Claimed Party definition

Claimed Party has the meaning given to it in Clause 14.1;
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Claimed Party means a Counterparty against which a Claiming Party is exercising its rights to an indemnity under paragraph 7.3;
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Examples of Claimed Party in a sentence

  • Failure to give notice within such period shall not affect the rights of Mergeco except if and to the extent that the Claimed Party is prejudiced by the failure.

  • None of the limitations contained in this Clause 10 shall apply to any Claim which arises or is increased, or to the extent to which it arises or is increased, as the consequence of, or which is delayed as a result of, fraud, wilful misconduct, wilful concealment or gross negligence by the Claimed Party, or any of their respective directors, officers, employees or agents.

  • The Claimed Party shall not be liable under this Agreement unless and until the liability in respect of which the Claim is made has become due and payable and is accepted or confirmed by an arbitral award, reached pursuant to Clause 14.1 below.

  • The Claiming Party shall not be entitled to recover from the Claimed Party under this Agreement more than once in respect of the same Losses suffered.

  • If the Claimed Party does not give notice during that period, the Claiming Party shall be entitled in its absolute discretion to settle, compromise, or resist any action, proceedings or claim out of which the relevant Claim or liability to a third party may arise.

  • The Claimed Party shall not be liable under this Agreement in respect of any liability or Claim which is contingent unless and until such contingent liability or Claim becomes an actual liability or Claim and is due and payable pursuant to a judicially or administrative enforceable decision.

Related to Claimed Party

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

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

  • Claimed Amount means the amount of any Damages incurred or reasonably expected to be incurred by the Indemnified Party.

  • Infringement Claim has the meaning set forth in Section 8.2(a).

  • Indemnified Party’s Group means the Seller Group (with respect to a Seller Indemnified Party) or the Purchaser Group (with respect to a Purchaser Indemnified Party).

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

  • Third Party Infringement Claim has the meaning set forth in Section 23.5.1.

  • Buyer Indemnified Party has the meaning set forth in Section 8.2.

  • 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.

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

  • Third Person Claim has the meaning specified in Section 11.4(a).

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

  • Seller Indemnified Party has the meaning set forth in Section 7.2.

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

  • AWR Claim means any complaint or claim to a tribunal or court made by or on behalf of the Agency Worker against the Hirer and/or the Employment Business for any breach of the AWR;

  • Tax Indemnified Party shall have the meaning set forth in Section 7.6(d).

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

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

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

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

  • Company Indemnitee has the meaning set forth in Section 7.2(b).

  • Buyer Indemnified Persons has the meaning set forth in Section 8.2.

  • Company Indemnified Party has meaning set forth in Section 8(b) hereof.

  • IPR Claim means any claim of infringement or alleged infringement (including the defence of such infringement or alleged infringement) of any IPR, used to provide the Services or as otherwise provided and/or licensed by the Supplier (or to which the Supplier has provided access) to the Authority in the fulfilment of its obligations under this Framework Agreement;

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

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