Uncovered Claim definition

Uncovered Claim is defined in Section 9.03(c).
View Source
Uncovered Claim means a deductible claim that is secured by collateral but that:
View Source
Uncovered Claim is defined in paragraph 9.a.iii.
View Source

Examples of Uncovered Claim in a sentence

  • If the Company Indemnified Party has not assumed the defense of an Uncovered Claim as contemplated by Section 9.03(c)(ii), the Insurer is not responsible in any way for any Liabilities or Orders resulting from not responding to or defending such Uncovered Claim; provided, however, that the Insurer’s responsibility for Company Indemnified Claims will not be altered in any way.

  • If the Indemnified Party has not assumed the defense of an Uncovered Claim as contemplated by Section 9.2(c)(ii), the Insurer is not responsible in any way for any Liabilities or Orders resulting from not responding to or defending such Uncovered Claim; provided that the Insurer's responsibility for Third Party Claims shall not be altered in any way.

  • If the Indemnified Party has not assumed the defense of an Uncovered Claim as contemplated by Section 9.2(c), Insurer is not responsible in any way for any Liabilities or Orders resulting from not responding to or defending such Uncovered Claim, provided that Insurer’s responsibility for Indemnified Claims will not be altered in any way.

  • If the Indemnified Party has not assumed the defense of an Uncovered Claim as contemplated by Section 9.2(c)(ii), the Insurer is not responsible in any way for any 57 Liabilities or Orders resulting from not responding to or defending such Uncovered Claim; provided that the Insurer's responsibility for Third Party Claims shall not be altered in any way.

  • If the Indemnified Party has not assumed the defense of an Uncovered Claim as contemplated by paragraph 9.a.iii, Insurer is not responsible in any way for any liabilities or orders resulting from not responding to or defending such Uncovered Claim, provided that Insurer’s responsibility for Indemnified Claims will not be altered in any way.

  • If the Company Indemnified Party has not assumed the defense of an Uncovered Claim as contemplated by Section 7.3(c)(ii), the Insurer is not responsible in any way for any Liabilities or Orders resulting from not responding to or defending such Uncovered Claim; provided, however, that the Insurer’s responsibility for Company Indemnified Claims will not be altered in any way.

  • For example: During the First Indemnity Period, if there are 3,000,000 shares of Parent Common Stock in the Earned Shares Indemnity Escrow Account and an Uncovered Claim for an amount equal to $40,000,000 is made, then, those 3,000,000 shares are applied to that Uncovered Claim on a $7.50 valuation.


More Definitions of Uncovered Claim

Uncovered Claim is defined in Section 7.3(c). NAI-1500837614v2
View Source
Uncovered Claim means a Claim where the total value of such Claim exceeds the value of the Parent Common Stock then contained in the Earned Shares Indemnity Escrow Account during the relevant indemnity period. For example: During the First Indemnity Period, if there are 3,000,000 shares of Parent Common Stock in the Earned Shares Indemnity Escrow Account and an Uncovered Claim for an amount equal to $40,000,000 is made, then, those 3,000,000 shares are applied to that Uncovered Claim on a $7.50 valuation. The Indemnifying Parties still have a $10 million cash obligation because there are less than the total Tranche One Escrow Shares in the Earned Shares Indemnity Escrow Account. Thus, because the shares in the Earned Shares Indemnity Escrow Account are worth only $22,500,000 (3,000,000 x $7.50), then the Indemnifying Parties would have to pay up to $10 million in cash during the First Indemnity Period for a total indemnification payment of $32,500,000. If 5,000,000 shares of Parent Common Stock are subsequently scheduled to be placed in the Earned Shares Indemnity Escrow Account, then the first shares of Parent Common Stock scheduled to be placed in the Earned Shares Indemnity Escrow Account shall be applied to the remaining $7,500,000 of outstanding liability from the Uncovered Claim and the remaining shares to be deposited in the Earned Shares Indemnity Escrow Account shall be reduced by 1,333,000 shares of Parent Common Stock ($10,000,000 divided by $7.50).
View Source
Uncovered Claim is defined in Section 9.2(c). “Updated [**********]” is defined in the Procedures Manual.
View Source

Related to Uncovered Claim

  • Covered Claim means either a Provider Covered Claim or Customer Covered Claim.

  • Covered Claims Claim" means any claim, dispute or controversy between you and us that in any way arises from or relates to this Agreement, the Account, the issuance of any Card, any rewards program, any prior agreement or account. "Claim" includes disputes arising from actions or omissions prior to the date any Card was issued to you, including the advertising related to, application for or approval of the Account. "Claim" has the broadest possible meaning, and includes initial claims, counterclaims, cross-claims and third-party claims. It includes disputes based upon contract, tort, consumer rights, fraud and other intentional torts, constitution, statute, regulation, ordinance, common law and equity (including any claim for injunctive or declaratory relief). "Claim" does not include disputes about the validity, enforceability, coverage or scope of this Arbitration Provision or any part thereof (including, without limitation, the prohibition against class proceedings, private attorney general proceedings and/or multiple party proceedings described in Paragraph C.7 (the "Class Action Waiver"), the last sentence of Paragraph C.13 and/or this sentence); all such disputes are for a court and not an arbitrator to decide. However, any dispute or argument that concerns the validity or enforceability of the Agreement as a whole is for the arbitrator, not a court, to decide.

  • Unresolved Claim means a Claim, which at the relevant time, in whole or in part: (a) has not been Finally Determined to be a Proven Claim in accordance with the Amended Claims Procedure Order and this Plan; (b) is validly disputed in accordance with the Amended Claims Procedure Order; and/or (c) remains subject to review and for which a Notice of Allowance or Notice of Revision or Disallowance (each as defined in the Amended Claims Procedure Order) has not been issued to the Creditor in accordance with the Amended Claims Procedure Order as at the date of this Plan, in each of the foregoing clauses, including both as to proof and/or quantum;

  • Insured Claim means any Claim arising from an incident or occurrence alleged to have occurred prior to the Effective Date that is covered under an insurance policy applicable to the Debtors or their businesses.

  • Approved Claim means a Claim Form submitted by a Settlement Class Member (defined below) that: (a) is submitted timely and in accordance with the directions on the Claim Form and the provisions of the Settlement Agreement; (b) is fully and truthfully completed by a Settlement Class Member with all of the information requested in the Claim Form; (c) is signed by the Settlement Class Member, physically or electronically; and (d) is approved by the Settlement Administrator pursuant to the provisions of this Agreement.