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 11.6.
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Examples of Disputed Sums in a sentence

  • Reading the section as a whole, the court determines that section (b) provides a provision for the immediate return of the Aircraft upon KACC’s alleged breach and that also provides for KACC’s protection by requiring the escrow of Disputed Sums.

  • If Lessee exercises its right to appeal, challenge, or seek modification of the Disputed Sums and a bond or deposit is required to be tendered to prosecute the appeal, then Xxxxxx shall also bdie solely responsible to providing such bond or deposit.


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 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 Lender means any creditor on the Company's panel of lenders with which the Company enters into an agreement for the purpose of introducing Customers to that creditor in respect of Loans. Loan means any financial agreement offered or entered into by a Customer with a Lender.
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Related to Disputed Sums

  • Disputed Amounts as used in Section 11.9 below, means the amount that the Disputing Party contends is incorrectly billed.

  • 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 2.5(e).

  • Disputed Items has the meaning set forth in Section 2.3(b).

  • After-imposed tax means any new or increased Federal, State and local excise tax or duty, except social security or other employment taxes, on fuel oil purchased under any contract to be awarded hereunder which the contractor is required to pay or bear the burden of as the result of legislative, judicial, or administrative action taking effect after the date of contract award.

  • 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.

  • Disputed Claim means any Claim that is not Allowed.

  • Estimated taxes means the amount that the taxpayer reasonably estimates to be the taxpayer's tax liability for a municipal corporation's income tax for the current taxable year.

  • 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.

  • 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.

  • 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 has the meaning set out in Article 19.2.1.

  • Final Determination means the final resolution of liability for any Tax for any taxable period, by or as a result of (a) a final decision, judgment, decree or other order by any court of competent jurisdiction that can no longer be appealed, (b) a final settlement with the IRS, a closing agreement or accepted offer in compromise under Sections 7121 or 7122 of the Code, or a comparable agreement under the Laws of other jurisdictions, which resolves the entire Tax liability for any taxable period, (c) 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 or credit may be recovered by the jurisdiction imposing the Tax, or (d) any other final resolution, including by reason of the expiration of the applicable statute of limitations or the execution of a pre-filing agreement with the IRS or other Taxing Authority.

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

  • Tax Advances has the meaning set forth in Section 5.07.

  • 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;

  • Claimed Amount means the amount of any Damages incurred or reasonably expected to be incurred by the Indemnified Party.

  • Overpayment means payment in excess of the required fee. Overpayment of less than $10 received by the board shall not be refunded.

  • Closing Statement means the Closing Statement in the form on Annex A attached hereto.