Third Party Sum definition

Third Party Sum has the meaning given to it in paragraph 11.1.2, Part II (Conduct of Claims) of Schedule 8 (Limitation of the Seller’s Liability).

Third Party Sum has the meaning ascribed to it in Clause 9.10.2;

Third Party Sum has the meaning set forth in paragraph 10(b) of Schedule 4;

Examples of Third Party Sum in a sentence

• If this paragraph applies, the Purchaser shall, promptly on receipt of the Third Party Sum by it or the Company, repay to the Seller an amount equal to the lower of (i) the Excess Recovery and (ii) the Compensation Payment, after deducting (in either case) all costs incurred by the Purchaser or the Company in recovering the Third Party Sum and any taxation payable by the Purchaser or the Company by virtue of its receipt.

• If this paragraph applies, the Purchaser shall, promptly on receipt of the Third Party Sum by it or the relevant Group Company, repay to the Seller an amount equal to the lower of (i) the Excess Recovery and (ii) the Damages Payment, after deducting (in either case) all costs incurred by the Purchaser or the relevant Group Company in recovering the Third Party Sum and any taxation payable by the Purchaser or any Group Company by virtue of its receipt.

• If this paragraph applies, the Purchaser shall, promptly on receipt of the Third Party Sum by it or the relevant Group Company, repay to the Seller an amount equal to the lower of: (i) the Excess Recovery; and (ii) the Damages Payment, after deducting (in either case) all costs incurred by the Purchaser or the relevant Company in recovering the Third Party Sum and any taxation payable by the Purchaser or any Company by virtue of its receipt.

• If this paragraph applies, the Purchaser shall, promptly on receipt of the Third Party Sum by it or the relevant Group Company, repay to that Seller an amount equal to the lower of (i) the Excess Recovery and (ii) the Damages Payment, after deducting (in either case) all costs incurred by the Purchaser or the relevant Group Company in recovering the Third Party Sum and any taxation payable by the Purchaser or any Group Company by virtue of its receipt.

• The Purchaser shall inform the Seller in writing without undue delay regarding any Third Party Sum received by the Purchaser.

More Definitions of Third Party Sum

Third Party Sum shall have the meaning set forth in Clause 9.3(b);

Third Party Sum has the meaning given in Schedule 8;

Third Party Sum has the meaning set out in paragraph 7(b) of the schedule headed “Warranty Limits”;

Third Party Sum as defined in letter (a) of Section 12.12.

Third Party Sum has the meaning given in Schedule 8; Trade Payables means amounts payable in respect of trade creditors by a Target Company or JVCo all as identified in the line items named as Working Capital or NWC in Schedule 2; Trade Receivables means amounts receivable in respect of trade debtors of a Target Company or JVCo all as identified in the line items named as Working Capital or NWC in Schedule 2; Transaction has the meaning given in Recital (B); Transaction Documents means this Agreement, the Local Transfer Agreements, the Disclosure Letter, the Transitional Services Agreements, the IP Agreements, the Product Supply Agreements and any other documents required under this Agreement whether executed, in Agreed Form or yet to be finalised, but excluding agreements with respect to the Carve Out; Transitional Services Agreements means the executed or Agreed Form (as the case may be) transitional services agreements in respect of the provision of certain transitional services (i) by members of Sellers' Groups for the benefit of the Target Companies in relation to the Business and/or (ii) by the Target Companies for the benefit of members of Sellers' Groups in relation to the business of members of Sellers' Groups; Unconditional Date has the meaning given in clause 8.4; US-GAAP means generally accepted accounting principles and practices in the United States of America; VAT means value added Tax and any similar sales or turnover Tax; W-8BEN-E Certificate has the meaning given in clause 6.5(c)(ii); Warranties has the meaning given in clause 10.1(a); Warranty Claim means any claim of Purchaser for breach of a Warranty; Welding Fumes Case has the meaning given in Schedule 14; Withholding Tax Jurisdiction Advisor has the meaning given in clause 6.5(d); Withholding Tax Opinion has the maning given in clause 6.5

Third Party Sum shall have the meaning ascribed thereto in Section 14.6.8.2;

Third Party Sum means any sum received by the Group Companies or any member of ASR Group (or any savings made or any financial benefit received) in respect of the circumstances giving rise to the Warranty Claim (other than from Aegon).