Unsettled Present Claims definition
Unsettled Present Claims shall include claims of individuals for asbestos- related personal injuries brought against the Company in lawsuits filed prior to the time after which claims are in fact included within the Global Settlement (and which are not Presently Settled Claims). "Presently Settled Claims" shall include claims of individuals for asbestos-related personal injuries that do not fall within the class of claims covered by the Global Settlement and that as of August 23, 1993 had been settled.
Examples of Unsettled Present Claims in a sentence
Both parties recognize the Company's obligations on the Interim Committee pursuant to Article 7 of the Global Settlement Agreement and subsequent court orders to resolve Interim Claims and to resolve Unsettled Present Claims and Presently Settled Claims (as defined in the Asbestos Agreements) in accordance with applicable law.