Trustees’ Review of Licensee’s Claim upon Receipt Sample Clauses

Trustees’ Review of Licensee’s Claim upon Receipt. The Trustees shall conduct a reasonable review of the claim upon receipt and, within a period not to exceed 45 days, shall provide the Licensee a written statement identifying disputed and undisputed portions of the claim. Upon receipt of the claim, the Trustees and Licensee may, by mutual agreement, extend the time provided herein. The Trustees’ failure to issue a written statement shall result in the rejection of the claim in its entirety. A claim that is denied by reason of the Trustees’ failure to respond to the claim or to meet the time requirements contained herein shall not constitute an adverse finding regarding the merits of the claim or the responsibility/qualifications of the Licensee.
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Related to Trustees’ Review of Licensee’s Claim upon Receipt

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  • Procedure for Claiming Indemnity 14.2.1 Third party claims

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