Purchaser Claims Notice definition

Purchaser Claims Notice has the meaning assigned to such term in Section 5.1(c).
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Purchaser Claims Notice has the meaning set forth in Section 2.02(b) hereof.
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Examples of Purchaser Claims Notice in a sentence

  • Servicer shall provide prompt written notice (a “Servicer Claims Notice”, and together with a Purchaser Claims Notice and as the context suggests, each a “Claims Notice”) to Purchaser of any claim for indemnity pursuant to this Section 5.3(b).

  • If Seller disagrees with the claim set forth in a Purchaser Claims Notice, Seller shall formally dispute the claim in a writing delivered to Purchaser within thirty (30) days of receipt of such Purchaser Claims Notice.

  • No delay in or failure to give a Purchaser Claims Notice by a Purchaser Indemnitee to the Sellers Representative pursuant to this Section 9.07(b) will adversely affect any of the other rights or remedies that the Purchaser Indemnitee has under this Agreement, or alter or relieve the Purchaser Indemnitee of its right to indemnification except to the extent that Sellers are prejudiced thereby.

  • A Purchaser Claims Notice must describe the Purchaser Claim in reasonable detail, and indicate the amount (estimated, as necessary) of the Loss that has been or may be suffered by the applicable Purchaser Indemnitee.

  • If Servicer does not elect to dispute the claim, Servicer shall within sixty (60) days of its receipt of the Purchaser Claims Notice either pay the applicable indemnification amount to Purchaser and/or other applicable Indemnified Purchaser Party.

  • If Seller does not elect to dispute the claim (and the applicable Indemnity Deductible has been satisfied), Seller shall do one of the following within ninety (90) days of its receipt of the Purchaser Claims Notice: (i) make payment of the applicable indemnification amount to Purchaser, (ii) commence the Repurchase Procedure, or (iii) commence the Resale Procedure.

  • Subject to the following paragraph, Seller shall finalize and/or complete the Resale Procedure, pay any due and owed Resale Differential payments to Purchaser and arrange for payment in full of the Resale Price by the applicable buyer(s) to Purchaser within 120 days of Seller’s receipt of the related Purchaser Claims Notice (“Resale Period”).

  • If Servicer does not elect to dispute the claim (and the applicable Indemnity Deductible has been satisfied), Servicer shall do one of the following within ninety (90) days of its receipt of the Purchaser Claims Notice: (A) make payment of the applicable indemnification amount to Purchaser, (B) commence the Repurchase Procedure, or (C) commence the Resale Procedure.

  • Subject to the following paragraph, Servicer shall finalize and/or complete the Resale Procedure, pay any due and owed Resale Differential payments to Purchaser and arrange for payment in full of the Resale Price by the applicable buyer(s) to Purchaser within 120 days of Servicer’s receipt of the related Purchaser Claims Notice (“Resale Period”).

  • Servicer shall finalize and/or complete the Repurchase Procedure and pay the related Repurchase Price to Purchaser within 120 days of Servicer’s receipt of the related Purchaser Claims Notice.

Related to Purchaser Claims Notice

  • Claims Notice has the meaning set forth in Section 9.3(a).

  • Claim Notice has the meaning set forth in Section 8.4(a).

  • Third Party Claim Notice shall have the meaning set forth in Section 6.5(a).

  • Expected Claim Notice means a notice that, as a result of a legal proceeding instituted by or written claim made by a third party, an Indemnified Party reasonably expects to incur Damages for which it is entitled to indemnification under Article VI.

  • Indemnification Claim Notice has the meaning set forth in Section 11.3.

  • Indemnity Notice shall have the meaning specified in Section 9.3(b).

  • Indemnity Claim has the meaning set forth in Section 8.3.

  • Claim Objection Deadline means the first Business Day that is 180 days after the Effective Date, as may be extended by order of the Bankruptcy Court.

  • Claimed Amount means the amount of any Damages incurred or reasonably expected to be incurred by the Indemnified Party.

  • Direct Claim has the meaning set forth in Section 8.05(c).

  • Third Party Claim has the meaning set forth in Section 8.3.

  • Seller’s Notice has the meaning set forth in Section 8.5(a).

  • Third party claimant means any individual, corporation, association, partnership, or other legal entity asserting a claim against any individual, corporation, association, partnership, or other legal entity insured under an insurance policy or insurance contract.

  • Indemnification Claim has the meaning set forth in Section 10.3.

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • Claim Certificate shall have the meaning set forth in Section 8.6(a).

  • Title Defect Notice shall have the meaning set forth in Section 11.2(a).

  • Claims Objection Deadline means the later of: (a) the date that is 180 days after the Effective Date; and (b) such other date as may be fixed by the Bankruptcy Court, after notice and hearing, upon a motion Filed before the expiration of the deadline to object to Claims or Interests.

  • Indemnification Notice has the meaning set forth in Section 11.3(a).

  • Unresolved Claim means a Claim, which at the relevant time, in whole or in part: (a) has not been Finally Determined to be a Proven Claim in accordance with the Amended Claims Procedure Order and this Plan; (b) is validly disputed in accordance with the Amended Claims Procedure Order; and/or (c) remains subject to review and for which a Notice of Allowance or Notice of Revision or Disallowance (each as defined in the Amended Claims Procedure Order) has not been issued to the Creditor in accordance with the Amended Claims Procedure Order as at the date of this Plan, in each of the foregoing clauses, including both as to proof and/or quantum;

  • Indemnified Claim has the meaning set forth in Section 8.2.

  • Closing Notice Has the meaning specified in the NPA. Company: Has the meaning specified in the first paragraph of this Trust Supplement.

  • Buyer Indemnified Party has the meaning set forth in Section 8.2.

  • Indemnified Party shall have the meaning set forth in Section 5(c).

  • Dispute Notice has the meaning set forth in Section 2.7(b).

  • Buyer Losses shall have the meaning set forth in Section 8.2.