Pending Claims Amount definition

Pending Claims Amount means, as of a specified date, the amount that would be necessary in Parent’s reasonable good faith judgment to satisfy any then pending and unsatisfied or unresolved Claims specified in any Claim Notice delivered to the Stockholder Representative prior to such date if such Claims were resolved in full in favor of the Parent Indemnitees.

Pending Claims Amount has the meaning set forth in Section 2.8(c).

Pending Claims Amount means amount that would be necessary in Parent’s reasonable good faith judgment to satisfy any then pending and unsatisfied or unresolved claims for indemnification by any Parent Indemnitee specified in any Claim Certificate or Third-Party Claim Notice delivered to the Equityholder Representative prior to such date if such claims were resolved in full in favor of the Parent Indemnitees.

Examples of Pending Claims Amount in a sentence

• An employee under the provisions of this Agreement will serve a probationary period of 12 calendar months of continuous employment in the District during which time the Employer has the unqualified right to suspend without pay, discharge or otherwise discipline this employee; and during this probationary period, the employee has no recourse to the grievance procedure, insofar as suspension, dischargeor other discipline is concerned.

• Upon receipt by the Escrow Agent of any Notice of Claim, the Escrow Agent shall retain in the Escrow Fund an amount equal to the Losses claimed by Buyer until such time as there has been a determination of such Losses in accordance with the terms and provisions of the Stock Purchase Agreement (a "Pending Claims Amount").

• The two mediators in one competition session for all purposes will be referred to as Mediator 1 (M1) and Mediator 2 (M2) as designated in the match - ups.

• For the sake of clarity, any amount of indemnified Losses which is subject to dispute shall be a Pending Claims Amount (as defined below) for all purposes under this Agreement.

• From time to time after the release, if any, of funds as contemplated by the immediately preceding sentence, to the extent the funds remaining in the Escrow Account exceed the aggregate Pending Claims Amount (after the settlement or resolution, as applicable, of pending claims from time to time), such excess shall be promptly released and delivered by the Escrow Agent in accordance with the terms of the Escrow Agreement as directed by the Representative.

More Definitions of Pending Claims Amount

Pending Claims Amount means, as of any specified date, (i) the aggregate of the amounts of the claims made by the Buyers under Clause 7.02 which have been notified to Seller in accordance with Clause 7.01 and (ii) in relation to which the Buyer has provided its good faith reasonable estimate of the Seller’s liability under such claim (having regard to the documents and other information available to the Buyer Group at that time) but, for the avoidance of doubt, not including any Settled Claims.

Pending Claims Amount has the meaning set forth in Section 8.11 above.

Pending Claims Amount has the meaning set forth in Section 11.5(b)(i) below.

Pending Claims Amount means the aggregate amount claimed by the Buyer Indemnified Parties under Section 9.1 and/or Section 8.7 and the Buyer under Section 2.6(b)(iv) pursuant to claims made against the Escrow Fund in accordance with this Agreement that remain subject to dispute or are otherwise outstanding as of such date.

Pending Claims Amount means, as of any date, the sum of (i) the aggregate amount, if any, of all properly asserted claims made by the Buyer Indemnified Parties prior to such date in accordance with Article 10 or Article 11 (including Section 11.8), to the extent such claims remain pending and unresolved plus (ii) the aggregate amount, if any, of all properly asserted claims made by any Buyer Indemnified Parties prior to such date for amounts due and owing under any Ancillary Agreement in accordance with the applicable Ancillary Agreement and Article 11, to the extent such claims remain pending and unresolved.

Pending Claims Amount is defined in Section 9.6(b). “Permits” means all licenses, permits, registrations, accreditations, certifications, qualifications, approvals and consents pending with or issued by Government Authorities. “Permitted Encumbrances” means (i) statutory liens for Taxes not yet due and payable or being contested in good faith by appropriate procedures, (ii) statutory liens of landlords, carriers, warehousemen, mechanics and materialmen incurred in the ordinary course of business for sums not yet due and payable, (iii) liens incurred or deposits made in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other types of social security, (iv) easements, rights of way, zoning Laws and other land use restrictions that do not materially impair the present or anticipated value or use of the encumbered asset (v) in the case of leased property, all matters, whether or not of record, affecting the title of the lessor (and any underlying lessor) that do not materially impair the present or anticipated value or use of the encumbered asset, (vi) liens arising under original purchase price conditional sales contracts and equipment leases with third parties entered into in the ordinary course of business, and (vii) those encumbrances specifically approved by the Purchaser in writing. “Person” means any natural individual, corporation, partnership, limited liability company, joint venture, association, bank, trust company, trust or other entity, whether or not legal entities, or any governmental entity, agency or political subdivision. “Personal Information” means any information in the possession or under the control of the Sellers and their agents that identifies, relates to, describes, is reasonably capable of being associated with or could reasonably be linked, directly or indirectly with an individual, including any personally identifiable data and any other information that is defined as “personal data”, “personally identifiable information” or “personal information” under any Information Protection and Security Law. “Personnel” means each Seller’s human capital workforce who provide services to each Seller (whether employees or independent contractors). “Pre-Closing Period” means any Tax period ending before the Closing Date. “Proceeding” means any litigation, suit, action or binding arbitration (at law or in equity). “Providers” means the physicians and other health care professionals providing professional services on b...

Pending Claims Amount means the amount that would be necessary in Parent’s reasonable good faith judgment to satisfy any then pending and unsatisfied or unresolved claims for indemnification by any Parent Indemnitee (and eligible to be recovered from the Indemnity Escrow Funds in accordance with this Agreement) specified in any Claim Certificate or Third-Party Claim Notice delivered to the Equityholder Representative prior to such date if such claims were resolved in full in favor of the Parent Indemnitees. Certain confidential information contained in this document, marked by [*****], has been omitted because Sportradar Holding AG (the “Company”) has determined that the information (i) is not material and (ii) would likely cause competitive harm to the Company if publicly disclosed.