Tort Claimant definition
Examples of Tort Claimant in a sentence
If the Tort Claimant rejects or the Reorganized Debtor, in consultation with an Involved Insurer, objects to a Liquidated Value Offer, the Tort Claimant may elect to proceed with the processing of his or her Tort Claim as provided in Section 3.2 and the Claims Reviewers will provide notice of the Tort Claimant's decision to the Debtor, which in turn shall provide notice to the Insurers of the Tort Claimant's election.
On or before the date which is 15 years immediately following the Effective Date (the “Future Claims Bar Date”), each Future Claimant and Supplemental Present Tort Claimant (if any), must personally file a complaint with the District Court asserting a Claim against APCRF or such Claim will be forever barred.
If a Tort Claimant fails to provide such additional claim information pursuant to the Claims Reviewers' notice prior to the Claims Reviewers considering the Tort Claimant’s Tort Claim in the FIFO Processing Queue, the Claims Reviewers will process, consider and liquidate the Tort Claim under the Expedited Review Process based solely on the information submitted by such Tort Claimant in the proof of claim form, along with any evidence submitted by the Reorganized Debtor pursuant to 3.1(b)(i)(4) below.
If the Reorganized Debtor, in consultation with an Involved Insurer, objects, the Tort Claimant will be notified of said objection.
If the Claims Reviewers make a determination that Exposure Evidence is sufficient to allow a Tort Claim and if an Abuse Category Level is determined by Credible and Competent Evidence, the Claims Reviewers shall tender to the Tort Claimant a Liquidated Value Offer for the relevant Abuse Category Level based upon the Compensable Abuse Matrix, together with a form of release approved by the Plan Trustees.