Retained Claims definition
Retained Claims means the Debtors’ interests in all existing and potential causes of action and litigation in which any of the Debtors is the plaintiff (or could be a plaintiff), or a defendant with a counterclaim or cross claims, including, without limitation, any claim, right or interest each or any of the Debtors may have as a direct or indirect result of COVID-19, against or with respect to any local, state, or federal government, agency, instrumentality, or other Governmental Unit as well as any insurer (or account of any Insurance Policy), including, without limitation, Relief Funds.
Retained Claims means the Debtors’ Claims, including, but not limited to, all Avoidance Actions, that are not otherwise settled pursuant to the Plan or agreements approved by the Bankruptcy Court on or prior to the Effective Date, any rights or Claims of the Debtors for indemnification, contribution, or fault allocation, and other Claims of the Debtors against any Entity on account of any Claims which are or may be asserted against the Debtors. Retained Claims do not include any Claims transferred or assigned to the Trust and expressly exclude any Claims against any Entity released by the Debtors under the Plan.
Retained Claims means claims, defenses, causes of action, choses in action, rights of recovery, rights of set off, and rights of recoupment of Parent or any other member of the Parent Group to the extent attributable to the Retained Business.
Examples of Retained Claims in a sentence
The Guaranteed Party hereby covenants and agrees that, other than with respect to the Retained Claims, it shall not, and it shall cause its controlled Affiliates and their respective directors or officers not to, institute any Proceeding or bring any claim in any way under, in connection with or to the extent related to any Transaction-Related Matter (whether at law or in equity, whether sounding in contract, tort, statute or otherwise) against any Non-Recourse Party.
The Retained Claims shall be the sole and exclusive remedy (whether at law or in equity, whether sounding in contract, tort, statute or otherwise) of the Guaranteed Party, all of its controlled Affiliates and their respective directors or officers against any or all of the Non-Recourse Parties, in respect of any claims, liabilities or obligations arising in any way under, in connection with or to the extent related to any Transaction-Related Matter.
More Definitions of Retained Claims
Retained Claims means the Debtor’s Claims, including all Causes of Action, that are not otherwise settled pursuant to the Plan or agreements approved by the Bankruptcy Court on or prior to the Effective Date, any rights or Claims of the Debtor for indemnification, contribution, or fault allocation, and other Claims of the Debtor against any Person on account of any Claims, which are or may be asserted against the Debtor. Retained Claims do not include any Claims transferred or assigned to the Trust and expressly exclude any Claims against any Person released by the Debtor under the Plan or the Insurance Settlement Agreements.
Retained Claims means the benefit of all rights and claims arising to the extent they relate to the carrying on of the Retained Business (whether arising on, prior to or after Completion) but excluding rights and claims to the extent that they relate to any of the EDS Business, EDS Assets or EDS Liabilities.
Retained Claims shall have the meaning set forth in Section 12.04(a)(ii).
Retained Claims means the Debtor’s Claims, including, but not limited to, all
Retained Claims means all of the Failed Bank’s right, title and interest in and to the following:
Retained Claims means (a) any Claim of a Buyer JV Partner (in its capacity as such) against Seller or its Affiliates, and (b) the portion of any Claim of such Transferred Joint Venture Entity against Seller or its Affiliates equal to the applicable Buyer Joint Venture Percentage (but, in the case of each of (a) and (b), only to the extent such Claim or portion of a Claim is not transferred or assigned to, or held for the benefit of, Friendco or any of its Affiliates); provided, however, that Retained Claims shall not include Claims attributable to actions, omissions, circumstances or conditions occurring before the Petition Date to the extent the recovery on account of such Claims (taking into consideration the amounts payable on account of such Claims under the Plan, or in the case of a 363 Sale, the JV Plan and the Remainder Plan, and valuing any non-cash consideration payable on account of such Claims under the Plan, or in the case of a 363 Sale, the Remainder Plan, at the value stated in the Disclosure Statement approved by the Bankruptcy Court (or, if a range of values, the mid-point of such range)) exceeds $30 million in the aggregate; and, provided, further, that Retained Claims shall not include Claims attributable to actions, omissions, circumstances or conditions occurring after the Petition Date to the extent such Claims are based upon fraud or a similar area of law such as misrepresentation or deceit or breach of fiduciary duty and not based upon a contractual obligation to a Buyer JV Partner or a Transferred Joint Venture Entity, or include a claim for consequential, punitive, special or indirect damages, including lost profits.
Retained Claims means those claims, demands, rights and causes of action set forth in Exhibit IV.F.1.