Settlement Payments has the meaning set forth in Section 1.4(h).
Settlement Payments means payments by certain insurance companies pursuant to settlement agreements entered into by UTC and various subsidiaries, including the Company, with insurers under which the parties settled claims of UTC and various subsidiaries, including the Company and certain of the Subsidiaries, for coverage for environmental liabilities and losses under certain general liability and property policies.
Settlement Payments means the payments from the Net Settlement Fund to be made to Settlement Class Members with Approved Claims according to the plan of allocation attached as Exhibit E (the “Plan of Allocation”).
Examples of Settlement Payments in a sentence
Once the Company pays the Final Settlement Payments (as defined in this Agreement), the Note shall have priority in payment and performance over all indebtedness of the Company and its Subsidiaries, as further provided in that certain Security Amendment entered into between the Company, the Subsidiaries, and the Buyer on the date of this Agreement, a form of which is attached hereto as Exhibit C.
The Company represents and warrants that, once the Company pays the Final Settlement Payments, there will be no security interests in, or liens on, the Company’s assets except as created in favor of the Buyer under the Security Amendment.
More Definitions of Settlement Payments
Settlement Payments means a payment to an Authorized Claimant or payments to Authorized Claimants from the Net Cash Fund as described under Section 2.1(d) of this Settlement Agreement.
Settlement Payments has the meaning ascribed thereto in Section 6.01.
Settlement Payments means settlement payments made to the State or itsSubdivisions pursuant to the National Settlement Agreement.
Settlement Payments means payments by the Borrower of approximately $2.775 billion to asbestos and silica claimants as described in the Disclosure Statement.
Settlement Payments means the payment necessary to cover (i) Settlement Claim Payments, (ii) attorneys’ fees and costs approved by the Court, (iii) any Incentive Payment, and (iv) the costs of notice and administration. The Franchise Defendants shall make the Settlement Payments as set forth herein, but in no event shall the Settlement Payments exceed the Settlement Amount.
Settlement Payments means, collectively, the Remediation Payment, the Estate Payment, the Insurance Payment, and the payment by the ChemicaInvest Parties of
Settlement Payments means the payments from the Net Settlement Fund to 19 be made to Settlement Class Members with Approved Claims according to the plan of allocation 20 attached as Exhibit E (the “Plan of Allocation”).