Litigation Adjustment definition

Litigation Adjustment means the amount of any one-time settlement, award, judgment or order paid or payable by or against the Borrower and/or Ocular Sciences Limited, a wholly-owned Subsidiary of the Borrower, in an amount not to exceed $5,000,000 in the aggregate (including accrued royalties of $1,104,000) which fully discharges the Galley Litigation.
Sample 1
Litigation Adjustment is the adjusted component distributed to Litigating Local Governments in recognition of the commitment of time, resources, and assumption of risk in litigation.
Sample 1
Litigation Adjustment means $500,000, less up to $50,000 in costs or expenses paid or accrued (or incurred) but unpaid by the Company after the date hereof in defending the Scheduled Litigation and set forth on the Company Closing Expenses Schedule, provided, that the expense deduction from the adjustment may be increased from time to time with the written consent of Parent prior to expenses being incurred, such consent not to be unreasonably withheld.
Sample 1

Examples of Litigation Adjustment in a sentence

  • The child welfare professional will establish Conditions for Return when impending danger is established and he/she has completed the safety analysis.

  • He did not accept the local authority suggestion that the father’s actions might be seen as abusive saying only that he would advise caution where father was acting as puppeteer because of the risk of dropping her rather than anything that appeared inherently dangerous.

  • Trademarks Description Serial Number Registration Number Notes on Ownership TRIBUTE PHARMACEUTICALS 86/006,574 (07/10/2013) Owner TRIBUTE PHARMACEUTICALS CANADA, INC.

  • Force majeure shall include acts of God, war, riots, strikes, fire, floods, epidemics, or other similar occurrences.Exceptions: Except for payment of sums due, neither party shall be liable to the other or deemed in breach under this Contract if, and to the extent that, such party's performance of this Contract is prevented by reason of force majeure.Notification: If either party is delayed by force majeure, said party shall provide written notification within forty-eight (48) hours.

  • As a result, we were invited to find that the cost/benefit analysis that we are required to consider as part of our assessment under Rule 79(2) was not adequately met.

  • An additional 5.165% of the present value of the future annuity payments (the "Litigation Adjustment") has also been included in the Total Agreed Amounts for those Retiree Claims involving future annuity payments, to represent the compromise, based on the potential cost and outcome of litigating the differences between the discount rates and mortality tables used by the Debtors and those used by the Retiree Claimants.

  • With respect to claims that are similar in nature to the Retiree Claims but not a part of the Retiree Claimants Settlement Agreement ("Similar Claims"), the Debtors intend to liquidate such Similar Claims consistent with the formulas and principles applicable to the Retiree Claims under the Retiree Claimants Settlement Agreement, including the Annuity Formula, the Allowed 2008 Deferred Compensation Interest, and the Litigation Adjustment.

  • Each Loan Party has good and merchantable title to, or valid leasehold interest in, as of the date of each of its financial statements delivered hereunder, all of its material assets reflected therein and all assets and properties acquired since the date of such financial statements, free and clear of all Liens except Liens permitted under Section 5.3(a) (it being understood that the Galley Litigation and the Litigation Adjustment shall not be deemed a breach of this representation).

Related to Litigation Adjustment

  • Dilution Adjustment means any fraction or number by which the Exchange Rate shall be multiplied pursuant to Section 6.1(a), (b), (c) or (d).

  • Inflation adjustment means that term as defined in the master settlement agreement.

  • Capitalization Adjustment means any change that is made in, or other events that occur with respect to, the Common Stock subject to the Plan or subject to any Purchase Right after the date the Plan is adopted by the Board without the receipt of consideration by the Company through merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend, dividend in property other than cash, large nonrecurring cash dividend, stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or other similar equity restructuring transaction, as that term is used in Financial Accounting Standards Board Accounting Standards Codification Topic 718 (or any successor thereto). Notwithstanding the foregoing, the conversion of any convertible securities of the Company will not be treated as a Capitalization Adjustment.

  • Substitution Adjustment As defined in Section 2.03(d) hereof.

  • Substitution Adjustment Amount As defined in Section 2.03.

  • Buy In Adjustment Amount shall have the meaning specified in Section 6.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Related Adjustment means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

  • Final Adjustment has the meaning set forth in Section 10.3.B(2) hereof.

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • Adjustment means each form of adjustment to consideration provided for in this clause.The parties acknowledge that the consideration under this Contract is inclusive of GST, where GST is calculated using the GST rate at the time of forming this Contract.The Contractor shall provide the Recipient with a Tax Invoice and/or adjustment notes in relation to the supply prior to an amount being paid by the Recipient under this Contract, and shall do all things reasonably necessary to assist the Recipient to enable it to claim and obtain any Input Tax Credit available to it in respect of a Supply.Where the GST rate is changed after the date of formation of this Contract the consideration under this Contract will be increased or decreased so that the consideration remains inclusive of GST, with GST calculated using the new GST Rate from the date of the change of the GST Rate that applies at the date of formation of this Contract. PrivacyFor the purposes of this Clause unless the context otherwise requires:

  • Applicable Share Limit means a number of Shares equal to (A) the minimum number of Shares that could give rise to reporting or registration obligations or other requirements (including obtaining prior approval from any person or entity) of a Dealer Person, or could result in an adverse effect on a Dealer Person, under any Applicable Restriction, as determined by Dealer in its reasonable discretion, minus (B) 1% of the number of Shares outstanding.

  • Litigation means any action, suit or proceeding before any court, mediator, arbitrator or Governmental Authority.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • No Adjustment means that the relevant date shall not be adjusted in accordance with any Business Day Convention;

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • SOFR Adjustment means 0.10% (10 basis points) per annum.

  • Informal adjustment means an agreement reached among the parties, with consultation, but not the consent, of the victim of the crime or other persons specified in KRS 610.070 if the victim chooses not to or is unable to participate, after a petition has been filed, which is approved by the court, that the best interest of the child would be served without formal adjudication and disposition;

  • Credit Adjustment shall have the meaning specified in Section 3.02.

  • Modified adjusted gross income means “federal adjusted gross income”:

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.

  • Change in Capitalization means any increase or reduction in the number of Shares, or any change (including, but not limited to, in the case of a spin-off, dividend or other distribution in respect of Shares, a change in value) in the Shares or exchange of Shares for a different number or kind of shares or other securities of the Company or another corporation, by reason of a reclassification, recapitalization, merger, consolidation, reorganization, spin-off, split-up, issuance of warrants or rights or debentures, stock dividend, stock split or reverse stock split, cash dividend, property dividend, combination or exchange of shares, repurchase of shares, change in corporate structure or otherwise.