Financial Claim definition
Examples of Financial Claim in a sentence
The Grantee shall complete, sign, and submit the Certification of Compliance form (Exhibit C) and the Financial Claim form (included in your award packet), to the State Library within 30 days of receiving this award packet.
If the Net Financial Claim exceeds the Limited Ascertained Non-Financial Contract Liabilities, then the Limited Ascertained Non-Financial Contract Liabilities will be Reduced in full in accordance with Clause 60.1.4 and any remaining amount of Net Financial Claim after Appropriation in accordance with Clause 60.1.4 shall become an Ascertained Claim.
If (x) the Agent does not so notify JAKKS Pacific of an intention to dispute the Financial Claim prior to the expiration of the Release Notice Period, (y) joint instructions are so received regarding the Release Notice, or (z) a court of competent jurisdiction shall issue such an order providing that JAKKS Pacific is entitled to the Financial Claim, then JAKKS Pacific shall be entitled to give notice to the Escrowee to effect a release of funds in accordance with this Section 2.4.
The Grantee shall complete, sign, and submit Certification of Compliance form (Exhibit B) and the Financial Claim form (included in your award packet), to the California State Library within 14 days of receiving this award packet.
For a Signatory with a Net Financial Claim, subject to Clause 46.2 or Clause 48.3 (as applicable), the aggregate of all Asset Shortfall Claims shall be Valued as at the Date Before Administration and become an Ascertained Claim.
If the Net Financial Claim is less than the Limited Ascertained Non-Financial Contract Liabilities, then the Net Financial Claim will be Appropriated in full and any remaining Limited Ascertained Non-Financial Contract Liabilities that are not Reduced in accordance with Clause 60.1.4 shall remain outstanding as a Liability of the TA Signatory to the Company.
The Company shall Appropriate the Net Financial Claim towards the Reduction of the amount of the Limited Ascertained Non-Financial Contract Liabilities at the relevant Distribution Value Date.
These are exchanged for new rights: to have their Net Contractual Position, Allocations and Distributions determined on the basis set out in the Agreement; to claim as a new obligation of the Company their Net Financial Claim; and to have an Ascertained Claim (if any) for such amount as is determined under the Agreement - see section 10.1 (Ascertained Claim) below.
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Following all Appropriations and Distributions, to the extent that there is any excess Asset Shortfall Claim, Net Financial Claim or shortfall claim in Pre-Administration Client Money (whether or not a Client Money Collateralisation Election has been made) remaining or any Ascertained Shortfall Amounts, they will be Ascertained Claims, as described in section 10.1 (Ascertained Claim), of the relevant TA Signatory in the insolvency of the Company.