Paragon Litigation Trust definition

Paragon Litigation Trust means that certain trust established pursuant to the plan of reorganization confirmed in Paragon Offshore plc’s chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware [Case No. 16-10386, Docket No. 1614].
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Paragon Litigation Trust means that certain trust established pursuant to the plan of reorganization confirmed in Paragon Offshore plc’s chapter 11
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Examples of Paragon Litigation Trust in a sentence

  • Expert Witness Report for Skadden, Arps, Slate, Meagher, & Flom, in re: Paragon Litigation Trust v Noble Corporation plc 17-51882 (Bankr.

  • Noble shall use commercially reasonable efforts to pursue and/or settle on commercially reasonable terms the Noble Defense Cost Claim and the Noble Indemnity Claim, taking into consideration input from the Paragon Litigation Trust, the costs of continuing the litigation, the likelihood of success, and such other factors as determined by the Parties.

  • Notwithstanding anything to the contrary set forth in the preceding paragraph, as long as is needed, Executive shall provide cooperation and assistance to Parent and its affiliates in connection with the defense of the lawsuit styled, Paragon Litigation Trust x.

  • Upon consideration of the parties’ settlement of the claims of the Paragon Litigation Trust (the “Trust”) in this lawsuit, it is ORDERED that Counts I – VIII of the First Amended Complaint are dismissed with prejudice.

  • It was discovered by McKimmieet al.(2003) that persons lacking support from leading social cliques had a greater tendency to seek dissonance reduction by altering their beliefs and lessening their group affiliations.

  • On February 14, 2016, Paragon Offshore plc (“Paragon”) and 25 affiliated debtors (collectively, the “Debtors”) filed petitions for chapter 11.1On June 7, 2017, I confirmed the Debtors’ Fifth Joint Chapter 11 Plan (the “Plan”).2 The Plan established the Paragon Litigation Trust (the “Trust”) to pursue claims against Noble Corporation plc (“Noble”) and others.

  • Be advised that the Paragon Litigation Trust (the “Trust”) was formed on July 18, 2017, pursuant to the Fifth Joint Chapter 11 Plan Of Paragon Offshore PLC And Its Affiliated Debtors (the “Plan”).

  • Notwithstanding anything to the contrary set forth in the preceding paragraph, as long as is needed, Executive shall provide cooperation and assistance to Parent and its affiliates in connection with the defense of the lawsuit styled, Paragon Litigation Trust v.

  • Each of the Parties hereby agrees to this Agreement on the date set forth below: Paragon Litigation Trust Xxxxx X.

  • Be advised that, pursuant to Section 5.1 of the Paragon Litigation Trust Agreement, Paragon Litigation Trust Management has notified holders of Interests in the Paragon Litigation Trust of the valuation of Trust Assets for tax purposes via the Notice attached as Exhibit A.

Related to Paragon Litigation Trust

  • Litigation Trust means the trust to be established on the Plan Implementation Date at the time specified in section 6.4(p) in accordance with the Litigation Trust Agreement pursuant to the laws of a jurisdiction that is acceptable to SFC and the Initial Consenting Noteholders, which trust will acquire the Litigation Trust Claims and will be funded with the Litigation Funding Amount in accordance with the Plan and the Litigation Trust Agreement.

  • Transaction Litigation has the meaning set forth in Section 5.2(d).

  • Litigation Trustee means a Person to be determined by SFC and the Initial Consenting Noteholders prior to the Effective Time, with the consent of the Monitor, to serve as trustee of the Litigation Trust pursuant to and in accordance with the terms thereof.

  • Litigation Trust Agreement means the trust agreement dated as of the Plan Implementation Date, between SFC and the Litigation Trustee, establishing the Litigation Trust.

  • Pending Litigation means a proceeding in a court of law whose activity is in progress but not yet completed.

  • Litigation Claims means the claims, rights of action, suits or proceedings, whether in law or in equity, whether known or unknown, that any Debtor or any Estate may hold against any Person or Entity, including, without limitation, the Causes of Action of the Debtors or their Estates, in each case solely to the extent of the Debtors’ or their Estates’ interest therein. A non-exclusive list of the Litigation Claims held by the Debtors as of the Effective Date will be Filed with the Plan Supplement, which will be deemed to include any derivative actions filed against any Debtor as of the Effective Date.

  • Class Counsel means Xxxxxx X. Xxxxxx of Xxxxxx Xxxxxx Xxxxxx LLP, Xxxx Xxxxxx Xxxxxxxxxx of Xxxxxx Xxxxxxxx LLP, and Xxxxx X. Xxxxxxxxxx of Hausfeld LLP.

  • Plaintiffs’ Releasees means Plaintiffs, and any and all of their related parties, including, without limitation, any and all members of their immediate families, agents or other persons acting on their behalf, attorneys, advisors, financial advisors, accountants, assigns, creditors, heirs, estates and legal representatives.

  • Plaintiffs’ Counsel means Lead Counsel and all other legal counsel who, at the direction and under the supervision of Lead Counsel, performed services on behalf of the Settlement Class in the Action.

  • Tax Matter has the meaning set forth in Section 7.01.

  • Unresolved Claim means a Claim, which at the relevant time, in whole or in part: (a) has not been Finally Determined to be a Proven Claim in accordance with the Amended Claims Procedure Order and this Plan; (b) is validly disputed in accordance with the Amended Claims Procedure Order; and/or (c) remains subject to review and for which a Notice of Allowance or Notice of Revision or Disallowance (each as defined in the Amended Claims Procedure Order) has not been issued to the Creditor in accordance with the Amended Claims Procedure Order as at the date of this Plan, in each of the foregoing clauses, including both as to proof and/or quantum;

  • Indemnifying Parties has the meaning set forth in Section 6.08(b).

  • Class Action means a legal action:

  • Retained Claims means the Debtors’ interests in all existing and potential causes of action and litigation in which any of the Debtors is the plaintiff (or could be a plaintiff), or a defendant with a counterclaim or cross claims, including, without limitation, any claim, right or interest each or any of the Debtors may have as a direct or indirect result of COVID-19, against or with respect to any local, state, or federal government, agency, instrumentality, or other Governmental Unit as well as any insurer (or account of any Insurance Policy), including, without limitation, Relief Funds.

  • Unresolved Claims has the meaning set forth in Section 7.6(c).

  • Settling Party means any one of, and “Settling Parties” means all of, the parties to the Stipulation, namely Defendants and Plaintiffs (on behalf of themselves and the Settlement Class).

  • Stockholder Representative has the meaning set forth in the preamble.

  • Litigation means any lawsuit, action, arbitration, administrative or other proceeding, criminal prosecution or governmental investigation or inquiry.

  • Threatened litigation as used herein shall include governmental investigations and civil investigative demands. “Litigation” as used herein shall include administrative enforcement actions brought by governmental agencies. The Grantee must also disclose any material litigation threatened or pending involving Subcontractors, consultants, and/or lobbyists. For purposes of this section, “material” refers, but is not limited, to any action or pending action that a reasonable person knowledgeable in the applicable industry would consider relevant to the Work under the Grant Agreement or any development such a person would want to be aware of in order to stay fully apprised of the total mix of information relevant to the Work, together with any litigation threatened or pending that may result in a substantial change in the Xxxxxxx’s financial condition.

  • Released Claim means the matters that are subject to release and discharge pursuant to ARTICLE 10 hereof;

  • Indemnifying Party Information [(A)] All information in the Prospectus Supplement, the Offering Circular or any Free Writing Prospectus or any amendment or supplement thereto (i) contained under the headings "Summary--Relevant Parties--Responsible Party [and Servicer,"] "The Mortgage Loan Pool--Underwriting Guidelines" [and "The Servicer"] and (ii) regarding the Mortgage Loans, the related mortgagors and/or the related Mortgaged Properties (but in the case of this clause (ii), only to the extent any untrue statement or omission arose from or is based upon errors or omissions in the information concerning the Mortgage Loans, the related mortgagors and/or the related Mortgaged Properties, as applicable, provided to the Depositor or any affiliate by or on behalf of the Indemnifying Party) [and (B) static pool information regarding mortgage loans originated or acquired by the Seller [and included in the Prospectus Supplement, the Offering Circular, the ABS Informational and Computational Materials or the Free Writing Prospectus or any amendment or supplement thereto][incorporated by reference from the website located at ___________]].

  • Joint Remediation Committee has the meaning set forth in Section II.A.2.

  • Tax Contest means an audit, review, examination, or any other administrative or judicial proceeding with the purpose or effect of redetermining Taxes (including any administrative or judicial review of any claim for refund).

  • Released Claims means all Released Defendants’ Claims and all Released Plaintiffs’ Claims.

  • Settling Parties means the Defendants and the Class Representatives, on behalf of themselves, the Plan, and each of the Class Members.

  • Third Party Infringement Claim has the meaning set forth in Section 23.5.1.