Litigation Payment definition

Litigation Payment has the meaning set forth in Section 9.13.
View Source
Litigation Payment has the meaning provided in Section 9.11.
View Source
Litigation Payment means a payment in relation to any litigation, arbitration or administrative claims, proceedings or investigations or as required by any judicial or arbitral or court order. Lock-Up Agreement means the lock-up agreement dated 11 July 2018 between ▇▇▇▇▇, the Original Issuer and ▇▇▇▇▇▇▇▇▇ Europe AG, among others. LWG has the meaning given to that term in the Umbrella Agreement.
View Source

Examples of Litigation Payment in a sentence

  • The Company shall promptly give notice to the Trustee of any Merger Consideration Principal Reduction or Litigation Payment Principal Reduction (and concurrently send a copy of its notice to the Shareholder Representative).

  • The principal of the Notes is also subject to reduction, effective as of the date of payment, by reason of a Litigation Payment Principal Reduction.

  • In the event of a Merger Consideration Principal Reduction or a Litigation Payment Principal Reduction, the aggregate principal of all outstanding Notes and all outstanding 3.5% Notes shall be reduced on a pro rata basis.

  • In the event of a Merger Consideration Principal Reduction or a Litigation Payment Principal Reduction, the aggregate principal of all outstanding Notes and all outstanding 4.5% Notes shall be reduced on a pro rata basis.

  • The parties agree that in the event the Litigation Payment is made to UTCG (pursuant to Section 1.3(c) above) prior to disbursement of an Adjustment Payment to UTCG under this Section 1.6, the Adjustment Payment, when and if due, shall be reduced by one-half (1/2).

  • In the event that the Second Tranche Litigation Payment is greater than the outstanding principal balance of the Tracor Litigation Note, plus any accrued interest thereon, the Holders shall not have any liability for any such deficiency.

  • In addition, the Borrower shall pay to the Administrative Agent for the account of and distribution to each Lender in accordance with its SPA Loan Percentage a commitment fee for the period commencing on the Closing Date, to and including the Gotham Litigation Payment Date computed at a rate per annum equal to the Commitment Fee Percentage on the average daily excess amount of the SPA Loan Commitments over the SPA Credit Exposure.

  • The Investors agree to enter into documentation related to the cancellation of such amounts under the Notes within 30 Business Days of the date such 20 Broad Litigation Payment is made.

  • USAC and Sinochem agree that the Early Termination Payment and the Rock Litigation Payment shall, to the extent necessary, be used first for purposes of closing USAC’s Florida Phosphate Operations in accordance with applicable laws, and shall not be used for purposes of paying dividends or paying off debt owed to Affiliates.

  • Pending the Closing, the parties agree that the Rock Litigation Payment shall be deposited into an escrow account in accordance with Section 1.3 of this Agreement.


More Definitions of Litigation Payment

Litigation Payment has the meaning provided in Section 5.17.
View Source
Litigation Payment. The right of the applicable Originator (and any assignees of the applicable Originator, and their assigns) to receive a portion of the Litigation Proceeds arising from an Underlying Contract, together with all rights under such Underlying Contract with respect to the related Purchase Price, all Additional Amounts accrued on such Purchase Price and all other amounts payable to the Originator (and any assignees of the applicable Originator, and their assigns, including the Seller) pursuant to or in connection with such Underlying Contract.
View Source
Litigation Payment means the amount payable by the Company, the Surviving Corporation and/or Tracor to Moore as a result o▇ ▇▇▇ settlement or resolution of the Litigation.
View Source

Related to Litigation Payment

  • Termination Payment means the amount payable by either Party to the other upon Termination in accordance with Article 23;

  • Class Counsel Litigation Expenses Payment mean the amounts allocated to Class Counsel for reimbursement of reasonable attorneys’ fees and expenses, respectively, incurred to prosecute the Action.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Termination Payments has the meaning specified in Section 10(a).

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.