Derivative Claim definition

Derivative Claim means a claim made by an eligible member of a company or other body corporate for a remedy where the company or other body corporate is alleged to be entitled to that remedy, “eligible member” having the meaning given in section 282(3) of the Companies Regulations.

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Derivative Claim means a claim that derives from the Claim alleged by the Person whose gallbladder was injured.

Derivative Claim means a claim (as defined in section 101(5) of the Bankruptcy Code) or cause of action that is the property of any of the Debtors’ Estates pursuant to section 541 of the Bankruptcy Code.

Examples of Derivative Claim in a sentence

• For avoidance of doubt, a release is not required from the spouse of a plaintiff if the spouse did not assert a Derivative Claim in the complaint.

• Promptly after receiving a Notice of Claim from the Indemnified Party (other than in respect of a Derivative Claim), the Corporation may, by providing notice in writing to the Indemnified Party, or the Corporation shall, upon the written request of the Indemnified Party, assume conduct of the defence thereof in a timely manner and retain counsel on behalf of the Indemnified Party who is reasonably satisfactory to the Indemnified Party, to represent the Indemnified Party in respect of the Claim.

• Indemnitee shall be entitled to the rights of indemnification provided in this Section 3 if, wholly or partly by reason of his or her Corporate Status (as hereinafter defined), Indemnitee is, or is threatened to be made, a party to or otherwise becomes involved (as a witness or otherwise) in any threatened, pending or completed Proceeding (as hereinafter defined), including a Derivative Claim.

• In order to be eligible for compensation, Derivative Claimants must complete the Derivative Claim Form and proof of one’s relationship to the Eligible Primary Claimant is required.

• Promptly after receiving a Notice of Claim from the Indemnified Party (other than in respect of a Derivative Claim), the Indemnifier may, by providing notice in writing to the Indemnified Party, or the Indemnifier shall, upon the written request of the Indemnified Party, assume conduct of the defence thereof in a timely manner and retain counsel on behalf of the Indemnified Party who is reasonably satisfactory to the Indemnified Party, to represent the Indemnified Party in respect of the Claim.

More Definitions of Derivative Claim

Derivative Claim means a claim of a Person other than the Person who allegedly used NuvaRing, which claim derives from the Claim alleged by the Person who allegedly used NuvaRing.

Derivative Claim means a claim or cause of action that is property of any of the Debtors' Estates pursuant to section 541 of the Bankruptcy Code.

Derivative Claim means a claim (as defined in section 101(5) of the Bankruptcy Code) or cause of action that is the property of any of the Debtors’ Estates pursuant to section 541 of the Bankruptcy Code, including, without limitation, those claims and causes of action asserted in Staehr v. Burns et al., Civil Action No. 3:06-cv-07069-JGC, N.D. Ohio (2006) and Casden v. Burns et al., Civil Action No. 3:06-cv-07068-JGC, N.D. Ohio (2006).

Derivative Claim means a claim for bodily injury asserted by a person who was not physically injured in an occurrence and was not exposed to an unreasonable risk of physical injury in that occurrence by direct contact with your aircraft.

Derivative Claim means a claim that is property of any of the Debtors' Estates pursuant to section 541 of the Bankruptcy Code and any state or federal fraudulent conveyance, fraudulent transfer, preference, avoidance and other similar claims and causes of action for the benefit of creditors that the Debtors are authorized to pursue in accordance with the Bankruptcy Code and other applicable law.

Derivative Claim means a Proceeding by or in the right of the Corporation to procure a judgment in its favor.

Derivative Claim has the meaning set out in Section 2.1(c)(i);