Substantiated Claim definition

Substantiated Claim a Claim in respect of which liability is admitted by the defaulting party, or which has been adjudicated on by a court of competent jurisdiction and no right of appeal lies in respect of such adjudication, or the parties are prevented by passage of time or otherwise from making an appeal;

Substantiated Claim means a Claim in respect of which liability is admitted by the Seller, or which has been adjudicated on by a court of competent jurisdiction and in relation to which no right of appeal lies in respect of such adjudication or the Parties are prevented by passage of time or otherwise from making an appeal.

Substantiated Claim means a Relevant Claim that has been:

Examples of Substantiated Claim in a sentence

• A Claim is connected with another Claim or Substantiated Claim if they all arise out of the occurrence of the same event or relate to the same subject matter.

• Substantiated Claim: a Claim in respect of which liability is admitted by the party against whom such Claim is brought, or which has been adjudicated on by a Court of competent jurisdiction and no right of appeal lies in respect of such adjudication, or the parties are debarred by passage of time or otherwise from making an appeal.

• Substantiated Claim: a Claim in respect of which liability is admitted by the party against whom such Claim is brought, or which has been adjudicated on by a court of competent jurisdiction and no right of appeal lies in respect of such adjudication, or the parties are debarred by passage of time or otherwise from making an appeal.

• No claim for breach of Warranties can be asserted toward the Substantiated Claim Amount by the Purchaser if the facts specifically giving rise to the relevant claim and the consequence that such facts constituted a breach of Warranty was within the scope of Purchaser’s Knowledge as of the date of this Agreement.

• Other than in respect of breach of the Title and Capacity Warranties and breach of Warranties based on fraud, deliberate non-disclosure or wilful concealment by Sellers, Purchaser has no other recourse for a breach of Warranties other than to make a claim or claims towards the Substantiated Claim Amount as set forth in Section 8.1(c)(i) of the Agreement.

More Definitions of Substantiated Claim

Substantiated Claim a Claim or a claim under the Tax Deed in respect of which liability is admitted by the party against whom such Claim is brought, or which has been adjudicated on by a Court of competent jurisdiction and no right of appeal lies in respect of such adjudication, or the parties are debarred by passage of time or otherwise from making an appeal. A Claim is “connected” with another Claim or Substantiated Claim if it arises out of the occurrence of the same event or relates to the same subject matter.

Substantiated Claim a Claim that has been:

Substantiated Claim means a Claim in respect of which liability is admitted by the defaulting party, or which has been adjudicated on by a court of competent jurisdiction and no right of appeal lies in respect of such adjudication, or the parties are prevented by passage of time or otherwise from appealing;

Substantiated Claim means any Relevant Claim (to the extent not withdrawn by the Buyer in writing) which has been agreed in writing between the Buyer and the Sellers’ Representatives or formally determined by an English Court of competent jurisdiction and, in relation to which, all rights of appeal have been exhausted or are debarred by passage of time.

Substantiated Claim means a Warranty Claim which is admitted by the Vendor or proved in a court of competent jurisdiction.

Substantiated Claim means a Claim which has been agreed in writing between the Buyer, MSP or TMW (as the case may be) and Xxxxxxx or in respect of which an order or decree of a court of competent jurisdiction has been given in proceedings in respect of such claim.

Substantiated Claim has the meaning given to it in Schedule 13 (Set-Off);