Indemnity Claim Amount definition

Indemnity Claim Amount means the amount of Losses claimed in any Notice of Claim, which amount, if not finally determined, may be a good faith estimate of the Losses that may be subject to indemnification pursuant to this Agreement.
Sample 1Sample 2Sample 3
Indemnity Claim Amount is defined in Section 8.12(b).
Sample 1Sample 2
Indemnity Claim Amount means the amount of Damages claimed in any Notice of Claim, which amount, if not finally determined, may be a good faith estimate of the Damages that may be subject to indemnification pursuant to this Agreement.
Sample 1Sample 2

Examples of Indemnity Claim Amount in a sentence

  • Upon receipt of such notice, the Disbursing Agent shall transfer the funds so designated, provided that such funds are in excess of any Indemnity Claim Amount, from the Indemnity Escrow Account to the Litigation Reserve Account.

  • If neither Buyer nor Seller initiates legal proceedings in respect of the dispute within twelve (12) months following the date the Dispute Notice is given, the portion of the Indemnity Claim Amount which is disputed will not be an Indemnity Amount Payable, and the Indemnified Party will have no further right, under this Agreement, to seek to recover such amount from the Indemnifying Party.

  • WobserCity Manager EXHIBIT "1"The legal form and correctness of the within instrument is hereby approved.

  • Notwithstanding anything to the contrary contained herein, if the sum of (A) the Recoupment Amount, if any, applicable to a Delta FASA Credit, (B) the Delta Indemnity Claim Amount, if any, applicable to such Delta FASA Credit and (C) the Delta FASA Claim Amount, if any, applicable to such Delta FASA Credit exceeds the amount of such Delta FASA Credit, then such excess shall be applied against future Delta FASA Credits, if any, but only to the extent expressly permitted pursuant to Section 4.4(b) hereof.

  • If Buyer and Seller are unable to resolve any portion of the Indemnity Claim Amount within 2 months following the date the Dispute Notice is given, either Buyer or Seller may initiate proceedings specified in Section 9.12 (Governing Law; Venue; and Jurisdiction) of this Agreement to obtain resolution of the dispute.

  • If Buyer and Seller are unable to resolve any portion of the Indemnity Claim Amount within two (2) months following the date the Indemnification Dispute Notice is given, either Buyer or Seller may initiate proceedings in accordance with Section 9.4 to obtain resolution of the dispute.

  • In the event of litigation between the Respondent(s) and SNFC, the Disbursing Agent shall deliver the Indemnity Claim Amount to the clerk of the court in which said litigation is pending.

  • If the Indemnified Party does not receive a Claim Objection within the Objection Period, then the Indemnifying Party shall be deemed to have acknowledged and agreed with the correctness of such Indemnity Claim Amount for the full amount thereof and shall thereafter be precluded from disputing such Indemnity Claim Amount.

  • Customers located in the Basehor exchange may select as an option exchange service (724) which permits local calling to the Kansas City Metropolitan and Tonganoxie exchanges at rates set forth in Part 4, Section 2.

  • If NorthWestern and Avista are unable to resolve any portion of the Indemnity Claim Amount within two (2) months following the date the Indemnification Dispute Notice is given, either NorthWestern or Avista may initiate proceedings in accordance with Section 8.10 or Section 10.2 (as applicable) to obtain resolution of the dispute.


More Definitions of Indemnity Claim Amount

Indemnity Claim Amount means the amount of any claim reimbursable or indemnified by the APL Parties in accordance with Articles 8, 10 or 11 of the Formation Agreement.
Sample 1Sample 2
Indemnity Claim Amount means, with respect to an Indemnity Claim, the amount determined as prescribed in subsection (c)(iv) of this section.
Sample 1Sample 2
Indemnity Claim Amount has the meaning set forth on Schedule F.
Sample 1Sample 2
Indemnity Claim Amount means the Buyer’s good faith estimate of the amount of damages to which it is entitled pursuant to a Claim Notice given under the Purchase Agreement.
Sample 1
Indemnity Claim Amount has the meaning set forth in Section 9.4(a) hereof.
Sample 1
Indemnity Claim Amount is defined in Section 9.5(a).
Sample 1

Related to Indemnity Claim Amount

  • Indemnity Claim has the meaning set forth in Section 8.3.

  • Claim Amount means the amount calculated in accordance with Section 6.2 of this Policy.

  • Deficiency Claim Amount has the meaning set forth in Section 5.5(a).

  • Indemnification Escrow Amount has the meaning specified in Section 3.6(a).

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Indemnification Claim Notice has the meaning set forth in Section 11.3.

  • Indemnity Escrow Amount means $3,000,000.

  • Indemnification Claim has the meaning set forth in Section 10.3.

  • Liability Claim has the meaning set forth in Section 7.2(a).

  • Indemnity Cap has the meaning set forth in Section 9.2(b).

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Expected Claim Notice means a notice that, as a result of a legal proceeding instituted by or written claim made by a third party, an Indemnified Party reasonably expects to incur Damages for which it is entitled to indemnification under Article VII.

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.

  • Indemnification Cap has the meaning set forth in Section 9.3(a).

  • Indemnified Claims shall include any and all claims, demands, suits, causes of action, judgments and liability of every character, type or description, including all reasonable costs and expenses of litigation, mediation or other alternate dispute resolution mechanism, including attorney and other professional fees for: (1) damage to or loss of the property of any person (including, but not limited to the City, the Contractor, their respective agents, officers, employees and subcontractors; the officers, agents, and employees of such subcontractors; and third parties); and/or (2) death, bodily injury, illness, disease, worker's compensation, loss of services, or loss of income or wages to any person (including but not limited to the agents, officers and employees of the City, the Contractor, the Contractor’s subcontractors, and third parties), ii. "Fault" shall include the sale of defective or non- conforming deliverables, negligence, willful misconduct or a breach of any legally imposed strict liability standard.

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Claim Expenses means reasonable documented attorneys’ fees and all other reasonable documented out-of-pocket costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any Claim, including any Action relating to a claim for indemnification or advancement brought by an Indemnified Party as contemplated in Section 7.5.

  • Indemnified Claim has the meaning set forth in Section 8.2.

  • Claimed Amount means the amount of any Damages incurred or reasonably expected to be incurred by the Indemnified Party.

  • Rejection Damages Claim means any Claim on account of the rejection of an Executory Contract or Unexpired Lease pursuant to section 365 of the Bankruptcy Code.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Claim Period means the period of time during which a Settlement Class Member must submit a Claim Form to be eligible to receive a Cash Benefit or Billing Credit Option as part of the Settlement. The Claim Period shall commence not later than thirty (30) days after the Preliminary Approval Date, as defined herein, and shall conclude not more than ninety (90) days after it commences.

  • Third Party Claim Notice shall have the meaning set forth in Section 6.5(a).