Holdings Settlement Agreement definition

Holdings Settlement Agreement means that certain Settlement Agreement and Plan Term Sheet, made and entered into as of March 14, 2003, by and among Holdings, KLT Inc., KLT Telecom Inc., Great Plains Energy Incorporated, Kansas City Power & Light Company, Oaktree Capital Management, LLC, The Bank of New York as Indenture Trustee, First Plaza Contrarian Capital Advisors and Pacholder Associates, Inc., a copy of which is attached as Exhibit 2 hereto and incorporated herein by reference.
Sample 1

Examples of Holdings Settlement Agreement in a sentence

  • The Holdings Settlement Agreement resolves all material issues and disputes that may exist among the parties to that agreement.

  • The Holdings Settlement Agreement provides, among other things, for the payment by KLT Telecom to the Holdings bankruptcy estate of approximately $13.8 million from the distribution that KLT Telecom will receive under the Teleport Settlement Agreement.

  • The Teleport Settlement Agreement and the Holdings Settlement Agreement provide that all claims and possible causes of action against KLT Telecom, KLT Inc., Great Plains Energy, KCP&L and all other entities currently or previously a member of the Great Plains Energy or KCP&L consolidated tax group are released by the other parties to those two agreements.

  • On the Effective Date, and at the direction and request of KLT as set forth in the Holdings Settlement Agreement, Teleport shall pay to Holdings the Additional Sum, the remaining balance of which, after payment in full of Allowed Holdings Priority or Administrative Claims, shall be promptly paid to holders of Allowed Class 8B General Unsecured Claims.

  • Allowed Class 8A Senior Discount Noteholder Claims will receive their Pro Rata share of the Noteholders' Payment after payment of items set forth in Section 2(a) of the Holdings Settlement Agreement, to be funded at Closing or at its sole election, provided by KLT pursuant to Paragraph 3 of the Holdings Settlement Agreement.

  • In the Holdings bankruptcy case, KLT Telecom, KLT Inc., Great Plains Energy, KCP&L, Holdings, The Bank of New York (as trustee of an indenture, as amended, relating to the senior discount notes issued by Holdings) (Trustee) and three principal noteholders of Holdings (the Noteholders) entered into aSettlement Agreement and Plan Term Sheet as of March 14, 2003 (Holdings Settlement Agreement).

  • In addition to the treatment of its Claims as set forth in the Plan, KLT has agreed to the establishment and funding of the Teleport Payment, at Closing or pursuant to Section 3 of the Holdings Settlement Agreement by KLT directly at its sole option, to fund distributions to creditors of Holdings as set forth in Section 7.2 of this Plan.

  • Whenever possible, each provision of this Holdings Settlement Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Holdings Settlement Agreement is held to be prohibited by or invalid under applicable law, such provision will be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Holdings Settlement Agreement.

  • Within 1 business day of the Effective Date, and as previously directed and requested by KLT in the Holdings Settlement Agreement, Teleport shall pay to Holdings the Teleport Payment and Holdings shall immediately pay the Noteholders' Payment to the Indenture Trustee to be distributed by the Indenture Trustee to the Senior Discount Noteholders and to pay certain expenses in accordance with the Indenture and Sections 7.2 and 8.12 of the Plan.

  • Private club or lodge: one parking space for each two hundred (200) square feet of service area.

Related to Holdings Settlement Agreement

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • Structured settlement agreement means the agreement, judgment, stipulation, or release embodying the terms of a structured settlement.

  • Settlement Agreements means any settlement reached in the U.S. Litigation with any of the Settling Defendants.

  • Energy Settlement Area means the bus or distribution of busses that represents the physical location of Network Load and by which the obligations of the Network Customer to PJM are settled. Energy Storage Resource:

  • Viatical settlement contract or “contract” means a written agreement entered into between a provider and a viator in which the provider will pay consideration that is less than the expected death benefit of the viator's policy in return for the viator's assignment, transfer, sale, devise, or bequest of the death benefit or ownership of the policy to the provider.

  • Viatical settlement broker means a person, including a life insurance producer as provided for in section 508E.3, who, working exclusively on behalf of a viator and for a fee, commission, or other valuable consideration, offers or attempts to negotiate viatical settlement contracts between a viator and one or more viatical settlement providers or one or more viatical settlement brokers. Notwithstanding the manner in which the viatical settlement broker is compensated, a viatical settlement broker is deemed to represent only the viator, and not the insurer or the viatical settlement provider, and owes a fiduciary duty to the viator to act according to the viator’s instructions and in the best interest of the viator. “Viatical settlement broker” does not include an attorney, certified public accountant, or a financial planner accredited by a nationally recognized accreditation agency who is retained to represent the viator and whose compensation is not paid directly or indirectly by the viatical settlement provider or purchaser.

  • New Management Agreement means the management agreement to be entered into between Buyer and the Manager for the operation and management of the Hotel on and after the Closing Date.

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.

  • Put Agreement means an agreement dated as of August 13, 2008, as amended, among the Company, OT LLC and Rio Tinto Alcan.

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Existing Management Agreement means that certain management agreement between the Seller and the Existing Manager for the operation and management of the Hotel.

  • Placement Agreement means the Placement Agreement relating to the offering and sale of Capital Securities in the form of Exhibit C.

  • Replacement Management Agreement means, collectively, (a) either (i) a management agreement with a Qualified Manager substantially in the same form and substance as the Management Agreement, or (ii) a management agreement with a Qualified Manager, which management agreement shall be reasonably acceptable to Lender in form and substance, provided, with respect to this subclause (ii), Lender, at its option, may require that Borrower shall have obtained prior written confirmation from the applicable Rating Agencies that such management agreement will not cause a downgrade, withdrawal or qualification of the then current rating of the Securities or any class thereof and (b) an assignment of management agreement and subordination of management fees substantially in the form then used by Lender (or of such other form and substance reasonably acceptable to Lender), executed and delivered to Lender by Borrower and such Qualified Manager at Borrower’s expense.

  • Transaction Agreement has the meaning set forth in the recitals.

  • Investment Management Agreement means the Investment Management Agreement, dated as of the date hereof, by and between the Investment Manager and the Borrower.

  • Backstop Agreement has the meaning set forth in the recitals to this Agreement.

  • Net Share Settlement Amount: For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Viatical settlement provider means a person, other than a viator, who enters into or effectuates a viatical settlement contract. Viatical settlement provider does not include:

  • Investment Agreement shall have the meaning set forth in the Recitals hereto.

  • Private Placement Agreement has the meaning set forth in Annex A hereto.

  • Replacement Agreement means an agreement entered into as a replacement for any Relevant Agreement;

  • Restructuring Agreement shall have the meaning set forth in the recitals.

  • Redemption Agreement has the meaning set forth in the Recitals.

  • Netting agreement means a netting agreement, master netting agreement or other similar document having the same effect as a netting agreement or master netting agreement and, as applicable, any collateral annex, security agreement or other similar document related to any master netting agreement or Permitted Contract.

  • Share Settlement means a number of shares of Class A Common Stock (together with any Corresponding Rights) equal to the number of Redeemed Units.

  • Gross Settlement Amount means Two Hundred Forty Thousand Dollars and Zero Cents ($240,000.00) which is the total amount Defendant agrees to pay under the Settlement. The Gross Settlement Amount will be used to pay Individual Settlement Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, Class Representative Service Payment, and the Administration Expenses.