Claim or Demand definition
Examples of Claim or Demand in a sentence
Each Unsecured Asbestos Personal Injury Claim, Demand and Unknown Asbestos Claim will be paid on account of the unpaid Liquidated Value of such Claim or Demand as is determined pursuant to the Plan Trust Agreement and the TDP.
In entering into this Agreement, no Party has waived nor shall be deemed to have waived, modified, or retracted any rights, obligations, privileges, or positions it has asserted or might in the future assert in connection with any Claim or Demand, matter, bankruptcy procedure or process, insurance policy, or Entity outside the scope of this Agreement.
Each Unsecured Asbestos Personal Injury Claim, future Demand and Unknown Asbestos Claim shall be paid on account of the unpaid Liquidated Value of such Claim or Demand such portion thereof as is determined pursuant to the Plan Trust Agreement and the TDP.
The indemnification by Merchant in favor of PayFacto and PTC shall extend to and shall include all legal cost and fees incurred by PayFacto and PTC in connection with any such Suit, Action, Claim or Demand.
No Individual Trustee, Delaware Trustee, officer, employee, or agent of the Trust shall be liable to the Trust, to any person holding an Asbestos Bodily Injury Claim or Demand or Asbestos Property Damage Claim, or to any other Person except for such Trustee's, officer's, employee's or agent's own breach of trust committed in bad faith, gross negligence, or for willful misappropriation.
Notwithstanding any state law to the contrary, the Bankruptcy Court shall have exclusive jurisdiction over the activities of the Trustee, whether an accounting or other report is rendered by the Trustee himself or an accounting is sought by any person holding an Asbestos Bodily Injury Claim or Demand, or Asbestos Property Damage Claim or Demand, or other person.
Upon the acceptance of any such report by the Court after hearing on notice to Rock Wool, the TAC and such other parties as the Court shall designate, the Trustee shall be discharged from any further liability or responsibility to any person holding a Claim or Demand, or other Person, as to all matters embraced in such account, and to the Trust.