Compromise and Settlement definition

Compromise and Settlement means the Settlement Agreement and Release executed by Balanced Care, Ocwen, Seller, Licensee, Senior Care Operators of Ohio, LLC, and Senior Care Operators of Centerville, LLC, as of the Closing Date, to settle the claims arising out of the Lawsuit.
Sample 1

Examples of Compromise and Settlement in a sentence

  • The balance between the likelihood of the Debtors’ success on the merits after lengthy and costly litigation when compared to the concrete and tangible benefit of the Compromise and Settlement weighs in favor of approval of the Compromise and Settlement.

  • Approval of the Compromise and Settlement, including the Yieldco Compromises and Settlements and the Potential Avoidance Claims Allocations, is (i) fair and equitable, (ii) in the best interests of the estate, and (iii) falls within the reasonable range of litigation possibilities.

  • Search and the Stockholders have agreed to resolve such disputes and lawsuits as more fully set forth in that certain Compromise and Settlement Agreement dated November ___, 1996 ("Settlement Agreement") by and among Search and the Stockholders.

  • Compromise and Settlement of Claims, Interests, and Controversies.

  • Except as otherwise explicitly provided in this Plan, as of the Effective Date, the property of each Debtors’ Estate, if any, shall revest in the applicable Liquidating Debtor or the Litigation Trust (solely with respect to Causes of Action and Avoidance Actions transferred to the Litigation Trust), as applicable, and shall be free and clear of all Claims, Liens, charges, encumbrances, rights, and Interests.Section 9.02 Reserved.Section 9.03 Compromise and Settlement.

  • The capitalized terms and words employed herein shall have the same meaning as they have in the Stipulation and Agreement of Compromise and Settlement, dated April 2, 2011 (the “Stipulation”) (certain of which are repeated herein for ease of reference only).

  • The Compromise and Settlement and all other provisions embodied in the Plan shall not have been modified, altered or changed in any respect.

  • Effective July 26, 1997, the Company entered into a Compromise and Settlement Agreement (the "Settlement Agreement") with Airgas and its affiliates, the other defendants, and certain other parties.

  • Solely for the limited purpose of Plan voting and the administrative convenience of identifying and making Distributions under the Plan and as part of the Compromise and Settlement, all liabilities of the Debtors shall be pooled and aggregated and holders of Allowed Claims shall share in all Assets of the Debtors as provided in the Plan.

  • The Plan incorporates the terms of the Stipulation of Compromise and Settlement of Status and Treatment of KeyCorp Leasing, dated August 1, 2000 and "so ordered" by the Bankruptcy Court on September 12, 2000 (the "KeyCorp Stipulation").

Related to Compromise and Settlement

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Settlement means the settlement set forth in this Agreement.

  • Combination Settlement shall have the meaning specified in Section 14.02(a).

  • Share Settlement means a number of shares of Class A Common Stock equal to the number of Redeemed Units.

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Structured settlement means an arrangement for periodic payment of damages for personal injuries established by settlement or judgment in resolution of a tort claim or for periodic payments in settlement of a workers’ compensation claim.

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998 by the state and leading United States tobacco product manufacturers;

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Settlement Hearing means the hearing set by the Court under Rule 23(e)(2) of the Federal Rules of Civil Procedure to consider final approval of the Settlement.

  • ASTC Settlement Rules means the operating rules of ASTC and, to the extent that they are applicable, the operating rules of ASX and the operating rules of the Australian Clearing House Pty Limited;

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • settlement system means any infrastructure whether or not connected to the auction platform that can provide settlement services, which may include clearing, netting, management of collateral, or any other services, which ultimately enable the delivery of allowances on behalf of an auctioneer to a successful bidder or its successor in title, and the payment of the sum due by a successful bidder or its successor in title to an auctioneer, carried out through either of the following:

  • securities settlement system means a securities settlement system (as defined in the CSD Regulation) operated by a central securities depository;

  • Compromise means disclosure of information to unauthorized persons, or a violation of the security policy of a system, in which unauthorized intentional or unintentional disclosure, modification, destruction, or loss of an object, or the copying of information to unauthorized media may have occurred.

  • ASX Settlement Operating Rules means the rules of ASX Settlement Pty Ltd which apply while the Company is an issuer of CHESS approved securities;

  • Net Share Settlement means the settlement method pursuant to which an exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, a number of shares of Common Stock equal to the Net Share Amount without any payment therefor.

  • Notice of Settlement means the form attached hereto as Exhibit A.

  • Settlement Fairness Hearing means the hearing set by the Court under Rule 23(e)(2) of the Federal Rules of Civil Procedure to consider final approval of the Settlement.

  • Settlement Class means, in respect of each Proceeding, the settlement class defined in Schedule A.