Business Claims definition

Business Claims means the benefit of all rights and claims arising from, or coming into existence as a result of, the carrying on of any Business by a Business Seller whether arising on, prior to or after Completion, other than rights and claims relating to the Excluded Assets or the Excluded Liabilities;

Business Claims means the benefit of all rights and claims of the Activity Transferor arising out of or in connection with the Activity or any of the Activity Assets including:-

Business Claims has the meaning set forth in Section 6.7(b).

Examples of Business Claims in a sentence

• The Parties will maintain complete and correct books and records relating to the policies of the Subject Business, Claims and their respective obligations under this Agreement (the “Books and Records”).

• The Seller shall, (insofar as within the Sellers’s power and control to do so and having regard to clause 18.8), provide (or procure to be provided) such assistance as the Purchaser may reasonably require to enable it to enforce the Business Claims or any of them.

• ASSUMPTION OF CONTRACTS AND BUSINESS CLAIMS 7.1 With effect from the Completion Date, the Activity Transferee shall become entitled to the Business Claims and to the benefits of the Activity Transferor under the Contracts and the Activity Transferee undertakes to the Activity Transferor to carry out and perform and to complete all the obligations and liabilities of the Activity Tranferor created by or arising under the Contracts.

• Julie Triedman, Ground Shifts Under Howrey’s Unfinished Business Claims, AMERICAN LAWYER (July 28, 2014), http://www.americanlawyer.com/id=1202664908745/Ground-Shifts-Under- Howreys-Unfinished-Business-Claims?slreturn=20140919163431.

• Subject to above Section 2.2 (“Ultimate Net Loss”), in the event that Inuring Third Party Reinsurance Recoverables relating to the Subject Business Claims are paid by Reinsurer, they shall be paid to Reinsurer.

More Definitions of Business Claims

Business Claims has the meaning set forth in Section 5.19(a).

Business Claims shall have the meaning specified in Section 1.1(m).

Business Claims means the benefit of all rights and claims arising exclusively or predominantly from the carrying on of the Business by the Seller (whether arising on, prior to or after Closing) including Trade Debtors but excluding rights and claims to the extent that they relate to taxation or to any of the Excluded Contracts, the Excluded Assets or the Excluded Liabilities; Business Contracts means all contracts, engagements, licences, guarantees and other commitments to the extent that they relate to the Business entered into by or on behalf of, or the benefit of which is held on trust for or has been assigned to, the Seller prior to Closing (but excluding agreements, leases or other documents relating to ownership or occupation of the Business Properties and the Excluded Contracts);

Business Claims means the benefit of all rights and claims of the Transferor Company arising out of or in connection with the Transferor Company business under any agreements, licences, warranties, conditions, guarantees, indemnities or other rights subsisting at the Appointed Date (whether express or implied) in favour of the Transferor Company.

Business Claims means the benefit of all rights, entitlements or claims to which the Seller or any member of the Seller's Group is entitled arising directly or indirectly out of or in connection with the operation by the Seller or any member of the Seller's Group of the Business prior to Completion (including under any warranty, condition, guarantee or indemnity under any of the Contracts or in respect of any policy of insurance, and including, for the avoidance of doubt, any claim against APV (UK) Limited under the APV Purchase Agreement), excluding all rights, entitlements or claims in respect of the Excluded Contracts, Excluded Liabilities or the Excluded Assets;

Business Claims means the benefit of all rights and claims arising exclusively from the carrying on of the Business by the Business Seller (whether arising on, prior to or after Closing) but excluding rights and claims to the extent that they relate to taxation for periods prior to the Closing Date or to any of the Excluded Contracts, the Excluded Assets or the Excluded Liabilities; Business Contracts means, in relation to the Business Seller, all contracts, engagements, licences (including Business Licences In and Business IT Systems Licences), guarantees and other commitments to the extent that they relate to the European Business entered into by or on behalf of, or the benefit of which is held on trust for or has been assigned to, the Business Seller prior to Closing (but excluding the Excluded Contracts);

Business Claims means the benefit of all rights and claims of WFSL or, as the case may be, Xxxxxx arising out of or in connection with the Business other than claims relating to taxation; "Business Day" means a day (excluding Saturdays and public holidays) on which banks generally are open in London for the transaction of normal banking business;