Litigation Rights definition

Litigation Rights means the claims, rights of action, suits, or proceedings, whether in law or in equity, whether known or unknown, that the Debtors or their Estates may hold against any Person (except to the extent such claims are expressly released under the Plan), which are to be retained by the Reorganized Debtors pursuant to Section 6.13 of the Plan, including, without limitation, claims or causes of action arising under or pursuant to Chapter 5 of the Bankruptcy Code.

Litigation Rights means the claims, rights of action, suits, or proceedings, whether in law or in equity, whether known or unknown, that the Debtor or its Estate may hold against any Person, which are to be retained by the Reorganized Debtor pursuant to Section 5.12 of the Plan, including, without limitation, claims or causes of action arising under or pursuant to Chapter 5 of the Bankruptcy Code.

Litigation Rights means the Causes of Action, including the Aurora Litigation and the SLS Claims, that the Debtor or the Estate may hold against any Person or Entity (except to the extent expressly released under the Plan), including, without limitation, Avoidance Actions (except with respect to the Avoidance Actions, if any, waived under the Plan).

Examples of Litigation Rights in a sentence

• All recoveries received by Licensor in pursuing its Litigation Rights, if any, shall be the sole property of Licensor.

• Until the Effective Date, the Debtors expressly reserve the right to compromise and settle (subject to the approval of the Bankruptcy Court) Claims against them and Litigation Rights or other claims that they may have against other Persons.

• Each Debtor or Reorganized Debtor shall retain and may enforce, sue on, settle, or compromise (or decline to do any of the foregoing) all such Litigation Rights.

• Until the Effective Date, the Debtor expressly reserves the right to compromise and settle Claims against it and Litigation Rights or other claims that it may have against other Persons, subject to the approval of the Bankruptcy Court if, and to the extent, required.

• From and after the Effective Date, the Reorganized Debtors may compromise and settle various Claims against them and/or Litigation Rights and other claims that they may have against other Persons without any further approval by the Bankruptcy Court.

More Definitions of Litigation Rights

Litigation Rights means the claims, rights of action, suits, or proceedings, whether in law or in equity, whether known or unknown, that the Debtors or their Estates may hold against any Person, including, without limitation, claims or causes of action arising under or pursuant to Chapter 5 of the Bankruptcy Code.

Litigation Rights means the Causes of Action, Claims, suits, or proceedings, whether in law or in equity, whether known or unknown, that the Debtors or the Estates may hold against any Person (except to the extent such claims are expressly released under this Plan), which are to be retained by the Reorganized Debtors and identified in the Plan Supplement.

Litigation Rights means the claims, rights of action, suits, or proceedings whether in law or in equity, whether known or unknown, that Debtors or their Estates may hold against any Person, which are to be retained by the Post-Confirmation Debtors pursuant to Section 10.1 of the Plan, other than the Avoidance Actions, and non-bankruptcy claims, rights of action, suits or proceedings, or otherwise.

Litigation Rights means the Causes of Action that the Debtors or

Litigation Rights means all the Causes of Action, claims, suits, or proceedings, whether in law or in equity, whether known or unknown, that the Debtors or their Estates may hold against any Person (except to the extent such claims are expressly released under this Plan) that are to be retained by the Reorganized Debtors pursuant to Article IX.C hereof.

Litigation Rights means the Causes of Action that the Debtors or their Estates may hold against any Person or Entity (except to the extent expressly released under the Plan), including, without limitation, the right to pursue Avoidance Actions Reinstated pursuant to Section 5.8(a) of the Plan.

Litigation Rights means all claims, rights of action, suits, and proceedings, whether in law or equity, whether known or unknown, liquidated or unliquidated, including without limitation all Avoidance Actions, that any Estate or Debtor may hold against any Person.