Prohibited Claim definition

Prohibited Claim means, subject to clause 15.5(b), a Claim arising from an Incident where the total value of the loss or damage suffered by a party to this agreement is less than $50,000.00;
Sample 1Sample 2Sample 3
Prohibited Claim any action or objection with respect to (a) claims of the Prepetition Secured Parties against the Debtors or the Liens which secure the Prepetition Obligations, (b) the Superpriority Claims or Liens granted to the Administrative Agent and the Lenders pursuant to Sections 2.20(a) and (b), or (c) the Superpriority Claims or Liens granted to the Prepetition Secured Parties pursuant to Section 2.20(c).
Sample 1Sample 2Sample 3
Prohibited Claim means an Assertion by a Covered Seller Party against a Covered Purchaser Party of a claim that the manufacture, use, import, export, offer for sale, sale, distribution or other exploitation of any product or any process or method employed in the manufacture, testing, distribution, use or other exploitation thereof, in each of the foregoing cases in the Field of Use, infringes, directly or indirectly, any Patent of such Covered Seller Party.
Sample 1Sample 2Sample 3

Examples of Prohibited Claim in a sentence

  • Prohibited Claim Formats Monetary claims based on anticipatory profits are prohibited.

  • Notwithstanding anything herein to the contrary, the Carve Out shall not be used to commence or prosecute any Prohibited Claim.

  • Notwithstanding anything herein to the contrary, the Carve Out shall not be used to commence or prosecute (but up to $50,000 may be used to investigate) any Prohibited Claim.

  • Notwithstanding anything herein to the contrary, the Carve-Out shall not be used to commence or prosecute (but may be used to investigate) any Prohibited Claim.

  • Indemnitor agrees to cause the Nominees not to instigate, assist solicit, or participate in any Prohibited Claim.

  • The Company shall indemnify and hold harmless any Stockholder in connection with or relating to any Prohibited Claim, including advancement of all expenses, including legal and other fees, incurred by such Stockholder in connection with such Prohibited Claim.


More Definitions of Prohibited Claim

Prohibited Claim means any (i) claim, cause of action, suit or defense against any of the Existing Lenders or Pre-Petition Agent, the Lenders or the Agent or (ii) action or objection with respect to (a) claims of the Existing Lenders or Pre-Petition Agent against the Borrower or any Guarantor or the Liens which secure the Existing Agreement, (b) the Superpriority claims or Liens granted to the Agent and the Lenders pursuant to paragraphs (a) or (b) of Section 2.23 and (iii) the Superpriority claims or Liens granted to the Existing Lenders or Pre-Petition Agent pursuant to Sections 2.23(c).
Sample 1

Related to Prohibited Claim

  • Priority Non-Tax Claim means any Claim other than an Administrative Expense Claim or a Priority Tax Claim, entitled to priority in payment as specified in section 507(a) of the Bankruptcy Code.

  • Secured Claim means a Claim: (a) secured by a valid, perfected, and enforceable Lien on collateral to the extent of the value of such collateral, as determined in accordance with section 506(a) of the Bankruptcy Code or (b) subject to a valid right of setoff pursuant to section 553 of the Bankruptcy Code.

  • Approved Claim means a Claim Form submitted by a Settlement Class Member that: (a) is submitted timely and in accordance with the directions on the Claim Form and the provisions of the Settlement Agreement; (b) is fully and truthfully completed by a Settlement Class Member with all of the information requested in the Claim Form; (c) is signed by the Settlement Class Member, physically or electronically; and (d) is approved by the Settlement Administrator pursuant to the provisions of this Agreement.

  • Expected Claim Notice means a notice that, as a result of a legal proceeding instituted by or written claim made by a third party, an Indemnified Party reasonably expects to incur Damages for which it is entitled to indemnification under Article VI.

  • General Unsecured Claim means any Claim that is not a/an: Administrative Claim; DIP Facility Claim; Professional Fee Claim; Priority Tax Claim; Secured Tax Claim; Other Priority Claim; Other Secured Claim; Intercompany Claim; Prepetition Debt Claim; or 510(b) Equity Claim.

  • Allowed Claim means an Allowed Claim of the type described.

  • Released Class Claims means the claims being released as described in Paragraph 5.2 below.