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;
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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).
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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.
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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 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 up to $50,000 may be used to investigate) 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.

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

  • Affected Claim means any Claim other than an Unaffected Claim;

  • Exculpated Claim means any Claim related to any act or omission in connection with, relating to, or arising out of the Debtors’ post-petition restructuring efforts, the Chapter 11 Cases, formulation, preparation, dissemination, negotiation, filing, solicitation of acceptances, confirmation, approval, implementation, or administration of the Disclosure Statement, the Plan, the settlements and agreements contained in the Plan, the property to be distributed under the Plan or any contract, instrument, release, or other agreement or document created or entered into in connection with the Disclosure Statement or the Plan, the filing of the Debtors’ Chapter 11 Cases, the pursuit of entry of a Confirmation Order, the distribution of property under the Plan, or any other related agreement; provided, however, that Exculpated Claims shall not include any act or omission that is determined in a Final Order to have constituted willful misconduct or gross negligence. For the avoidance of doubt, no Claim, Cause of Action, obligation, or liability expressly set forth in or preserved by the Plan constitutes an Exculpated Claim.

  • Covered Claim means either a Provider Covered Claim or Customer Covered Claim.

  • Contested Claim means any Tax, Indebtedness or other claim or liability (i) the validity or amount of which is being diligently contested in good faith, (ii) for which adequate reserve, or other appropriate provision, if any, as required in conformity with GAAP shall have been made, and (iii) with respect to which any right to execute upon or sell any assets of the Company or of any of its Subsidiaries has not matured or has been and continues to be effectively enjoined, superseded or stayed.

  • Insured Claim means any Claim arising from an incident or occurrence alleged to have occurred prior to the Effective Date that is covered under an insurance policy applicable to the Debtors or their businesses.