Sellers Claim definition

Sellers Claim means a claim against the Buyer under or in connection with this Agreement or the Transfer Instrument.

Sellers Claim has the meaning set forth in Section 15.2.

Sellers Claim has the meaning ascribed thereto in Section 7.2(b);

Examples of Sellers Claim in a sentence

• Each matter for which the Buyer has agreed to provide indemnification pursuant to this Section 9.2 is hereinafter referred to individually as a "Sellers Claim" and collectively as the "Sellers Claims".

• If Seller's Claim is not so submitted, Seller shall not be entitled to an extension of the Purchase Order time for performance, and no extension of time for completion of the Work will be granted.

• Any other Buyer Claim or Sellers Claim must be notified to the Indemnifying Party under Section 9.3(a) above within two years from the date hereof in order to constitute a valid Buyer Claim or a valid Sellers Claim which is entitled to indemnification hereunder.

• If, prior to the Escrow Disbursement Date, Escrow Agent receives a certificate signed on behalf of Seller (a "Seller's Claim Certificate") in the form of Exhibit B with completed information concerning the nature and amount of an indemnification claim by Seller under the Purchase Agreement ("Seller's Claim Amount"), Escrow Agent shall retain in the Escrow Fund that amount of GCI Escrow Cash as is equal to the certified Seller Claim Amount for disbursement ("Retained GCI Cash").

• In the event that, within ten (10) business days after notice of any such Sellers' Claim, Buyer fails to notify Sellers of its intention to defend such Sellers' Claim, Sellers will (upon further notice to Buyer) have the right (but not the obligation) to undertake the defense, compromise or settlement of such Sellers' Claim for the account of Sellers.

More Definitions of Sellers Claim

Sellers Claim has the meaning set forth in Section 15.2. “Sellers’ Connected Persons” means (in relation to any Seller) the officers, employees, agents and advisers of that Seller or any of its Affiliates, and officers, employees, agents and advisers of such Affiliates. “Sellers’ Insurance” has the meaning set forth in Section 12.5(a). “Sellers’ Records” has the meaning set forth in Section 12.4(a)(i)(A). “Sellers’ Retained Group Companies” means the Sellers and all of their Affiliates from time to time, but excluding any Target Group Company, and any of them a “Sellers’ Retained Group Company”. “Shares” means the Fincos Shares and the Autoco Shares. “Specific Agreements” has the meaning set forth in Exhibit 6.3(e). “Specific Agreements Related Losses” has the meaning set forth in Section 14.1(a)(i)(C). “State Aid” means any aid granted by a Member State or through State resources in any form whatsoever which distorts or threatens to distort competition by favoring certain undertakings or the production of certain goods, in so far as it affects trade between Member States.

Sellers Claim means a Sellers Tax Warranty Claim, Sellers General Warranty Claim, or a Sellers Fundamental Warranty Claim.

Sellers Claim and "Sellers Claims" have the meaning set forth in Section 8.2 of this Agreement.

Sellers Claim means a claim by Seller against Buyer under the indemnity provisions of Section 10.2.

Sellers Claim has the meaning set forth in Section 10.1.3.

Sellers Claim shall have the meaning assigned thereto in Article 14.2.

Sellers Claim has the meaning set forth in Section 12.2. Seller’s Representations have the meaning set forth in Section 6.1.1.