Material Commercial Tort Claim definition

Material Commercial Tort Claim means any commercial tort claim with respect to which a Loan Party is the plaintiff or a beneficiary and that makes a claim for damages, or other claim for judgment, in an amount greater than or equal to $10,000,000.
Material Commercial Tort Claim means a Commercial Tort Claim involving a claim for more than $5,000,000.
Material Commercial Tort Claim means a Commercial Tort Claim involving a claim for more than $50,000.

Examples of Material Commercial Tort Claim in a sentence

  • Each Grantor hereby covenants and agrees that it shall provide the Administrative Agent with prompt written notice of each Material Commercial Tort Claim, and any judgment, settlement or other disposition thereof and will take such action as the Administrative Agent may request to grant and perfect a security interest therein in favor of the Administrative Agent and the other Secured Parties.

  • Water Level: Maintain water level below trench bottom at all times.

  • SCHEDULE 3 MATERIAL COMMERCIAL TORT CLAIMS [Describe each existing Material Commercial Tort Claim with the specificity required to satisfy Official Comment 5 to UCC Section 9-108.] SCHEDULE 4 OTHER SECURED OBLIGATIONS2 2 If amounts other than principal and interest (such as fees or indemnities) are payable in connection with any obligation listed in this Schedule and are to be secured, this Schedule or the definition of “Secured Obligations” in Section 1 should so state.

  • The Grantors own Security Entitlements with respect to Financial Assets credited to the following Securities Accounts: Owner Securities Intermediary Account Number SCHEDULE 3 MATERIAL COMMERCIAL TORT CLAIMS Describe each existing Material Commercial Tort Claim with the specificity required to satisfy Official Comment 5 to UCC Section 9-108.

  • Each Grantor represents, warrants and covenants that Schedule 3 accurately describes, with the specificity required to satisfy Official Comment 5 to UCC Section 9-108, each Material Commercial Tort Claim with respect to which such Grantor is the claimant as of the date hereof.


More Definitions of Material Commercial Tort Claim

Material Commercial Tort Claim means a Commercial Tort Claim with respect to which a claim has been asserted by an Issuer or a Guarantor in judicial or similar proceedings, and for which the expected amount of recovery in regards to such claim (as determined in good faith by the Issuer) exceeds $50.0 million.
Material Commercial Tort Claim means any commercial tort claim where the amount of damages claimed by the applicable Loan Party is at least $1,000,000.
Material Commercial Tort Claim means a Commercial Tort Claim that the Company has determined in good faith could reasonably be expected to result in a recovery by the Company or the applicable Subsidiary Guarantor of more than $5,000,000.
Material Commercial Tort Claim means any commercial tort claim with respect to which any Domestic Obligor is a plaintiff or a beneficiary and that makes a claim for damages, or other claim for judgment, in an amount greater than or equal to $25,000,000.
Material Commercial Tort Claim means any commercial tort claim with respect to which a Loan Party is the plaintiff or a beneficiary and that makes a
Material Commercial Tort Claim means all claims for an amount in excess of $1,000,000. ------------------------------
Material Commercial Tort Claim means any Commercial Tort Claim in excess of $10,000,000.