Claimed Party definition

Claimed Party shall have the meaning given in Clause 11.1 hereof;
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Claimed Party has the meaning given in paragraph 5.1 of Schedule 5.
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Examples of Claimed Party in a sentence

  • Failure to give notice within such period shall not affect the rights of Mergeco except if and to the extent that the Claimed Party is prejudiced by the failure.

  • If the Claimed Party does not give notice during that period, the Claiming Party shall be entitled in its absolute discretion to settle, compromise, or resist any action, proceedings or claim out of which the relevant Claim or liability to a third party may arise.

  • The Claiming Party shall not be entitled to recover from the Claimed Party under this Agreement more than once in respect of the same Losses suffered.

  • The Claimed Party shall not be liable under this Agreement in respect of any liability or Claim which is contingent unless and until such contingent liability or Claim becomes an actual liability or Claim and is due and payable pursuant to a judicially or administrative enforceable decision.

  • The Claimed Party shall not be liable under this Agreement unless and until the liability in respect of which the Claim is made has become due and payable and is accepted or confirmed by an arbitral award, reached pursuant to Clause 14.1 below.

  • None of the limitations contained in this Clause 10 shall apply to any Claim which arises or is increased, or to the extent to which it arises or is increased, as the consequence of, or which is delayed as a result of, fraud, wilful misconduct, wilful concealment or gross negligence by the Claimed Party, or any of their respective directors, officers, employees or agents.

Related to Claimed Party

  • Buyer Indemnitee has the meaning set forth in Section 8.1(b).

  • Seller Indemnitee has the meaning set forth in Section 9.2(b).

  • Claimed Amount means the amount of any Damages incurred or reasonably expected to be incurred by the Indemnified Party.

  • 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.

  • Indemnified Party’s Group means the Seller Group (with respect to a Seller Indemnified Party) or the Purchaser Group (with respect to a Purchaser Indemnified Party).