Construction Claim definition

Construction Claim means a claim brought for or on account of property damage or bodily injury arising out of an Acquired Company's Product or Work with respect to a home or Condominium Unit completed by an Acquired Company and delivered to one of its customers prior to the date of Closing. "Deliveries Check List" - Exhibit C.

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Construction Claim means any claim, proceeding or investigation by any person in respect of any Construction Law.

Construction Claim means a claim secured by a valid legal hypothec of a person having taken part in the construction or renovation of an immovable both, as finally determined (by the Monitor, or, alternatively, by the Court) for voting purposes entitling such Construction Claim Creditor to vote at the Creditors’ Meeting in accordance with the provisions of the Claims Procedure Order and Meeting Order, the Plan and the CCAA, and includes, for greater certainty, a Proven Claim;

Examples of Construction Claim in a sentence

Selling Parties will have the right to participate, with counsel of their choice and at their expense, in the administration of any Excluded Construction Claim.
The Escrow Agent shall be authorized by the parties to disburse the Initial Disbursement to discharge such indebtedness directly to such creditors of Seller and to reimburse Buyer for discharging Seller’s delinquent Taxes owed to the Florida Department of Revenue, pursuant to the joint written instructions of Buyer and Seller, and, if disbursed from the Construction Claim Escrow, Landlord.
No Construction Claim and Planning Claim has been commenced or (to the best of the Borrower's knowledge and belief) is threatened against the Borrower or any of the Tenants.
Notwithstanding the foregoing, Buyer will not settle any Excluded Construction Claim, or series of related Excluded Construction Claims, in excess of $[ * ] without the prior written consent of the Stockholders’ Representative.
The subcontractor requesting that the claim be presented to the District shall comply with the Agreement, including the General Conditions, and shall furnish reasonable documentation to support the Construction Claim.
No action, suit or proceeding shall have been instituted by any person or entity, or threatened by any governmental agency or body, before a court or governmental body, to restrain or prevent the carrying out of the transactions contemplated by this Agreement or that seeks other relief with respect to any of such transactions or that could, individually or in the aggregate, have a material adverse effect on the Business Condition of the Company (excluding any Houston Warehouse Construction Claim).
If Assignee receives notice of any Construction Claim or becomes aware of any potential Construction Claim, Assignee shall immediately notify Assignor in accordance with the notice provisions of the Purchase and Sale Agreement.
Notwithstanding anything contained in this Agreement to the contrary, by entering into this Agreement, Tenant or B&N Inc., as the case may be, does not herein waive or release any claims, rights, causes of action or defenses, including without limitation Tenant's or B&N Inc., as the case may be, right to commence any action or proceeding to recover the Construction Claim which may be available to Tenant or B&N Inc., as the case may be, against any person.
Field EXHIBIT 2.3 CONSTRUCTION CLAIM ESCROW AGREEMENT This Construction Claim Escrow Agreement (“Agreement”) is made as of December , 2011, by Granite City Restaurant Operations, Inc., a Minnesota corporation (“Buyer”), ▇▇▇▇▇▇▇ ▇▇, LLC, an Ohio limited liability company (“Seller”), ▇▇▇▇ ▇▇▇▇▇▇▇▇, a resident of ▇▇▇▇▇▇ County, Ohio (“Owner,” and together with Seller, the “Selling Parties”), ▇▇▇▇▇▇▇ ▇.
With respect to any Excluded Construction Claim, or any series of related Excluded Construction Claims, of * or less and with respect to Excluded Construction Claims, or any series of related Excluded Construction Claims, for which Seller consents in writing to settlement, Seller will be deemed to have agreed to the amount of such claim as resolved by Buyer.

More Definitions of Construction Claim

Construction Claim means: (i) a Claim, including a D&O Claim, asserted under the trust provisions of applicable Provincial Lien Legislation or a Claim asserted against the holdback under applicable Provincial Lien Legislation; or (ii) a Claim secured in whole or in part by the registration of a builders’ or construction lien under applicable Provincial Lien Legislation against any real property that has been or is owned or leased by any of the Sears Canada Entities, or a Claim secured in whole or in part by any security held in connection with a Vacated or Discharged Lien;