Examples of Related Third Party in a sentence
Related Third Party Wrongful Acts Covered claims resulting from related matters will be treated as a single claim first made against the Insured at the time the first such related matter occurred irrespective of whether such related matter occurred prior to or during the policy period and irrespective of the number of related matters, the identity or number of Insureds involved, or the number and timing of such related matters.
If we or a Related Third Party demands arbitration, you must notify us or the Related Third Party within twenty (20) days in writing by certified mail return receipt requested of the arbitration organization, the AAA or JAMS, that you wish to select.
If the arbitrator renders a decision or an award in favor of us or the appropriate Related Third Party then the arbitrator may require you to reimburse us or the appropriate Related Third Party for the Arbitration Fees that were advanced on your behalf, not to exceed the amount which would have been assessed as court costs if the Dispute had been resolved by a state court with jurisdiction, less any Arbitration Fees you have previously paid.
StadCo agrees that it shall promptly notify the Authority of any pending Action or Proceeding between it and the Design-Builder, the AOR or the other parties to any material Construction Agreement relating to the Project Improvements Work and include in any such Notice a reasonably detailed description of the circumstances giving rise to the Related Third Party Dispute or Controversy.
If we or a Related Third Party substantially prevails in arbitration, the arbitrator may not award us or the Related Third Party attorney’s fees and expenses unless the arbitrator also finds that you asserted frivolous or fraudulent claims or allegations, in which case the arbitrator may award us or the Related Third Party reasonable attorney’s fees and expenses.