De Minimis Claims definition

De Minimis Claims means any indemnification claim for which the amount of Losses claimed is less than $1,000 (providing that any series of claims arising from the same or substantially similar facts or circumstances shall be treated as one claim for such determination).
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De Minimis Claims is defined in Section 10.1(b).
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De Minimis Claims has the meaning given to it in paragraph 1.1(a) of Schedule 4;
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Examples of De Minimis Claims in a sentence

  • On, from and after the Plan Implementation Date, all Affected Claims will be fully and finally compromised and settled (and in the case of the Released Parties, De Minimis Claims and Equity Claims, released and discharged) to the extent provided for under the Plan.

  • No Investor shall be required to indemnify the Indemnified Parties pursuant to Section 4.5(b)(1) (1) with respect to any De Minimis Claim and (2) unless and until the aggregate amount of all Losses incurred with respect to all claims (other than De Minimis Claims) pursuant to Section 4.5(b)(1) exceed the Threshold Amount, in which event such Investor shall be responsible for the entire amount of such Losses.

  • De Minimis Claims ProcessingThe Claims Committee will determine a ‘de minimis threshold’ for claim amounts too small to warrant the normal claims process but which meet specific criteria for validation via a more simple/mechanistic process (e.g. fuel purchase invoice).

  • Purchaser shall not be required to indemnify the Indemnified Parties pursuant to Section 4.2(b)(1), (A) with respect to any De Minimis Claim and (B) unless and until the aggregate amount of all Losses incurred with respect to all claims (other than De Minimis Claims) pursuant to Section 4.2(b)(1) exceed the Threshold Amount, in which event Purchaser shall be responsible for only the amount of such Losses in excess of the Threshold Amount.

  • Class 6 consists of all De Minimis Claims (for avoidance of doubt means any creditor that would receive a distribution of $25.00 or less.


More Definitions of De Minimis Claims

De Minimis Claims have the meaning set out in Clause 8.4.2.
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De Minimis Claims has the meaning set forth in Section 8.2(c).
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De Minimis Claims shall have the meaning ascribed to it in Section 12.1(a) of this Agreement.
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De Minimis Claims has the meaning given in clause 11.6(a);
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De Minimis Claims shall have the meaning set forth in Section 8.2. DISCLOSURE LETTER shall mean the letter attached to this Agreement as Annex 8.5(b). Xxxxxx-Standard Project Falcon Annex 1.1 to Share Sale and Purchase Agreement DRAFT CLOSING DATE BALANCE SHEET shall mean the draft consolidated financial statements as specified in Annex 6.2. as at the Closing Date. ENVIRONMENTAL CONTAMINATION shall mean the contamination or pollution of (i) the air (including, without limitation, the air within buildings and other natural or manmade structures whether above or below ground), (ii) the water (including, without limitation, surface and ground water and water within pipes, drains or sewers), (iii) the land (including, without limitation, the soil, sub-soil, sediment or other terrestrial material), (iv) the organisms (including, without limitation, human beings), or (v) buildings, operational facilities and other property currently in use, above and below ground) by Hazardous Material that exists from the land, the buildings, the operational facilities (each as described above). ENVIRONMENTAL LAWS shall mean all international, European Union, national and regional laws (including without limitation royal decrees, legislative decree and law-decrees) and all national, regional and local rules implementing regulations, decrees and rules (including without limitation presidential, ministerial, regional or local regulations, decrees, ordinances, rules and circulars), in relation to all matters related to the pollution or protection of the environment and/or human health and safety, with any judicial or administrative interpretation of each of the foregoing, as in force and applied at the Closing Date.
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De Minimis Claims shall have the meaning as defined in Section 8.9.1 DIRECTOR shall have the meaning as defined in Section 1 DISCLOSURE DOCUMENTS shall have the meaning as defined in Section 8.6.3 DISCLOSURE SCHEDULES shall have the meaning as defined in Section 7.1.1
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De Minimis Claims means any indemnification claim for which the amount of
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