Examples of Centre Re in a sentence
The Debtors retain the right to assert that the CIC Trust Funds were not CIC's or Centre Re's trust funds, and CIC and Centre Re reserve the right to assert that the CIC Trust Funds were their trust funds.
Once the Litigation Trust Series B-3 Certificates have been paid in full, CIC and Centre Re waive any ownership or lien interest either may have in the FHS Litigation or the proceeds thereof in excess of the payments made on account of the Litigation Trust Series B-3 Certificates.
Immediately upon receipt of Gross Litigation Proceeds, the Litigation Trust shall, immediately upon, but in no event more than ten days after receipt, pay from the Gross Litigation Proceeds to the Disbursing Agent for immediate payment to CIC and Centre Re any Gross Litigation Proceeds to which CIC or Centre Re are entitled under the Plan.
Anything herein to the contrary notwithstanding, subject to further order of the Bankruptcy Court (which the Litigation Trust reserves the right to oppose), CIC and Centre Re reserve their respective rights (if any) to assert control of the FHS Litigation if the Debtor fails to prosecute the FHS Litigation.
Gross Litigation Proceeds of up to $15 million paid on account of the Litigation Trust Series B-3A Certificate will be applied as a credit against the CIC/CRUS Litigation Claim; provided, however, that, if the CIC/Centre Re Litigation Claim is challenged and is disallowed by Final Order, then such payment shall be applied as a credit against the General Unsecured Claims of CIC or Centre Re.
Once the Litigation Trust Series B-3 Certificates have been paid in full, CIC and Centre Re release and waive any claim to direct or control the FHS Litigation; provided, however, that the Debtors shall keep CIC and Centre Re informed of the status of the FHS Litigation and the Debtors' strategy and tactics therein and provide such information as is reasonably requested by them.
Except as specifically provided herein, Cash payments made to CIC and Centre Re on account of the Litigation Trust Series B-3 Certificates will have no effect upon CIC and Centre Re's respective General Unsecured Claims.
Except as otherwise provided below, the Debtors' right to use the CIC Trust Funds to fund the FHS Litigation is without prejudice to the rights of the Debtors or CIC or Centre Re with respect to the CIC Trust Funds.
In the event that it is determined that the CIC Trust Funds were CIC's or Centre Re's trust funds, CIC or Centre Re will be allowed to setoff against claims the Debtors may have against them in the amount of any CIC Trust Funds not paid to CIC under the Litigation Trust Series B-3B Certificate.
The Holders of the Allowed Class 6A Claim shall be CIC and Centre Re and they shall receive a Litigation Trust Series B-3A Certificate in the amount of $15 million in partial satisfaction of the CIC/CRUS Litigation Claim.