Estimated Claim Amount definition

Estimated Claim Amount means the amount designated by the Parent Representative to be the amount of any Claim for which a Claim Notice has been delivered.

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Estimated Claim Amount means the lesser of (i) the filed amount of a Disputed Claim as asserted by the Holder of such Claim; (ii) the estimated maximum amount of a Disputed Claim that could become Allowed as agreed to by the Holder of such Claim, BDCM and the Chapter 11 Trustee prior to the Effective Date or the Liquidating Trustee following the Effective Date; or (iii) the maximum estimated amount of a Disputed Claim that could become Allowed as determined by the Bankruptcy Court pursuant to section 502 of the Bankruptcy Code.

Estimated Claim Amount means the amount designated by the Parent to be the amount of any Claim for which an Officer's Certificate has been delivered. Escrow Agent shall have no liability or responsibility to question or determine the accuracy or the reasonableness of any Estimated Claim Amount.

Examples of Estimated Claim Amount in a sentence

• Upon receipt of any Claim Notice, the Escrow Agent shall promptly make entries or notations in the account records relating to the Escrow Funds, indicating that Escrow Funds, in the amount of the Estimated Claim Amount are reserved to satisfy such Claim, and identifying the date and number of such Claim Notice (“Escrow Notation”).

• Upon receipt of any Claim Notice, Escrow Agent shall promptly make entries or notations in the account records relating to the Escrow Funds, indicating that funds in the amount of the Estimated Claim Amount are reserved to satisfy such Claim, and identifying the date and number of such Claim Notice.

• Delivery of notices of Estimated Reserve Amounts and delivery of Joint Written Direction and the amounts of any Estimated Claim Amount or payment to Purchaser or Sellers in accordance with the terms of this Agreement shall be recorded in the internal account records maintained by Escrow Agent relating to the Escrow Account.

• Notwithstanding the provision of paragraph 3(a) and subject to the provisions of paragraph 3(c), once a Notice of Claim has been served an amount equal to the Estimated Claim Amount shall be deducted from the Retained Amount and retained in the Escrow Account until such time as all Claims asserted prior to the Escrow Payment Date have been determined by a court of competent jurisdiction or settled by agreement of the parties.

• Escrow Agent shall have no liability or responsibility to question or determine the accuracy or reasonableness of any Estimated Claim Amount.

More Definitions of Estimated Claim Amount

Estimated Claim Amount means the amount designated by the Buyer Representative to be the amount of any Claim for which a Claim Notice has been delivered.

Estimated Claim Amount means the sum of the values of (i) all Damages with respect to any all uncontested Claims, plus (ii) all Damages with respect to any contested Claims that have been resolved in favor of the Acquiror as of the Final Release Date, plus (iii) Acquiror's reasonable good faith estimate of the Damages claimed under any contested Claim unresolved as of the Final Release Date, in each case for which the Shareholders have not indemnified Acquiror in cash as of the Final Release Date and as to which the Acquiror has elected to proceed under Section 12.1.

Estimated Claim Amount means the amount designated by the Indemnitee's Representative to be the amount of any Claim for which a Claim Notice has been delivered. Escrow Agent shall have no liability or responsibility to question or determine the accuracy or reasonableness of any Estimated Claim Amount.

Estimated Claim Amount means the amount designated by the ACE*COMM Representative to be the amount of any Claim (and the number of shares that represent that amount) for which a Claim Notice has been delivered. For purposes of determining the number of Escrow Shares to be paid in any payment of an Estimated Claim Amount, the Escrow Shares shall be valued for purposes of this Escrow Agreement at the per share price set forth in Schedule A.

Estimated Claim Amount means (i) Parent's good faith estimate of the Damages or Stockholder Damages claimed under any disputed Claim unresolved as of the Release Date, divided by (ii) the Closing Price.

Estimated Claim Amount has the meaning set forth in Section 9.3(a)(i).

Estimated Claim Amount means the Indemnified Person's good faith estimate of the Damages claimed under any disputed Claim unresolved as of the Hold-Back Release Date.