Stanford Investors definition

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Stanford Investors means the customers of Stanford International Bank, Ltd. (“SIBL”), who, as of February 16, 2009, had funds on deposit at SIBL, and/or were holding certificates of deposit issued by SIBL.

Stanford Investors is defined on pages 4-5 of the Agreement.

Examples of Stanford Investors in a sentence

If entered, each order will permanently enjoin Interested Parties, including Stanford Investors and Claimants, from pursuing Settled Claims against the BDO Released Parties.
Pursuant to the BDO Settlement Agreement and upon motion by the Receiver, this Court will approve a Distribution Plan that will fairly and reasonably distribute the net proceeds of the BDO Settlement to Stanford Investors who have claims approved by the Receiver.
Further, it is clear that Underwriters would never agree to the terms of the Agreement unless they were assured of “total peace” with respect to all claims that have been, or could be, asserted against Underwriters arising from, in connection with, or relating to the actual or alleged insurer-insured relationship between Underwriters, on the one hand, and Underwriters’ Insureds, the Stanford Entities, and the Stanford Investors, on the other hand.
Accordingly, the Court finds that the BDO Settlement is, in all respects, fair, reasonable, and adequate, and in the best interests of all Persons claiming an interest in, having authority over, or asserting a claim against the BDO Entities, the Stanford Entities or the Receivership Estate, including but not limited to the Plaintiffs, the Claimants, the Stanford Investors, the Interested Parties, the Receiver, and the Committee.
The Receiver must include the following statement, without alteration, on the reverse of all checks sent to Stanford Investors pursuant to the Distribution Plan, above where the endorser will sign: BY ENDORSING THIS CHECK, I RELEASE ALL CLAIMS, KNOWN OR NOT, AGAINST BDO USA, LLP, ITS PARTNERS AND EMPLOYEES ARISING FROM OR RELATING TO STANFORD INTERNATIONAL BANK, LTD.
If entered, each order will permanently enjoin, among others, Interested Parties, including Stanford Investors and Claimants, from bringing, encouraging, assisting, continuing, or prosecuting, against Trustmark or any of the Trustmark Released Parties, the Litigation, or any other action, lawsuit, cause of action, claim, investigation, demand, complaint, or proceeding of any nature, including, without limitation, contribution or indemnity claims, arising from or relating to a Settled Claim.
The Motion concerns a proposed settlement (the “Agreement”) among and between the Receiver, the Official Stanford Investors Committee, and Underwriters.
Under the terms of the BDO Settlement, the BDO Entities will pay $40 million to the Receivership Estate, which (less attorneys’ fees and expenses) will be distributed to Stanford Investors.
The Court finds that the Receiver’s claims process and the Distribution Plan contemplated in the Settlement Agreement have been designed to ensure that all Stanford Investors have received an opportunity to pursue their Claims through the Receiver’s claims process previously approved by the Court.
Under the terms of the Settlement Agreement, HSBC will pay $40 million ($40,000,000.00) (the “Settlement Amount”) to the Receivership Estate, which (less Attorneys’ Fees and expenses) will be distributed to Stanford Investors.

More Definitions of Stanford Investors

Stanford Investors means customers of Stanford International Bank, Ltd. (“SIB”), who, as of February 16, 2009, had funds on deposit at SIB, and/or were holding certificates of deposit issued by SIB.

Stanford Investors means the individuals, entities, and/or customers who, as of February 16, 2009, had funds on deposit at Stanford International Bank, Ltd., or were holding certificates of deposit issued by Stanford International Bank, Ltd. PLEASE TAKE FURTHER NOTICE that the Settlement Amount is Sixty-Five Million US Dollars ($65,000,000.00). The Settlement Amount, less any fees and costs awarded by the Court to the attorneys for the Receiver (“Net Settlement Amount”), will be deposited with and distributed by the Receiver pursuant to a Distribution Plan hereafter to be approved by the Court in the Stanford receivership proceeding, SEC ▇. ▇▇▇▇▇▇▇▇ Int’l Bank, Ltd., et al., (Case No. 3:09- cv-0298-N) (the “SEC Action”). The material terms of the Agreement are as follows:

Stanford Investors means customers of Stanford International Bank, Ltd., who, as of February 16, 2009, had funds on deposit at Stanford International Bank, Ltd., and/or were holding certificates of deposit issued by Stanford International Bank, Ltd. 4 “Claimants” refers generally to any Persons who have submitted a Claim to the Receiver or to the Joint Liquidators.