Seller Claim definition

Seller Claim means any claim, proceeding, suit or action arising out of or in connection with this Agreement against the Seller in respect of any breach, indemnity, covenant, agreement, undertaking or other matter whatsoever provided;

Seller Claim has the meaning set forth in Section 10.1(c).

Seller Claim means a claim to indemnification by Seller pursuant to Section 8.3(a).

Examples of Seller Claim in a sentence

• Any HoldCo Claim provided to an Accepting Trust making one or more HoldCo Elections, and any reduction to the Allocated Depositor Claim and Allocated Seller Claim of that Accepting Trust, shall be calculated pursuant to Section 6.02.

• Each Accepting Trust shall, subject to the HoldCo Election, be allocated a share of the Allowed Claim against its Seller Entity (each, an “Allocated Seller Claim”) and its Depositor Entity (each, an “Allocated Depositor Claim” and each Allocated Depositor Claim together with the Allocated Seller Claim as to a particular Accepting Trust, subject to the HoldCo Election, an “Allocated Claim”), calculated as set forth on Exhibit B hereto.

• For each Accepting Trust as to which a HoldCo Election is made, such Accepting Trust shall have an allowed claim against HoldCo in the amount of the HoldCo Election(s) so made (subject to the aggregate cap described above) (the “Allowed Holdco Claim”) and the amount of the Allocated Seller Claim and Allocated Depositor Claim of that Accepting Trust shall be reduced by the amount of such Trust’s Allowed HoldCo Claim.

• For the avoidance of doubt, the fact that the liability may not have become an actual liability by the relevant date provided in paragraph 1.1 shall not exonerate the Purchaser in respect of any Seller Claim properly notified before that date.1.7 No double recovery.

• For the avoidance of doubt, the Seller Indemnified Party shall have the right to settle, adjust or compromise any portion of a Seller Claim without the consent of Buyer that does not consist of a claim for money damages.

More Definitions of Seller Claim

Seller Claim shall have the meaning set forth in Section 7.2(b).

Seller Claim is defined in Section 8.5(b).

Seller Claim shall have the meaning set forth in Section 9.3(b).

Seller Claim means any claim, suit or proceeding ------------ commenced against Seller.

Seller Claim means a claim, action, proceeding or demand by an EBT Seller in respect of any Zipcar Warranty;

Seller Claim means a claim to indemnification by Seller pursuant to Section 8.3(a). Seller Claim Notice. “Seller Claim Notice” is defined in Section 8.3(b).

Seller Claim means a claim for breach of any of the Buyer’s Warranties;