Permitted Settlement definition

Permitted Settlement means, collectively, any and all final and non-appealable consents, orders, formal agreements or other commitments that are enforceable in writing (each, a “Settlement”) by and between the Borrower on the one hand, and any or all of the Persons listed on Schedule 1.01(d) on the other hand, that (a) relates to the matters more fully described on Schedule 1.01(e), and (b) requires the payment by the Borrower of monetary restitution or civil money penalties in a specific maximum dollar amount, or in the case of monetary restitution, pursuant to
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Permitted Settlement means, with respect to any Person, a settlement by such Person of any pending legal proceeding that: (i) provides for the payment by such Person of money damages and no other relief of any nature; and (ii) includes an unconditional release and wavier of future claims by all plaintiffs in favor of such Person.
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Permitted Settlement means a settlement of Specified Litigation agreed to by Horizon in accordance with the terms and subject to the conditions of the Horizon Litigation Agreement that Seller is required, under the Horizon Litigation Agreement, to enter into, and that is approved by the Bankruptcy Court.
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Examples of Permitted Settlement in a sentence

  • Fiscal Impact:The fiscal impact for the remaining 2015-16 fiscal year is approximately $35,826 of which $19,550 is salary, $4,305 is PERS and $11,971 is benefits.

  • The Permitted Settlement Principles may only be amended in accordance with paragraph 1 of Annex 23 ( Permitted Settlement Principles).

  • The Debtors shall file with the Court, on no less than a quarterly basis, a report listing each Permitted Settlement reached between the Debtors and a Claimant.

  • If a stiffer pile than is indicated by the Permitted Settlement is required, then the pile type or dimensions will have to be changed (e.g. pile lengthened, larger diameter, or underream added).

  • Such report shall include: (i) the name of each Claimant that is party to a Permitted Settlement, (ii) the original asserted amount and priority of the Claim and the Debtor against which the Claim was asserted, and (iii) the allowed amount and priority of the Claim under the Permitted Settlement and the Debtor against which the Claim is allowed.

  • Each Permitted Settlement Notice shall set forth the following information with respect to each included Permitted Settlement: (i) the Claim holder's name, (ii) the Claim number(s), (iii) the asserted amount(s) and priority of the applicable Claim(s); (iv) the Debtor(s) against which the applicable Claim(s) is or are asserted; and (v) the resolution of the Claim(s) under the Permitted Settlement.

  • In connection with any Permitted Settlement in accordance with (ii) above, the Debtors will provide the Committee no less than three days' advance notice of such proposed settlement, including the basis for such settlement and any documentation to support the resolution of the Claim.

  • Further, unless and until the Bankruptcy Court allows a Claim addressed in a Permitted Settlement or specifically orders otherwise, the Reorganized Debtors or any other party in interest have the right to object on any grounds to such Claims (or any other Claims or causes of action filed by the Claimant or that have been scheduled by the Debtors) at a later date.

  • In addition, no Permitted Settlement may be included in a Permitted Settlement Notice and no Reduced Notice Settlement may be included in a Settlement Application unless the Debtors shall have notified the Creditors' Committee of such Permitted Settlement or Reduced Notice Settlement, whether by Settlement Notification or otherwise, no fewer than five days before the filing of the Permitted Settlement Notice or the Settlement Application.

  • Reduced Notice Settlements may provide for the allowance of the Claim or any portion of the Claim either in its asserted amount or a reduced amount if, in either case, the resolved amount of the Claim is a secured, administrative expense or priority amount of $1,000,000 or less, and/or a general unsecured nonpriority amount of $5,000,000 or less (and in either case is not otherwise a Permitted Settlement), subject to the notice and approval procedures set forth below.


More Definitions of Permitted Settlement

Permitted Settlement means a written settlement of the Golden Gallon Litigation that does not obligate Buyer to pay any money in connection with the settlement of the Golden Gallon Litigation and grants to Buyer a non-exclusive, worldwide, fully paid up and royalty free right and license to use of the golden-colored gallon milk jug for milk (in form and substance reasonably acceptable to Buyer), along with a full release of Buyer and Sellers for any past infringement.
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Permitted Settlement means a settlement by an Acquired Company of any pending lawsuit prior to the Closing that: (a) provides for the payment by such Acquired Company of money damages of less than $200,000 and no other relief of any nature; (b) includes a complete and unconditional release by all plaintiffs and all Table of Contents related parties in favor of the Acquired Companies and their respective current and future Affiliates, Representatives, successors and assigns from all liabilities and obligations with respect to the claims at issue in such lawsuit; and (c) does not involve a finding or admission of any wrongdoing on the part of any Acquired Company or any of its Representatives or current or future Affiliates.
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Permitted Settlement means any settlement of a Frydman Claim permitted under Section 3(d) below.
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Permitted Settlement means, collectively, any and all final and non-appealable consents, orders, formal agreements or other commitments that are enforceable in writing (each, a “Settlement”) by and between the Borrower on the one hand, and any or all of the Persons listed on Schedule 1.01(d) on the other hand, that (a) relates to the matters more fully described on Schedule 1.01(e), and (b) requires the payment by the Borrower of monetary restitution or civil money penalties in a specific maximum dollar amount, or in the case of monetary restitution, pursuant to specified requirements that permit the calculation of a specific maximum dollar amount of monetary restitution; provided, that notwithstanding anything to the contrary contained herein, a Permitted Settlement (A) shall not in any event when combined with all other Permitted Settlements exceed the Permitted Settlement Amount, and (B) shall not include any one or more non-monetary Settlements that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. For purposes of this Amendment, “Permitted Settlement” also means a voluntary payment of monetary restitution in connection with the Borrower’s financial consumer activities conducted through or with the support of Customers Bank and/or WEX Bank, each an insured depository institution, that is (1) in a fixed dollar amount, and (2) approved in writing in advance by the Administrative Agent, in its sole and absolute discretion (a “Monetary Restitution”).
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Permitted Settlement also means a voluntary payment of monetary restitution in connection with the Borrower’s financial consumer activities conducted through or with the support of Customers Bank and/or WEX Bank, each an insured depository institution, that is (1) in a fixed dollar amount, and (2) approved in writing in advance by the Administrative Agent, in its sole and absolute discretion (a “Monetary Restitution”).
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Related to Permitted Settlement

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Share Settlement means a number of shares of Class A Common Stock (together with any Corresponding Rights) equal to the number of Redeemed Units.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • Excluded Transaction means any transaction in which assets are transferred to: (A) a shareholder of the Company (determined immediately before the asset transfer) in exchange for or with respect to its stock; (B) an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company (determined after the asset transfer); (C) a Person, or more than one Person Acting as a Group, that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding stock of the Company (determined after the asset transfer); or (D) an entity at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a Person described in clause (C) (determined after the asset transfer).

  • Early Settlement has the meaning specified in Section 5.9(a).

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • securities settlement system means a securities settlement system (as defined in the CSD Regulation) operated by a central securities depository;