MI Action definition

MI Action means the rescission, cancellation or denial of MI Coverage by an MI Company with respect to a Settlement Mortgage (which MI Coverage was required pursuant to the Purchase Documents).
Sample 1

Examples of MI Action in a sentence

  • However, based on jurisdictional rulings from each of this Court, the U.S. District Court, and the U.S. Bankruptcy Court, it was determined that the U.S. Bankruptcy Court would have, at least initially, jurisdiction to consider the merits of the M-I Action claims.

  • However, after filing the First Report, and in consultation with the Lenders, the Receiver determined that the resolution of the M-I Action, even on an expedited basis, would require an investment of time and money that the Receivership Entities (and the ongoing sales processes) could not afford.

  • Small pasteboard or cigar boxes will serve to keep the collections.

  • As discussed in the First Report, shortly after the Receiver’s appointment, the Receiver became aware of the M-I Action (which is an action in the U.S. District Court in which QSI is named as a defendant).

  • At the time of the Receiver’s appointment, QSI was named as a Defendant in the M-I Action, which had been commenced in April, 2018.

  • Accordingly, the Receiver determined that it was not in the best interests of the estates of the Receivership Entities to incur further costs to pursue resolution of the M-I Action through U.S.-based litigation.

  • For the reasons described in more detail in the First Report, in August 2020 the Receiver determined that it was necessary to seek recognition in respect of QSI pursuant to chapter 15 of the U.S. Bankruptcy Code in order to, among other things, have the stay in the Receivership Proceedings enforced in the United States in respect of the M-I Action.

  • Following the Receiver’s decision not to pursue resolution of the M-I Action through the U.S. courts, M-I and the Receiver (as well as the U.S. Trustee for QAI) engaged in extensive and lengthy discussions about the consensual resolution of the M-I Action, which would permit the termination of the Chapter 15 Proceedings.

  • In the M-I Action, M-I alleged that a former employee named Sanjit Roy (a co-defendant in the M-I Action, and a former 20-year employee of M-I) misappropriated proprietary information when he left M-I’s employ, and then used that proprietary information to develop MAXSITE after he become a Q’Max Group employee.

  • Moreover, apart from the significant costs which would have been associated with resolving the M-I Action, the Receiver concluded that it was possible that even with a successful outcome in the M-I Action, the resulting delay could, in and of itself, impede the Receiver’s ability to complete going-concern sales.

Related to MI Action

  • Quebec Action means the Quebec Action as defined in Schedule A.

  • Action shall have the meaning ascribed to such term in Section 3.1(j).

  • resolution action means the decision to place an institution or entity referred to in point (b), (c) or (d) of Article 1(1) under resolution pursuant to Article 32 or 33, the application of a resolution tool, or the exercise of one or more resolution powers;

  • Adverse action means a home or remote state action.

  • Tax Action means any claim, action, suit, complaint, arbitration, audit, investigation, review, assessment, notice of deficiency or other proceeding relating to any Tax or Return by or before any Tax Authority.

  • Legal Action means and includes any claim, counterclaim, demand, action, suit, counterclaim, arbitration, inquiry, proceeding or investigation before any

  • Class Action means a legal action:

  • Regulatory Action means an administrative, regulatory, or judicial enforcement action, proceeding, investigation or inspection, FDA Form 483 notice of inspectional observation, warning letter, untitled letter, other notice of violation letter, recall, seizure, Section 305 notice or other similar written communication, injunction or consent decree, issued by the FDA or a federal or state court.

  • Response Action means the investigation, cleanup, removal, remediation, containment, control, abatement, monitoring of or any other response action to the presence of Regulated Substances or Contamination in, on, at, under or emanating from the Stadium Site, including the correction or abatement of any violation required pursuant to Environmental Laws or by a Governmental Authority.

  • Third Party Action means any suit or proceeding by a person or entity other than a Party for which indemnification may be sought by a Party under Article VI.

  • Infringement Action has the meaning set forth in Section 9.6(b).

  • Class Action Waiver BY ENTERING INTO THIS CONTRACT, YOU ARE GIVING UP YOUR RIGHT TO ARBITRATE OR LITIGATE IN COURT ANY DISPUTE OR CLAIM AS A CLASS ACTION OR COLLECTIVE ACTION, EITHER AS A CLASS REPRESENTATIVE OR MEMBER OR COLLECTIVE ACTION PARTICIPANT. YOU FURTHER AGREE THAT YOUR RIGHTS AS A CONSUMER UNDER THE CCPA ARE NEITHER WAIVED NOR IMPAIRED BY VIRTUE OF PROCEEDING IN A NON-CLASS, NON-CONSOLIDATED AND NON-JOINT ARBITRATION AUTHORIZED UNDER THIS AGREEMENT, NOR SHALL PROCEEDING IN A NON-CLASS, NON-COLLECTIVE OR NON-CONSOLIDATED AND NON-JOINT ARBITRATION BE DEEMED OR DETERMINED TO CONSTITUTE A WAIVER OR IMPAIRMENT OF YOUR RIGHTS. IN THE EVENT AN ARBITRATOR DEEMS THIS CLASS ACTION WAIVER INVALID, THEN THE ARBITRATION PROVISION ABOVE SHALL BE NULL AND VOID. Waiver of Right to Trial by Jury: IN ARBITRATION, EACH PARTY EXPRESSLY AND IRREVOCABLY WAIVES THEIR RIGHT TO A TRIAL BY JURY OF ANY DISPUTE OR CLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT, INCLUDING CLAIMS ARISING UNDER THE CALIFORNIA CONSUMER PRIVACY ACT OR ANY OTHER FEDERAL OR STATE LAWS. Force Majeure, Uncontrollable Circumstances: XOOM will not be responsible for supplying gas in the event of circumstances beyond its control such as events of Force Majeure, including but not limited to, acts of terrorism, sabotage, or acts of God. XOOM may cancel this Agreement if there is any change in regulation, law, pricing structure, tariff, or change in procedure required by a third party that results in XOOM being prevented, prohibited, or frustrated from carrying out the terms of this Agreement.

  • Disciplinary Action means any action that can be taken on the completion of / during the investigation proceedings including but not limiting to a warning, imposition of fine, suspension from official duties or any such action as is deemed to be fit considering the gravity of the matter.

  • Tort action means a civil action for damages for injury, death, or loss to person or property other than a civil action for damages for a breach of contract or another agreement between persons or government entities.

  • Lawsuit means any lawsuit, arbitration or other dispute resolution filed by either party herein pertaining to any of this Warrant, the Facility Agreement and the Registration Rights Agreement.

  • Transaction Litigation has the meaning set forth in Section 5.2(d).

  • Enforcement Action means any action of any kind to:

  • Direct Action has the meaning set forth in Section 2.8(d).

  • Complaint Investigation means an investigation of any complaint that has been made to a proper authority that is not covered by an abuse investigation.

  • Ontario Action means the Ontario Action as defined in Schedule A.

  • third party proceeding means any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative, or investigative, other than an action by or in the right of the corporation.

  • Environmental Action means any action, suit, demand, demand letter, claim, notice of non-compliance or violation, notice of liability or potential liability, investigation, proceeding, consent order or consent agreement relating in any way to any Environmental Law, Environmental Permit or Hazardous Materials or arising from alleged injury or threat of injury to health, safety or the environment, including, without limitation, (a) by any governmental or regulatory authority for enforcement, cleanup, removal, response, remedial or other actions or damages and (b) by any governmental or regulatory authority or any third party for damages, contribution, indemnification, cost recovery, compensation or injunctive relief.

  • Notified Action shall have the meaning set forth in Section 7.04(a) of this Agreement.

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

  • Specified Action has the meaning set forth in Section 3.4.2.

  • Derivative Action means any Action brought by or in the right of the Corporation and/or an Affiliate.