Formal Claim definition
Examples of Formal Claim in a sentence
Unless a notice of Claim and the Formal Claim is made in accordance with the time requirements of this Section, it shall be deemed waived.
The deadline for Issuer’s Formal Claim Service to resolve the complaint or claim is fifteen business days from the date the complaint or claim is submitted to Issuer.
Within 3 days of the receipt of the Formal Claim Form, the Professional Rights and Responsibilities Committee shall rule if said claim constitutes a legitimate grievance.
Negotiations in response to the NOPC will not extend the time to file the Formal Claim.
To the extent any amounts remain in the General Liability Escrow Account (the “Remaining Escrow Amounts”) after the time periods set forth in Sections 2.9(e)(ii), (iii) and (iv), subject to Section 2.9(f), the Remaining Escrow Amounts shall be disbursed to the Seller Parties upon the final resolution of any then outstanding Formal Claim (to the reasonable satisfaction of the Purchaser, based upon supporting documentation provided by the Seller Parties).
Unless Design-Builder provides a notice of Claim and the Formal Claim is made in accordance with the time requirements of this Section, Design-Builder’s Claim shall be deemed waived.