Examples of Covered Claim in a sentence
The Indemnifying Party may not agree to any settlement of a Covered Claim that contains an admission of fault or otherwise materially and adversely impacts the Protected Party without the prior written consent of the Protected Party.
Notwithstanding any other provision of this Agreement, if either you or we elect to arbitrate a Covered Claim, neither you nor we will have the right: (a) to participate in a class action, private attorney general action or other representative action in court or in arbitration, either as a class representative or class member; or (b) to join or consolidate Covered Claims with claims of any other persons.
Prior to initiating a Covered Claim, you must give us a written Notice describing the basis of your Covered Claim and the amount you would accept in resolution of the Covered Claim, and a reasonable opportunity, not less than thirty (30) days, to resolve the Covered Claim.
If required by settlement or court order, or if deemed reasonably necessary in response to a Provider Covered Claim, Provider may: (a) obtain the right for Customer to continue using the Product; (b) replace or modify the affected component of the Product without materially reducing the general functionality of the Product; or (c) if neither (a) nor (b) are reasonable, terminate the affected Order Form and issue a pro-rated refund of prepaid Fees for the remainder of the Subscription Period.
A Protected Party may participate in a Covered Claim for which it seeks protection with its own attorneys only at its own expense.