Contractual Claim definition
Examples of Contractual Claim in a sentence
The Parties agree to deal in good faith in the settlement or resolution of any Contractual Claim.
The fourth and final step in the Department’s Contractual Claim Resolution Process for claims arising under the Contract utilizing a non-binding mediation forum wherein an independent mediator is engaged in an attempt to resolve a claim presented by a Contractor.
The failure by a Party to give the other Parties a Claim Notice with respect to any actual or potential Contractual Claim within the period applicable by virtue of Section 5.1(b) shall relieve the Parties against whom the particular Contractual Claim is or may be made of any liability with respect to such Contractual Claim.
If the Closing occurs, the Vendors shall have no claims or rights of indemnification or contribution against the Company with respect to any Established Contractual Claim whatsoever hereunder including amounts recovered by the Purchaser from the Escrow Account.
Any Contractual Notice Form filed which does not provide all of the minimum information listed in this Subsection will be considered incomplete for the purpose of processing the claim under the Contractual Claim Resolution Process and no formal discussions or meetings concerning a claim filed on an incomplete Form will take place.
The Receiving Party shall not compromise or settle any Contractual Claim without the consent of the Notifying Party, not to be unreasonably withheld.
If no Contractual Claim has been made under this Agreement in accordance with the applicable provision in Section 9.1, prior to the expiry of the applicable survival period provided for, against a Party for any incorrectness or breach of any representation or warranty made in, or breach of any covenant, agreement or indemnity in, this Agreement by such Party, such Party shall have no further liability under this Agreement or otherwise with respect to such representation or warranty.
The failure to give such notice of intent to defend a Contractual Claim shall constitute a waiver of the Receiving Party's right to defend such Contractual Claim under this Section 9.1(b) and shall preclude the Receiving Party from disputing the manner in which the Notifying Party may in good faith conduct the defence of such Contractual Claim or the reasonableness of any amount paid in good faith by the Notifying Party in satisfaction of such Contractual Claim.
Only those claims properly reserved, as provided for in Subsection 107.02, and which are unresolved after completing Steps I and II of the Contractual Claim Resolution Process for the resolution of contract claims, are eligible for review by the Department Claims Committee to the extent provided in that Subsection.
The Purchaser shall preserve such data and other information as may reasonably be required in connection with a Contractual Claim until the end of the limitation period applicable by virtue of Section 5.1(b).