Examples of Potential Claim Notice in a sentence
In the case of third-party claims, Purchaser shall then have 20 calendar days in which either to (i) agree that the claim described in the Potential Claim Notice is covered by this indemnity or (ii) deny that the claim is covered by this indemnity.
If the Licensee elects not to exercise its right to commence, or fails to commence, an action within [*****] of the date of the relevant Infringement Notice and/or Potential Claim Notice, UABRF may do so at its own expense, and shall retain sole control over the direction of such lawsuit.
In the case of third-party claims, the ERC Shareholders shall then have 20 calendar days in which either to (i) agree that the claim described in the Potential Claim Notice is covered by this indemnify or (ii) deny that the claim is covered by this indemnity.
The Potential Claim Notice shall include a description of the nature of the claim, the identity of the party by whom it is being asserted and the basis for the ERC Shareholders' belief that the claim entitles them to indemnification hereunder.
The Potential Claim Notice shall include a description of the nature of the claim, the identity of the party by whom it is being asserted and the basis for Purchaser's belief that the claim entitles the Purchaser Indemnified Party to indemnification hereunder.
If the Licensee wishes to commence a lawsuit, it must do so within [*****] following the date of the relevant Infringement Notice and/or Potential Claim Notice, and it shall bear all costs and expenses incurred by it in connection with such lawsuit.
Upon giving a Potential Claim Notice to the Kyrgyz Side, Cameco shall also provide copies of such Potential Claim Notice to Centerra and the sole arbitrator agreed by the relevant Patties in accordance with Section 6.7(b) of the Agreement on New Terms.
No Investor shall have any liability for a Makeup Payment unless a Potential Claim Notice has been given to such Investor on or before March 15, 2004 identifying such Investor as a Breaching Holder.
The Potential Claim Notice shall include a description of the nature of the claim, the identity of the party by whom it is being asserted and the basis for Signature's belief that the claim entitles Signature to indemnification hereunder.
If the claim described in the Potential Claim Notice is a third-party claim to which the PRG Shareholder Representatives have denied coverage under this indemnity, Signature and the PRG Shareholder Representatives agree to move the issue of coverage under the indemnity to arbitration as soon as reasonably practicable in order to reach a final resolution of the responsibility issue.