Transeastern Litigation definition

Transeastern Litigation means the Committee Action, solely as it relates to the claims asserted against the Transeastern Lenders.
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Examples of Transeastern Litigation in a sentence

  • Settlement of Liquidation Trust Causes of Action will be subject to Bankruptcy Court approval; provided, however, that settlement of Disputed Claims unrelated to the Transeastern Litigation will not require Bankruptcy Court approval.

  • In fact, an adverse judgment in the Transeastern Litigation in excess of $10 million would have accelerated TOUSA's $800 million secured revolver and over $1 billion in unsecured bond debt.

  • From the net proceeds of the new loan, TOUSA paid approximately $420 million to the Transeastern Lenders to settle the Transeastern Litigation.

  • Effective immediately upon the entry of the Settlement Approval Order by the Court and in consideration of the Settlement Agreement, the Settlement Parties agree to release each other from any and all liability related to the chapter 11 cases, the Greenberg Claims, the Transeastern Litigation and the Greenberg Representation.

  • The Plan Debtors shall transfer, without recourse, to the Liquidation Trust all of their right, title and interest in the Liquidation Trust Assets, including the Transeastern Litigation, the RSUI Insurance Coverage Action and the Remaining Contingent Assets.

  • The court rejected the argument of the New Lenders that the Conveying Subsidiaries received indirect benefits because (1) the settlement of the Transeastern Litigation did not improve the day-to-day operations of the Conveying Subsidiaries and (2) the July 31 Transaction did not (in hindsight) prevent or postpone the bankruptcy of TOUSA, but even if it had, the Conveying Subsidiaries did not substantially benefit because they would not have been seriously harmed by an earlier bankruptcy.

  • In addition, the First Lien Revolver Lenders, the First Lien Term Loan Lenders and the Second Lien Term Loan Lenders shall transfer, without recourse, to the Liquidation Trust all of their right, title and interest in the Transeastern Litigation and the RSUI Insurance Coverage Action.

  • Lee testified that failure to settle the Transeastern Litigation could have resulted in a loss or reduction in bonding capacity or triggered the default and acceleration of over $1 billion of debt of the company's homebuilding operations.

  • Berkowitz testified that the Transeastern lenders were seeking repayment of the entirety of their debt "[a]nd then some" in the Transeastern Litigation.

  • Except as otherwise set forth herein, including with respect to the Transeastern Litigation against the Non-Settling Transeastern Lenders, Liquidation Trust Causes of Action may only be prosecuted or settled by the Liquidation Trustee, under the supervision and with the acceptance of the Liquidation Trust Advisory Board.

Related to Transeastern Litigation

  • Transaction Litigation has the meaning set forth in Section 5.2(d).

  • Threatened litigation as used herein shall include governmental investigations and civil investigative demands. “Litigation” as used herein shall include administrative enforcement actions brought by governmental agencies. The Grantee must also disclose any material litigation threatened or pending involving Subcontractors, consultants, and/or lobbyists. For purposes of this section, “material” refers, but is not limited, to any action or pending action that a reasonable person knowledgeable in the applicable industry would consider relevant to the Work under the Grant Agreement or any development such a person would want to be aware of in order to stay fully apprised of the total mix of information relevant to the Work, together with any litigation threatened or pending that may result in a substantial change in the Xxxxxxx’s financial condition.

  • Pending Litigation means a proceeding in a court of law whose activity is in progress but not yet completed.

  • Litigation means any lawsuit, action, arbitration, administrative or other proceeding, criminal prosecution or governmental investigation or inquiry.

  • Complaint Investigation means an investigation of any complaint that has been made to a proper authority that is not covered by an abuse investigation.

  • Litigation Claims means the claims, rights of action, suits or proceedings, whether in law or in equity, whether known or unknown, that any Debtor or any Estate may hold against any Person or Entity, including, without limitation, the Causes of Action of the Debtors or their Estates, in each case solely to the extent of the Debtors’ or their Estates’ interest therein. A non-exclusive list of the Litigation Claims held by the Debtors as of the Effective Date will be Filed with the Plan Supplement, which will be deemed to include any derivative actions filed against any Debtor as of the Effective Date.

  • Patent Prosecution means the responsibility and authority for (a) preparing, filing and prosecuting applications (of all types) for any Patent, (b) paying, filing and maintenance fees relating to any Patent, (c) managing any interference, opposition, re-issue, reexamination, revocation, nullification, or cancellation proceeding relating to the foregoing, (d) deciding to abandon Patent(s) and (e) settling any interference, opposition, revocation, nullification or cancellation proceeding.

  • Lawsuit means any lawsuit, arbitration or other dispute resolution filed by either party herein pertaining to any of this Warrant, the Facility Agreement and the Registration Rights Agreement.

  • cyber threat means a cyber threat as defined in Article 2, point (8), of Regulation (EU) 2019/881;

  • Infringement has the meaning set forth in Section 6.3(a).

  • Third Party Infringement Claim has the meaning set forth in Section 23.5.1.

  • industrial dispute means any dispute or difference between employers and employers, or between employers and workmen, or between workmen and workmen, which is connected with the employment or non-employment or the terms of employment or with the conditions of labour, of any person;

  • Infringement Claim has the meaning set forth in Section 8.2(a).

  • Plaintiffs’ Releasees means Plaintiffs, and any and all of their related parties, including, without limitation, any and all members of their immediate families, agents or other persons acting on their behalf, attorneys, advisors, financial advisors, accountants, assigns, creditors, heirs, estates and legal representatives.

  • Third Party Infringement has the meaning set forth in Section 5.1.

  • Mediation party means a person that participates in a mediation and whose agreement is necessary to resolve the dispute.

  • Civil action means all suits or claims of a civil nature in a state or federal court, whether cognizable as cases at law or in equity or admiralty. "Civil action" does not include any of the following:

  • Material Litigation means any litigation that, according to

  • Legal Action means and includes any claim, counterclaim, demand, action, suit, counterclaim, arbitration, inquiry, proceeding or investigation before any

  • Mediation means any process in which a mediator facilitates communication and negotiation between the parties to assist them in reaching a voluntary agreement regarding their dispute.

  • Infringement Action has the meaning set forth in Section 9.6(b).

  • Settling Defendants means Johnson & Johnson, AmerisourceBergen, Cardinal Health, and McKesson, as well as their subsidiaries, affiliates, officers, and directors named in a National Settlement Agreement.

  • Third Party Claims has the meaning set forth in Section 11.1.

  • Current Proceeding means any proceeding conducted under any provisions of this subsection that

  • clinical investigation means any systematic investigation in one or more human subjects, undertaken to assess the safety or performance of a device;

  • Released Plaintiff Persons means Plaintiff and any and all of her respective current and former employers, parent entities, controlling persons, owners, members, principals, affiliates, or subsidiaries, and each and all of their respective past or present officers, directors, managers, partners, stockholders, representatives, employees, attorneys, financial or investment advisors, consultants, accountants, investment bankers, commercial bankers, agents, heirs, executors, trustees, personal representatives, estates, administrators, predecessors, successors, assigns, insurers, and reinsurers.