Buyer Claim definition

Buyer Claim has the meaning set forth in Section 7.4(a).

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Buyer Claim means a claim for indemnification by Buyer pursuant to Section 8.2(b).

Buyer Claim has the meaning given to that term in Section 6.12(a).

Examples of Buyer Claim in a sentence

If Seller elects to control the defense, it will not compromise or settle the Action or Buyer Claim if (X) the amount to be paid in settlement exceeds the Maximum Indemnity Amount or (Y) the settlement does not include a provision releasing the Buyer Indemnified Party from all liabilities with respect thereto.
Seller shall have the option, and shall notify the Buyer Indemnified Party in writing within 10 Business Days after the date of the Buyer Claim Notice of their election, either: (A) to participate (at the expense of Seller) in the defense of such Action or Buyer Claim (in which case the defense of such Action or Buyer Claim shall be controlled by the Buyer Indemnified Party) or (B) to take charge of and control the defense of such Action or Buyer Claim (at the expense of Seller).
In the event Merchant or AmeriFirst becomes aware of a Buyer Claim, the party receiving notice of a Buyer Claim shall immediately notify the other party of the nature and amount of the Buyer Claim.
If Seller fails to notify the Buyer Indemnified Party of their election within the applicable response period, then Seller shall be deemed to have elected not to control the defense of such Action or Buyer Claim.
Each matter for which the Sellers have agreed to provide indemnification pursuant to this Section 9.1 is hereinafter referred to individually as a "Buyer Claim" and collectively as the "Buyer Claims".

More Definitions of Buyer Claim

Buyer Claim shall have the meaning given in Section 10.2(a).

Buyer Claim is any claim made by a Buyer who entered into a Contract or Loan Agreement relating to the quality, cost, timeliness, workmanship or any other complaint regarding the Products sold by Merchant.

Buyer Claim shall have the meaning set forth in Section 7.1(b).

Buyer Claim has the meaning set forth in Section 2.6(c) below.

Buyer Claim means a Claim by the Buyer or by any other person against the Seller:

Buyer Claim means a claim against the Seller under a Warranty or under an indemnity in this document.

Buyer Claim shall have the meaning set forth in Section 9.2 of this Agreement.