Recovery Claim definition

Recovery Claim means any claim by any Obligor or a member of the Group or any of its Affiliates (or any employee, officer or adviser) against any other party to any Acquisition Document.

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Recovery Claim has the meaning given to it in Clause 8.2 (Disposal, Insurance and Recovery Proceeds and Excess Cashflow).

Recovery Claim means any right which any member of the Purchaser Group has or becomes entitled to (whether under any insurance policy or by way of payment, discount, credit, set-off, claim, counterclaim, relief or otherwise) to recover from any third party any amount in relation to any matter or thing that has given or is likely to give rise to a Non-Tax Claim;

Examples of Recovery Claim in a sentence

• Any amounts received by Operator in settlement of a Recovery Claim or in payment of a judgment on a Recovery Claim shall be paid over to Company.

• In the event the Vendor receives an Indemnity Notice, the Vendor shall notify the Purchaser within 30 Business Days following its receipt of such Indemnity Notice whether the Vendor disputes its liability to the Purchaser in connection with the notified Recovery Claim.

• A Recovery Claim shall expire (and shall be precluded) unless the Vendor receives an Indemnity Notice within 36 months after Completion.

• The Vendor shall have no liability towards the Purchaser for a breach or inaccuracy of any Vendor Warranty if and to the extent that the facts, matters or circumstances forming the basis for and underlying such Recovery Claim were Disclosed.

• If any Recovery Claim is based upon a Liability which is contingent only (such as, for the avoidance of doubt, in case of a Third Party Claim), the Vendor shall not be liable unless and until such contingent Liability gives rise to an actual Liability.

More Definitions of Recovery Claim

Recovery Claim means any liability or claim which Company has against one or more Persons.

Recovery Claim has the meaning set forth in Section 10.1.2.

Recovery Claim. See Section 13.9.

Recovery Claim means a Claim submitted by a Customer to the Recovery

Recovery Claim means a claim against the Report Provider in relation to a Report. “Reports” means:

Recovery Claim means any right which the Purchaser Group has or becomes entitled to (whether under any insurance policy or by way of payment, discount, credit, set‑off, claim, counterclaim, relief or otherwise) to recover from any third party any amount in relation to any matter or thing that has given or is likely to give rise to a Non‑Tax Claim;

Recovery Claim is defined in Section 14.1.2.