Litigation Reserves definition

Litigation Reserves means the amounts specified on Schedule 3.1.12 as such. The pending litigation and proceedings listed on Schedule 3.1.12 will not, if settled, decided, or otherwise resolved in favor of the opposing party or parties, result in any payment obligations of Dynamotion (including without limitation damages and attorneys' fees) greater, in the aggregate, than the Litigation Reserves.
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Litigation Reserves. Marketing One", "Marketing One Assets", "Noncurrent Loans", "Nonresidential Mortgages", "PLAC", "Pre-Closing Dividend", "Reorganization", "Residential Mortgages", "Section 338(h)(10) Election", "Sellers", "Servicer" and "UC" shall have the meanings assigned to those terms in the United Life Purchase Contract.
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Litigation Reserves means, with respect to UCAR, Global, the Borrower and the Subsidiaries on a consolidated basis at any date of determination, all reserves in respect of Litigation Liabilities which are or would be disclosed on a consolidated balance sheet of UCAR and its subsidiaries prepared in accordance with GAAP at such date of determination.
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Examples of Litigation Reserves in a sentence

  • The pending litigation and proceedings listed on Schedule 3.1.12 will not, if settled, decided, or otherwise resolved in favor of the opposing party or parties, result in any payment obligations of Dynamotion (including without limitation damages and attorneys' fees) greater, in the aggregate, than the Litigation Reserves.

  • For the purposes of this Section 3.1.12, the term "Litigation Reserves" means the amounts specified on Schedule 3.1.12 as such.

  • Equity Inns DMR survey plus remedies ----------------------------------------------------------------------------------------------------------------------- Litigation Reserves 1.

  • It is understood that all Litigation Payments and Litigation Reserves other than those of the Department of Justice will be calculated on a gross Dollar basis for purposes of determining the accuracy of this representation.


More Definitions of Litigation Reserves

Litigation Reserves means the amounts specified on Schedule 3.1.12
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Related to Litigation Reserves

  • Loss Reserve means, on any date, an amount equal to the Loss Percentage multiplied by the Net Receivables Balance as of the close of business of the Servicer on such date.

  • Inventory Reserves means such reserves as may be established from time to time by the Administrative Agent, in its reasonable commercial discretion exercised in good faith and not inconsistent with past practice, with respect to changes in the determination of the salability, of the Eligible Inventory (or Eligible In-Transit Inventory, as the case may be) or which reflect such other factors as negatively affect the market value of the Eligible Inventory, but without duplication of any Tax Stamp Reserves.

  • PDP Reserves means the Proven Reserves which are categorized as both “developed” and “producing” under the definitions for oil and gas reserves promulgated by the Society of Petroleum Evaluation Engineers (or any generally recognized successor) as in effect at the time in question and reasonably acceptable to the Administrative Agent.

  • Dilution Reserve means, as of any date of determination, an amount sufficient to reduce the advance rate against Eligible Accounts by the extent to which Dilution is in excess of 5%.

  • Availability Reserves means, without duplication of any other Reserves or items that are otherwise addressed or excluded through eligibility criteria, such reserves as the Agent from time to time determines in its discretion as being appropriate (a) to reflect the impediments to the Agent’s ability to realize upon the Collateral, (b) to reflect claims and liabilities that the Agent determines may need to be satisfied in connection with the realization upon the Collateral, (c) to reflect criteria, events, conditions, contingencies or risks which the Agent believes in good faith could adversely affect any component of the Borrowing Base, or the assets, business, financial performance or financial condition of any Loan Party, or (d) to reflect that a Default or an Event of Default then exists. Without limiting the generality of the foregoing, Availability Reserves may include, in the Agent’s discretion, (but are not limited to) reserves based on: (i) rent; (ii) customs duties, and other costs to release Inventory which is being imported into the United States; (iii) outstanding Taxes and other governmental charges, including, without limitation, ad valorem, real estate, personal property, sales, claims of the PBGC and other Taxes which may have priority over the interests of the Agent in the Collateral; (iv) salaries, wages and benefits due to employees of any Borrower, (v) Customer Credit Liabilities, (vi) customer deposits, (viii) reserves for reasonably anticipated changes in the Appraised Value of Eligible Inventory between appraisals, (viii) warehousemen’s or bailee’s charges and other Permitted Encumbrances which may have priority over the interests of the Agent in the Collateral, (ix) amounts due to vendors on account of consigned goods, (x) Cash Management Reserves, (xi) Bank Products Reserves and (xii) royalties payable in respect of licensed merchandise.