Unpaid Claim definition

Unpaid Claim means, in respect of any date (1) any Buyer Indemnification Claim that is due and payable pursuant to Section I.3 of this Agreement but unpaid as of such date and (2) any Buyer Indemnification Claim that has been asserted and notified to the Sellers’ Representative but is the subject of an Indemnification Claim Objection (in whole or in part) or with respect to which the time period for the Sellers’ Representative to deliver an Indemnification Claim Objection has not expired, and (B) the amount of an Unpaid Claim described in subclause (2) above means the amount of such claim remaining subject to dispute pursuant to the terms of the Purchase Agreement and this Agreement. Buyer and the Sellers’ Representative shall promptly notify the Escrow Agent, in writing, when an Unpaid Claim is no longer outstanding or of any other reduction in the amount of such claim.
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Unpaid Claim means an Indemnification Claim for which, as of the relevant time, the Escrow Agent is required pursuant to Section 4(a) to make a payment to the Purchaser, but for which the Escrow Agent has not yet made such payment.
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Unpaid Claim means any claim that has not been paid by a managed care organization and meets one of the following conditions:
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Examples of Unpaid Claim in a sentence

  • A claim becomes a Received But Unpaid Claim (RBUC) the day it is received.

  • Analysis of Excess and Casualty Reinsurance Association Estimated Unpaid Claim Liability at December 31, 2015 – Prepared by Milliman, Dated October 24, 2016.

  • If a reinsurance program includes property/casualty coverages, along with life insurance, annuities, or health benefit plans, the actuary should use professional judgment to determine whether this standard; ASOP No. 36, Statements of Actuarial Opinion Regarding Property/Casualty Loss and Loss Adjustment Expense Reserves; ASOP No. 43, Property/Casualty Unpaid Claim Estimates; or aspects of all three standards apply.

  • The Merchant is in the business of operating a jewelry store at 100 Heritage Quay, in the capital of Saint John’s.

  • The Notice of Unpaid Claim must be sent to IFC prior to the expiry date of IFC Guarantee by SWIFT in the format specified in Terms and Conditions of CB agreement and accompanied by faxed copies of all relevant documents.

  • The Township is permitted to waive any interest on any Unpaid Claim when the Township or any attorney and/or third party collector collecting the Unpaid Claim believes, in its discretion, that such amount is de minimis or that the cost or burden of continuing collection outweighs the benefit of collecting the interest.

  • Unpaid Claim Reserves means reserves and liabilities established to account for claims that were incurred during the MLR reporting year but had not been paid within 3 months of the end ofthe MLR reporting year.

  • Also of note is the fact that ASOP 43, Property/Casualty Unpaid Claim Estimates, was adopted in June 2007.

  • Analysis of Excess and Casualty Reinsurance Association Estimated Unpaid Claim Liability at August 31, 2019 – Prepared by Milliman, Dated February 14, 2020.

  • Unpaid Claim Reserves” means reserves and liabilities established to account for claims unpaid.


More Definitions of Unpaid Claim

Unpaid Claim means an Indemnification Claim for which, as of the relevant time, the Escrow Agent is required pursuant to this Section 4 to make a payment to the Indemnified Parties, but for which the Escrow Agent has not yet made such payment; and (iii) the “Reserved Amount” shall mean the aggregate dollar amount for all Pending Claims (less any undisputed amounts already distributed pursuant to Section 4(a)(iii)) and Unpaid Claims as of the relevant time. Promptly after the final resolution of all Pending Claims, the Escrow Agent shall disburse any remaining Escrow Property in the Escrow Account to the Exchange Agent (for distribution to the Company Holders in accordance with the Merger Agreement).
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Unpaid Claim rdquo; means (i) an Approved Claim or (ii) a Disputed Claim that is determined to be payable to AuRico or Endeavour, as the case may be, pursuant to a Final Settlement or Final Decision, which in either case has not yet been paid pursuant to Section 2.5(a);
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Unpaid Claim means Taxes, Tax Claims, Tax Liens, Municipal Claims and/or Municipal Liens owed to the Township that become delinquent.
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Unpaid Claim means any Allowed Claim that has not been paid in
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Related to Unpaid Claim

  • IPR Claim means any claim of infringement or alleged infringement (including the defence of such infringement or alleged infringement) of any IPR, used to provide the Services or as otherwise provided and/or licensed by the Supplier (or to which the Supplier has provided access) to the Authority in the fulfilment of its obligations under this Framework Agreement;

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.

  • Valid Claim means a claim within the Patent Rights (including any re-issued and unexpired patents) which has not been held unenforceable or invalid by the decision of a court or other governmental agency of competent jurisdiction unappealable or unappealed within the time allowed for appeal and which has not been admitted to be invalid or unenforceable through re-issue or disclaimer or otherwise.

  • Fraud Claim means any claim based in whole or in part upon fraud, willful misconduct or intentional misrepresentation.

  • 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;

  • Approved Claim means the timely submitted Claim Form by a Participating Settlement Member that has been approved by the Settlement Administrator.

  • AWR Claim means any complaint or claim to a tribunal or court made by or on behalf of the Agency Worker against the Hirer and/or the Employment Business for any breach of the AWR;

  • 503(b)(9) Claim means a Claim or any portion thereof entitled to administrative expense priority pursuant to section 503(b)(9) of the Bankruptcy Code.

  • IP Claim means a Claim made against you by a third party alleging that the Stripe Technology, Services or a Stripe Mark provided to and used by you in accordance with this Agreement infringes or misappropriates the IP Rights of the third party making the Claim, excluding Claims made by Connected Accounts.

  • Covered claim means the following:

  • Affected Claim means any Claim other than an Unaffected Claim;

  • Settled claim means the original tort claim resolved by a structured settlement.

  • Disputed Claim means any Claim that is not Allowed.

  • Indemnity Claim has the meaning set forth in Section 8.3.

  • Liability Claim has the meaning set forth in Section 7.2(a).

  • Infringement Claim means a third party claim alleging that the Equipment manufactured by Motorola or the Motorola Software directly infringes a United States patent or copyright.

  • Patent Right means: (a) an issued or granted patent, including any extension, supplemental protection certificate, registration, confirmation, reissue, reexamination, extension or renewal thereof; (b) a pending patent application, including any continuation, divisional, continuation-in-part, substitute or provisional application thereof; and (c) all counterparts or foreign equivalents of any of the foregoing issued by or filed in any country or other jurisdiction.

  • Excluded Claim means a dispute, controversy or claim that concerns (a) the validity or infringement of a patent, trademark or copyright; or (b) any antitrust, anti-monopoly or competition law or regulation, whether or not statutory.

  • 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.

  • DIP Claim means any Claim arising under, derived from or based upon the DIP Facility or DIP Orders, including the DIP Exit Backstop Premium and the guarantees in respect thereof under the DIP Facility Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising under or related to the DIP Facility.

  • Secured Claim means a Claim that is secured by a Lien on property in which any of the Debtors’ Estates have an interest or that is subject to setoff under section 553 of the Bankruptcy Code, to the extent of the value of the Claim holder’s interest in such Estate’s interest in such property or to the extent of the amount subject to setoff, as applicable, as determined pursuant to section 506(a) of the Bankruptcy Code or, in the case of setoff, pursuant to section 553 of the Bankruptcy Code.

  • Allowed Claim means an Allowed Claim of the type described.

  • Defect Liability Period in relation to a work means the specified period from the date of COMPLETION CERTIFICATE upto the date of issue of FINAL CERTIFICATE during which the CONTRACTOR stands responsible for rectifying all defects that may appear in the works executed by the CONTRACTOR in pursuance of the CONTRACT and includes warranties against Manufacturing/Fabrication/ Erection/Construction defects covering all materials plants, equipment, components, and the like supplied by the CONTRACTOR, works executed against workmanship defects.

  • Indemnification Claim has the meaning set forth in Section 12.3.

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

  • Subordinated Claim means a Claim of the kind described in sections 726(a)(3) or 726(a)(4) of the Bankruptcy Code and/or Claims subordinated under sections 510(b) or 510(c) of the Bankruptcy Code.