Third Person Awards definition

Third Person Awards means any actual recoveries from Third Persons by the Indemnified Party (including from insurance and third-party indemnification) in connection with the claim for which such party is also potentially liable.
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Third Person Awards means any actual recoveries from Third Persons by the Indemnified Party (including from insurance and third-party
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Third Person Awards means any actual recoveries from Third Persons by the Indemnified Party (including from insurance and third-party indemnification) in connection with the Claim for which such party is also potentially liable less any reasonable costs and expenses incurred by the Indemnified Party to pursue such recoveries.
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Examples of Third Person Awards in a sentence

  • All Losses indemnified hereunder shall be determined net of any (i) Third Person Awards, (ii) Tax Benefits, and (iii) amount which specifically pertains to such Loss and is reflected in the calculations of the amounts set forth on the Final Settlement Statement.


More Definitions of Third Person Awards

Third Person Awards means any actual recoveries from Third Persons by the Indemnified Party (including from insurance and third- party indemnification) in connection with the claim for which such party is also potentially liable.
Sample 1
Third Person Awards means any actual recoveries from Third Persons by the Indemnified Party (including from insurance and third-party indemnification) in connection with the claim for which such party is also potentially liable. “Total Net Working Capital” means the amount (which may be positive or negative) equal to the product of the Net Working Capital multiplied by 25.1%. “Transaction Documents” shall mean the JV LLC Agreement, Amendment No. 2, the Subject Interests Assignment Agreement, such certificate or other documents as are necessary to transfer the Units to HOLDINGS and GP pursuant to Section 2.2, the Hedge Confirmation, and any other document related to the sale, transfer, assignment or conveyance of the Subject Interests to be delivered at Closing. “Treasury Regulations” shall mean regulations promulgated under the Code. “Units” shall mean the Class D limited partnership interests issuable by MLP upon execution of Amendment No.
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Third Person Awards means any actual recoveries from Third Persons by the Indemnified Party (including from insurance and third-party indemnification) in connection with the claim for which such party is also potentially liable. “Total Net Working Capital” shall mean the sum of the MIDSTREAM Total Net Working Capital and the HOLDINGS Total Net Working Capital. “Transaction Debt” shall mean the liability or liabilities to be incurred by MLP with respect to transactions contemplated by Section 2.1 which will be considered recourse debt within the meaning of Treasury Regulations Section 1.752-1. “Transaction Documents” shall mean the Assignment of Subject Interests in Exhibit A, such certificate or other documents as are necessary to transfer the Unit Consideration to HOLDINGS, MIDSTREAM and GP pursuant to Section 2.2, and any other document related to the sale, transfer, assignment or conveyance of the Subject Interests to be delivered at Closing. “Treasury Regulations” shall mean regulations promulgated under the Code. “Units” shall mean the common units representing limited partner interests in the MLP. “Unit Consideration” shall mean the GP Unit Consideration, the HOLDINGS Unit Consideration and the MIDSTREAM Unit Consideration. “XXXX/XXXXX” shall have the meaning given such term in the Recitals.
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Related to Third Person Awards

  • Third Person Claim has the meaning specified in Section 11.4(a).

  • Third Person has the meaning set forth in Section 11.3.

  • Third-party payer means an entity that is, by

  • Valid Third Party Entity In respect of any transaction, any third party that the Calculation Agent determines has a bona fide intent to enter into or consummate such transaction (it being understood and agreed that in determining whether such third party has such a bona fide intent, the Calculation Agent shall take into consideration the effect of the relevant announcement by such third party on the Shares and/or options relating to the Shares and, if such effect is material, may deem such third party to have a bona fide intent). Nationalization, Insolvency or Delisting: Cancellation and Payment (Calculation Agent Determination); provided that, in addition to the provisions of Section 12.6(a)(iii) of the Equity Definitions, it will also constitute a Delisting if the Exchange is located in the United States and the Shares are not immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or their respective successors); if the Shares are immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or their respective successors), such exchange or quotation system shall thereafter be deemed to be the Exchange. Additional Disruption Events: Change in Law: Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by (i) replacing the phrase “the interpretation” in the third line thereof with the phrase “, or public announcement of, the formal or informal interpretation,” (ii) replacing the word “Shares” with the phrase “Hedge Positions” in clause (X) thereof and (iii) inserting the parenthetical “(including, for the avoidance of doubt and without limitation, (x) any tax law or (y) adoption, effectiveness or promulgation of new regulations authorized or mandated by existing statute)” at the end of clause (A) thereof. Failure to Deliver: Applicable Hedging Disruption: Applicable; provided that:

  • Unlicensed person means any person who is not a licensed dealer under this chapter.

  • Third Party Licenses has the meaning set forth in Section 3.

  • Licensed person means an individual who is licensed or otherwise legally authorized to practice a professional service by a court, department, board, commission, or an agency of this state or another jurisdiction, any corporation or professional services corporation all of whose shareholders are licensed persons, any partnership all of whose partners are licensed persons, or any limited liability company all of whose members and managers are licensed persons.

  • Third Party Providers or “TPPs” means any payment service provider that provides payment services to you or someone else that concerns the Account, for example, an AISP (described in Clause 1(c) below).

  • Third Party Licensor means the relevant licensor of any Third Party Data or any Third Party Trade Xxxx;

  • Nonaffiliated third party means any person except:

  • Third Party means a provider of digital educational software or services, including cloud- based services, for the digital storage, management, and retrieval of Education Records and/or Student Data, as that term is used in some state statutes. However, for the purpose of this DPA, the term “Third Party” when used to indicate the provider of digital educational software or services is replaced by the term “Provider.”

  • Third Party Products means the Third Party Software and Third Party Hardware.

  • Third Party Payments means the payment made through instruments issued from an account other than that of the beneficiary investor mentioned in the application form. However, in case of payments from a joint bank account, the first named applicant/investor has to be one of the joint holders of the bank account from which payment is made.

  • Third Party IP Claim has the meaning given to it in clause E8.7 (Intellectual Property Rights).

  • Third Party(ies) means a person or entity who or which is neither a Party nor an Affiliate of a Party.

  • Third Party IPR means any Intellectual Property Rights not belonging to either party to this Agreement but used by the Supplier in the creation of the Deliverables and/or in the course of or in connection with the Project.

  • Third Party Service Providers means any third party wherever situated selected by us or any member of the BEA Group to provide services to it.

  • Third Party Product means a product (whether hardware, software or services) supplied to you by a third party;

  • Third Party Payment means payment through an instrument issued from a bank account other than that of the beneficiary investor. In case of payments from a joint bank account, the first named investor/holder of the mutual fund folio has to be one of the joint holders of the bank account from which payment is made.

  • Third Party IP means the Intellectual Property Rights of any third party that is not a party to this Contract, and that is not a Subcontractor.

  • Third Party License means licenses from third parties governing third party software embedded or used in the Trading Platform.

  • Licensee Parties has the meaning ascribed to such term in Section 5.1.

  • Third-party logistics provider means an entity that provides

  • Co-licensed partner means a person who, with at least one other person, has the right to engage in

  • Licensor Indemnitees has the meaning set forth in Section 9.1.

  • Sublicensee means a third party to whom LICENSEE grants a sublicense of certain rights granted to LICENSEE under this Agreement.