Common use of Actual Loss Clause in Contracts

Actual Loss. No payment shall be due from the Sellers in respect of a Proven Claim until actual loss in relation to the Warranty Claim has been suffered by the Purchaser or the Company (as the case may be) as a consequence of the matter which is the subject of the Warranty Claim.

Appears in 1 contract

Sources: Share Sale Agreement (Loton, Corp)

Actual Loss. No payment shall be due from the Sellers Seller in respect of a Proven Claim until actual loss in relation to the Warranty Claim has been suffered by the Purchaser or the Company (as the case may be) as a consequence of the matter which is the subject of the Warranty Claim.

Appears in 1 contract

Sources: Share Purchase Agreement (Loton, Corp)