Third Party Litigation definition

Third Party Litigation means, with respect to a Person any and all (i) outstanding judgments, orders, decrees, rulings, or charges against such Person or any Subsidiary of such Person, (ii) pending actions, suits, and proceedings against such Person or any Subsidiary of such Person, and (iii) open investigations by a Governmental Authority of such Person or any Subsidiary of such Person.

Third Party Litigation shall have the meaning given in Section 13.6.4.

Third Party Litigation has the meaning given in Schedule 27 – Dispute Resolution Procedure.

Examples of Third Party Litigation in a sentence

• Chen, A Market for Justice: A First Empirical Look at Third Party Litigation Funding, 15 U.

• Risks of Third Party Litigation The activities of the Fund’s assets expose the Fund to the risks of becoming involved in legal proceedings with third parties.

• For purposes of the foregoing, joinder of the Project Agreement Arbitration and the Third Party Litigation shall be construed to include stays and conditional stays of issues in the Project Agreement Arbitration pending the commencement and completion of third party proceedings by one or both of the Parties in the Third Party Litigation.

• Yifat Shaltiel and John Cofresi, Litigation Lending For Personal Needs Act: A Regulatory Framework To Legitimatize Third Party Litigation Finance, 58 CONSUMER FIN.

• Ronen Avraham & Abraham Wickelgren, Third Party Litigation Funding - A Signaling Model, 63 DEPAUL L.

More Definitions of Third Party Litigation

Third Party Litigation has the meaning set forth in Section 6.16.

Third Party Litigation has the meaning given in Section 4.4(b).

Third Party Litigation means a claim asserted by a person or entity unrelated to and not in privity with the person or party against whom the claim is asserted.

Third Party Litigation means any Action brought by any third party, relating to, arising out of, or in connection with, the transactions contemplated by this Agreement, including the Merger, which is pending at the Closing.

Third Party Litigation means any claim, action, referendum or proceeding filed and served against the City and/or Owner by anyone not a party to this Agreement or their agents or successors in interest to challenge, set aside, void or annul the approval of this Agreement or the Entitlements, including without limitation, attacks upon California Environmental Quality Act compliance.

Third Party Litigation means litigation (other than litigation under or based upon an alleged breach of any antitrust, competition or trade regulation Law) commenced no later than eighteen (18) months after the Closing Date against the Company or any Subsidiary by any Person (other than a party hereto or an Affiliate thereof) to the extent based upon events or circumstances that occurred or existed prior to the Closing Date.

Third Party Litigation means litigation brought against an Indemnified Party by a Person that is not an Indemnified Party; and “Third Party Litigation Costs” means all reasonable attorneys’ fees and other legal expenses incurred in the Third Party Litigation as well as the judgment rendered or settlement reached therein. To avoid doubt, “Third Party Litigation” does not include disputes between the Parties or their Affiliates. It is meant to cover only third party claims by persons or entities other than Indemnified Parties. The Indemnifying Party shall have the right to select counsel in such proceedings and control such proceedings and shall be responsible for the legal costs thereof as well as any judgment rendered therein or settlement reached therein. Nevertheless, the Indemnifying Party shall not settle any claim which may affect the Indemnified Party without the Indemnified Party’s prior written approval.