MC Claims definition
MC Claims as defined in the Allocation Agreement), as well as of each of them individually, so that the failure of either Party to assert a PE Indemnification Claim against PE may have the practical effect of delaying or precluding the ability of the other Party to assert against PE a separate PE Indemnification Claim that does not itself result in the Minimum PE Claim Amount being exceeded.
MC Claims. (as therein defined), and agreeing to act as agent for GSC and MCSC in pursuing such claims against PE. It is expressly agreed that nothing contained in the Allocation Agreement shall amend or modify, impair any rights or either Party under, or give rise to any claim by either Party against the other under or with respect to, this Agreement.
Examples of MC Claims in a sentence
Each of the Parties acknowledges that, pursuant to the Amendatory Agreement, certain claims that would or might otherwise have been PE Indemnification Claims have been irrevocably waived and released in favor of PE and, as a result, do not constitute Gart Claims or MC Claims for the purposes of, and will not give rise to Indemnification Re-Allocation Claims under, this Agreement.
In accordance with this Agreement, TPH's beneficial interest in all the economic benefit of its PE Indemnification Claims is hereby irrevocably conferred on GSC with respect to Gart Claims and on MCSC with respect to MC Claims, and is hereby retained with respect to TPH Claims.