Unpaid Claims Amount
Unpaid Claims Amount. An amount, which shall not be less than zero, equal to (a) the aggregate value of any unpaid NARCO Asbestos Trust Claims liquidated and entered into the Annual Contribution Claims Fund Payment Queue and the Pre-Established Claims Fund Payment Queue (as such terms are defined in the Existing Agreements) as of the earlier of (x) the Closing and (y) March 31, 2023 which remain unfunded by Honeywell as of the Closing minus (b) any amounts received by the NARCO Asbestos Trust from any of its...
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Honeywell Int'l Inc. contract
Unpaid Claims Amount. An amount equal to the greater of (x) the sum of the value of any NARCO Asbestos Trust Claims liquidated and entered into the Annual Contribution Claims Fund Payment Queue and the Pre-Established Claims Fund Payment Queue (as such terms are defined in the Existing Agreements) since the end of the last calendar quarter preceding the Closing (and unfunded by Honeywell as of the Closing) minus any amounts received by the NARCO Asbestos Trust from any of its holdings (including the HWI Interests)...
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Found in
Honeywell Int'l Inc. contract