LTCI definition
Examples of LTCI in a sentence
The Litigation Facility shall liquidate all LTCI Claims (Classes 18 and 19) and any Assumed Third Party Claims related to such classes as soon as administratively practicable by tendering the defense thereof to (and enforcing the indemnity obligations of) the parties or parties obligated to indemnify the Litigation Facility (as Debtor’s assignee) for LTCI Claims under the applicable LTCI indemnities relating thereto.
The sole source of payment of the LTCI Claims shall be the LTCI Indemnities, and the Manager shall not use any assets contributed by Dow Corning under any other provision of this Agreement to pay any LTCI Claims.
The sole source of payment of LTCI Claims shall be the LTCI indemnities, and the Manager shall not use the Litigation Fund to pay any LTCI Claims.
LTFS, LTCI and LCMI (in the case of LCMI, based on the knowledge of Victor M.
LTCI Claims (Classes 18 and 19) and Assumed Third Party Claims related to such classes shall be resolved as provided in Section 6.04.
Dow Corning agrees, subject to the terms hereof, to grant, convey, sell, transfer, set-over and deliver to the Litigation Facility, without warranty or representation, all of Dow Corning's right, title and interest in and to the LTCI Indemnities as provided in the Plan pursuant to the Assignment of LTCI Indemnities (in form substantially the same as attached Exhibit "B") in full satisfaction and payment of the LTCI Claims.
In addition, LTFS shall be jointly responsible for and guarantee the obligations hereunder of LTCI and Ladenburg Capital Management Inc.
LTCI Claims (Classes 18 and 19) and any Assumed Third Party Claims related to such classes will be liquidated by tendering the defense thereof to (and enforcing the indemnity obligations of) the party or parties obligated to indemnify the Litigation Facility (as Debtor's assignee) for LTCI Claims under the applicable LTCI Indemnities relating thereto.
During the Term, the Executive shall be promptly reimbursed for all out-of-pocket expenses, including expenses for spouse and children (to the extent permitted under the terms of the plan), not reimbursed under the LTCI health insurance plan.
Effective as of January 1, 2004, the full base compensation for all services to be rendered by the Executive hereunder (including Executive's service as a LTFS director) that LTCI shall pay to the Executive (or to another company, employee , or other person or entity designated by Executive from time to time)shall be amended to a base salary (gross pretax) at a monthly rate of $3,750.00, in accordance with usual payroll practices for executives.