Leakage Claim Period definition
Examples of Leakage Claim Period in a sentence
To the extent that the Seller and the Purchaser fail to reach agreement prior to the Final Completion Schedule being so provided, the Purchaser shall be entitled, prior to the end of the Leakage Claim Period, to refer the determination of the quantum of the Available Reliefs and/or the Available Relief Amount to the Leakage Expert as if it were a claim for Leakage and the provisions of clause 4.4 and 4.5 shall apply (making the necessary changes) to such determination.
If the Buyer considers that any Leakage has occurred prior to the Completion Date, it may, during the Leakage Claim Period, give notice of such fact to the Sellers Representative setting out in reasonable detail the nature, timing and amount of such Leakage.
The liability of the Core Seller pursuant to this Section 3.4 shall terminate on the expiry of the Leakage Claim Period, save in respect of any Leakage duly notified by the Buyer in compliance with this Section 3.4 to the Core Sellers prior to that date.