Notice of Direct Claim definition

Notice of Direct Claim has the meaning ascribed to it in Section 8.6.
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Notice of Direct Claim has the meaning ascribed to such term in Section 9.6(f).
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Notice of Direct Claim has the meaning specified in Section 3.7(b)(i)(A);
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Examples of Notice of Direct Claim in a sentence

  • The Notice of Direct Claim shall set forth the amount, if known, or, if not known, an estimate of the foreseeable maximum amount of claimed Losses (which estimate shall not be conclusive of the final amount of such Losses) and a description of the basis for such claim.

  • The lack of a response from the Indemnifying Party to a Notice of Direct Claim shall be interpreted as its agreement to the obligation to indemnify relating thereto.

  • If the parties are unable to resolve the Direct Claim within thirty (30) days of the Indemnifying Party's receipt of the Notice of Direct Claim, then the parties shall be entitled to resolve the same in a court of law (subject to the provisions of Section 15.20 hereof).

  • The Indemnifying Party shall respond to the Notice of Direct Claim within up to 15 Business Days as from receipt of such notice, informing whether it agrees or disagrees with the content of the Notice of Direct Claim and the resulting obligation to indemnify.

  • The Indemnified Party’s failure to send a Notice of Direct Claim in the timing set forth herein shall exempt the Indemnifying Party from the indemnification obligation set forth in this Article 8.

  • If the Stockholders’ Representative on behalf of the Indemnifying Parties does not give notice to the Indemnified Party that they dispute such claim within thirty (30) days after its receipt of the Notice of Direct Claim, the claim specified in such Notice of Direct Claim will be conclusively deemed a Loss subject to indemnification hereunder.

  • Each Notice of Direct Claim shall set forth (i) a brief description of the nature of the claim and the basis therefor, (ii) the total amount of the actual out-of-pocket Loss or the anticipated potential Loss (including any costs or expenses which have been or may be reasonably incurred in connection therewith), and (iii) whether such Loss may be covered (in whole or in part) under any insurance and the estimated amount of such Loss which may be covered under such insurance.

  • Should the Indemnifying Party agree to be liable for the payment of the Loss in question, and with the amount presented in the Notice of Direct Claim (or should the Indemnifying Party fail to respond to a Notice of Direct Claim within the term set forth in Section 9.3.2), the Direct Claim shall be construed as a notice of Loss for the purposes of this Agreement and, subject to provisions of this ARTICLE 9, the Indemnifying Party shall pay to the Indemnified Party the claimed indemnity.

  • The Indemnifying Party will have thirty (30) days from receipt of such Notice of Direct Claim to dispute the claim by providing written notice of such objection, which notice shall describe the grounds for such objection in reasonable detail.

  • If the amount of Losses set forth in a Notice of Direct Claim are estimated or not fully known at the time the Notice of Direct Claim is delivered, the Indemnified Party shall from time to time notify the Purchaser, if the Purchaser is the Indemnifying Party, or Seller Representative, if either of the Sellers is the Indemnifying Party, of the revised amount of Losses with respect to such indemnification claim as the same are finally determined).


More Definitions of Notice of Direct Claim

Notice of Direct Claim shall have the meaning ascribed thereto in SECTION 8.3. "NOTICE OF THIRD PARTY CLAIM" shall have the meaning ascribed thereto in SECTION 8.3.
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Notice of Direct Claim shall have the meaning ascribed thereto in Section 11.5(c) hereof.
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Notice of Direct Claim has the meaning defined in Section 6.2.3(i)(c).
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Related to Notice of Direct Claim

  • Claims Notice has the meaning set forth in Section 9.3(a).

  • Direct Claim has the meaning set forth in Section 8.05(c).

  • Notice of Claim has the meaning set forth in Section 9.4(a).

  • Notice of Dispute has the meaning provided in Section 2.1(f)(iii) of this Commercial Shared-Loss Agreement.

  • Claim Notice has the meaning set forth in Section 8.4(a).

  • Third Party Claim Notice shall have the meaning set forth in Section 6.5(a).

  • Indemnity Notice shall have the meaning specified in Section 9.3(b).

  • Notice of Action shall have the meaning set forth in Section 7.1C.

  • Claim Certificate shall have the meaning set forth in Section 8.6(a).

  • Notice of Dissent means a notice of dissent duly and validly given by a registered holder of Aphria Shares exercising Dissent Rights as contemplated in the Interim Order and as described in Article 4;

  • Indemnification Claim Notice has the meaning set forth in Section 11.3.

  • Notice and Claims Agent means Prime Clerk LLC.

  • Expected Claim Notice means a notice that, as a result of a legal proceeding instituted by or written claim made by a third party, an Indemnified Party reasonably expects to incur Damages for which it is entitled to indemnification under Article VI.

  • Notice of Election means the one or more notices of election (in such form as the Manager may approve) which the Manager will, at its discretion, send to each Unitholder and through which each Unitholder may indicate whether they wish to participate in the Distribution Reinvestment Plan.

  • Notice of Disagreement has the meaning set forth in Section 2.4(c).

  • CAFA Notice refers to the notice requirements imposed by 28 U.S.C. § 1715(b).

  • Notice of Revocation means, in connection with the revocation by a Beneficial Owner or its Agent Member of its Notice of Tender, a notice, substantially in the form attached to the Tender and Paying Agent Agreement, delivered by a Beneficial Owner or its Agent Member to the Tender and Paying Agent indicating an intention to revoke the tender of some or all of the VRDP Shares for sale on a Purchase Date pursuant to Section 1 of Part II of this Statement.

  • Third party claimant means any individual, corporation, association, partnership, or other legal entity asserting a claim against any individual, corporation, association, partnership, or other legal entity insured under an insurance policy or insurance contract.

  • Third Party Claim has the meaning set forth in Section 8.3.

  • Claim Form or “Proof of Claim Form” means the form, substantially in the form attached hereto as Exhibit 2 to Exhibit A, that a Claimant must complete and submit should that Claimant seek to share in a distribution of the Net Settlement Fund.

  • Notice of Tender means, in connection with an Optional Tender, a notice, substantially in the form attached to the Tender and Paying Agent Agreement, delivered by a Beneficial Owner or its Agent Member to the Tender and Paying Agent, indicating an intention to tender VRDP Shares for sale on a Purchase Date pursuant to Section 1 of Part II of this Statement.

  • Objection Notice has the meaning set forth in Section 2.3(a) of this Agreement.

  • FOIA notice means a decision notice, enforcement notice and/or an information notice;

  • Indemnification Notice has the meaning set forth in Section 11.3(a).

  • Rejection Claim means a Claim arising from the rejection of an Executory Contract or Unexpired Lease pursuant to section 365 of the Bankruptcy Code.

  • Mediation Notice is defined in Section 6.2(b).