Common use of SETTLEMENT OF CLAIMS BY PARTIES Clause in Contracts

SETTLEMENT OF CLAIMS BY PARTIES. 34.1 If any Party is obliged by a final judgment of a competent tribunal or under a settlement approved by the Management Committee, to discharge any claim, including all costs and expenses associated therewith, resulting from the implementation of this Agreement, the Party which has discharged the claim shall be entitled to receive from the other Parties reimbursement in the proportions as set out in Schedule B.

Appears in 2 contracts

Samples: Maintenance Agreement, Construction and Maintenance (Teleglobe Bermuda Holdings LTD)

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SETTLEMENT OF CLAIMS BY PARTIES. 34.1 32.1 If any Party is obliged by a final judgment of a competent tribunal or under a settlement approved by the Management Committee, to discharge any claimclaim by a third party, including all costs and expenses associated therewith, resulting from the implementation of this Agreement, the Party which has discharged the claim shall be entitled to receive from the other Parties reimbursement in the proportions as set out in Schedule B.

Appears in 1 contract

Samples: Construction and Maintenance (Teleglobe Bermuda Holdings LTD)

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SETTLEMENT OF CLAIMS BY PARTIES. 34.1 22.1 If any Party is obliged by a final judgment of a competent tribunal or under a settlement approved by the Management Committee, to discharge any claim, including all costs and expenses associated therewith, resulting from the implementation of this Agreement, the Party which has discharged the claim shall be entitled to receive from the other Parties reimbursement in the proportions as set out in Schedule B.C.

Appears in 1 contract

Samples: Construction and Maintenance (Teleglobe Bermuda Holdings LTD)

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