Claims Amount definition

Claims Amount means, in relation to each Vendor, such amount, at the relevant time, as is equal to the aggregate of all amounts which the Purchaser has claimed (by way of notification of such claim by the Purchaser to such Vendor in accordance with paragraphs 2.1 to 2.5 of Schedule 6 to this Agreement) are due from such Vendor pursuant to any Relevant Claim which has not, at the relevant time, either (i) been withdrawn in writing by the Purchaser, or (ii) become a Settled Claim in respect of which such Vendor has paid or otherwise settled in full his liability to the Purchaser under this Agreement;

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Claims Amount means the Escrow Amount together with interest which accrues thereon or so much thereof as remains subject to the provisions of this agreement from time to time and to the extent standing to the credit of the Escrow Account;

Claims Amount shall be mean an amount equal to (x) the amount expressly accrued in the final determination of Closing Date Net Working Capital for all public liability claims that are incurred prior to Closing (which, for the avoidance of doubt, includes all claims set forth on Schedule 3.10 under the heading “Litigation - Insured”) and all Pre-Closing Workers Compensation Claims, plus (y) five million dollars ($5,000,000).

Examples of Claims Amount in a sentence

Third Party Health Insurance Cost Avoidance Claims Amount by Carrier b.
If a Claim Notice has been properly issued by Pledgee, then the rights granted under this Paragraph 7(a) shall be exercisable by Pledgee, rather than Pledgor, with respect to Collateral having a Value equal to the Estimated Claims Amount (the “Claims Pending Collateral”), with Pledgor retaining the rights granted hereunder relating to all other Collateral.
Promptly after the Release Date, Buyer and Seller shall jointly instruct the Escrow Agent to release to Seller from the Escrow Fund in accordance with the Escrow Agreement the portion of the Escrow Fund, if any, in excess of the sum of (i) the amount, if any, that Buyer and Seller have instructed the Escrow Agent to disburse from the Escrow Account that has not actually been disbursed as of such date, and (ii) the Unresolved Claims Amount as of the Release Date.
No claim for breach of Warranties can be asserted toward the Substantiated Claims Amount by the Purchaser where such claim is wholly attributable to any voluntary act, omission, transaction or arrangement specifically requested by the Purchaser or otherwise specifically consented to in writing by the Purchaser prior to the occurrence of such voluntary act, omission, transaction or arrangement.
Notwithstanding anything in this Agreement to the contrary, the provisions of this Section 9.5 shall operate to limit the ability of the Purchaser to assert what could otherwise be a claim that might qualify toward the Substantiated Claims Amount in respect of any breach of or any inaccuracy in the Warranties.

More Definitions of Claims Amount

Claims Amount means the aggregate sum of £8,000,000;

Claims Amount means the amount paid (or payable) for Members’ claims under the HRA Plan, in accordance with the Plan of Benefits.

Claims Amount means the amount of the Claim with respect to each of (i) ▇▇▇▇▇▇▇ ▇▇▇▇ Claims, (ii) Jersey Bond Claims, (iii) Pride Bond Claims, (iv) Ensco International Bond Claims and (v) Legacy ▇▇▇▇▇ ▇▇▇▇ Claims.

Claims Amount means the amount available to satisfy Class Member claims under the Distribution Protocol (in the form of Schedule D hereto) after Administration Expenses and Class Counsel Fees and Disbursements have been paid from the Total Settlement Maximum. This represents the maximum available funds for the Consumer Cash Payments and the Consumer Credit Payments combined (as these terms are defined below).

Claims Amount has the meaning set forth in Section 1(c)(iii).

Claims Amount means the aggregate amount of all Claims, Third Party Claims, Primary Creditor Claims and Secondary Creditor Claims (each as hereinafter defined).

Claims Amount has the meaning set forth in Section 11.5(e).