Non-Compensatory Damages definition
Non-Compensatory Damages means any and all damages awarded by a court of competent jurisdiction that are penal in nature, including, without limitation, punitive, punitory, exemplary, vindictive, imaginary or presumptive damages.
Non-Compensatory Damages means any and all damages awarded or that could be awarded by a court of competent jurisdiction that are penal in nature, including, without limitation, punitive, punitory, exemplary, vindictive, imaginary or presumptive damages and any Claims or a portion thereof for sanctions under Rule 11 of the Federal Rules of Civil Procedure, 28 U.S.C. § 1927, any similar rule or statute applicable in a state or federal court, or any fine, penalty, forfeiture, attorneys’ fees (to the extent such attorneys’ fees are punitive in nature), or for multiple, exemplary or punitive damages, to the extent that such fine, penalty, forfeiture, attorneys’ fees or damages does not constitute compensation for the Claimholder’s actual pecuniary loss.
Non-Compensatory Damages means any and all damages awarded or that could be awarded by a court of competent jurisdiction that are penal in nature, including, without limitation, punitive, punitory, exemplary, vindictive, imaginary or presumptive damages and any Claims or a portion thereof for any fine, penalty, forfeiture, attorneys’ fees (to the extent such attorneys’ fees are punitive in nature), or for multiple, exemplary or punitive damages, to the extent that such fine, penalty, forfeiture, attorneys’ fees or damages does not constitute compensation for the Claimholder’s actual pecuniary loss.
Examples of Non-Compensatory Damages in a sentence
For purposes of the TDP, awards or judgments arising out of claims by employees of a Debtor against such Debtor for gross negligence shall not be deemed Non-Compensatory Damages.
In determining the value of any liquidated or unliquidated TDP Valued Asbestos Claim, Non-Compensatory Damages shall not be considered or allowed, notwithstanding their availability in the tort system.
In determining the value of any Tort Claim, Non-Compensatory Damages shall not be considered or allowed, notwithstanding their availability in the tort system.
More Definitions of Non-Compensatory Damages
Non-Compensatory Damages has the meaning set forth in Section 10.7.
Non-Compensatory Damages means any and all damages that are penal in nature, including, without limitation, punitive, exemplary, vindictive, imaginary, or presumptive damages or awards of attorneys fees and costs.