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.

  • Subject to the limitations set forth in this Settlement Facility Agreement and the CRP, the Trustee shall have the power to take any and all actions that, in his/her reasonable judgment, are necessary, proper or convenient to effectuate the purposes of the Settlement Facility, including, without limitation, each power expressly granted in this Section 3.1, any power reasonably incidental thereto, and any trust power now or hereafter permitted under applicable law.

  • 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.

  • 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.

  • The Settlement Facility shall consider and make determinations whether Settlement Option Claims should be Allowed in accordance with this Settlement Facility Agreement and the CRP and shall pay Allowed Settlement Option Claims.

  • 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.

  • 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.

  • This Settlement Facility Agreement and the CRP provide the exclusive criteria for evaluating, liquidating, allowing, and paying Settlement Option Claims.

  • All assets received by the Settlement Facility pursuant to the Plan shall be administered, held and distributed in accordance with the terms of this Settlement Facility Agreement, the CRP, and the Plan.

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


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 means Existing Facility Agreement A, Existing Facility Agreement B, Existing Facility Agreement C and Existing Facility Agreement D and, in the plural, means all of them;

  • Credit Facility Agreement means the Credit Facility and Reimbursement Agreement dated as of May 1, 2003, between the Bond Bank and the Bank providing for the timely payment, when due, of a portion of the principal of and interest on the Notes, all subject to such conditions and under such terms as described in Article X of the Indenture.

  • 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.

  • 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 Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • 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.

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

  • Disbursement Agreement means the Master Disbursement Agreement, dated as of the Closing Date, by and among the Administrative Agent, the Bank Facilities Administrative Agent, the Disbursement Agent, the Borrowers and LCR, in substantially the form of Exhibit D-3 hereto, as the same may be amended, supplemented, amended and restated, or otherwise modified in accordance with the terms hereof and thereof.

  • 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 means an agreement entered into as a replacement for any Relevant Agreement;

  • 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, 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, 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 Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring 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.