ADR Proceeding definition

ADR Proceeding means either an Arbitration or a Mediation.

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ADR Proceeding. Either an Arbitration or a Mediation. Affiliate: With respect to any specified Person, any other Person controlling, controlled by or under common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

ADR Proceeding has the meaning specified in Section 3.2(a) of the Receivables Purchase Agreement.

Examples of ADR Proceeding in a sentence

• If a Requesting Party provides notice of a referral of a Repurchase Request to an ADR Proceeding, the Depositor shall have at least 30 days to respond to such notice.

• Under no circumstances will the Indenture Trustee, in its individual capacity, be liable for any costs, expenses and/or liabilities that could be allocated to the Requesting Party in any ADR Proceeding.

• The Seller hereby agrees to cooperate with the Issuer and the Indenture Trustee in any ADR Proceeding commenced pursuant to Section 2.4(d) of the Sale and Servicing Agreement.

• The Purchaser hereby agrees to provide the Seller with the opportunity to exercise any rights of the Purchaser pursuant to the Sale and Servicing Agreement with respect to an ADR Proceeding to the extent a dispute relates to the representations and warranties of the Seller contained in Section 3.4.

More Definitions of ADR Proceeding

ADR Proceeding means a mediation or arbitration instituted pursuant to Section 21 hereof.

ADR Proceeding shall have the meaning set forth in Section 17.08.

ADR Proceeding means any mediation or arbitration proceeding relating to the Debtor’s and related parties’ insurance coverage for sexual abuse claims or otherwise arising in or out of the Bankruptcy Case.