Examples of Claim Objection Period in a sentence
In the event that the Responding Party does not object to a Claim within the Claim Objection Period, (A) the Responding Party shall be deemed to have accepted and agreed to the Claim set forth in the Claim notice and shall be precluded from raising any objection thereto after the Claim Objection Period, and (B) if applicable, any forfeiture of Escrowed Cash pursuant to Section 10.1(c) shall be effective as of the day following the expiration of the Claim Objection Period.
In the event that the Responding Party does not object to a Claim within the Claim Objection Period, (A) the Responding Party will be deemed to have accepted and agreed to the Claim set forth in the Claim Notice and (B) the Purchaser Indemnified Persons’ or Seller Indemnified Persons’ right to recovery in respect of such Claim will be effective as of the day following the expiration of the Claim Objection Period.
In the event that the Insider Claim Objection Period Expires without a written objection to an Insider General Unsecured Claim being Filed, then such Insider General Unsecured Claim shall be deemed Allowed and shall receive the treatment set forth in Article III.C.8.No portion of the Litigation Trust Payment shall be subject to distribution and/or allocation to the Reorganized Debtors pursuant to Article IV.R.12.
In the event that the Responding Party does not object to a Claim within the Claim Objection Period, (A) the Responding Party shall be deemed to have accepted and agreed to the Claim set forth in the Claim Notice and shall be precluded from raising any objection thereto after the Claim Objection Period, and (B) the Claiming Parties right to payment in respect of such Claim (subject to this Article IX) shall be effective as of the day following the expiration of the Claim Objection Period.
If the Escrow Agent receives a Dispute Notice from the Shareholders' Agent within the Claim Objection Period, then the Escrow Agent shall, with respect to that portion of the Claimed Amount subject to such Dispute Notice, take the action described in section 2(b) below.
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If at any time the Shareholders' Agent gives a Dispute Notice within the applicable Claim Objection Period, then the Escrow Agent shall immediately reserve such amount in dispute, notify Metavante of the Dispute Notice, and promptly release to Metavante that portion of the Claimed Amount which is not subject to the Dispute Notice.
If the Claim Recipient does not deliver a Claim Dispute Notice to the Claimant prior to the expiration of the Claim Objection Period, then each claim for indemnification set forth in such Claim Certificate shall be deemed to have been conclusively determined in Claimant’s favor for purposes of this Article 7 on the terms set forth in the Claim Certificate.
If no Claim Objection Notice is received by the Escrow Agent within the Claim Objection Period, the amount of the Claim set forth in the applicable Claim Notice (or, if less, the then remaining Escrow Fund) shall be paid by the Escrow Agent to or as directed by Buyer therein out of the Escrow Fund within three (3) Business Days following the end of the Claim Objection Period.
In the event that Indemnifying Party does not accept a Claim within the Claim Objection Period, Indemnifying Party will be deemed to have rejected the Claim set forth in the Claim Notice.