Claim Rights definition
Examples of Claim Rights in a sentence
In certain cases, the Operator reserves the right to prevent Users from transferring (and) or acquiring Claim Rights on the Secondary Market in its sole discretion.
If Sellers and Purchaser agree in writing that Purchaser shall assume Corrective Action at a Site listed on Exhibit Z, or if an Agency shall require Purchaser to assume Corrective Action at a Site listed on Exhibit Z, as appropriate Seller will pursue Future Claim Rights.
Any and all Assignments of Existing Claims, Pending Claims or Future Claim Rights (collectively, “Claim Assignment”) to Purchaser pursuant to this Section 7.5 are intended to be in compliance with the terms specified in the Board Order entitled In the Matter of Petition of Lake Publishing Company, Order WQ 2000-06-UST (“the Order”).
In addition to the other provisions set forth in this Agreement, BUYER’s agreement to pay the Purchase Price for the Transferred Claim Rights is expressly subject to and conditioned upon SELLER’s receipt of the Prior Distributions including, but not limited to, SELLER’s receipt of all interim distributions authorized to be paid to SELLER pursuant to the Third Bulk Transfer Order.
If a claim by one Party is not delivered to the other Party, the penalty shall not be accrued and the Total Claim (Rights) Price shall not be reduced.
The consideration paid by BUYER to SELLER for the Transferred Claim Rights, the receipt and sufficiency of which are hereby acknowledged by SELLER, is the purchase price set forth in Schedule I (the “Purchase Price”).
Under this Agreement, the Cedent shall cede the Cessionary, while the Cessionary shall accept from the Cedent Claim (Rights) under the Register and pay the Cedent the Total Claim (Rights) Price for claim (Rights) ceded to the Cessionary.
From and after the Effective Date, SELLER shall remit to BUYER any payments and/or other distributions in respect of the Transferred Claim Rights, and shall deliver to BUYER any notices or other documents delivered to SELLER (and not publicly available), SELLER shall accept the same on behalf of BUYER, and will hold the same on behalf of and in trust for BUYER and will deliver same forthwith to BUYER in the same form received, with the endorsement of SELLER where necessary or appropriate.
Expiration of this Agreement shall not relieve the Parties from liability for its violation and the Cessionary from payment of the Total Claim (Rights) Price.
Without characterizing the Transferred Claim Rights as a “security” within the meaning of applicable securities laws, BUYER is not purchasing the Transferred Claim rights with a view towards the sale or distribution thereof in violation of the Securities Act provided, however, that BUYER may resell the Transferred Claim Rights if such resale is in compliance with Section 15.