Settlement Facility Agreement definition

Settlement Facility Agreement means the agreement pursuant to which the Settlement Facility shall be established and governed, and process and pay Settlement Option Claims and certain Litigation Option Expenditures.
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Settlement Facility Agreement means that agreement, called the “Settlement Facility and Fund Distribution Agreement,” between the Reorganized Debtor and the Claimants’ Advisory Committee pursuant to which the Settlement Facility shall be established and governed.
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Settlement Facility Agreement means the “Settlement Facility Fund and Distribution Agreement” as that term is defined in the Confirmed Plan of Reorganization.
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Examples of Settlement Facility Agreement in a sentence

  • The Settlement Facility shall be responsible for fulfilling all other obligations under the Settlement Facility Agreement and shall be exclusively responsible for paying all Settlement Facility Expenses.

  • The FCR shall continue to serve through the termination of the Settlement Facility in order to perform the functions required by the Settlement Facility Agreement.

  • The Settlement Facility Agreement will include provisions requiring the Settlement Facility to defend and indemnify Reorganized GST, Reorganized Garrison, the Parent, and the other Released Parties from and against any GST Asbestos Claims asserted against them after the Effective Date and hold Reorganized GST, Reorganized Garrison, the Parent, and other Released Parties harmless from any losses associated with such Claims.

  • The Settlement Facility Agreement provides procedures for the replacement of the trustee of the Settlement Facility.

  • The Settlement Facility shall assume full and exclusive responsibility, pursuant to the Settlement Facility Agreement and CRP, for processing and reviewing all Settlement Option Claims and paying those that become Allowed.

  • Payments by the Settlement Facility and Reorganized Garrison to Settlement Option Claimants and Litigation Option Claimants shall be made in accordance with this Plan, the Settlement Facility Agreement, the CRP, and the CMO, as applicable.

  • Payments to Settlement Option Claimants and Litigation Option Claimants shall be made by the Settlement Facility or Reorganized Garrison (from the Litigation Fund) in accordance with the Plan, Settlement Facility Agreement, CRP, and CMO, as applicable.

  • In such event, such Entity’s Claim shall no longer be deemed to be Allowed, and such Entity shall be deemed to have waived its right to such payments or Distributions under this Plan, the Settlement Facility Agreement, CRP, and CMO, as applicable, pursuant to Bankruptcy Code § 1143, shall have no further Claim in respect of such Distribution, and shall not participate in any further Distributions under this Plan, the Settlement Facility Agreement, CRP, and CMO, as applicable, with respect to such Claim.

  • At the request of the Debtor’s Representatives or the Claimants’ Advisory Committee and with the agreement of both the Debtor’s Representatives and the Claimants’ Advisory Committee, the Special Master or Appeals Judge may consult with and assist the Claims Administrator for the purpose of ensuring and facilitating an efficient and fair operation of the Settlement Facility consistent with the terms of this Settlement Facility Agreement.

  • This Settlement Facility Agreement shall be governed by and construed in accordance with the law of the state of New York without regard to conflicts of law principles.


More Definitions of Settlement Facility Agreement

Settlement Facility Agreement means the agreement, a copy of which will be included with the Plan Supplement, pursuant to which the Settlement Facility shall be established and governed, and process and pay Allowed Asbestos Claims and certain Litigation Expenses related to Litigation Option Claims.
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Related to Settlement Facility Agreement

  • Existing Facility Agreement has the meaning specified therefor in the recitals hereto.

  • Credit Facility Agreement means any agreement pursuant to which a Credit Facility Issuer issues a Credit Facility.

  • Original Facility Agreement means the facility agreement dated 19 December 2018 and made between, amongst others, (i) the Borrower, (ii) the Lenders, (iii) the Mandated Lead Arrangers, (iv) the Facility Agent and the SACE Agent and (v) the Security Trustee.

  • Senior Facility Agreement means the Facility Agreement dated 27 June 2016 (as amended from time to time) between, among others, Bendon Limited (as initial borrower) and the Debtor (as initial guarantor), and all other loan facility agreement(s) between (among others) the Senior Creditor and the Debtor from time to time and also includes each other document evidencing the provision of, or setting out the terms that apply to, any Senior Debt (of whatever nature) made or to be made available by the Senior Creditor to the Debtor from time to time (howsoever documented).

  • Amended Facility Agreement means the Facility Agreement as amended and supplemented by this Agreement.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Facility Agreements means the agreements of that name between the Issuer and different

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Loan Commitments of any Series or Incremental Revolving Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.20.

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Settlement Agreements means any settlement reached in the U.S. Litigation with any of the Settling Defendants.

  • Facility Agreement means an agreement or arrangement between a State Party and the Organization relating to a specific facility subject to on-site verification pursuant to Articles IV, V and VI.

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof or any Agent or affiliate thereof, which has been designated by such Lender and the Borrower, by notice to the Administrative Agent not later than 90 days after the execution and delivery by the Borrower or such Guarantor, as a “Specified Cash Management Agreement”.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Credit Party and any Cash Management Bank.

  • Disbursement Agreement that certain Master Disbursement Agreement, dated as of , 2002, among the Borrower, the Administrative Agent and the other parties signatory thereto, as the same may hereafter be amended or modified in accordance with its terms and the terms of the Credit Agreement.

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • Replacement Agreement shall have the meaning set forth in Paragraph 2(b) hereof.

  • Exit Facility Documents means, collectively, the Exit Credit Agreement, and all other agreements, documents, and instruments delivered or entered into in connection with the Exit Facility, including any guarantee agreements, pledge and collateral agreements, UCC financing statements or other perfection documents, intercreditor agreements, subordination agreements, fee letters, and other security documents.

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Repayment Agreement means an agreement

  • Rate Management Agreement means any agreement, device or arrangement providing for payments which are related to fluctuations of interest rates, exchange rates, forward rates, or equity prices, including, but not limited to, dollar-denominated or cross-currency interest rate exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options, puts and warrants, and any agreement pertaining to equity derivative transactions (e.g., equity or equity index swaps, options, caps, floors, collars and forwards), including without limitation any ISDA Master Agreement between Borrower and Lender or any affiliate of Fifth Third Bancorp, and any schedules, confirmations and documents and other confirming evidence between the parties confirming transactions thereunder, all whether now existing or hereafter arising, and in each case as amended, modified or supplemented from time to time.

  • Exit Facility Credit Agreement means the credit agreement, in substantially the form attached to this Plan as Exhibit B or Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Debtors and the Required Consenting Creditors in the manner set forth in the Plan Support Agreement.

  • Local Facility Agreements means any agreement under which a Local Facility is made available.

  • New Management Agreement means the management agreement to be entered into between Buyer and the Manager for the operation and management of the Hotel on and after the Closing Date.

  • Payment Agreement means a written agreement which provides

  • Replacement Management Agreement means, collectively, (a) either (i) a management agreement with a Qualified Manager substantially in the same form and substance as the Management Agreement, or (ii) a management agreement with a Qualified Manager, which management agreement shall be reasonably acceptable to Lender in form and substance, provided, with respect to this subclause (ii), Lender, at its option, may require that Borrower shall have obtained prior written confirmation from the applicable Rating Agencies that such management agreement will not cause a downgrade, withdrawal or qualification of the then current rating of the Securities or any class thereof and (b) an assignment of management agreement and subordination of management fees substantially in the form then used by Lender (or of such other form and substance reasonably acceptable to Lender), executed and delivered to Lender by Borrower and such Qualified Manager at Borrower’s expense.

  • Exit Facility means a credit facility that will be entered into by the City, the Exit Facility Agent and the other financial institutions party thereto on the Effective Date on substantially the terms set forth on Exhibit I.A.119.