Credit Suisse Claims definition

Credit Suisse Claims means any and all Claims held by Credit Suisse arising under the Existing Credit Suisse Credit Agreement, including, without limitation, all accrued and unpaid interest, fees, and expenses, and other obligations owed to Credit Suisse under the Existing Credit Suisse Credit Agreement, and any unsecured deficiency portion of such Claim.

Examples of Credit Suisse Claims in a sentence

• The Holders of Claims in Classes 3(1)-(3) and (61)-(67) (the DVB Syndicate Claims); Classes 4(1)-(60) (the BOA Syndicate Claims); Classes 5(1), (2), (68) and (69) (the Credit Suisse Claims); and Classes 6(1)-(3) and(70)-(73) (the AIG Claims) are Impaired by the Plan and have voted to accept the Plan in accordance with section 1126(c) of the Bankruptcy Code.

• Article IV of the Plan designates Classes 3(1)-(3) and (61)-(67) (the DVB Syndicate Claims);Classes 4(1)-(60) (the BOA Syndicate Claims); Classes 5(1), (2), (68) and (69) (the Credit Suisse Claims); Classes 6(1)-(3) and (70)-(73) (the AIG Claims); and Classes 11(1)-(3), as Impaired and specifies the treatment of Claims in such Classes.

• The Holders of Claims in Classes 3(1)-(3) and (61)-(67) (the DVB Syndicate Claims); Classes 4(1)-(60) (the BOA Syndicate Claims); Classes 5(1), (2), (68) and (69) (the Credit Suisse Claims); and Classes 6(1)-(3) and (70)-(73) (the AIG Claims) are Impaired by the Plan and have voted to accept the Plan in accordance with section 1126(c) of the Bankruptcy Code.

• Credit Suisse has entered into the Addendum solely because it considers it desirable that the Credit Suisse Claims be settled and released in order to, among other things, (i) avoid the substantial expense, inconvenience and distraction of the litigation of the Credit Suisse Claims, and (ii) avoid any possibility of a finding of liability, however remote, on the part of Credit Suisse with respect to the Credit Suisse Claims.

• On March 16, 2015, Plaintiffs, the Settling Defendants, and Credit Suisse entered into the formal Addendum setting forth the modifications to the Stipulation that would reflect the settlement of the Credit Suisse Claims.

• The settlement of the Credit Suisse Claims provides substantial immediate benefits to Freeport and its stockholders without the risk that continued litigation could result in obtaining similar or lesser relief for Freeport and its stockholders after continued extensive and expensive litigation, including trial and the appeals that would likely follow.

• None of the Credit Suisse Claims assert a claim amount; CS states it “may be owed various contingent and/or unliquidated sums on account of, but not limited to, claims related to any and all breaches by the Debtor of its obligations [as sub-agent].” See, e.g., Claim No. 333, Schedule Item 7 (emphasis added).

• The City of Portland will make an investigation as to the ability of the bidder to perform the work.

• The Other No Liability Claims consist of the following claims, each as defined and discussed below: (a) the Jill Superco Claims; (b) the Credit Suisse Claims; (c) the Cybroc/CCT Claims; (d) the City of New York Tax Claim; (e) the CBRE Claim; and (f) the Investor 51918 Claims.

• As consideration for the settlement of the Credit Suisse Claims, the Addendum provides for the following additions to the Settlement consideration: (a)$10 million in cash (the “Credit Suisse Payment”) shall be paid to Freeport by Credit Suisse.