KPP Claims definition
KPP Claims has the meaning set forth in the Settlement Agreement.
KPP Claims means (a) the Unsecured Claim of the KPP against Kodak arising from the Guaranty Agreement, effective October 9, 2007 (as amended) among Kodak, the KPP Trustees Limited and Kodak Limited and (b) the unliquidated claims of KPP filed against each of the Debtors arising out of the power of the Pensions Regulator of the United Kingdom, under the Pensions Act of 2004, to issue a financial support direction under certain circumstances to any company connected with, or an associate of, a company which is an employer in relation to an occupational pension plan in the U.K.
KPP Claims means those certain claims filed by the KPP against the Debtors on or about July 16, 2012, with regard to the Debtors’ liability under the Pension Plan. For the avoidance of doubt, the KPP Claims include (i) that certain guaranty claim filed against Kodak in the principal amount of $2,837,000,000 in relation to the Guaranty, and (ii) those certain “financial support direction” and “contribution notice” claims in unliquidated amounts filed against each Debtor, which KPP Claims have been filed in the Bankruptcy Cases as claims numbered 4716, 4717, 4718, 4719, 4720, 4722, 4723, 4724, 4725, 4726, 4727, 4728, 4729, 4730, 4731, 4732 and 4733.
Examples of KPP Claims in a sentence
In further implementation of this release, on the Implementation Date, the KPP will forthwith withdraw, with prejudice, from the Bankruptcy Cases, the KPP Claims.