Litigation Fund definition

Litigation Fund means the fund in the initial amount of $30 million held by Reorganized Garrison for payment of Litigation Option Expenditures associated with Litigation Option Claims (or the completion of appeals for Pre-Petition Judgment GST Asbestos Claims) in excess of the CRP Value for such Claims, as well as Litigation Management Fees.
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Litigation Fund means the fund held by Reorganized Garrison for payment of Litigation Option Expenditures associated with Litigation Option Claims (or the completion of appeals for Pre-Petition Judgment GST Asbestos Claims) in excess of the CRP Value for such Claims, in the initial amount of $5 million in Cash and the Litigation Fund Note with a value of $25 million net present value secured by insurance receivables.
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Litigation Fund means those funds in the aggregate amount of $3 million of the New
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Examples of Litigation Fund in a sentence

  • Of the funding committed by Dow Corning, the sum of up to $400 million (Net Present Value as of the Effective Date) will be designated as the "LITIGATION FUND" and made available for payment of certain Claims, as specified in the Settlement Facility Agreement, including the Allowed Non-Settling Personal Injury Claims, Allowed Class 12 Claims, Allowed Assumed Third Party Claims and the expenses of the operation of the Litigation Facility, including the legal costs of defense of Claims against the Facility.


More Definitions of Litigation Fund

Litigation Fund means those funds in the aggregate amount of $3 million of the New Value Contribution set aside for the prosecution of the Litigation Trust Causes of Action.
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Litigation Fund means the segregated account containing $500,000 to be used to pursue Postconfir- mation Litigation.
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Litigation Fund shall have the meaning as set forth in Section 2.4(d).
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Related to Litigation Fund

  • Litigation Trust means the trust to be established on the Plan Implementation Date at the time specified in section 6.4(p) in accordance with the Litigation Trust Agreement pursuant to the laws of a jurisdiction that is acceptable to SFC and the Initial Consenting Noteholders, which trust will acquire the Litigation Trust Claims and will be funded with the Litigation Funding Amount in accordance with the Plan and the Litigation Trust Agreement.

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

  • Litigation Claims means the claims, rights of action, suits or proceedings, whether in law or in equity, whether known or unknown, that any Debtor or any Estate may hold against any Person or Entity, including, without limitation, the Causes of Action of the Debtors or their Estates, in each case solely to the extent of the Debtors’ or their Estates’ interest therein. A non-exclusive list of the Litigation Claims held by the Debtors as of the Effective Date will be Filed with the Plan Supplement, which will be deemed to include any derivative actions filed against any Debtor as of the Effective Date.

  • ADR Proceeding means either an Arbitration or a Mediation.

  • Litigation Costs means all reasonable costs, charges, expenses, including attorneys', accountants' and expert witnesses' fees, and obligations paid or incurred in connection with investigating, defending (including affirmative defenses and counterclaims), obtaining or attempting to obtain a settlement, being a witness in, or participating in or preparing to defend, be a witness in, or participate in, any Proceeding and any appeal therefrom and the cost of appeal, attachment and similar bonds.

  • Litigation Expenses means costs and expenses incurred in connection with commencing, prosecuting and settling the Action (which may include the costs and expenses of Plaintiffs directly related to their representation of the Settlement Class), for which Lead Counsel intends to apply to the Court for reimbursement from the Settlement Fund.

  • 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.

  • Adjudicative proceeding means the procedure to be followed in contested cases, as set forth in RSA 541-A:31 through RSA 541-A:36.

  • Litigation Expense means any expenses reasonably incurred in connection with investigating, defending or asserting any claim, action, suit or proceeding incident to any matter indemnified against under this Agreement, including, without limitation, court filing fees, court costs, arbitration fees or costs, witness fees, and fees and disbursements of legal counsel, investigators, expert witnesses, accountants and other professionals.

  • Administrative proceeding means a non-judicial process that is adjudicatory in nature in order to make a determination of fault or liability (e.g., Securities and Exchange Commission Administrative Proceedings, Civilian Board of Contract Appeals Proceedings, and Armed Services Board of Contract Appeals Proceedings). This includes administrative proceedings at the Federal and State level but only in connection with performance of a Federal contract or grant. It does not include agency actions such as contract audits, site visits, corrective plans, or inspection of deliverables.

  • Criminal proceeding means a proceeding instituted by means of the swearing of an information, the laying of a charge or the return of an indictment, before a Court of competent jurisdiction in Canada with jurisdiction to hear and determine the charges referred to therein, alleging or charging that the "Insured" has contravened the provisions of any Provincial or Federal statute, including the Criminal Code, R.S.C. 1985 ch. C-46 as amended, which creates an offence or crime and which provides for conviction thereunder, whether by way of summary conviction or indictment, and as a result of which the "Insured" is liable to be convicted, fined or sentenced to some form of imprisonment or other punishment.

  • Trial court means the court or agency from which an appeal or judicial review is taken.

  • Litigation Trustee means a Person to be determined by SFC and the Initial Consenting Noteholders prior to the Effective Time, with the consent of the Monitor, to serve as trustee of the Litigation Trust pursuant to and in accordance with the terms thereof.

  • criminal proceedings means criminal proceedings in relation to which the strict rules of evidence apply;

  • Litigation Trust Agreement means the trust agreement dated as of the Plan Implementation Date, between SFC and the Litigation Trustee, establishing the Litigation Trust.

  • Special Court means a Court of Session designated as Special Court under sub-section (1) of section 43;

  • Legal Proceeding means any action, suit, litigation, arbitration, proceeding (including any civil, criminal, administrative, investigative or appellate proceeding), hearing, inquiry, audit, examination or investigation commenced, brought, conducted or heard by or before, or otherwise involving, any court or other Governmental Body or any arbitrator or arbitration panel.

  • Tribal Court means a court with jurisdiction over child custody proceedings and that is either a Court of Indian Offenses, a court established and operated under the code of custom of an Indian tribe or any other administrative body of a tribe that is vested with authority over child custody proceedings.

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

  • Adjudicatory proceeding means a contested case, a proceeding that may culminate in a contested case, a petition for declaratory order, a petition for expedited resolution of a negotiability dispute, or any other proceeding which may require the board or its designee to issue a decision, order, or ruling.

  • BC Court means the Supreme Court of British Columbia.

  • dispute resolution proceeding ’ means any process in which an alternative means of dispute resolution is used to resolve an issue in controversy in which a neutral is appointed and specified parties participate;

  • Pending Litigation means a proceeding in a court of law whose activity is in progress but not yet completed.

  • Informal proceedings means proceedings for probate of a will or appointment of a personal representative conducted by the probate register without notice to interested persons.

  • civil proceedings means any proceedings in or before any court or tribunal that are not criminal proceedings;

  • relevant proceedings means proceedings for contempt of court or proceedings under Schedule 2 to the Anti-social Behaviour, Crime and Policing Act 2014;