Receivership Cases definition
Examples of Receivership Cases in a sentence
However, if any borrower and/or guarantor has asserted a claim relating to a Loan for an amount in excess of the outstanding Loan balance ("Excess Claim") (it being understood and agreed that the amount in excess of the outstanding Loan balance is the "Excess Amount" with respect to "Excess Claims"), Seller shall defend including by asserting that borrower and/or guarantor must have timely filed a proof of claim in the Receivership Cases for such Excess Claims.
Seller has previously provided Buyer with copies of (i) all claims filed in the Receivership Cases in response to the Order Establishing Bar Date for Submitting Proofs of Claim against CCL entered on August 27, 2001 and a copy of such Order and (ii) the Order Authorizing Summary Claims Procedure entered by the Court in the Receivership Cases on February 16, 2001.