Receivership Bar Order definition

Receivership Bar Order means the proposed bar order and permanent injunction to be entered by the Court in the Receivership Proceeding in substantially the form of Exhibit M attached hereto and made a part hereof.
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Examples of Receivership Bar Order in a sentence

  • The Settling Parties’ release of the CTSCA and the Receiver as set forth in Section 7.9 and the payment of certain of the Settlement Funds to creditors of the receivership estate of the CTSCA through the Claims Administration Process constitutes good and sufficient consideration for the Receiver seeking and obtaining the Receivership Bar Order.

  • The Settlement Administrator and the Receiver shall enforce the Receivership Bar Order in connection with any SCM Insurer Subrogation Claim (including the Universal Action) and any Non- Participating WDC Claim.

  • The Parties agree that the Settlement contemplated herein is contingent upon the Court’s entry of the bar order and permanent injunction and Receivership Bar Order contemplated by this Section.

  • As a condition to the Settlement, the Court must enter (i) a bar order and permanent injunction as part of the Final Order and Judgment, in the form of Exhibit B, as set forth in Article 10, and (ii) the Receivership Bar Order, in the form of Exhibit M.

  • The Parties hereby acknowledge that the bar order and permanent injunction and Receivership Bar Order contemplated by this Settlement Agreement are essential and integral to the Settlement, and that the Court’s entry of the bar order and permanent injunction and Receivership Bar Order required herein are material inducements to the Settling Parties’ entry into this Settlement Agreement and participation in this Settlement.

  • The Parties hereby acknowledge that the bar order and permanent injunction and Receivership Bar Order contemplated by this Settlement Agreement are essential and integral to the Settlement, and that the Court’s entry of the bar orderand permanent injunction and Receivership Bar Order required herein are material inducements to the Settling Parties’ entry into this Settlement Agreement and participation in this Settlement.

  • Wind turbine structures must be maintained to the same standards as required by the Property Maintenance Code of the New York State Uniform Fire Prevention and Building Code, which is incorporated herein by reference.

  • Accordingly, there can be no question that these claims were preserved and that form of the Receivership Bar Order attached as Exhibit M to the Settlement Agreement must be clarified to make this clear.Finally, and as set forth in the Joint Motion, the Receivership Bar Order is expressly a “form” document.

  • The Bear Lake Formation is considerably better sorted, contains a higher percentage of chert and quartz, and a significantly smaller percentage of volcanic detritus than the other Tertiary sandstones in the State acreage area.

  • Additionally, the August 5 Receivership Bar Order provides, inrelevant part, that: [a]s set forth in more detail in Paragraph 4 below, all persons, individuals or entities are permanently barred, restrained, and enjoined from asserting .

Related to Receivership Bar Order

  • Receivership means a proceeding in which a receiver is appointed.

  • Receivership court means the court in the insolvent or impaired insurer's state having jurisdiction over the conservation, rehabilitation, or liquidation of the member insurer.

  • Insolvency with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.

  • Court Order means any judgment, order, award or decree of any foreign, federal, state, local or other court or tribunal and any award in any arbitration proceeding.

  • Insolvency or Liquidation Proceeding means, with respect to any Person, any liquidation, dissolution or winding up of such Person, or any bankruptcy, reorganization, insolvency, receivership or similar proceeding with respect to such Person, whether voluntary or involuntary.

  • Bankruptcy means, with respect to any Person, if such Person (i) makes an assignment for the benefit of creditors, (ii) files a voluntary petition in bankruptcy, (iii) is adjudged a bankrupt or insolvent, or has entered against it an order for relief, in any bankruptcy or insolvency proceedings, (iv) files a petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, (v) files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against it in any proceeding of this nature, (vi) seeks, consents to or acquiesces in the appointment of a trustee, receiver or liquidator of the Person or of all or any substantial part of its properties, or (vii) if 120 days after the commencement of any proceeding against the Person seeking reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, if the proceeding has not been dismissed, or if within 90 days after the appointment without such Person’s consent or acquiescence of a trustee, receiver or liquidator of such Person or of all or any substantial part of its properties, the appointment is not vacated or stayed, or within 90 days after the expiration of any such stay, the appointment is not vacated. The foregoing definition of “Bankruptcy” is intended to replace and shall supersede and replace the definition of “Bankruptcy” set forth in Sections 18-101(1) and 18-304 of the Act.

  • Chapter 11 means Chapter 11 of the Bankruptcy Code.

  • Dependency guardian means the person, nonprofit corporation, or Indian tribe appointed by the court pursuant to this chapter for the limited purpose of assisting the court in the supervision of the dependency.

  • EU Insolvency Regulation means Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast).

  • Insolvency Proceedings means bankruptcy, liquidation or other collective judicial or administrative proceedings, including interim proceedings, in which the assets and affairs of the debtor are subject to control or supervision by a court for the purposes of reorganisation or liquidation;

  • Final Order means, as applicable, an order or judgment of the Bankruptcy Court or other court of competent jurisdiction with respect to the relevant subject matter that has not been reversed, stayed, modified, or amended, and as to which the time to appeal or seek certiorari has expired and no appeal or petition for certiorari has been timely taken, or as to which any appeal that has been taken or any petition for certiorari that has been or may be filed has been resolved by the highest court to which the order or judgment could be appealed or from which certiorari could be sought or the new trial, reargument, or rehearing shall have been denied, resulted in no modification of such order, or has otherwise been dismissed with prejudice.

  • CCAA means the Companies’ Creditors Arrangement Act (Canada).

  • Lead Member of the Bidding Consortium or “Lead Member” shall mean a company who commits at least 26% equity stake in the Project, meets the technical requirement as per Clause 2.1.2and so designated by other Member(s) in Bidding Consortium;

  • U.S. Bankruptcy Code means Title 11 of the United States Code, as amended, or any similar federal or state law for the relief of debtors.