Pending Claim Amount definition

Pending Claim Amount has the meaning set forth in Section 2.5(b)(ii).

Pending Claim Amount means that portion of the Cash Escrow Deposit and/or that number of the Escrow Shares equal to the disputed amount in any pending Claim Notice based on the Share Value.

Pending Claim Amount. “Pending Claim Amount” shall have the meaning as set forth in Section 7.7(a).

Examples of Pending Claim Amount in a sentence

• Notwithstanding the foregoing, if, on the Final Escrow Release Date, there are any pending claims by a Parent Indemnified Party for Losses that are contested or not resolved, the Escrow Agent shall continue to hold that portion of the Escrow Amount equal to the amount of such pending claim on that date (the "Pending Claim Amount") in escrow for the benefit of the Parent Indemnified Parties.

• The Client hereby appoints the CQS to provide the professional quantity surveying services for the Project subject to and in accordance with the Conditions of Engagement hereinafter set out and the CQS hereby accepts the appointment for the purpose of providing services for the same subject to and in accordance with the Conditions of Engagement.

• In the event there are any pending Claim Notices on the Release Date, the Buyer and the Stockholders’ Representative shall jointly instruct the Escrow Agent, and the Escrow Agent shall follow such joint instructions, to retain only the Pending Claim Amount (as defined below) and release to the Stockholders all of the Escrow Amount in excess of the Pending Claim Amount as set forth in the joint instructions.

• Within two (2) Business Days after final resolution of any claim giving rise to any portion of any Pending Claim Amount, the Buyer and the Equityholder Representative shall deliver a joint instruction letter to the Escrow Agent under the Escrow Agreement instructing the Escrow Agent to disburse such portion of the Pending Claim Amount in accordance with such final resolution.

• In any event, the Seller and the Purchaser agree to issue a Joint Notice with respect to a Pending Claim Amount as soon as practicable after the relevant Pending Claim is settled.

More Definitions of Pending Claim Amount

Pending Claim Amount means any Indemnification Claim and the amount thereof asserted by a H&E Indemnified Party, in good faith, against Burress Shareholders pursuant to the provisions of Article X of the Agreement and Plan of Merger or under the Transaction Documents, even though such Indemnification Claim, or any third-party claim which serves as the basis for any Indemnification Claim, has not yet been finally determined, unless and until such Pending Claim Amount is paid to H&E Indemnified Parties or such Pending Claim or Pending Claim Amount is the subject of a Determination in Favor of Burress Shareholders.

Pending Claim Amount means:

Pending Claim Amount has the meaning set forth in Section 8.10(a) of the Agreement.

Pending Claim Amount is defined in Section 9.6(a).

Pending Claim Amount has the meaning set forth in Section 8.06(d).

Pending Claim Amount means an amount equal to a reserve reasonably determined by Purchaser in good faith for actual and verified Losses or Losses that are reasonably expected to be incurred in connection with any then-pending claim arising out of this Agreement that remains outstanding and unresolved as of the Holdback Release Date. For the avoidance of doubt, the release or unavailability of the Holdback Amount shall not relieve the Seller Parties of their indemnification obligations hereunder.

Pending Claim Amount has the meaning specified in Section 6.9.