General Claims definition
Examples of General Claims in a sentence
In case of General Claims, if there are no funds available for payment in the General Estate Assets, the Corporate Services Provider, the Security Trustee or the Shareholder may not take any further steps against the Issuer to recover any General Claims still unpaid.
Notwithstanding the foregoing, Best Theratronics will not be required to indemnify, defend and hold ViewRay and its Affiliates and their respective directors, officers, employees and agents harmless from and against any General Claims Against ViewRay to the extent that such claims arise out of (i) ViewRay’s negligent acts or omissions or willful misconduct; or (ii) ViewRay’s or third party’s improper use, handling or transport of Medical Cobalt-60 Sources.
No Company Indemnified Party may recover any Damages in respect of Parent General Claims unless and until Damages in the aggregate under all Claims that have been incurred, paid or properly accrued exceed the Deductible, in which case the Company Indemnified Parties may recover all Damages in excess of the deductible.
A General Claims Notice must (A) be signed by an officer of Parent, (B) describe the General Liability Claim in reasonable detail and (C) indicate the amount of the Loss that has been or may be paid, suffered, sustained or accrued by the Indemnified Persons.
To the extent that the amount of a Loss is not determinable as of the date of delivery of a General Claims Notice, Parent may deliver a General Claims Notice stating the maximum amount of Loss that Parent in good faith estimates or anticipates that an Indemnified Person may pay or suffer; provided, however, that Parent’s provision of an estimated or anticipated amount of Loss will not limit the Loss recoverable or recovered by an Indemnified Person.