Maximum recovery definition

Maximum recovery means the maximum allowable reimbursement possible from the collection of rebate fees to be paid to the installer of the rebate sewage facility.
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Maximum recovery. Notwithstanding anything in this Agreement to the contrary, the Seller's liability for indemnification under this Section 6.1 will not exceed 30% of the Purchase Price; provided that the foregoing limitation shall not apply to any Buyer Incurred Damages arising from a breach of the representations and warranties set forth in Sections 4.1, 4.2, 4.3 and 4.4.
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Maximum recovery means the amount necessary to provide, as of any date of determination, Payment in Full to all holders of Allowed Claims in Classes 2, 3, 6, and 7, plus the SCC Litigation Trust’s aggregate administrative expenses minus the SCC Litigation Trust Expense Fund.
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Examples of Maximum recovery in a sentence

  • If Seller fails to pay or perform any Guaranteed Obligation, following the date the same becomes due and payable (and after giving effect to all applicable periods of grace and notice), then, subject to the limit of the Maximum Recovery Amount, Guarantor will pay or perform such obligation within three Business Days following written demand by WEPCO to the Guarantor.

  • The Debtor's interest in the collateral that is encumbered, from time to time, by this Agreement, together with the amount determined by the Liability Formula is referred to herein as the "Maximum Recovery".

  • No term or provision of this Guaranty shall be amended, modified, altered, waived or supplemented except in a writing signed by Guarantor and Counterparty; provided, however, that an amendment to this Guaranty increasing the Maximum Recovery Amount and/or extending the termination date of this Guaranty may be executed solely by Guarantor.

  • Such liability, if any, of the undersigned pursuant to the preceding sentence shall be subject to and limited by all of the terms and conditions set forth in the annexed Agreement applicable to Seller’s liability in connection therewith, including, without limitation and to the extent applicable, the Maximum Recovery and the Survival Period.

  • The Maximum Recovery Limit for each subsequent Calendar Year shall be determined in accordance with Article 5, Application of Maximum Recovery Limit.

  • The Reinsurer will be liable for its share of GMDB Recoveries and Reinsured GRIB Shortfall Payments, subject to the exhaustion of the Maximum Recovery Limit and the other terms and conditions of this Contract, until the expiration or termination of the Original Policies.

  • The Holder shall neither seek, nor be entitled to, any recovery or remedy against the Maker under this Note and the Stock Pledge Agreement other than the Maximum Recovery.

  • The Creditor shall neither seek, nor be entitled to, any recovery or remedy against the Maker under this Agreement or the Note other than the Maximum Recovery.

  • For the avoidance of doubt, only the Reinsured GRIB Shortfall Amounts and not the Reinsured GRIB Shortfall Payments shall count against the Maximum Recovery Limit.

  • The Debtor's interest in the collateral that is encumbered, from time to time, by the Stock Pledge agreement, together with the amount determined by the Liability Formula, is referred to herein as the "Maximum Recovery".