Assumed Claims definition

Assumed Claims means the Claims set forth and described in Schedule 12.9.

Assumed Claims as such claim is defined in Section 7(a)(i)(D).

Assumed Claims means all pre-closing Administrative Claims, including Professional Fee Claims up to the amount of the Professional Fee Claims Cap, Secured Claims, Priority Claims, and Priority Tax Claims listed on Schedule 1 to the Purchase Agreement, which shall constitute Assumed Liabilities pursuant to and subject to the terms and conditions of the Purchase Agreement.

Examples of Assumed Claims in a sentence

• The quarterly report will include a summary of corrective action costs and remaining liabilities for Assumed Claims by: open claim count by claim type (Remedial, Retroactive, Innocent Land Owner and Global Settlement), risk classification for each open claim, closed claim count by claim type, total open and closed claims, and claim reserve, amount paid, and remaining reserve on a monthly, quarterly and annual basis for each Assumed Claim and for all Assumed Claims.

• The Board acknowledges and agrees that the fact PMMIC is an insurer with respect to certain of the Assumed Claims is not a conflict of interest.

• This Agreement shall remain in full force and effect until PMMIC fully performs and satisfies all of its duties, obligations and liabilities hereunder and the DNR issues No Further Action Certificates with respect to all Assumed Claims and Sites, unless terminated earlier pursuant to this Agreement.

• Such payment will constitute a complete discharge of any and all responsibilities, obligations, and liabilities of the Board hereunder with respect to corrective action for the Assumed Claims, and PMMIC will not have any other recourse to or claims against the Board, the State of Iowa (“State”), the general fund or any other funds or accounts of the State with respect to the Assumed Claims.

• The County will make available to the Authority a line of credit (“County Credit Line”) upon the following terms and conditions to be used by the Authority for the purpose of (i) recovering its costs expended in paying and settling the Settled and Assumed Claims, and (ii) paying operating expenses and costs associated with leasing and operating the Property that are incurred by the Authority (“Authorized Credit Line Expenses”).

More Definitions of Assumed Claims

Assumed Claims means all open, existing claims as well as any claims that may have occurred within the policy period while the policy was in effect.

Assumed Claims as such claim is defined in Section 7(a)(i)(D). "XXXX OF SALE" - as such term is defined in Section 10(f) hereof. "BUILDINGS" - as such term is defined in Section 1 hereof. "CLOSING" - as such term is defined in Section 4(b) hereof. "CLOSING DATE" - as such term is defined in Section 4(b) hereof. "CONTRACT AND LICENSE ASSIGNMENT" - as such term is defined in Section 10(c) hereof. "CONTRACTS" - as such term is defined in Section 10(c) hereof. "DEED" - as such term is defined in Section 10(a) hereof. "DEED OF TRUST" - as defined in Schedule 4 hereto. "DOWNPAYMENT" - as such term is defined in Section 2(a) hereof. "ESCROW AGENT" - as such term is defined in Section 2(a) hereof.

Assumed Claims means any Claims owned or held by the Seller relating to any of the Purchased Assets.

Assumed Claims means all pre-closing Allowed Administrative Claims, including Allowed Professional Fee Claims up to the amount of the Professional Fee Claims Cap, Allowed Secured Claims, Allowed Priority Claims, and Allowed Priority Tax Claims listed on Schedule 1 to the Acquisition Agreements, which shall constitute Assumed Liabilities pursuant to and subject to the terms and conditions of the applicable Acquisition Agreement.

Assumed Claims means all Claims of Environmental Liability, all Environmental Exposure Claims, all Product Liability Claims, all Product Warranty Claims, all Worker’s Compensation Claims, all Intellectual Property Claims, all Employee Claims and all Other Claims, in every case whether the resulting losses, claims or demands, as the case may be, arise from or relate to conditions existing or events occurring on or before the Closing Date.

Assumed Claims. Product Liabilities included in the Assumed Liabilities described in Section 2.5 (a)(iv) of the Asset Purchase Agreement.

Assumed Claims means all rights, claims and causes of action against the Companies’ landlords, vendors and customers.