Direct Claim definition

Direct Claim has the meaning set forth in Section 8.05(c).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Direct Claim means any claim by an Indemnitee on account of an Indemnifiable Loss which does not result from a Third Party Claim.

Direct Claim has the meaning set forth in Section 10.5.

Examples of Direct Claim in a sentence

The Indemnifying Party shall have thirty (30) days after its receipt of such notice to respond in writing to such Direct Claim.
In the case of a Direct Claim, the Indemnifying Party shall have 60 days from receipt of a Claim Notice in respect thereof within which to make such investigation as the Indemnifying Party considers necessary or desirable.
If the Indemnitor does not so respond within such thirty (30)-day period, the Indemnitor shall be deemed to have rejected such Direct Claim, in which case the Indemnitee shall be free to pursue any remedies as may be available to the Indemnitee under this Agreement.
Such notice by the Indemnified Party shall describe the Direct Claim in reasonable detail, shall include copies of all material written evidence thereof and shall indicate the estimated amount, if reasonably practicable, of the Loss that has been or may be sustained by the Indemnified Party.
The Indemnitor shall have thirty (30) days after its receipt of such notice to respond in writing to such Direct Claim.

More Definitions of Direct Claim

Direct Claim has the meaning set forth in Section 5.5.

Direct Claim shall have the meaning set forth in Section 10.3(d).

Direct Claim has the meaning set forth in Section 4.06(b).

Direct Claim means any Claim by an Indemnified Party against an Indemnifying Party which does not result from a Third Party Claim;

Direct Claim has the meaning ascribed thereto in Section 8.3(a);

Direct Claim means any cause, matter, thing, act, omission or state of facts not involving a Third Party Claim which entitles an Indemnified Party to make a claim for indemnification under this Agreement.

Direct Claim as set forth in Section 9.4.2.