Assumed Claim definition

Assumed Claim is defined in Section 9.03(e).
View Source
Assumed Claim is defined in Section 9.2(b).
View Source
Assumed Claim has the meaning given in Section 14.4(b).
View Source

Examples of Assumed Claim in a sentence

  • After the aggregate Warranty Costs incurred by the Acquired Companies has exceeded the Warranty Threshold, Seller may settle, compromise or discharge any Assumed Claim without Buyer's prior consent, provided that there is no liability to the Acquired Companies as a result of such settlement, compromise or discharge and such settlement, compromise or discharge does not otherwise materially adversely affect the Acquired Companies.

  • Upon the occurrence of a Claim or Damages (other than an Assumed Claim) for which an Indemnified Party believes indemnification is due under this Article X, the Indemnified Party shall provide notice of such Claim or Damages to the Indemnifying Party, stating the circumstances giving rise to the Claim or Damages, specifying the amount or the amount estimated in good faith of the Claim or Damages and making a request for any payment then believed due.

  • Notwithstanding the other terms and conditions of this Article IX, with respect to any Claim, Damages or Assumed Claim for which Contributors are obligated pursuant to Section 9.01, the Parties agree that (a) Contributors shall be liable only for their proportionate share of any such Claim, Damages, or Assumed Claim (subject to the limitations of Section 9.06), with such proportionate share set forth on Schedule 9.05; and (b) ▇▇.

  • Upon the occurrence of a Claim or Damages (other than an Assumed Claim) for which an Indemnified Party believes indemnification is due under this Article IX, the Indemnified Party shall provide notice of such Claim or Damages to the Indemnifying Party, stating the circumstances giving rise to the Claim or Damages, specifying the amount or the amount estimated in good faith of the Claim or Damages and making a request for any payment then believed due.

  • Upon the occurrence of a Claim or Damages (other than an Assumed Claim) for which indemnification is believed by Buyer to be due under this Article VII, the Indemnified Party shall provide notice of such Claim or Damages to the Sellers’ Representative, stating the circumstances giving rise to the Claim or Damages, specifying the amount or the estimated amount of the Claim or Damages and making a request for any payment then believed due.

  • If at the time Seller assumes the defense of the Assumed Claim, the aggregate Wa▇▇▇▇▇▇ ▇▇▇▇s incurred by the Acquired Companies has not exceeded the Warranty Threshold, then Seller may not settle, compromise or discharge such Assumed Claim without Buyer's prior written consent (which consent shall not be unreasonably withheld).

  • With respect to a claim by a third party against an Indemnitee (other than an Assumed Claim, to which Section 9.05(b) applies), the indemnifying party shall have the right to monitor the Indemnitee’s defense, settlement or other disposition of any Claim.

  • The Purchasers shall be kept informed (to the fullest extent reasonable) of, and consulted about, such litigation or proceeding of an Assumed Claim for which the Sellers and/or Clariant Corp.

  • For purposes of this paragraph 6.3, “Remaining Funds” means: the unspent dollar amount of the reserve transferred for the applicable Assumed Claim plus the remaining prorated share of the 20% risk premium and 7.75% administrative fee for that Assumed Claim.

  • Code 9.2, once an Assumed Claim is transferred as part of a loss portfolio transfer transaction, the Board will no longer have any duty to reimburse for any costs or liabilities associated with such Assumed Claim.

Related to Assumed Claim

  • Released Claim means the matters that are subject to release and discharge pursuant to ARTICLE 10 hereof;

  • Unresolved Claim means a Claim, which at the relevant time, in whole or in part: (a) has not been Finally Determined to be a Proven Claim in accordance with the Amended Claims Procedure Order and this Plan; (b) is validly disputed in accordance with the Amended Claims Procedure Order; and/or (c) remains subject to review and for which a Notice of Allowance or Notice of Revision or Disallowance (each as defined in the Amended Claims Procedure Order) has not been issued to the Creditor in accordance with the Amended Claims Procedure Order as at the date of this Plan, in each of the foregoing clauses, including both as to proof and/or quantum;

  • Covered Claim means either a Provider Covered Claim or Customer Covered Claim.

  • Settled claim means the original tort claim resolved by a structured settlement.

  • Settled Claims means any and all claims, debts, demands, rights or causes of action, suits, matters, and issues or liabilities whatsoever (including, but not limited to, any claims for damages, interest, attorneys’ fees, expert or consulting fees, and any other costs, expenses or liability whatsoever), whether based on federal, state, local, statutory or common law or any other law, rule or regulation, whether fixed or contingent, accrued or unaccrued, liquidated or unliquidated, at law or in equity, matured or unmatured, whether class or individual in nature, including both known claims and Unknown Claims (as defined herein), (i) that have been asserted in the Delphi Securities Action against any of the Released Parties, or (ii) that could have been asserted in any forum by the Class Members or any of them or the successors and assigns of any of them against any of the Released Parties which arise out of, are based upon, or relate to the allegations, transactions, facts, matters or occurrences, representations or omissions involved, set forth, or referred to in the Delphi Securities Action and related to the purchase, acquisition, or holding of Delphi Securities.