Leakage Claim has the meaning given in clause 5.5;
Leakage Claim has the meaning set forth in Section 3.4(d).
Examples of Leakage Claim in a sentence
In conjunction with the Head of PFM develop and monitor budgets agreed in relation to areas of responsibility.
If any Party disputes any Claims relating to any Leakage (“ Leakage Claim Dispute”), the dispute shall be resolved in accordance with the provisions of Schedule 7.
XIV, § 1 , available at http://www.archives.gov/exhibits/charters/constitution_amendments_ 11-27.html; see Hague v.
Any payment made under this Agreement pursuant to a Leakage Claim shall be treated as an adjustment to the Consideration.
The parties acknowledge and agree that notwithstanding any other provision of this Agreement none of the provisions of clause 10.1 or Schedule 5 shall apply to any Leakage Claim.
More Definitions of Leakage Claim
Leakage Claim means a claim under the indemnity in Clause 4.5 or Clause 4.6, as applicable;
Leakage Claim means any Claim by the Purchaser in connection with any actual or alleged breach, untruthfulness, incorrectness and/or inaccuracy of the Leakage Warranty;
Leakage Claim means a claim for a breach by any Seller of the warranty or undertaking in clause 8.1;
Leakage Claim means a claim for any breach of clause 6;
Leakage Claim means any Claim by the Purchaser in connection with any actual or alleged breach, untruthfulness, incorrectness and/or inaccuracy of the Leakage Warranty; “Leakage Warranty” means the Seller Warranty under paragraph 7 (No Leakage) of Schedule 6; “Locked Box Accounts” means the financial statements of the Company as at 30 September 2017, a copy of which is attached hereto as Schedule 8; “Locked Box Date” means the reference date of the Locked Box Accounts; “Long Stop Date” shall have the meaning set forth under Clause 4.3; “Loss” means, in respect of any fact, event or circumstance, damages, payments, losses, costs, expenses or other liabilities (including all interest, penalties and, to the extent reasonably and properly incurred, legal and professional costs and expenses) arising or incurred as a result of or in connection with such matter, event or circumstance, as determined in accordance with the Code (including, for the avoidance of doubt, articles 1223, 1225, 1226 and 1227 of the Code) and this Agreement (it being acknowledged and agreed that, subject to the limitations of liability set out in this Agreement, in respect of any breach of Seller Warranty the Seller shall compensate the Purchaser for any Loss of the Purchaser or the Company which results from such breach); “Machine Lease” means the lease agreement between the Company and Brabant Alucast International B.V. regarding the lease of a Chiron Mill Vertical Machining Centre dated 20 March 2017; “Management Accounts” means the Company’s management accounts relating to the period of 9 months comprised between 1 January and 30 September 2017, a copy of which is attached hereto as Schedule 9; “Management Services Agreements” means: (i) a management services agreement between the Seller and the Company dated 20 December 2013; and (ii) a management services agreement between, amongst others, Project Horizon Coöperatief U.A. and the Company dated 7 July 2016; “Net [*] Payment Amount” means an amount equal to EUR 282,000 or any higher net amount paid (whether in cash and/or by way of offset against amounts due from [*] to the Company) by the Company in accordance with the final settlement of the [*] Claim; “Notary” means an Italian public notary designated by the Purchaser; “Notice of Claim” a written notice to the Seller, given by or on behalf of the Purchaser in relation to any Claim and specifying, in reasonable detail, the matter(s) which give rise to the claim, the nature of the claim and (to the...