Definition of Subject Claims Sample Clauses

Definition of Subject Claims. Subject Claims” means any and all past, present or future claims or causes of action of any nature by Marvel and/or any of its Affiliates against SPE and/or any of its Affiliates and any and all past, present or future claims or causes of action of any nature by SPE and/or any of its subsidiaries against Marvel and/or any of its Affiliates which arise out of or relate to any then-existing or previously existing contractual or business relationship between any Marvel Affiliate and any SPE Affiliate entered into at any time prior to the date of such dispute (including without limitation any such agreement or business relationship entered into after the date of this Agreement but prior to the applicable dispute), or otherwise arising out of or relating to actions or inactions taken by any Affiliate of SPE under color of authority purportedly granted by SPE in connection with rights granted by Marvel to SPE under any such then-existing or former agreement. For example, a claim by Marvel against Sony Electronics or Sony Corporation of America alleging fraud, conspiracy, inducing breach, copyright infringement or trademark infringement with respect to Spider-Man, Ghost Rider, Xxxx Xxxx or other intellectual property with respect to which, as of the date when the dispute arises, there is any then-existing or former agreement or business relationship between any Marvel Affiliate and any SPE Affiliate, or otherwise arising out of or relating to actions or inactions taken by any Affiliate of SPE under color of authority purportedly granted by SPE in connection with rights granted by Marvel to SPE under any such then-existing or former agreement, would constitute a Subject Claim. On the other hand, a claim by Marvel against any SPE Affiliate for copyright infringement with respect to Captain America would not constitute a Subject Claim if, as of the date of the applicable claim, Marvel had never entered into any agreement or business relationship with any SPE Affiliate with respect to Captain America. For purposes of this provision, “Affiliate(s) shall mean an entity which controls, is controlled by, or is under common control with Marvel or SPE, as applicable. Agreement to Arbitrate Notwithstanding any contrary provision in any agreements of any kind or nature whatsoever between SPE and Marvel, all Subject Claims shall be resolved solely by mandatory, binding, confidential, private arbitration under the rules and auspices of the Judicial Arbitration and Mediation S...
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Related to Definition of Subject Claims

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  • Application of Miscellaneous Proceeds upon Damage to Property If the Property is damaged, any Miscellaneous Proceeds will be applied to restoration or repair of the Property, if Lender deems the restoration or repair to be economically feasible and Lender’s security will not be lessened by such restoration or repair. During such repair and restoration period, Lender will have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect the Property to ensure the work has been completed to Lender’s satisfaction (which may include satisfying Lender’s minimum eligibility requirements for persons repairing the Property, including, but not limited to, licensing, bond, and insurance requirements) provided that such inspection must be undertaken promptly. Lender may pay for the repairs and restoration in a single disbursement or in a series of progress payments as the work is completed, depending on the size of the repair or restoration, the terms of the repair agreement, and whether Borrower is in Default on the Loan. Lender may make such disbursements directly to Borrower, to the person repairing or restoring the Property, or payable jointly to both. Unless Lender and Borrower agree in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lender will not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If Lender deems the restoration or repair not to be economically feasible or Lender’s security would be lessened by such restoration or repair, the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds will be applied in the order that Partial Payments are applied in Section 2(b).

  • Payment of Premiums; Substitution of Policy; Loss Reserve; Protection of Lender If Lender required Mortgage Insurance as a condition of making the Loan, Borrower will pay the premiums required to maintain the Mortgage Insurance in effect. If Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, and (i) the Mortgage Insurance coverage required by Lender ceases for any reason to be available from the mortgage insurer that previously provided such insurance, or (ii) Lender determines in its sole discretion that such mortgage insurer is no longer eligible to provide the Mortgage Insurance coverage required by Lender, Borrower will pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Xxxxxx. If substantially equivalent Mortgage Insurance coverage is not available, Borrower will continue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use, and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve will be non-refundable, even when the Loan is paid in full, and Lender will not be required to pay Borrower any interest or earnings on such loss reserve. Lender will no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower will pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender’s requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Section 11 affects Borrower’s obligation to pay interest at the Note rate.

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