Chapter 5 Claims definition
Examples of Chapter 5 Claims in a sentence
The Nortel Releasors shall not assert any Chapter 5 Claims against Flextronics unless and until, after giving notice of material breach, such breach not timely cured, as set forth in the immediately preceding sentence.
Without limiting section 2(d) of this Settlement and Release Agreement, the Flextronics Released Claims shall not include any rights, causes of action, liabilities, remedies and claims or defenses of any kind or nature the Flextronics Releasors have, may have or could have against NNL or the Nortel Networks Health & Welfare Trust arising in connection with the Pension Claims or against any party with respect to Chapter 5 Claims.
In the event that a Chapter 5 Claim is asserted by one or more of the Nortel Releasors against Flextronics, the Parties agree that Flextronics shall be entitled to assert any defenses related to such Chapter 5 Claims provided for under the Bankruptcy Code or state law that Flextronics would have been able to assert if the Released Claims had not been released pursuant to this Settlement and Release Agreement.
Following the Closing Date, Purchaser acknowledges and agrees that it shall not pursue or transfer or threaten to pursue or transfer any Chapter 5 Claims, Rights and Causes of Action acquired by Purchaser in accordance with Section 2.1(k) hereof.