Pending Warranty Claim definition

Pending Warranty Claim means a Warranty Claim made on or before the Payment Date or the Final Payment Date (as applicable) by the Purchasers against the Vendors in accordance with this Agreement, which is not yet Settled or Determined on the Payment Date or the Final Payment Date.
Sample 1
Pending Warranty Claim means any Warranty Work claims asserted by the Purchaser that remain unresolved as of such date.
Sample 1
Pending Warranty Claim means any claim related to, arising out of or in connection with subcontractor work at any Project which was paid for by †..
Sample 1

Examples of Pending Warranty Claim in a sentence

  • On the Payment Date, if the total of all Pending Warranty Claim Amounts is less than AUD1,300,000, SPS Australia and LSA jointly must, within 5 days deliver to the Escrow Agent an executed Transfer Notice instructing the Escrow Agent to release Escrowed Shares and/or cash (to the extent that cash is in the Escrow Account) with a value equal to AUD1,300,000 to the Vendors.

  • On the Final Payment Date, SPS Australia and LSA jointly must within 5 days deliver to the Escrow Agent an executed Transfer Notice, instructing the Escrow Agent to release the balance of the Escrowed Shares and the cash (if any) remaining in the Escrow Account that exceeds the total of all Pending Warranty Claim Amounts to the Vendors.

  • For the avoidance of doubt, if the total of all Pending Warranty Claim Amounts on the Payment Date is more than AUD1,300,000, no amount of Escrowed Shares or cash will be released from the Escrow Account to the Vendors in accordance with clause 4.7.

Related to Pending Warranty Claim

  • Warranty Claim means a claim for breach of any of the Warranties.

  • Pending Claim has the meaning set forth in Section 9.6 hereof.

  • 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.

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

  • Deficiency Claim means any portion of a Claim (a) to the extent the value of the holder’s interest in Assets securing such Claim is less than the amount of such Claim or (b) to the extent the amount of a Claim is subject to setoff is less than the amount of the Claim, each as determined by § 506(a) of the Bankruptcy Code.

  • Deficiency Claim Date means, with respect to any Distribution Date, the fourth Business Day immediately preceding such Distribution Date.

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

  • 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.

  • Infringement Claim means a third party claim alleging that the Equipment manufactured by Motorola or the Motorola Software directly infringes a United States patent or copyright.

  • Unresolved Claim means a Claim, which at the relevant time, in whole or in part: (a) has not been Finally Determined to be a Proven Claim in accordance with the Amended Claims Procedure Order and this Plan; (b) is validly disputed in accordance with the Amended Claims Procedure Order; and/or (c) remains subject to review and for which a Notice of Allowance or Notice of Revision or Disallowance (each as defined in the Amended Claims Procedure Order) has not been issued to the Creditor in accordance with the Amended Claims Procedure Order as at the date of this Plan, in each of the foregoing clauses, including both as to proof and/or quantum;

  • Payment Claim means the claim for payment made by the Contractor in accordance with this Contract.

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • Section 510(b) Claim means any Claim arising from: (a) rescission of a purchase or sale of a security of the Debtors or an Affiliate of the Debtors; (b) purchase or sale of such a security; or (c) reimbursement or contribution allowed under section 502 of the Bankruptcy Code on account of such a Claim.

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

  • Buyer Losses has the meaning set forth in Section 10.1(a).

  • Warranty Event As to any Asset, the discovery that as of the related Cut-Off Date or Funding Date there had existed a breach of any representation or warranty relating to such Asset and the continuance of such breach through any applicable determination date or beyond any applicable cure period.

  • Environmental Defect means, with respect to any given Asset, a material violation of Environmental Laws in effect as of the Effective Time in the jurisdiction in which such Asset is located.

  • Pending Claims shall have the meaning set forth in Section 7.1(e).

  • Seller Losses shall have the meaning set forth in Section 9.1(b).

  • Gas Supply Deficiency means any occurrence relating to Seller's gas supply which causes Seller to deliver less than the total requirements of its system, including failures of suppliers to deliver gas for any reason, requirement of gas for system storage, conservation of gas for future delivery, or any other occurrence which is not enumerated herein which affects Seller's gas supply.

  • 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.

  • 503(b)(9) Claim means a Claim or any portion thereof entitled to administrative expense priority pursuant to section 503(b)(9) of the Bankruptcy Code.

  • IP Claim means a Claim made against you by a third party alleging that the Stripe Technology, Services or a Stripe Mark provided to and used by you in accordance with this Agreement infringes or misappropriates the IP Rights of the third party making the Claim, excluding Claims made by Connected Accounts.

  • IPR Claim means any claim of infringement or alleged infringement (including the defence of such infringement or alleged infringement) of any IPR, used to provide the Services or as otherwise provided and/or licensed by the Supplier (or to which the Supplier has provided access) to the Authority in the fulfilment of its obligations under this Framework Agreement;

  • Environmental Defect Notice shall have the meaning set forth in Section 12.1(a).

  • Deficiency Payment has the meaning set forth in Section 9(a).