Claims Payable by Third Parties Contract Clauses (11)

Grouped Into 1 Collection of Similar Clauses From Business Contracts

This page contains Claims Payable by Third Parties clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Claims Payable by Third Parties. No distributions under the Plan shall be made on account of an Allowed Claim that is payable pursuant to one of the Debtors' insurance policies until the Holder of such Allowed Claim has exhausted all remedies with respect to such insurance policy. To the extent that one or more of the Debtors' insurers agrees to satisfy in full or in part a Claim (if and to the extent adjudicated by a court of competent jurisdiction), then immediately upon such insurers' agreement, the applicable portion of suc...h Claim may be expunged without a Claims objection having to be Filed and without any further notice to or action, order, or approval of the Bankruptcy Court. View More
Found in Gulfport Energy Corp contract
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Claims Payable by Third Parties. No distributions under the Plan shall be made on account of an Allowed Claim that is payable pursuant to one of the Debtors' insurance policies Insurance Policies until the Holder of such Allowed Claim has exhausted all remedies with respect to such insurance policy. Insurance Policy. To the extent that one or more of the Debtors' insurers Insurers agrees to satisfy pay in full or in part a Claim (if and to the extent adjudicated by a court of competent jurisdiction), jurisdiction or otherwise s...ettled), then immediately upon such insurers' Insurers' agreement, the applicable portion of such Claim may be expunged without a Claims Claim objection having to be Filed and without any further notice to or action, order, or approval of the Bankruptcy Court. View More
Found in Tailored Brands, Inc. contract
Claims Payable by Third Parties. No distributions under the Plan shall be made on account of an Allowed Claim that is payable pursuant to one of the Debtors' insurance policies until the Holder of such Allowed Claim has exhausted all remedies with respect to such insurance policy. To the extent that one or more of the Debtors' insurers agrees to satisfy in full or in part a Claim (if and to the extent adjudicated by a court of competent jurisdiction), against any Debtor, then immediately upon such insurers' agreement, the appli...cable portion of such Claim may be expunged without a Claims Claim objection having to be Filed and without any further notice to or action, order, or approval of the Bankruptcy Court. View More
Found in CUMULUS MEDIA INC contract
Claims Payable by Third Parties. No Except as otherwise provided under the Plan, (i) no distributions under the Plan shall be made on account of an Allowed Claim that is payable pursuant to one of the Berry Debtors' insurance policies until the Holder of such Allowed Claim has exhausted all remedies with respect to such insurance policy. To policy, and (ii) to the extent that one or more of the Berry Debtors' insurers agrees to satisfy in full or in part a Claim (if and to the extent adjudicated by a court of competent jurisdic...tion), then immediately upon such insurers' agreement, the applicable portion of such Claim may be expunged without a Claims objection having to be Filed and without any further notice to or action, order, or approval of the Bankruptcy Court. View More
Found in Berry Petroleum Corp contract
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