Rehabilitation Proceeding definition

Rehabilitation Proceeding means the proceeding commenced in the Rehabilitation Court with the caption “In the Matter of the Rehabilitation of: Segregated Account of Ambac Assurance Corporation,” Case No. 10-CV-1576.

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Rehabilitation Proceeding means the legal proceeding currently pending before the Court governing the rehabilitation of FGIC, styled as In the Matter of the Rehabilitation of Financial Guaranty Insurance Company, Index No. 401265/2012, together with any appeals thereto.

Rehabilitation Proceeding means the legal proceeding commenced in the Rehabilitation Court on June 28, 2012 governing the rehabilitation of the Company, styled as In the Matter of the Rehabilitation of Financial Guaranty Insurance Company, Index No. 401265/2012, including as reopened as contemplated by this Agreement and the Term Sheet.

Examples of Rehabilitation Proceeding in a sentence

All indemnification agreements and provisions existing as of the commencement of the reopened Rehabilitation Proceeding pertaining to officers and directors of FGIC and/or FGIC Corp.
The Rehabilitation Court will retain exclusive jurisdiction to hear and determine all matters arising out of, or related to, the implementation, interpretation and/or enforcement of the Confirmation Order, the Rehabilitation Proceeding, and the Amended Plan.
Termination of Rehabilitation Proceeding The Rehabilitation Proceeding shall terminate without further action of the Court on the Effective Date.
During the Rehabilitation Proceeding and after the Effective Date, no person may amend or waive any provision of any Policy, Instrument or Transaction Document, which is related to or affects any Retained Policy Claims or FGIC’s ability to recover thereunder without the written consent of FGIC or, prior to the Effective Date, authorization from the Court.
The Parties further agree that, to the extent the Rehabilitation Proceeding is pending, the exclusive forum to seek any such remedy or assert any such claims shall be the Rehabilitation Proceeding.
The Rehabilitation Proceeding will terminate on the Effective Date without further action of the Court.
The transactions contemplated by this Term Sheet shall be implemented pursuant to the Amended Plan to be filed with and approved by the Rehabilitation Court in a reopened Rehabilitation Proceeding.
AAC will resume possession of its property and the conduct of its business upon termination of the Rehabilitation Proceeding.
No Defaults The Amended Plan shall include provisions generally consistent with Section 3.5 of the Plan, modified to remove provisions no longer relevant, but supplemented to treat the reopened Rehabilitation Proceeding and the transactions contemplated by the Amended Plan in a manner similar to Rehabilitation Circumstances.
Each Party shall bear its own costs and expenses, including attorneys’ fees, incurred in connection with this dispute, the Superior Court Action, the District Court Action, the Rehabilitation Proceeding, and in connection with the preparation and execution of this Settlement Agreement.

More Definitions of Rehabilitation Proceeding

Rehabilitation Proceeding means the legal proceeding commenced in the Rehabilitation Court on June 28, 2012 governing the rehabilitation of the FGIC, styled as In the Matter of the Rehabilitation of Financial Guaranty Insurance Company, Index No. 401265/2012, including as reopened.

Rehabilitation Proceeding means the Rehabilitation proceedings of PLICMI under Chapter 81 of the Insurance Code of 1956, Mich. Comp. Stat. §500.8101 et. seq.

Rehabilitation Proceeding means the rehabilitation proceeding commenced in the Rehabilitation Court on March 24, 2010 with respect to the Segregated Account titled In the matter of: Segregated Account of Ambac Assurance Corporation, Case No. 10 CV 1576. r.“Rehabilitator” means the Commissioner of Insurance of the State of Wisconsin, as court-appointed rehabilitator of the Segregated Account. s.“Remaining Senior Surplus Notes” means the Senior Surplus Notes and the Segregated Account Surplus Notes that remain outstanding immediately following the consummation of the Rehabilitation Exit Transactions. t. “Representatives” means a person’s or entity’s former and current officers, former and current directors, former and current principals, employees, agents, financial advisors, attorneys, accountants, investment bankers, consultants, and other professionals, each solely in its capacity as such. u. “SEC” means United States Securities and Exchange Commission. v.“Segregated Account Senior Surplus Notes” means the 5.1% Surplus Notes due June 7, 2020, issued by the Segregated Account pursuant to that certain Fiscal Agency Agreement, dated as of July 19, 2010, between the Segregated Account, as Issuer, and the Bank of New York Mellon, as Fiscal Agent (as amended, modified, or otherwise supplemented from time to time prior to the date hereof) relating to the Segregated Account Senior Surplus Notes, and held by the Ambac Parties at the date hereof. w. “Senior Surplus Notes” means the 5.1% Surplus Notes due June 7, 2020, issued by the Company pursuant to the Fiscal Agency Agreement. x.“Signing Date” means the date of the execution of this Agreement. 3