Examples of London Market Companies in a sentence
Issuing a supplemental injunction under section 105(a) of the Bankruptcy Code is essential to give effect to the sale of the Subject Policies to the London Market Companies free and clear of Interests pursuant to section 363(f) of the Bankruptcy Code.
Neither the Trust nor any trustee shall have any obligation to create any new documents or to collect any information in connection with any such review beyond those ordinarily created or maintained by the Trust, as applicable, and the London Market Companies shall not be permitted to challenge the allowance or payment of Claims by the Trust, as applicable, or any administrative payments or costs of the Trust, as applicable.
Neither the Congoleum Parties nor the London Market Companies, nor any of their representatives, have engaged in any conduct that would (i) cause or permit the Agreement, or the sale of the Subject Policies contemplated therein, to be avoided under section 363(n) of the Bankruptcy Code, (ii) cause or permit any amounts, costs, attorneys’ fees, expenses or punitive damages to be recovered under section 363(n) of the Bankruptcy Code, or (iii) prevent the application of section 363(m) of the Bankruptcy Code.
The London Market Companies are good faith purchasers of the Subject Policies for value within the meaning of section 363(m) of the Bankruptcy Code and are entitled to the protection thereof.
Such standstill shall remain in place until such time as this Agreement has been declared null and void or the London Market Companies have paid the Settlement Amount, but nothing in this Section VI shall preclude the London Market Companies from filing any necessary pleadings in Congoleum Corp.
The mail and publication notice shall be in form and substance acceptable to the London Market Companies.
It is the intent of the Parties that no part of this Agreement be construed against any of the Parties hereto because of the identity of the drafter or the fact that the London Market Companies are insurance companies.
Upon the Execution Date, Congoleum and the London Market Companies shall continue completely to stand still in the Coverage Action with respect to one another, including with respect to third-party discovery relevant to their claims and defenses against one another, and they shall promptly file such papers as are necessary to effect such a standstill of the Coverage Action.
Within ten (10) days of the date the London Market Companies pay the Settlement Amount, Congoleum and the London Market Companies shall dismiss all of their Claims against one another in the Coverage Action with prejudice and without costs.
The London Market Companies shall have the exclusive right to waive the occurrence of either or both of the payment-triggering conditions set forth in the immediately preceding sentence, in which event the London Market Companies shall irrevocably make such payment within thirty (30) days after providing notice of such waiver in writing to the other Parties.