Litigation Liability definition

Litigation Liability means a Liability which involves any legal action for which the Trustee has received service of process.
Litigation Liability is defined in the definition of "Material Adverse Change".
Litigation Liability means any Loss which a member of the WH Group or GVC Group (as applicable) suffers, to the extent that it arises from any Litigation; and

Examples of Litigation Liability in a sentence

  • BRF also hereby agrees that it shall indemnify, defend and hold harmless the OLHS-NL Indemnified Parties (as defined in Section 9.5) from any and all Losses incurred or suffered by the OLHS-NL Indemnified Parties, directly or indirectly, as a result of Antitrust Litigation Liability, provided, however, that the foregoing indemnity shall only protect LSU or any personnel of LSU in their capacities as directors, trustees, officers, employees, agents and other representatives of OLHS-NL.

  • With respect to Litigation Liability Claims, if not paid directly to the Representative by the Indemnifying Founders, any such Representative Losses may be recovered by the Representative from the amounts in the Litigation Escrow Fund at such time as remaining amounts in the Litigation Escrow Fund would otherwise be distributable to the Indemnifying Founders.

  • A Litigation Claims Notice must (A) be signed by an officer of Parent, (B) describe the Litigation Liability Claim in reasonable detail and (C) indicate the amount of the Loss that has been or may be paid, suffered, sustained or accrued by the Indemnified Persons.

  • At any time that an Indemnified Person desires to claim a Loss that it believes is or may be indemnifiable under Section 7.9 (a “Litigation Liability Claim”), Parent will deliver a notice of such Litigation Liability Claim (a “Litigation Claims Notice”) to the Representative and the Escrow Agent.

  • All reasonable expenses, if any, incurred by the Representative in connection with the performance of his, her or its duties as the Representative in connection with Litigation Liability Claims will be borne and paid by the Indemnifying Founders according to their Unit Litigation Funding Percentage (the “Litigation Representative Expenses”).


More Definitions of Litigation Liability

Litigation Liability shall have the meaning ascribed to such term in Section 2.5(b) hereof.
Litigation Liability means such liability to either or both of Eastbrokers and Xxxxxx as results from any litigation during the Litigation Escrow Period with respect to Xxxxxx or the Members (or Former Xxxxxx Members, as the case may be) or the Special Members (or Former Special Members, as the case may be)that arises out of events or circumstances that occurred or existed either prior to the Acquisition or during the Litigation Escrow Period and attributable to the acts or omissions of any of the Former Xxxxxx Members; PROVIDED, HOWEVER, that in calculating the Litigation Liability, there shall be excluded (i) any liability in connection with any matter contemplated by Section 3.14 hereof which was not disclosed on Schedule 3.14 hereto, and (ii) any Indemnified Liability for which the Former Xxxxxx Members shall be responsible pursuant to Section 13.3 hereof. The amount of any Litigation Liability and the number of Returned Litigation Conversion Shares required to compensate for such Litigation Liability shall be determined as provided in Section 2.9 hereof.
Litigation Liability means the amount of any liability of the Borrower or any Subsidiary arising out of (and equal to the amount of) any Adverse Determination.

Related to Litigation Liability

  • Litigation Claims means the claims, rights of action, suits or proceedings, whether in law or in equity, whether known or unknown, that any Debtor or any Estate may hold against any Person or Entity, including, without limitation, the Causes of Action of the Debtors or their Estates, in each case solely to the extent of the Debtors’ or their Estates’ interest therein. A non-exclusive list of the Litigation Claims held by the Debtors as of the Effective Date will be Filed with the Plan Supplement, which will be deemed to include any derivative actions filed against any Debtor as of the Effective Date.

  • Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.

  • Contingent Liability means any agreement, undertaking or arrangement by which any Person guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, obligation or any other liability of any other Person (other than by endorsements of instruments in the course of collection), or guarantees the payment of dividends or other distributions upon the shares of any other Person. The amount of any Person’s obligation under any Contingent Liability shall (subject to any limitation set forth therein) be deemed to be the outstanding principal amount (or maximum outstanding principal amount, if larger) of the debt, obligation or other liability guaranteed thereby.

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Risk Participation Liability means, as to each Letter of Credit, all reimbursement obligations of Borrowers to the Issuing Lender with respect to an L/C Undertaking, consisting of (a) the amount available to be drawn or which may become available to be drawn, (b) all amounts that have been paid by the Issuing Lender to the Underlying Issuer to the extent not reimbursed by Borrowers, whether by the making of an Advance or otherwise, and (c) all accrued and unpaid interest, fees, and expenses payable with respect thereto.

  • Environmental Liabilities and Costs means all liabilities, monetary obligations, Remedial Actions, losses, damages, punitive damages, consequential damages, treble damages, costs and expenses (including all reasonable fees, disbursements and expenses of counsel, experts, or consultants, and costs of investigation and feasibility studies), fines, penalties, sanctions, and interest incurred as a result of any claim or demand by any Governmental Authority or any third party, and which relate to any Environmental Action.

  • Third Party Liability has the meaning ascribed thereto in Section 8.3.2;

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • UK Bail-in Liability means a liability in respect of which the UK Bail-in Powers may be exercised.

  • Unfunded Pension Liability means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Environmental Liabilities means all Liabilities relating to, arising out of or resulting from any Hazardous Materials, Environmental Law or contract or agreement relating to environmental, health or safety matters (including all removal, remediation or cleanup costs, investigatory costs, response costs, natural resources damages, property damages, personal injury damages, costs of compliance with any product take back requirements or with any settlement, judgment or other determination of Liability and indemnity, contribution or similar obligations) and all costs and expenses, interest, fines, penalties or other monetary sanctions in connection therewith.

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.

  • Hovercraft Liability This policy does not cover "hovercraft liability".

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Excluded Liability means any liability that is excluded under the Bail-In Legislation from the scope of any Bail-In Action including, without limitation, any liability excluded pursuant to Article 44 of the Bank Recovery and Resolution Directive.

  • Third Party Claims has the meaning set forth in Section 11.1.

  • Environmental Damages means all claims, judgments, damages, losses, penalties, fines, liabilities, encumbrances, liens, costs and expenses of investigation and defense of any claim, including, without limitation, attorney’s fees, that are incurred at any time as a result of the existence of Environmental Conditions upon, about or beneath the Project Site or migrating or threatening to migrate to or from the Site, and including, without limitation:

  • Retained Environmental Liabilities means all Environmental Liabilities of Seller or its Affiliates arising out of or relating to operations or activities that are not primarily related to the Business, whether arising or related to the period before or after Closing.

  • Unfunded Liability means the amount (if any) by which the present value of all vested and unvested accrued benefits under all Pension Plans exceeds the fair market value of all assets allocable to those benefits, all determined as of the then most recent valuation date for each Pension Plan, using PBGC actuarial assumptions for single employer plan terminations.

  • Environmental Liability means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

  • Personal liability means personal liability for a debt, liability, or other obligation of an organization which is imposed on a person that co-owns, has an interest in, or is a member of the organization:

  • Assumed Environmental Liabilities has the meaning specified in Section 7.4.

  • Liability Claim has the meaning set forth in Section 7.2(a).

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

  • Indemnification Claim has the meaning set forth in Section 12.3.