Pending Claim Amount definition

Pending Claim Amount has the meaning set forth in Section 2.6(c).

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

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.

Examples of Pending Claim Amount in a sentence

• 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.

• 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.

• 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 ten (10) days after Seller’s receipt of a Claim Notice, Seller shall either (1) cause Escrow Agent to disburse funds from the Holdback Escrow to Purchaser in an amount equal to the lesser of (A) the Pending Claim Amount set forth in such Claim Notice, or (B) the Holdback Amount; or (2) dispute such claim by delivering written notice (the “Dispute Notice”) to Purchaser and the Escrow Agent.

• He ascended into heaven and is now seated at the right hand of God the Father as our only mediator, high priest, and advocate.

More Definitions of Pending Claim Amount

Pending Claim Amount means any claim for indemnification (an “Indemnification Claim”) and the amount thereof asserted by a H&E Indemnified Party against Sellers pursuant to the provisions of Article XI of the Acquisition Agreement in respect of Eagle Plaza Liabilities, even though such Indemnification Claims, 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 Sellers.

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

Pending Claim Amount has the meaning set forth in Section 2.4(f).

Pending Claim Amount means each amount in respect of an Unresolved Claim.

Pending Claim Amount means (i) the aggregate Claimed Amount set forth in any and all notices timely delivered by the Buyer pursuant to Section 6(b) above with respect to claims for payment of the Final Closing Adjustment or indemnification under the Merger Agreement that remain unresolved as of the Escrow Expiration Date and (ii) any portion of the Escrow Fund that has been finally determined to be payable to the Buyer but that has not been paid as of the Escrow Expiration Date. Thereafter, the Pending Claim Amount shall be disbursed as and to the extent provided in Section 6(b)(i) or (ii) above, and an Authorized Representative of the Company Equityholder Representative shall submit to the Escrow Agent an updated letter of instruction in connection with any such subsequent disbursement payable for the benefit of the Company Equityholders.

Pending Claim Amount has the meaning set forth in Section 1.6(g)(ii).

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