Permitted Claims definition

Permitted Claims has the meaning assigned to such term in Section 9.9(a).

Permitted Claims means, as of the Effective Date, other than Excluded Claims, (a) all Claims against the Debtors covered by the Plan (the “Plan Debtors”) that are classified in those certain classes of Claims described in Sections II B through E, G and P in the Plan Summary Term Sheet (the “PMA Claims”), (b) all Claims or other amounts required to be paid pursuant to the Plan to indenture trustees or similar servicing or administrative agents, with respect to administrative fees incurred by or reimbursement obligations owed to such indenture trustees or similar servicing or administrative agents in their capacity as such under the Corporate Level Debt documents, (c) any claims of a similar type as the PMA Claims that are or have been asserted against affiliates of the Plan Debtors that are or were debtors in the Bankruptcy Cases and for which a plan of reorganization has already been consummated (the “Confirmed Debtors”), (d) surety bond Claims relating to the types of Claims identified in clauses (a) through (c) of this definition, and (e) GGO Setup Costs.

Permitted Claims means (i) Claims for Taxes, assessments or other governmental charges not yet due and payable or which are being contested in good faith by appropriate proceedings, and, in each case, for which adequate reserves with respect thereto have been made in the Company Financial Statements in accordance with GAAP; (ii) carriers’, warehousemen’s, mechanics’, materialmen’s, repairman’s or other similar Claims arising in the ordinary course of business; (iii) easements, rights of way, building, zoning and other similar encumbrances or title defects that are not material to the Company or its Subsidiaries in the aggregate; (iv) Claims on assets of any of the Company or its Subsidiaries incurred in the ordinary course of business which do not materially impair business operations or the use of such properties in the ordinary course of business and that are not material to the Company or its Subsidiaries in the aggregate; (v) pledges or deposits in connection with workers’ compensation, unemployment insurance and other social security legislation; (vi) customary Claims of banks on deposit accounts incurred in the ordinary course of business; and (vii) Claims of clearing agencies, broker-dealers and other Claims incurred in connection with indebtedness incurred in the ordinary course of business, provided that such Claims (A) attach only to the securities or other assets (or proceeds) being purchased or sold (and other securities or other assets in such account) and (B) secure only obligations incurred in connection with such purchase or sale of such assets (and other obligations with respect to the purchase and sale of any securities or other assets in such account).

Examples of Permitted Claims in a sentence

• The only claims that will be made or pursued by or on behalf of the Codan Group under the RSA Policies (together the "Permitted Claims") will be those that have already been notified to the relevant insurer(s) before Completion and are pending or outstanding at Completion and any additional claims that are notified to the relevant insurer(s) within the applicable notification period in the policies.

• For the avoidance of doubt, Clariant may disclose certain information related to and limited to the evaluation of the Sample solely as necessary to seek patent protection for Permitted Claims included in a patent application, in which case such information shall no longer be deemed Confidential Information.

• Clariant shall make a patent filing with respect to the Permitted Claims no later than three (3) weeks after the Effective Date of this Agreement.

• Clariant shall not have the right to apply for, in any patent application, any claims or patentable subject matter or other Intellectual Property rights not included in the Permitted Claims, and Clariant shall continue to be bound by the Non-Analysis Agreement with respect to all claims, publications and disclosures except those included in the Permitted Claims.

• In case the Permitted Claims filed by Clariant in the Field are dependent on any Elevance-owned or licensed Intellectual Property rights related to the composition or use of Elevance Product or any process to [***], Elevance agrees to not enforce such Intellectual Property rights against Clariant, its Affiliates or its customers in connection with the production or sale of any Clariant Product in the Field that includes any Elevance Product.

More Definitions of Permitted Claims

Permitted Claims means, as of the Effective Date, other than Excluded Claims,

Permitted Claims is hereby amended and restated in its entirety to read as follows:

Permitted Claims means (i) Claims for Taxes, assessments or other governmental charges not yet due and payable or which are being contested in good faith by appropriate proceedings, and, in each case, for which adequate reserves with respect thereto have been made in the Partnership Financial Statements in accordance with GAAP; (ii) carriers’, warehousemen’s, mechanics’, materialmen’s, repairman’s or other similar Claims arising in the ordinary course of business; (iii) easements, rights of way, building, zoning and other similar encumbrances or title defects that are not material to the Partnership Entities in the aggregate; (iv) Claims on assets of the Partnership Entities incurred in the ordinary course of business which do not materially impair business operations or the use of such properties in the ordinary course of business and that are not material to the Partnership Entities in the aggregate; (v) pledges or deposits in connection with workers’ compensation, unemployment insurance and other social security legislation; and (vi) customary Claims of banks on deposit accounts incurred in the ordinary course of business.

Permitted Claims means claims for the use of [***] in product applications in the Field, but specifically excludes any claims for the process of [***].

Permitted Claims has the meaning set forth in SECTION 9(a) hereof.

Permitted Claims has the meaning given to such term in Clause 6.11(c).

Permitted Claims means any claim, demand, dispute, action or cause of action or defense arising under or in any way connected with or related or incidental to this Indenture, the Notes, the Senior Notes or the Collateral Documents, as the same may be amended or modified from time to time, whether now existing or hereafter arising and whether sounding in tort, contract or otherwise that is asserted by any party to this Indenture, the Notes, the Senior Notes or the Collateral Documents, and their successors and assigns.