Claim Objection definition

Claim Objection has the meaning given to it in Section 8.4(b).

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Claim Objection means any objection, application, motion, complaint or any other legal proceeding seeking, in whole or in part, to disallow, determine, liquidate, classify, reclassify, or establish the priority, expunge, subordinate, or estimate any Claim (including the resolution of any request for payment of any Administrative Expense Claim).

Claim Objection means any objection to a Proof of Claim Filed by the Debtor or Committee (prior to the Effective Date) or the FKF Trustee (following the Effective Date).

Examples of Claim Objection in a sentence

• The Claim Objection shall set forth in reasonable detail the reasons for the objection to such claim and the portion of the Claimed Amount which is disputed.

• The Indemnifying Party may object to a claim for indemnification set forth in a Direct Claim Notice by delivering a notice to the Indemnified Party seeking indemnification within sixty (60) days of the delivery of the applicable Direct Claim Notice (the “Direct Claim Objection Deadline”), setting forth in reasonable detail the objections to the Direct Claim.

• If the Indemnifying Party notifies the applicable Indemnified Party that it objects by the Direct Claim Objection Deadline or fails to object by the Direct Claim Objection Deadline, the Indemnifying Party shall be deemed to have rejected such claim, in which case the Indemnified Party shall be free to pursue such remedies as may be available to the Indemnified Party on the terms and subject to the provisions of this Agreement.

• The Claim Objection Notice with respect to any Claim will specify in reasonable detail the basis for the Responding Party’s objection to such Claim.

• The Claim Objection Notice shall specify in reasonable detail the basis for the Responding Party’s objection to the Claim.

• If no such agreement can be reached after good faith negotiation within 30 days after the receipt of an Indemnification Claim Objection, the claim shall be resolved pursuant to Section 8.15.

• The Claim Objection shall set forth in reasonable detail the good faith reasons for the objection to such claim for indemnification, and the amount of any claimed Loss which is disputed.

• In the event that the Responding Party does not object to a Claim within the Claim Objection Period, (A) the Responding Party will be deemed to have accepted and agreed to the Claim set forth in the Claim Notice and (B) the Purchaser Indemnified Persons’ or Seller Indemnified Persons’ right to recovery in respect of such Claim will be effective as of the day following the expiration of the Claim Objection Period.

• If, within twenty (20) days after a Claim Notice is received by the Indemnifying Person, the Indemnifying Person does not deliver a Claim Objection to the Indemnified Person and, if applicable, the Escrow Agent, the Indemnifying Person shall be conclusively deemed to have consented on behalf of itself (and in case of Securityholders’ Representative, on behalf of all Company Securityholders), to the recovery by the Indemnified Person of the full amount of Damages specified in the Claim Notice.

• In the event that the Responding Party does not object to a Claim within the Claim Objection Period, (A) the Responding Party shall be deemed to have accepted and agreed to the Claim set forth in the Claim notice and shall be precluded from raising any objection thereto after the Claim Objection Period, and (B) if applicable, any forfeiture of Escrowed Cash pursuant to Section 10.1(c) shall be effective as of the day following the expiration of the Claim Objection Period.

More Definitions of Claim Objection

Claim Objection means any objection, application, motion, complaint or any other

Claim Objection means an objection to the allowance of a Claim as set forth in section 502 of the Bankruptcy Code, Bankruptcy Rule 3007, and/or any order of the Bankruptcy Court regarding omnibus claims objections.

Claim Objection has the meaning set forth in Section 10.7(a)(i).

Claim Objection means any right to object to, obtain the disallowance of, or obtain the subordination of a Claim pursuant to the Bankruptcy Code or applicable law.

Claim Objection means any right to object to, obtain the disallowance of, obtain

Claim Objection or "Interest Objection" means an objection to the allowance of a Claim or Interest made pursuant to Section 502 of the Bankruptcy Code.