Material Commercial Tort Claims definition
Material Commercial Tort Claims means, with respect to each Grantor, (i) all Commercial Tort Claims asserted by it, or on its behalf, in writing, and (ii) each Commercial Tort Claim in excess of $50,000 to which it has any right, title or interest and of which it is aware.
Material Commercial Tort Claims means commercial tort claims for which a final judgment or order for the payment of money exceeds $25,000,000 as described on Schedule V.
Material Commercial Tort Claims means a Commercial Tort Claim involving a claim for more than $2,000,000.
Examples of Material Commercial Tort Claims in a sentence
If any Grantor shall at any time hold or acquire Material Commercial Tort Claims, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
More Definitions of Material Commercial Tort Claims
Material Commercial Tort Claims means any Commercial Tort Claim (as defined in the UCC) in favor of any Loan Party seeking damages in excess of $10,000,000.