Examples of Indemnification Proceeds in a sentence
LOSS ADJUSTMENTS; APPLICATION OF CURRENT PERIOD DEAL MODIFICATION LOSS AMOUNT (a) Indemnification Proceeds.
Other unsecured creditors will receive distributions from the Insys Liquidation Trust, which will be comprised of the Debtors’ non-Products Liability Insurance Proceeds, and will include Preference and Indemnification Proceeds.
The trust will be funded by a $3,000,000 payment from the debtor to the product liability fund, as well as a Fully Funded Amount and Net Products Liability Indemnification Proceeds, both of which are described in detail below.
Manager may make weekly distributions based on reasonable estimates of ONOI, Sales Proceeds, the Issuer's share of Casualty Proceeds and Indemnification Proceeds, provided that any such estimates are reconciled based on actual data at the time of the Manager Report describing ONOI for any Collection Period.
When the Manager receives Indemnification Proceeds, the Manager shall retain for its own account such Indemnification Proceeds to the extent the Manager has not been reimbursed for the costs incurred by the Manager to which such Indemnification Proceeds apply, and shall, within seven (7) days after receipt, deposit the balance, if any, of such Indemnification Proceeds into the Owner Bank Account.