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

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

  • 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 ▇.

  • 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.

  • Any gross proceeds recovered from the Insurers in respect of the Noble Indemnity Claim (the Paragon Indemnity Recovery) shall be paid to the Paragon Litigation Trust.

  • 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.