Permitted Settlement definition

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.

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

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.

Examples of Permitted Settlement in a sentence

• 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.

• 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 the amount on deposit in the Spread Maintenance Account on a Settlement Date is not sufficient to pay in full the aggregate Permitted Settlement Date Withdrawals referred to above then the amounts of funds then available in the Spread Maintenance Account will be allocated among the various Series on a pro rata basis in proportion to the amount of their respective Permitted Settlement Date Withdrawals.

• The Debtors shall file Permitted Settlement Notices no less often than promptly following their entry into of every 100 Permitted Settlements.

• Any party in interest may file written objections (the “Settlement Objections”) to any Permitted Settlement described in an Omnibus Application to Allow Permitted Settlements with the Court and serve such objection on the Reorganized Debtors within the ten (10) day notice period (the “Settlement Objection Deadline”).

• If the Facility is decreased in accordance with this Section 2.16, the Facility Reduction shall be effective on the completion of the Permitted Settlement, as determined in the sole and absolute discretion of the Agent, and each Lender’s Commitment shall be permanently reduced pro rata in accordance with the aggregate Facility Reduction Amount.

• Each Settlement Exhibit shall set forth (i) a list of each Consensual Resolution Creditor that holds Claims that are subject to a Permitted Settlement; (ii) the Claim number(s) and the amount of each Claim of such Consensual Resolution Creditor addressed therein; and (iii) the proposed treatment of such Claims as provided for in the applicable Permitted Settlements.

• Lithuania Abstract In the late Soviet period (1960s-1980s), the public policy of the Soviet Union was mainly based on two ideologemes - internationalism and military patriotism.

• Buyer shall be entitled, in its sole discretion and upon written notice to Seller, to add any such Contract to Section 2.1.1(a) of the Seller Disclosure Schedules or Section 2.1.2 of the Seller Disclosure Schedules; provided, however, Seller may add, in all cases, any Permitted Settlement to Section 2.1.1(a) of the Seller Disclosure Schedules in its sole discretion.

• The following cancellation fee is also applied: Sylen Lakes LTD reserves the right to cancel any booking forthwith and without liability on its part in the event of any damage to the venue by fire, flood, natural disaster or any other cause, any shortages of labour or food supplies, strikes, or any other cause beyond the control of Sylen Lakes LTD that might prejudice the reputation of the business and prevent it from performing its obligation in connection with any booking.

More Definitions of Permitted Settlement

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 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.

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.

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”).

Permitted Settlement means any settlement of a Frydman Claim permitted under Section 3(d) below.

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”).