Direct Claims definition

Direct Claims has the meaning set forth in Section 8.04(a).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Direct Claims mean any claim or claims (other than Third Party Claims) by an Indemnified Party against an Indemnifying Party for which the Indemnified Party may seek indemnification under this Agreement.

Direct Claims has the meaning Section 8.6(a) specifies.

Examples of Direct Claims in a sentence

• With respect to Direct Claims, following receipt of notice from the Indemnified Party of a Claim, the Indemnifying Party shall have 30 days to make such investigation of the Claim as the Indemnifying Party considers necessary or desirable.

• With respect to Direct Claims, following receipt of notice from the Indemnified Party of a Claim, the Indemnifying Party shall have 30 days to make such investigation of the Claim as the Indemnifying Party considers necessary or desirable, acting reasonably.

• With respect to Direct Claims, following receipt of notice from the Indemnified Party of a Claim, the Indemnifying Party shall have thirty (30) days to make such investigation of the Claim as the Indemnifying Party considers necessary or desirable.

• Underwriters dispute there is coverage for the Direct Claims and filed the Coverage Action, seeking a declaration of no coverage under the Insurance Policies.

• With respect to Direct Claims, following receipt of notice from the Indemnified Party of a Claim, the Indemnifying Party will have 30 days to make such investigation of the Claim as the Indemnifying Party considers necessary or desirable.

More Definitions of Direct Claims

Direct Claims means claims other than Third Party Claims. "Direct Claim" means one of the Direct Claims.

Direct Claims is defined in Section 8.10(b).

Direct Claims has the meaning set forth in Section 6.05.

Direct Claims has the meaning set forth in the definition of “Losses.”

Direct Claims has the meaning set forth in Section 10.5.

Direct Claims has the meaning set forth in Section 2.4(h).

Direct Claims means any Claim that is not a Third-Party Claim. The Seller will have a period of thirty (30) days following its receipt of the notice of a Direct Claim (the “Direct Claim Response Period”) to respond in writing to such Direct Claim. If the Seller does not so respond within such Direct Claim Response Period, the Seller will be deemed to have rejected such claim, in which event the Buyer will be free to pursue such remedies as may be available to the Buyer on the terms and subject to the provisions of this Agreement. If an objection is timely interposed by the Seller, then the Buyer and the Seller shall negotiate in good faith for a period of thirty (30) days from the date the Buyer receives such objection (such period, or such longer period as agreed in writing by the parties, is hereinafter referred to as the “Negotiation Period”). If the Negotiation Period has not resulted in a resolution of the Direct Claim that is the subject of the Direct Claim Notice prior to the expiration thereof, the Buyer or the Seller may submit the dispute for resolution to a court of competent jurisdiction and each will be free to pursue such remedies as may be available to them on the terms and subject to the provisions of this Agreement.