Nevada Action definition
Examples of Nevada Action in a sentence
Claims also remain in the Nevada Action for breach of the Caesars Agreement, including a prayer for specific performance of that contract.
And in recognition of a more realistic assessment of the fair value of Appellants’ litigation claims, following the mediation before Judge Shannon, Cobra agreed to post the $6 million CMB/SR Letter of Credit and increased the Working Capital Facility, as a backstop against a future judgment and damages award against Tonopah in the Nevada Action.
The Bankruptcy Court nevertheless found that the Plan was feasible because, among other things, the Working Capital Facility would enable Tonopah to operate for at least three years even “if operations never resume and no revenue is generated,” DOE and Cobra were supporting Tonopah’s post-emergence business, and “various Cobra defendants” would likely bear the “weight of the damages sought” if the Nevada Action were to be successful.
Appellants have appellate standing to appeal the Confirmation Order only to the extent that their “rights or interests are directly and adversely affected pecuniarily” by the Confirmation Order – i.e., whether the Plan contains sufficient funding to satisfy Appellants’ claims if they are ultimately successful in the Nevada Action.
On February 3, 1999, the NDEP provided a letter stating that they had received the report and that contamination levels associated with the 10,000 gallon tank are below Nevada Action Levels and require no further action.
For the avoidance of doubt, Plaintiffs’ Released Claims include claims alleged in the Nevada Action, but shall not include claims to enforce the Settlement or any claims by any Person who submits a request for exclusion that is accepted by the Court.
Immediately upon the Effective Date (as defined below), the Parties will jointly file (i) a stipulation of dismissal with prejudice of the Nevada Action; (ii) a stipulation and order to vacate the SJ Order and the Reconsideration Order; and (iii) a stipulation of dismissal with prejudice of the Trademark Action, which stipulation will be joined by all plaintiffs in that action.
Counsel” means The Brown Law Firm, P.C. and The Rosen Law Firm, P.A., as Co-Lead Counsel for Derivative Plaintiffs, and Gainey McKenna & Egleston, as counsel for Plaintiff Zare in the Nevada Action.
Ex. 1.) All of the Claims are based on the Complaint filed in the Nevada Action and therefore rely on the Claimants’ remaining eight causes of action.
The Debtors’ bankruptcy stayed the Nevada Action; the case was ultimately administratively closed.