Litigation Credit definition

Litigation Credit means a credit towards the Purchase Price in the amount of Five Million Dollars ($5,000,000.00).
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Examples of Litigation Credit in a sentence

  • To avoid duplication, the Deal Litigation Credit shall be reduced to the extent of any Deal Litigation Costs paid prior to Closing or any liabilities that constitute Deal Litigation Costs that are incurred prior to Closing only to the extent such Deal Litigation Costs are reflected in the calculation of Net Cash, and all to the extent reasonably agreed to by the Company.

Related to Litigation Credit

  • pension credit ; means the means-tested Guarantee or Savings Credit administered by the Department for Work and Pensions under the State Pension Credit Regulations 2002;

  • Pre-Petition Credit Agreement has the meaning assigned to such term in the Recitals.

  • Company Credit Facility means the Amended and Restated Credit Agreement dated July 31, 2002, as amended on January 23, 2004, June 1, 2004 and June 23, 2004, among Masonite Holdings, Inc., the Company, the lenders party thereto and SunTrust Bank, as Administrative Agent;

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Earned credit means the amount of the bid incentive allocated to a contractor upon completion of a contract in which the contractor met or exceeded his or her goals for the utilization of BEPDs in the performance of the contract.