Business Claims definition

Business Claims means the benefit of all rights and claims arising 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 or to any of the Excluded Assets, Excluded Contracts or the Excluded Liabilities;

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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 5.19(a).

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.

• With respect to Business Claims, Sellers shall take no action to exclude or remove the Acquired Companies with respect to the period prior to Closing from the insurance policies that were in place for the benefit of the Acquired Companies prior to Closing and shall not take any action following Closing that would reasonably be expected to impair any right or ability of the Acquired Companies to file claims for losses incurred prior to Closing consistent with Section 4.22.

• Upon the incurrence of any such Liability, loss, cost or expense relating to Business Claims made under Seller's Insurance Policies with respect to Assumed Liabilities or Subsequent Assumed Liabilities and upon receipt from Sellers of a statement of the amount of such Liabilities, losses, costs and expenses in reasonable detail, from time to time, Purchaser shall make payment promptly to Sellers or their Subsidiaries of the amount indicated in such statement.

• Schedule 5.6 is a list and brief description of (i) all present litigation, proceedings and claims by or against Seller or any Affiliate pending or, to Seller's knowledge, threatened against Seller or any Affiliate, in each case relating to the Business (collectively, "Business Claims"), and (ii) any Business Claims relating to the Business relating to the period on and after September 1, 1993.

More Definitions of Business Claims

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 has the meaning set forth in Section 6.11.

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

Business Claims means all rights and claims of any member of the Seller’s Group arising at any time whether before or after the Relevant Hive-Down Completion Date exclusively or primarily in relation to the Elephant Assets or any Assumed Liability but excluding:

Business Claims means the benefit of all rights and claims of the Transferor Company arising out of or in connection with the Transferor Company’s business carried under any lease agreements, Memoranda of Understandings, other agreements, licenses, 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 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 WFSL or, as the case may be, ▇▇▇▇▇▇ 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;