Challenge Rights definition

Challenge Rights means all rights afforded the Creditors Committee to investigate and challenge the amount, validity, extent, enforceability, perfection, or priority of the Series 2008 Bond Claims and Bond Collateral as set forth in the Final Cash Collateral Order.
Sample 1Sample 2Sample 3
Challenge Rights means the Committee’s challenge rights pursuant to and solely to the extent described in the DIP Order.
Sample 1

Examples of Challenge Rights in a sentence

  • The Challenge Period (defined in the DIP Order) has expired and was resolved pursuant to the Stipulation (I) Resolving Committee’s Challenge Rights Under Final DIP Order; and (II) Releasing Funds Escrowed For the Benefit of the DIP Agent and the Pre-Petition Agent [Docket No. 428] To implement its proposed sale processes and continue to retain and inspire confidence in its business partners, access to liquidity was critical.

  • The Agency shall issue a license for pursuit of appropriate insurance activities to the organisation referred to in paragraph 3 of this Article that has harmonized its organisation, operations, acts and guarantee reserve with this Law.

  • The First Lien Winddown Order also (a) provides for the extinguishment of the Creditors' Committee's Challenge Rights consistent with the agreements of the parties as further set forth in the DIP Lender Winddown Order; (b) extinguishes any First Lien Superpriority Claims; and (c) establishes certain funding arrangement with respect to the Creditors' Committee's litigation expenses in the Daimler Litigation.

  • Under the DIP Lender Winddown Order, the Creditors' Committee also confirms the waiver of its Challenge Rights as required by the First Lien Winddown Order.

  • Paragraph 24 of the Sale Order provides as follows: Challenge Rights with Respect to Assumed Secured Debts.

  • These technologies must then be implemented and integrated into real-life parallel simulation codes in order to address critical applications that are at the frontier of our know-how.

  • By the Challenge Litigation, the Creditors Committee assertscertain purported claims and causes of action based upon the Challenge Rights.

  • For the avoidance of doubt, the waiver or the Creditors' Committee's Challenge Rights in paragraph 7 above shall include its Challenge Rights (if any) with respect to the Company Cars.

  • This limited the right to strike scope by holding workers cannot make certain claims and made difficult the practical organisation of industrial action.

  • The DIP Lenders have valid, perfected, unavoidable, first priority security interests in and to the DIP Collateral (the " DIP Lender Security Interests") as and to the extent detailed in the DIP Financing Order, and but for the waiver of such Challenge Rights as set forth herein, the DIP Lender Security Interests would have included the proceeds (if any) of any Challenge Rights that could have been initiated.

Related to Challenge Rights

  • Exchange Rights means any rights granted to limited partners of Simon Property Group, L.P., a Delaware limited partnership (including pursuant to an Exchange Rights Agreement) to exchange (subject to the Ownership Limit) limited partnership interests in such Partnership for shares of Capital Stock or cash at the option of the Corporation.

  • Licensed IP Rights means, collectively, the Licensed Patent Rights and the Licensed Know-How Rights.

  • Company IP Rights means all Intellectual Property owned, licensed, or controlled by the Company or its Subsidiaries that is necessary for or used in the operation of the business of the Company and its Subsidiaries as presently conducted.

  • IP Rights has the meaning specified in Section 5.17.

  • Sui Generis Database Rights means rights other than copyright resulting from Directive 96/9/EC of the European Parliament and of the Council of 11 March 1996 on the legal protection of databases, as amended and/or succeeded, as well as other essentially equivalent rights anywhere in the world.

  • Challenge means to appeal a ruling of the Chair.

  • Exchange Right has the meaning provided in Section 8.05(a) hereof.

  • Intellectual Property Rights or IPR means copyright, rights related to or affording protection similar to copyright, rights in databases, patents and rights in inventions, semi-conductor topography rights, trade marks, rights in internet domain names and website addresses and other rights in trade or business names, designs, Know-How, trade secrets and other rights in Confidential Information; applications for registration, and the right to apply for registration, for any of the rights listed at (a) that are capable of being registered in any country or jurisdiction; and all other rights having equivalent or similar effect in any country or jurisdiction;

  • Infringement Action has the meaning set forth in Section 9.6(b).

  • Use Rights means the license terms and terms of service for each Product published on the Licensing Site and updated from time to time. The Use Rights supersede the terms of any end user license agreement that accompanies a Product. License terms for all Products are published in the Product Terms. Terms of service for Online Services are published in the Online Services Terms.

  • Step-In Rights means the right of one party to assume an intervening position to satisfy all terms of an agreement in the event the other party fails to perform its obligations under the agreement.

  • Trade Secret Rights means the rights of an Assignor in any Trade Secret it holds.

  • Dissent Rights means the rights of dissent in respect of the Arrangement described in the Plan of Arrangement;

  • Infringement Claim means a third party claim alleging that the Equipment manufactured by Motorola or the Motorola Software directly infringes a United States patent or copyright.

  • Default Rights has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

  • Company-Owned IP Rights means Company IP Rights that are or are purportedly owned or exclusively licensed to the Company or any Subsidiary; and “Company-Licensed IP Rights” means Company IP Rights that are not Company-Owned IP Rights.

  • infringement notice has the meaning set forth in Section 7.4.1;

  • Technology Rights means BOARD's rights in any technical information, know-how, processes, procedures, compositions, devices, methods, formulae, protocols, techniques, software, designs, drawings or data created by the inventor(s) listed in Exhibit I at UTMDACC before the EFFECTIVE DATE, which are not claimed in PATENT RIGHTS but that are necessary for practicing PATENT RIGHTS.

  • Foreground Intellectual Property means all Intellectual Property developed by either Party pursuant to this Agreement;

  • Assigned Patent Rights means all of the following, whether now owned or hereafter acquired or arising:

  • Licensed Patent Rights means:

  • Rights means, with respect to any Person, warrants, options, rights, convertible securities and other arrangements or commitments which obligate the Person to issue or dispose of any of its capital stock or other ownership interests.

  • Equity Rights means all arrangements, calls, commitments, Contracts, options, rights to subscribe to, scrip, understandings, warrants, or other binding obligations of any character whatsoever relating to, or securities or rights convertible into or exchangeable for, shares of the capital stock of a Person or by which a Person is or may be bound to issue additional shares of its capital stock or other Equity Rights.

  • Patent Rights means the rights and interests in and to issued patents and pending patent applications (which, for purposes of this Agreement, include certificates of invention, applications for certificates of invention and priority rights) in any country or region, including all provisional applications, substitutions, continuations, continuations-in-part, divisions, renewals, all letters patent granted thereon, and all reissues, re-examinations and extensions thereof, and all foreign counterparts of any of the foregoing.

  • Intellectual Property Rights (IPR) (11/18) means any patent rights, copyrights, trade secrets, trade names, service marks, trademarks, trade dress, moral rights, know-how and any other similar rights or intangible assets to which rights of ownership accrue, and all registrations, applications, disclosures, renewals, extensions, continuations, or reissues of the foregoing now or hereafter in force. “Key Personnel” (11/18) means the specific individuals identified in Section 3.11 to fill Key Positions.

  • Program Patent Rights means any Patent Rights that contain one or more claims that cover Program Inventions.