BP Claim definition
Examples of BP Claim in a sentence
Buyer and its board of directors has considered the assignment of the BP Claim [describe more fully] to Seller and deems such assignment to be in the best interests of Buyer and FNB after the Closing.
BUYER acknowledges that any recovery under the BP Claim shall belong solely to the SELLER.
From and after the Closing, Parent and the Surviving Corporation shall provide such reasonable cooperation as the Stockholder Representative shall request to assist in taking such administrative actions as may be necessary or desirable to allow the Stockholder Representative to recover the full amount of the BP Claim.
To the extent a Debtor All-Asset Sale or a Trust All-Asset Sale does not close prior to the Agent’s receipt of any BP Proceeds, any proceeds realized from the BP Claim or the 4 The Agent’s commitments under the Committee Settlement shall be exclusively satisfied from the Agent’s payment of BP Proceeds hereunder.