Examples of Payment Claim in a sentence
If the making of a Payment Claim would result in the relevant Claim Limit being exceeded, the Guarantor will have no obligation to pay any amount in respect of any such Payment Claim to the extent of any such excess.
For the avoidance of doubt, an Additional Payment Claim shall not cover any part of the Outstanding Guaranteed Balance of a Scheme Facility in respect of which a Guaranteed Amount Payment Claim has already been made by the Lender to the Guarantor.
The Lender will, as soon as reasonably practicable after the end of each Claim Period, submit to the Guarantor a combined invoice (a “Claim Invoice”), in form and substance satisfactory to the Guarantor, detailing (for each Scheme Facility in respect of which it made a Payment Claim during such Claim Period) those amounts claimed by the Lender and containing such other information as the Guarantor may from time to time require to be included therein.
The total amount payable by the Lender to the Guarantor under this Clause in respect of any Forbearance Amount Payment Claim shall not exceed the total amount claimed from the Guarantor under such Forbearance Amount Payment Claim.
Notwithstanding Clause 2.2 of this Agreement, the Lender will not be entitled to make a claim under a Scheme Guarantee or in respect of a Forbearance Amount unless and until the conditions precedent to making a Payment Claim set out in Clause 10.2 of this Agreement (as may be amended in respect of certain Scheme Facility Types in the applicable Scheme Facility Type Schedule) have been satisfied.