Residual Claims definition

Residual Claims means the Claims assigned to the Residual Trust pursuant to the provisions herein.
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Residual Claims means, collectively:
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Residual Claims means any residual Claim held by the holder of an Allowed Convenience Claim after receiving its Pro Rata share of the Convenience Fund.
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Examples of Residual Claims in a sentence

  • The pledge (if implemented) of such Residual Claims will secure an indemnity created in the Guarantee Support Agreement under which each relevant Originator undertakes to pay to the CBC an amount equal to its share in the foreclosure proceeds.

  • If the intercreditor arrangement is not binding in the insolvency of the relevant Originator, the CBC would need to rely on its rights under a pledge of the Residual Claims or an alternative arrangement, to the extent in place as described above.

  • Schools are invoiced by ACC each August for their Residual Claims Levy and Workplace Cover premiums.

  • Macey, Fiduciary Duties as Residual Claims: Obligations to Nonshareholder Constituencies from a Theory of the Firm Perspective, 84 CORNELL L.

  • If, after the pledge of the Residual Claims, the Originator regains a credit rating from each of the Rating Agencies of at least the Minimum Short- term Ratings and retains such Minimum Short-term Ratings for a consecutive period of at least one month or such other period as may be agreed with the Rating Agencies from time to time, the Issuer and the Trustee will be obliged to release the rights of pledge vested on the Residual Claims.

  • In addition to the approval required under the above, any claim other than Public Officials and Employment Practices Liability in excess of $50,000 must also be reviewed by the Claim Fund's Executive Director/Administrator, and approved by the Board of Fund Commissioners or Executive Committee of the Residual Claims Fund or any claim in excess of $100,000 for the townships of Edison, Woodbridge, Brick and Hillsborough.

  • Jensen, 1983, Agency Problems and Residual Claims, Journal of Law and Economics 26, 327-349.Fauver, Larry, and Michael E.

  • Benjamin Klein, Contracting Costs and Residual Claims: The Separation of Ownership and Control, 26 J.L. & ECON.

  • Jensen, A Theory of the Firm: Governance, Residual Claims, and Organizational Forms 145 (2000).

  • Accordingly, six months after the launch of the recovery fund, the Commission should review the fund’s progress, consider expansion of eligibility factors as applicable per new complaint trends and the submission of any Residual Claims, evaluate the need for additional funding, and consider alternative or complementary sources of revenue.

Related to Residual Claims

  • Individual Class Payment means the Participating Class Member’s pro rata share of the Net Settlement Amount calculated according to the number of Workweeks worked during the Class Period.

  • Environmental Claims means all claims, however asserted, by any Governmental Authority or other Person alleging potential liability or responsibility for violation of any Environmental Law, or for release or injury to the environment.

  • Tax Claims means any Claim against the Participating CCAA Parties (or any one of them) for any Taxes in respect of any taxation year or period ending on or prior to the applicable Filing Date, and in any case where a taxation year or period commences on or prior to the applicable Filing Date, for any Taxes in respect of or attributable to the portion of the taxation period commencing prior to the applicable Filing Date and up to and including the applicable Filing Date. For greater certainty, a Tax Claim shall include, without limitation, (a) any and all Claims of any Taxing Authority in respect of transfer pricing adjustments and any Canadian or non- resident Tax related thereto, and (b) any Claims against any BL/Wabush Released Party in respect of such Taxes;

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Released Class Claims means the claims being released as described in Paragraph 6.2 below.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Pending Claims shall have the meaning set forth in Section 7.1(e).

  • Bankruptcy Losses With respect to the Mortgage Loans in the related Mortgage Pool, losses that are incurred as a result of Deficient Valuations and any reduction, in a bankruptcy proceeding, of the amount of the Scheduled Payment on a Mortgage Loan other than as a result of a Deficient Valuation.

  • Intercompany Claims means, collectively, any Claim held by a Debtor against another Debtor.

  • Released Plaintiffs’ Claims means all any and all manner of claims, demands, rights, liabilities, losses, obligations, duties, damages, costs, debts, expenses, interest, penalties, sanctions, fees, attorneys’ fees, actions, potential actions, causes of action, suits, agreements, judgments, decrees, matters, issues and controversies of any kind, nature, or description whatsoever, whether known or unknown, disclosed or undisclosed, accrued or unaccrued, apparent or not apparent, foreseen or unforeseen, matured or not matured, suspected or unsuspected, liquidated or not liquidated, fixed or contingent, including Unknown Claims, whether based on state, local, foreign, federal, statutory, regulatory, common, or other law or rule (including claims within the exclusive jurisdiction of the federal courts, such as, but not limited to, federal securities claims or other claims based upon the purchase or sale of Class Shares), that are, have been, could have been, could now be, or in the future could, can, or might be asserted, in the Action or in any other court, tribunal, or proceeding by Plaintiff or any other Activision stockholder derivatively on behalf of Activision or as a member of the Class, or by Activision directly against any of the Defendants’ Releasees, which, now or hereafter, are based upon, arise out of, relate in any way to, or involve, directly or indirectly, any of the actions, transactions, occurrences, statements, representations, misrepresentations, omissions, allegations, facts, practices, events, claims or any other matters, things or causes whatsoever, or any series thereof, that relate in any way to, or could arise in connection with, the Transaction (or relate to or arise as a result of any of the events, acts or negotiations related thereto) and the nomination, appointment or election of Activision directors, including but not limited to those alleged, asserted, set forth, claimed, embraced, involved, or referred to in, or related to the Fifth Amended Class and Derivative Complaint or the Action, except for claims relating to the enforcement of the Settlement and for any claims that Defendants may have against any of their insurers, co-insurers or reinsurers that are not otherwise released pursuant to other documentation. For the avoidance of doubt, the Released Plaintiff’s Claims include all of the claims asserted in the Miller Action, but do not include claims based on conduct of Defendants’ Releasees after the Effective Date.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Causes of Action means any action, claim, Claim, cause of action, controversy, demand, right, action, Lien, indemnity, Interest, guaranty, suit, obligation, liability, damage, judgment, account, defense, offset, power, privilege, license, and franchise of any kind or character whatsoever, whether known, unknown, contingent or non-contingent, matured or unmatured, suspected or unsuspected, liquidated or unliquidated, disputed or undisputed, secured or unsecured, assertable directly or derivatively, whether arising before, on, or after the Petition Date, in contract or in tort, in law, or in equity or pursuant to any other theory of law. For the avoidance of doubt, “Cause of Action” includes: (a) any right of setoff, counterclaim, or recoupment and any claim for breach of contract or for breach of duties imposed by law or in equity; (b) the right to object to Claims or Interests; (c) any Claim pursuant to section 362 or chapter 5 of the Bankruptcy Code; (d) any claim or defense including fraud, mistake, duress, and usury; and any other defenses set forth in section 558 of the Bankruptcy Code; and (e) any state or foreign law fraudulent transfer or similar claim.

  • Residual Ownership Interest Any record or beneficial interest in the Class R Certificates.

  • Released PAGA Claims means the claims being released as described in Paragraph 6.2 below.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class R-II Interest The uncertificated Residual Interest in REMIC II.

  • Residual Certificates As specified in the Preliminary Statement.

  • Related Indemnitee Group has the meaning specified in Section 4.02(b) of the Participation Agreement.

  • Class R-III Interest The uncertificated Residual Interest in REMIC III.

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • Environmental Claim means any investigation, notice, notice of violation, claim, action, suit, proceeding, demand, abatement order or other order or directive (conditional or otherwise), by any Governmental Authority or any other Person, arising (i) pursuant to or in connection with any actual or alleged violation of any Environmental Law; (ii) in connection with any Hazardous Material or any actual or alleged Hazardous Materials Activity; or (iii) in connection with any actual or alleged damage, injury, threat or harm to health, safety, natural resources or the environment.

  • Class R-III Certificate Any one of the Class R-III Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC III for purposes of the REMIC Provisions.

  • Litigation Claims means the claims, rights of action, suits or proceedings, whether in law or in equity, whether known or unknown, that any Debtor or any Estate may hold against any Person or Entity, including, without limitation, the Causes of Action of the Debtors or their Estates, in each case solely to the extent of the Debtors’ or their Estates’ interest therein. A non-exclusive list of the Litigation Claims held by the Debtors as of the Effective Date will be Filed with the Plan Supplement, which will be deemed to include any derivative actions filed against any Debtor as of the Effective Date.

  • Intercompany Claim means any Claim held by a Debtor against another Debtor.

  • Residual Certificate The Class R Certificate.

  • Class R-I Certificate Any one of the Class R-I Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC I for purposes of the REMIC Provisions.