Claim Amounts Clause Samples
The 'Claim Amounts' clause defines the specific monetary values or limits associated with claims that may arise under a contract. It typically outlines how much can be claimed for certain types of breaches, losses, or damages, and may set minimum thresholds or maximum caps on recoverable amounts. For example, it might state that claims below a certain dollar amount are not actionable, or that total liability is limited to a percentage of the contract value. This clause serves to manage financial risk and provide predictability for both parties by clearly establishing the boundaries for potential claims.
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Claim Amounts. To facilitate the Rights Offerings, as soon as reasonably practicable after the Amendment Effective Date but in no event later than 5 Business Days before the hearing to confirm the Amended Plan, the Commitment Parties shall provide to the Debtors a schedule of Unsecured Notes holdings, identifiable by CUSIP or similar unique identifier, specifying those (i) held as of September 12, 2017 (for the Execution Date Commitment Parties) or January 5, 2018 (for the New Commitment Parties) and still held, (ii) purchased after September 12, 2017 (for the Execution Date Commitment Parties) or January 5, 2018 (for the New Commitment Parties) and still held, (iii) held as of September 12, 2017 (for the Execution Date Commitment Parties) or January 5, 2018 (for the New Commitment Parties) and subsequently transferred to a third party, or (iv) purchased after September 12, 2017 (for the Execution Date Commitment Parties) or January 5, 2018 (for the New Commitment Parties) and subsequently transferred to a third party. For any Unsecured Notes held by a Commitment Party as of held as of September 12, 2017 (for the Execution Date Commitment Parties) or January 5, 2018 (for the New Commitment Parties) and subsequently transferred by a Commitment Party to a third party after September 12, 2017 for (for the Execution Date Commitment Parties) or January 5, 2018 (for the New Commitment Parties), the applicable Commitment Party shall provide to the Seadrill the identity of such third party and an executed joinder in compliance with the Restructuring Support Agreement as soon as reasonably practicable after the Amendment Effective Date but in no event later than the 5 Business Days before the hearing to confirm the Amended Plan. The Consenting Stakeholders hereby represent and warrant that such schedule and the Company Claims/Interests schedule on their signature page to this Amendment are accurate. During the Agreement Effective Period, each Consenting Stakeholder must notify counsel to the Company Parties as soon as reasonably practicable of any change to that Consenting Stakeholder’s Company Claims/Interests and provide an executed joinder, in each case, in compliance with Section 9 of the Restructuring Support Agreement.
Claim Amounts. Notwithstanding any other provisions in this Clause 15, the Deed Administrators may in their sole and absolute discretions resolve any ROT Claims as they see fit provided that it is in the commercial interest of the Company for the Deed Administrators to do so.
Claim Amounts. Claims covered under this Agreement include only claims relating to the Reinsured Risks on the Reinsured Policies. The amounts payable in respect of such claims (the “Claim Amounts”) are defined in Exhibit B-2.
Claim Amounts. Litigation Trust Beneficiaries Claim Amount32 Melody Beneficiaries $[47,703,043] (“Melody Claim Amount”) ECP Tranche A Beneficiaries $[17,527,086] (“ECP Tranche A Claim Amount”) ECP Tranche B Beneficiaries $[49,825,828] (“ECP Tranche B Claim Amount”) ECP Tranche C Beneficiaries $[346,899,667] (“ECP Tranche C Claim Amount”)