ALLOWANCES AGAINST CLAIMS Sample Clauses

ALLOWANCES AGAINST CLAIMS. If a Group Company or the Buyer recovers any sum from any third party for any loss, damage or liability giving rise to a Warranty Claim that sum, less all costs and expenses reasonably incurred by the Buyer or the Group Company in recovering it, will (save to the extent already taken into account in computing the amount of such claim) be set-off against the Sellersliability for that Warranty Claim.
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ALLOWANCES AGAINST CLAIMS. If a Seller recovers any sum from any third party for any loss, damage or liability giving rise to a Path Warranty Claim that sum, less all costs and expenses reasonably incurred by the Sellers in recovering it, will (save to the extent already taken into account in computing the amount of such claim) be set-off against the Buyer's liability for that Path Warranty Claim.
ALLOWANCES AGAINST CLAIMS. 3.1 The Warrantors shall not be liable under this Agreement in respect of any claim if and to the extent that:
ALLOWANCES AGAINST CLAIMS. 4.1 The Vendors shall not be liable under the Warranties (other than under the Tax Warranties or the Taxation Covenant, to which the provisions of schedule 2 apply) in respect of any claim if and to the extent that:
ALLOWANCES AGAINST CLAIMS. 4.1 The Vendors shall not be liable under the Warranties in respect of any claim if and to the extent that:

Related to ALLOWANCES AGAINST CLAIMS

  • Indemnity Against Claims The Company will pay and discharge and will indemnify and hold harmless the Issuer from (a) any lien or charge upon payments by the Company hereunder, (b) any taxes, assessments, impositions, and other charges upon payments by the Company to the Issuer hereunder, and (c) any and all liabilities, damages, costs, and expenses arising out of or resulting from the transactions contemplated by this Agreement and the Indenture, including the reasonable fees and expenses of counsel. If any such lien or charge is sought to be imposed upon payments, or any such taxes, assessments, impositions, or other charges are sought to be imposed, or any such liability, damages, costs, and expenses are sought to be imposed, the Issuer will give prompt notice to the Company, and the Company shall have the sole right and duty to assume, and will assume, the defense thereof, with full power to litigate, compromise or settle the same in its sole discretion.

  • Preferential Collection of Claims Against the Company The Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent included therein.

  • Preferential Collection of Claims Against Company The Trustee shall comply with TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated therein.

  • Pursuit of Claims Against Third Parties If (i) a Party incurs any Liability arising out of this Agreement or any Ancillary Agreement; (ii) an adequate legal or equitable remedy is not available for any reason against the other Party to satisfy the Liability incurred by the incurring Party; and (iii) a legal or equitable remedy may be available to the other Party against a Third Party for such Liability, then the other Party shall use its commercially reasonable efforts to cooperate with the incurring Party, at the incurring Party’s expense, to permit the incurring Party to obtain the benefits of such legal or equitable remedy against the Third Party.

  • No Claims Against Collateral Agent Nothing contained in this Agreement shall constitute any consent or request by the Collateral Agent, express or implied, for the performance of any labor or services or the furnishing of any materials or other property in respect of the Pledged Collateral or any part thereof, nor as giving any Pledgor any right, power or authority to contract for or permit the performance of any labor or services or the furnishing of any materials or other property in such fashion as would permit the making of any claim against the Collateral Agent in respect thereof or any claim that any Lien based on the performance of such labor or services or the furnishing of any such materials or other property is prior to the Lien hereof.

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