Outstanding Claims definition

Outstanding Claims has the meaning set forth in Section 20.1B.

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Outstanding Claims means good faith claims asserted by Owner Group against any member of Contractor Group, arising out of acts or omissions occurring before Substantial Completion of Subproject 1, which remain outstanding as of the date of Substantial Completion of Subproject 1. Outstanding Claims shall not include any claims that fall within the Carve-Outs.

Outstanding Claims has the meaning set forth in Section 5.3(a)(iii).

Examples of Outstanding Claims in a sentence

The Outstanding Claims are currently due and owing and are payable in full.
If at any time after the Termination Date the amount of the Indemnity Escrowed Funds then held by the Indemnity Escrow Agent exceeds the sum of any amounts subject to the Outstanding Claims, ResCap and Purchaser shall execute and deliver a certificate requesting the Indemnity Escrow Agent to deliver such excess amount to Sellers by wire transfer to one or more accounts designated by ResCap.
For purposes of clarification, in the event that the amount of the Aggregate Outstanding Claims exceeds the remaining Escrow Amount, all the remaining Escrow Amount shall be retained in the Escrow Account as the Retained Escrow Amount.
The parties shall procure that any amounts standing to the credit of the Warranty Retention Account after all Outstanding Claims are Finally Determined shall be released to the Sellers’ Solicitors.
If at any time after any Escrow Release Date (x) the amount of the Escrowed Funds then held by the Escrow Agent exceeds the sum of all amounts subject to the Outstanding Claims at such time (the “Excess Amount”), then Sellers and Buyers shall execute and deliver a certificate requesting the Escrow Agent to deliver the Excess Amount at such time to Sellers by wire transfer to one or more accounts designated by Sellers.

More Definitions of Outstanding Claims

Outstanding Claims has the meaning specified in Section 12.7(b).

Outstanding Claims means the outstanding principal amount under the Loan plus all interest accrued at a given point in time.

Outstanding Claims has the meaning set forth in Section 1.04.

Outstanding Claims means claims received or filed but not yet settled;

Outstanding Claims has the meaning specified in Section 10.6(5).

Outstanding Claims means any claims under Section 2.04, Article X or Article XIII for which a Buyer Indemnified Party has duly submitted a notice to Seller in accordance with the Escrow Agreement, Article X or Article XIII prior to the expiration of any applicable survival period specified in Section 10.07 or Section 14.01 and that have not been finally determined or that have been finally determined and remain unpaid.

Outstanding Claims means, as of the applicable date of determination, amount in respect of all claimed Losses under then-pending indemnification claims subject to Claim Notices or demands for indemnification pursuant to Section 5.15 or Article VIII.