Common use of ACIC Settlement Clause in Contracts

ACIC Settlement. This Agreement represents a compromise of disputed Claims and shall not be deemed an admission or concession by any Party of liability, culpability, or wrongdoing. American Centennial’s entry into this Agreement does not constitute an endorsement of any plan of reorganization for Congoleum or any related TDP or a statement of position of any kind as to whether any such plan of reorganization as proposed or confirmed is lawful.

Appears in 2 contracts

Sources: Settlement Agreement (American Biltrite Inc), Settlement Agreement (Congoleum Corp)