Direct Claim definition

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

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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

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.
Any Action by an Indemnified Party on account of a Loss which does not result from a Third-Party Claim (a “Direct Claim”) shall be asserted by the Indemnified Party giving the Indemnifying Party reasonably prompt written notice thereof, but in any event not later than thirty (30) days after the Indemnified Party becomes aware of such Direct Claim.
The Indemnifying Party shall within thirty (30) days after its receipt of such notice respond in writing to such Direct Claim.
If the Sellers Representative objects in good faith and delivers written notice of such objection to Purchaser within such 30-day period, the Sellers Representative shall be deemed to have rejected such Direct Claim, in which case the Purchaser Indemnified Party shall be free to pursue all remedies against Sellers under this Agreement or applicable Law.
In the case of a Direct Claim, the Indemnifying Party shall have sixty (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.

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 is defined in Section 9.4.