, any Liquidity Reserve Account or any Litigation Reserve Account may at the option of the Servicer be invested in Eligible Investments.

  • Any losses incurred in respect of any such investment shall be deposited in the Custodial Account, the Escrow Account, any Liquidity Reserve Account or any Litigation Reserve Account, by the Servicer out of its own funds immediately as realized with no right to reimbursement.


More Definitions of Litigation Reserve

Litigation Reserve has the meaning given in Section 4.03(b). “LLC Interest” has the meaning given in the recitals.
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 $250,000;
Litigation Reserve shall have the meaning given in Section 4.03(b).
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 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 an amount of one and one-half million US dollars (US$1.5 million) to be retained by Polymer and used only for the purposes specified in paragraph 5.6, except that any portion of the Litigation Reserve remaining after Regulatory Approval of the Additional Product shall become part of the Available Funds.