Settlement in Principle definition

Settlement in Principle means the settlement in principle reached between FirstEnergy Corporation, the Ad Hoc Noteholder Group, and the Ad Hoc Group of Holders of the 6.85% Pass Through Certificates, as described in FirstEnergy Corporation’s Form 8-K, dated April 23, 2018.
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Settlement in Principle means the settlement in principle reached between FirstEnergy Corporation and certain of the Debtors’ creditors, as described in FirstEnergy Corporation’s Form 8-K, dated April 23, 2018.
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Examples of Settlement in Principle in a sentence

  • On January 24, 2022, the Parties filed a Joint Notice of Class Action Settlement in Principle after having engaged in settlement negotiations resulting in a settlement memorialized in this settlement agreement (“Settlement Agreement”).

  • On June 8, 2020 the Settling Parties notified the ALJ that they had reached a settlement in principle, and followed with a formal Notice of Settlement in Principle filed in this proceeding on June 9, 2020.

  • The Settlement in Principle between the Commission and DVREDF requires the Commission to amend its 1998 PECO Restructuring Settlement Order to reflect the settlement of the Commonwealth Court matter as discussed herein.

  • Given the current Settlement in Principle in this matter as discussed above, it is necessary for the Commission to amend the 1998 PECO Restructuring Settlement Order to reflect the intended use of the settlement funds.

  • As discussed supra, in mediation, the parties entered into a Settlement in Principle in which the parties agreed that funds will be provided for the proposed remedies from the Complaint.