Disputed Sums definition

Disputed Sums means in the case of each Ground Lease Property (each a “Disputed Sum GL Property”) for which a Clean Ground Lessor Estoppel Certificate is delivered that is otherwise acceptable but which identifies a dispute that Mezzanine Lender reasonably determines can be cured by payment to the Fee Owner of a liquidated sum (each a “Disputed Sum GL Estoppel”), the liquidated sums, collectively.
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Disputed Sums means that part of a sum of money which has been invoiced by the Affiliate to the Company, which the Company claims, on bona fide grounds, it is not liable to pay, and in respect of which the Company has given the Affiliate a notice in accordance with clause 11.6. Event of Force Majeure means a serious event or occurrence which materially and substantially effects either Party's ability to perform its obligations under this Agreement being an event or occurrence which is beyond the reasonable control of the affected Party not being an event which is either: (1) attributable to or contributed to by the deliberate act, omission or negligence of the Party relying on the Event of Force Majeure; and/or (2) to minimise and mitigate the effect of the event or occurrence (including where agreed the implementation of a disaster recovery or business interruption plan, protocol or procedure). Subject to the foregoing the following events or occurrences are examples of Events of Force Majeure: acts of God, natural disturbances (i.e. an earthquake, serious weather conditions, naturally occurring floods or fires), war, civil unrest or commotion, official national strikes or official national labour disputes as defined in the Trade Union and Labour Relations Act 1992. For the avoidance of doubt strikes or labour disputes which solely affect the workforce of the Party relying on the Event of Force Majeure shall not by themselves be considered Events of Force Majeure. FCA means Financial Conduct Authority in the United Kingdom and anybody which supersedes it. FOS means the Financial Ombudsman Service in the United Kingdom and anybody which may supersede it. ICO means the Information Commissioner's Office and anybody, which may supersede it.
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Disputed Sums means that part of a sum of money which has been invoiced by the Affiliate to the Company which the Company claims, on bona fide grounds, it is not liable to pay, and in respect of which the Company has given the Affiliate a notice in accordance with Clause 10.6. Event of Force Majeure means a serious event or occurrence which materially and substantially effects either Party's ability to perform its obligations under this Agreement being an event or occurrence which is beyond the reasonable control of the affected Party not being an event which is either: (1) attributable to or contributed to by the deliberate act, omission or negligence of the Party relying on the Event of Force Majeure; and/or (2) to minimise and mitigate the effect of the event or occurrence (including where agreed the implementation of a disaster recovery or business interruption plan, protocol or procedure). Subject to the foregoing the following events or occurrences are examples of Events of Force Majeure: acts of God, natural disturbances (i.e. an earthquake, serious weather conditions, naturally occurring floods or fires), war, civil unrest or commotion, industrial action. For the avoidance of doubt industrial action which solely affect the workforce of the Party relying on the Event of Force Majeure shall not by themselves be considered Events of Force Majeure. COSL means the Credit Ombudsman Service Limited and any body which may supersede it OAIC means the Office of the Australian Information Commissioner Office or any body which may supersede it. Iframe means the source computer coding supplied to Affiliates by the Company for integration onto the Affiliate's website for the purpose of collating customer information and posting the data to a panel of lenders as an intermediary to the loan process. Intellectual Property Rights means patents, rights to inventions, copyright and related rights, trade marks, trade names and domain names, rights in get-up, goodwill and the right to sue for passing off, unfair competition rights, rights in designs, rights in computer software, database rights, topography rights, rights to use and preserve the confidentiality of information (including know-how and trade secrets) and any other intellectual property rights, in each case whether registered or unregistered and including all applications (or rights to apply) for and be granted, renewals or extensions of, and rights to claim priority from, such rights and all similar or equivalent rights ...
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Examples of Disputed Sums in a sentence

  • Subject to clause 14 (Disputed Sums), the provision of the Services and the payment of fees shall not be affected or suspended in the event of and during any Dispute.


More Definitions of Disputed Sums

Disputed Sums means that part of a sum of money which has been invoiced by the Affiliate to the Company, which the Company claims, on bona fide grounds, it is not liable to pay, and in respect of which the Company has given the Affiliate a notice in accordance with clause 11.6.
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Related to Disputed Sums

  • Disputed Amounts has the meaning set forth in Section 2.04(c)(iii).

  • Undisputed Amounts has the meaning set forth in Section 2.04(c)(iii).

  • Disputed means, with respect to any Claim or Interest, any Claim or Interest that is not yet Allowed.

  • Disputed Amount means an amount which Customer disputes. A Disputed Amount may relate to the whole or part of an invoice(s).

  • Disputed Item has the meaning set forth in Section 1.3(c).

  • Disputed Items has the meaning set forth in Section 3(b)(3)(A).

  • Reconciliation Dispute has the meaning set forth in Section 7.9 of this Agreement.

  • Undisputed as used herein shall mean any amount that the Subscribing Reinsurer has not contested in writing to the Company specifying the reason(s) why the payments are disputed.

  • Other Taxes means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 3.06).

  • Disputed Claim means any Claim that is not Allowed.

  • Notice of Disagreement has the meaning set forth in Section 2.4(c).

  • Disputed Claims Reserve means a reserve of Cash that may be funded on or after the Effective Date pursuant to Article VII.E hereof.

  • Tax Dispute has the meaning set forth in Section 5.06.

  • Billing Dispute means the dispute of an invoice prepared by an Operator to the Other Operator which is made in good faith.

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.

  • Covered Taxes means any and all U.S. federal, state, local and foreign taxes, assessments or similar charges that are based on or measured with respect to net income or profits, whether as an exclusive or an alternative basis (including for the avoidance of doubt, franchise taxes), and any interest imposed in respect thereof under applicable law.

  • Claim Expenses means reasonable documented attorneys’ fees and all other reasonable documented out-of-pocket costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any Claim, including any Action relating to a claim for indemnification or advancement brought by an Indemnified Party as contemplated in Section 7.5.

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Billing Dispute Notice means a formal, written notice submitted to HUGE by the Customer in terms of this Procedure.

  • Disagreement means a difference of opinion between personnel of a reporting issuer responsible for finalizing the reporting issuer’s financial statements and the personnel of a predecessor auditor responsible for authorizing the issuance of audit reports on the reporting issuer’s financial statements or authorizing the communication of the results of the auditor’s review of the reporting issuer’s interim financial report, if the difference of opinion

  • Expert Determination the process described in Paragraph 6 of Schedule 8.3 (Dispute Resolution Procedure);

  • Final Determination means the final resolution of liability for any Tax for any taxable period, by or as a result of (i) a final and unappealable decision, judgment, decree or other order by any court of competent jurisdiction; (ii) a final settlement with the IRS, a closing agreement or accepted offer in compromise under section 7121 or section 7122 of the Code, or a comparable agreement under the laws of other jurisdictions, which resolves the entire Tax liability for any taxable period; (iii) any allowance of a refund or credit in respect of an overpayment of Tax, but only after the expiration of all periods during which such refund may be recovered by the jurisdiction imposing the Tax; or (iv) any other final disposition, including by reason of the expiration of the applicable statute of limitations.

  • Accounting Referee has the meaning set forth in Section 6.01(c).

  • Seller Taxes has the meaning set forth in Section 11.1(f).

  • Indemnified Taxes means Taxes other than Excluded Taxes.

  • Relevant Dispute means any difference between the parties arising out of or in connection with this contract; "Relevant Force Majeure Event" has the meaning ascribed to it in Clause 17.1;