Tort Claimants definition
Examples of Tort Claimants in a sentence
If any Tort Claims are liquidated on the same date, each such Tort Claimant’s position in the FIFO Payment Queue shall be determined by the date of the Tort Claimants’ birth, with older Tort Claimants given priority over the younger Tort Claimants.
After lengthy and intensive negotiations supervised by a court-appointed mediator with extensive experience in resolving mass tort litigation, DCC, its Shareholders (Dow Chemical and Corning) and the Official Committee of Tort Claimants (the "TORT COMMITTEE" or the "TCC"), the Court-designated representative of all Personal Injury Claimants, have reached agreement on an Amended Joint Plan of Reorganization dated February 4, 1999 (the "PLAN").
Future Claimants and Supplemental Present Tort Claimants will receive payment of their Claims from the Future Claims Fund upon such Claims becoming Allowed and the distribution being authorized by the District Court.
On June 1, 1995, the United States Trustee appointed the Official Committee of Tort Claimants, referred to in the Plan as the Tort Committee or TCC.
All Tort Claimants shall proceed with litigation of their Tort Claims, at their option, either by binding arbitration or by trial in the District Court.
The purposes of the Facility are: (a) for the incorporation and operation of APCRF which will assume liability for, and will liquidate, resolve, and pay all Unresolved Tort Claims; (b) for the establishment and operation of the Depository Trust to receive, hold, and invest funds paid to the Facility by the Reorganized Debtor for the payment of Tort Claims in accordance with the Plan and this Agreement; and (c) to distribute funds to Tort Claimants as their Claims are resolved.
The beneficiaries of the Depository Trust are all Tort Claimants holding Unresolved Tort Claims.
Each Trustee must be a natural person of good moral character and independent of the Debtor, the Reorganized Debtor, the Parishes, the Tort Claimants, or their successors in interest and be a person whose experience and background is appropriate to the responsibilities of a Trustee hereunder.
Upon determining the amount that is available for distribution, APCRF shall submit this information to the District Court for approval, and shall provide notice to all known Future Claimants and Supplemental Present Tort Claimants.
Distribution and payment of funds to Tort Claimants shall be administered by APCRF and paid by the Depository Trustee.