Conditional Claim definition
Conditional Claim means any Claim of an Affected Creditor that is not a Proven Claim as at the Filing Date because one or more conditions precedent to establish such Affected Creditor's entitlement to payment by the Company had not been completed in accordance with any applicable contractual terms as at the Filing Date, and such Affected Creditor has indicated in its proof of claim that the Claim should be treated as a Conditional Claim;
Conditional Claim means any Claim of an Affected Creditor that is not a Proven Claim as at the Filing Date because one or more conditions precedent to establish such Affected Creditor's entitlement to payment by the Company had not been completed in accordance with any applicable
Examples of Conditional Claim in a sentence
Subject: Conditional Claim under Bank Guarantee/Insurance Surety Bond No dated ……..for ….(amount in figures and words)………..valid upto…………… Dear Sir, Please refer to Bank Guarantee/Insurance Surety Bond No…………dated………for ….(amount in figures and words)………..valid upto……….issued by you on behalf of …….(mentioned name and address of the contractor/supplier) in our favour towards the Contract No………..