Processing Steps. The following provisions of this Article VI describe the various processing steps for resolving Claims against the Debtor and Assumed Third Party Claims. Unless otherwise stated, Opt Out Claims in Classes 5 through 10.2 (including Class 4A Claims that, as provided in Section 2.02(a), are resolved hereunder as Claims in Classes 5 through 10.2) and corresponding Assumed Third Party Claims related to such classes shall be processed sequentially under each step of the Claims Resolution Procedures described below. LTCI Claims (Classes 18 and 19) and Assumed Third Party Claims related to such classes shall be resolved as provided in Section 6.04. Claims in Classes 11 through 15, and 17 and Assumed Third Party Claims related to such classes shall be resolved as provided in Section 6.05. The Manager shall aggressively litigate the Litigation Facility Obligations when reasonable settlements cannot be obtained. The Manager shall be responsible for negotiating and recommending settlements when, in his or her judgment, such settlements facilitate preserving the Litigation Fund and timely and efficiently resolving the Litigation Facility Obligations. Claims in Class 16 shall be resolved as provided in section 6.06 of this Agreement.
Appears in 3 contracts
Sources: Litigation Facility Agreement, Litigation Facility Agreement, Litigation Facility Agreement