Claim Recipient definition

Claim Recipient has the meaning given in clause 16.6(a).
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Claim Recipient shall have the meaning specified in Article 8.6(a).
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Claim Recipient means any Party against whom a Claim is made under this Agreement or any Reorganisation Agreement;
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Examples of Claim Recipient in a sentence

  • If one Claim Recipient’s liability for Claims pursuant to paragraph (b) exceeds US$250 million but the other’s liability for Claims is US$250 million or less, then for the purposes of determining the net amount payable by one Claim Recipient to the other under this paragraph (e), a Claim Recipient will be deemed to be liable to make payments to the other under paragraph (b) even if the aggregate amount of its liability under paragraph (b) is US$250 million or less.

  • A Claim Recipient will be liable in respect of all such Claims and not merely the excess.

  • A Claim Recipient will not be liable for any single Claim which is less than US$50 million and any single Claim less than US$50 million (not being one of a number of claims arising from substantially the same facts, matters or circumstances, which, in aggregate, exceed US$50 million) will be disregarded in calculating the aggregate amount of all Claims against a Claim Recipient.

  • The Claim Recipient shall not take any action which would be detrimental to the other Party’s interests.

  • No Claim Recipient shall be liable to pay any amount in discharge of a Claim under this Agreement or any Reorganisation Agreement unless and until the liability in respect of which the Claim is made has become due and payable.

  • The other Party shall provide, against refund of cash expenses, the Claim Recipient and/or its Affiliates with all assistance reasonably required by them to engage and pursue such claim or any proceedings resulting from such claim to a satisfactory conclusion.

  • Reallocation of costs and/or fees associated with an approved Claim: In support of reallocating the costs and/ or fees associated with an approved BEP Claim, Recipient shall attach the following documentation to this Waiver Form: (a) a narrative detailing the reason(s) why Recipient seeks to reallocate the fees and/or costs associated with an approved Claim;(b) the Claim receipt; and(c) the new designation for the approved cost.

  • The Claim Recipient shall have the right to assume full responsibility, at its sole expense, for the defense of such claim and to make any offer or agree any settlement of such claim.

  • The Claimant or member of the Claimant’s Group may not compromise, dispose of or settle any such action against a third party without the consent of the potential Claim Recipient, such consent not to be unreasonably withheld.

  • If the Claim Recipient does not deliver a Claim Dispute Notice to the Claimant prior to the expiration of such thirty (30) day period, then each claim for indemnification set forth in such Officer’s Claim Certificate shall be deemed to have been conclusively determined in Claimant’s favor for purposes of this Article XI on the terms set forth in the Claim Certificate.


More Definitions of Claim Recipient

Claim Recipient means any Party against whom a Claim is made under this Agreement or any Reorganisation Agreement; “Completion Date” means 1 April 2005; “Control” means, in relation to a company, direct or indirect control (1) of the affairs of that company, or (2) over more than 50 per cent. of the total voting rights conferred by all the issued shares in the capital of that company which are ordinarily exercisable in general meeting or (3) of the composition of the main board of directors of the company; “Dispute” means any dispute or difference of whatsoever nature arising under, out of, in connection with or in relation (in any manner whatsoever) to the Reorganisation Agreements including (i) any dispute or difference concerning the initial or continuing existence of this Agreement or any provision thereof, or as to whether this Agreement or any provision thereof is invalid, illegal or unenforceable
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Related to Claim Recipient

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

  • Third party claimant means any individual, corporation, association, partnership, or other legal entity asserting a claim against any individual, corporation, association, partnership, or other legal entity insured under an insurance policy or insurance contract.

  • Third Party Claim has the meaning set forth in Section 8.3.

  • Intended Recipient means any person or party to whom any Messages are intended by the sender to be sent through or incidental to any of the Tradelink Services.

  • Designated recipient means a person chosen by a user using an online tool to administer digital assets of the user.

  • Sub-Recipient means a partner, joint venturer, director, employee, agent and subcontractors of a Recipient to whom a Recipient must disclose Confidential Information.

  • Indemnified Party shall have the meaning set forth in Section 5(c).

  • Buyer Indemnitee has the meaning set forth in Section 8.1(b).

  • injured party means any person entitled to claim compensation in respect of any loss or injury caused by a vehicle;

  • Nominated Recipient means a person appointed by You to receive particular FIT Payments and recorded as such on the Central FiT Register;

  • Seller Indemnitee has the meaning set forth in Section 9.2(b).

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

  • Indemnified Person has the meaning set forth in Section 11.3.

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

  • Indemnifying Person shall have the meaning set forth in Section 5(c) hereof.

  • Indemnifying Party shall have the meaning set forth in Section 5(c).

  • Tax Indemnitee as defined in Section 3.01(5).

  • Covered Party has the meaning assigned to it in Section 9.21.

  • Aggrieved party means a party entitled to pursue a remedy.

  • Payment Recipient has the meaning assigned to it in Section 11.12(a).

  • Purchaser Indemnitee As defined in Section 6(a) hereof.

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

  • Direct Claim has the meaning set forth in Section 8.05(c).

  • Grant Recipient means the national government or a national government entity authorised to control or spend money under this Act or an incorporated or unincorporated body not otherwise authorised to control or spend money under this Act;

  • Indemnitee has the meaning assigned to such term in Section 9.03(b).

  • Primary recipient means any recipi- ent which is authorized or required to extend or distribute Federal financial assistance to another recipient.