Claim Cap definition

Claim Cap has the meaning ascribed to such term in Section 9(f) hereof.
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Claim Cap shall have the meaning set forth in Section 10.4.
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Claim Cap means one percent (1%) of the Purchase Price.
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Examples of Claim Cap in a sentence

  • Buyer further agrees that, following the Closing, no claim may or shall be made for any alleged breach of any representations or warranties made by Seller under or relating to this Agreement unless the amount of such claim or claims, individually or in the aggregate, exceeds Fifteen Thousand and No/100 Dollars ($15,000.00) (the “Basket”) (in which event the full amount of such valid claims against Seller shall be actionable up to, but not in excess of, the Claim Cap).

  • Claim Cap Level: To reduce the potential variability of the risk assessment, DHS will develop the risk scores and total cost of care per-member-per-month (PMPM) by removing the claim costs for individual members that fall above specific thresholds.

  • Notwithstanding anything herein to the contrary (including Section 6.1 and Article 11 hereof), from the date hereof until the Closing, Seller Parent and its Affiliates shall be entitled to compromise or settle any and all TMD Claims in their sole and absolute discretion and any Losses payable by Seller Parent or its Affiliates in connection with such settlement shall be paid by Purchaser to Seller Parent at Closing up to an amount not exceeding the TMD Claim Cap.

  • The parties agree that this Limited Guaranty may not be enforced against any Guarantor without giving effect to such Guarantor’s Per Claim Cap and Individual Cap (and to the provisions of Sections 8 and 9 hereof).

  • Receipts, payroll documentation, or other record of payment must be provided for any form line-item totals that 5 Any property with a Tier 1 Standard Claim Cap that exceeds $150,000 must comply with application requirements for Tier II in order to receive funding under Tier 1.exceed $500.

  • This Limited Guaranty may not be revoked or terminated and shall remain in full force and effect and shall be binding on each Guarantor, its successors and permitted assigns until the payment and satisfaction in full of the Obligations of such Guarantor (up to such Guarantor’s Per Claim Cap and Individual Cap).

  • Under the treatment proposed in the Joint Plan, each Holder of an Allowed Convenience Claim in PR Class 4 shall receive, in full and final satisfaction, settlement, release and discharge of its Convenience Claim, Cash in the full Allowed amount of such Holder’s Convenience Claim, unless the aggregate amount of Allowed Convenience Claims exceeds $500,000, in which case each Holder of an Allowed Convenience Claim shall receive its pro rata share of the Convenience Claim Cap.

  • Notwithstanding anything herein to the contrary, the liability of each Guarantor shall be several (and not joint or joint and several) based upon such Guarantor’s Maximum Guarantor Percentage, and no Guarantor shall be liable for any amounts hereunder in excess of such Guarantor’s Per Claim Cap or Individual Cap, as applicable.

  • Developer further agrees that, following the Closing, no claim may or shall be made for any alleged breach of any representations or warranties made by City under or relating to this Agreement unless the total amount of such claim or claims exceeds Twenty Five Thousand Dollars ($25,000.00) (in which event the full amount of such valid claims against City shall be actionable up to, but not in excess of, the Claim Cap).

  • This Class Member Claim Cap shall cover all payments to be made to Class Members who submit a complete, valid and timely Claim Form and does not include Settlement Administration Expenses, the Incentive Award, and Class Counsel’s Attorney Fees and Expenses.


More Definitions of Claim Cap

Claim Cap has the meaning set forth in Section 7.2(d)(i).
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Claim Cap has the meaning ascribed to such term in Section 15(c) hereof.
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Claim Cap has the meaning given to it in paragraph 1.3 of Schedule 7 (Limitation of Liability);
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Claim Cap means EUR 1,717,500;
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Claim Cap means that no Individual Claim Amount, regardless of the value of a Claim determined by the Point Formula, shall exceed the sum of $1,500.00.
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Claim Cap has the meaning ascribed to such term in Section 8(e) hereof. ​
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Related to Claim Cap

  • Indemnification Cap has the meaning set forth in Section 9.4(a).

  • Indemnification Claim Notice has the meaning set forth in Section 11.3.

  • Claim Period means the period of time during which a Settlement Class Member must submit a Claim Form to be eligible to receive a Cash Benefit or Billing Credit Option as part of the Settlement. The Claim Period shall commence not later than thirty (30) days after the Preliminary Approval Date, as defined herein, and shall conclude not more than ninety (90) days after it commences.

  • Indemnity Cap has the meaning set forth in Section 9.2(b).

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Claim Amount means the amount calculated in accordance with Section 6.2 of this Policy.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Indemnification Claim has the meaning set forth in Section 8.4(a).

  • Indemnity Claim has the meaning set forth in Section 8.3.

  • Expected Claim Notice means a notice that, as a result of a legal proceeding instituted by or written claim made by a third party, an Indemnified Party reasonably expects to incur Damages for which it is entitled to indemnification under Article VI.

  • Indemnity Escrow Amount means $3,000,000.

  • Claim Notice has the meaning set forth in Section 8.4(a).

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Claim Expenses means reasonable documented attorneys’ fees and all other reasonable documented out-of-pocket costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any Claim, including any Action relating to a claim for indemnification or advancement brought by an Indemnified Party as contemplated in Section 7.5.

  • 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;

  • Claim Objection Deadline means the first Business Day that is 180 days after the Effective Date, as may be extended by order of the Bankruptcy Court.

  • Third Party Claim Notice shall have the meaning set forth in Section 6.5(a).

  • Deficiency Claim Amount has the meaning set forth in Section 5.5(a).

  • Two-year claim limitation means no benefit is payable for any claim submitted two years or more from the date of admission or service provision.

  • Indemnified Claims shall include any and all claims, demands, suits, causes of action, judgments and liability of every character, type or description, including all reasonable costs and expenses of litigation, mediation or other alternate dispute resolution mechanism, including attorney and other professional fees for: (1) damage to or loss of the property of any person (including, but not limited to the City, the Contractor, their respective agents, officers, employees and subcontractors; the officers, agents, and employees of such subcontractors; and third parties); and/or (2) death, bodily injury, illness, disease, worker's compensation, loss of services, or loss of income or wages to any person (including but not limited to the agents, officers and employees of the City, the Contractor, the Contractor’s subcontractors, and third parties), ii. "Fault" shall include the sale of defective or non- conforming deliverables, negligence, willful misconduct or a breach of any legally imposed strict liability standard.

  • Indemnified Claim has the meaning set forth in Section 8.2.

  • Unresolved Claims has the meaning set forth in Section 7.6(c).

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • Indemnification Period means the period of time during which Indemnitee shall continue to serve as a director or as an officer of the Corporation, and thereafter so long as Indemnitee shall be subject to any possible Proceeding arising out of acts or omissions of Indemnitee as a director or as an officer of the Corporation.