Competing Claim definition

Competing Claim means a claim by a Debtor to a beneficial interest in, or to delivery of, or to the proceeds of or any derived asset or income arising from, any securities or money in LBIE’s custody or control, for which LBIE reasonably believes in good faith that its books and records indicate that any UK Affiliate (except LBIE) also has such a claim in relation to the same stockline or money, it being understood that a Security Interest is not such a claim.
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Competing Claim means a claim that is brought by a band before an adjudicative body otherwise than under this Act if there was another claim filed under section 10 and the two claims are in respect of the same asset and raise substantive or remedial issues that could result in irreconcilable decisions.
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Examples of Competing Claim in a sentence

  • If law enforcement makes a request of GIA with respect to a Competing Claim (including without limitation a request for GIA to provide the applicable article to the agency), then GIA may, in its sole discretion, comply with the request.

  • You may be a Submitting Client and the Articles you submit to GIA may be subject to a Competing Claim.

  • In addition, GIA may, in its sole discretion and at any time, affirmatively notify law enforcement agencies about a Competing Claim.

  • When GIA is notified that an article is of interest to law enforcement, lost, stolen, or owned by a third party and GIA subsequently receives an article that has substantially similar characteristics to the characteristics in a previous plotting diagram, then there is a "Competing Claim" and the terms and conditions in this Section 7 will apply.

  • GIA may cooperate with law enforcement agencies at any time and in any way with respect to a Competing Claim.

  • Any GIA client who submits a Relevant Article to GIA for grading or other Services is the "Submitting Client" for purposes of a Competing Claim and the process described in this Section 7.

  • You agree that GIA may also, at its sole discretion, share your Client Information, as well as the Other Information, with any other parties involved in the Competing Claim.

  • If no Reporting Party has a Competing Claim with respect to your Article at the time of an Agency Notice, then GIA will return your Article to you, subject to any contrary terms in this Agreement.

  • Any article described above that (i) is received by GIA, (ii) is the subject of a Competing Claim, and (iii) was previously graded by GIA is a "Relevant Article".

  • With respect to an Article you submitted to GIA for which there is a Competing Claim, GIA shall use reasonable efforts to (i) notify you and any other interested party(ies) of which GIA is aware of the Competing Claim with respect to your Article and (ii) notify you where GIA has received an Agency Notice (each notice from GIA to you is a "GIA Notice").