Potential Claim definition

Potential Claim means any Claim which has either: (i) not yet been submitted, but in accordance with time limits set forth in this Contract may still be submitted; (ii) been submitted, but a determination by MIGA has not yet been made as to its validity; or (iii) been submitted, and a determination has been made, but compensation has not yet been paid to the Guarantee Holder.

Potential Claim means any conduct or circumstance that might reasonably be expected to the be the basis of a Claim.

Potential Claim means any facts notified to Us in accordance with section 40(3) of the Insurance Contracts Act 1984 (Cth).

Examples of Potential Claim in a sentence

• The written Notice of Potential Claim shall set forth the reasons for which the Contractor believes additional compensation or extension of time is due, the nature of the cost involved, and insofar as possible, the amount of the potential claim.

• The Contractor shall not be entitled to additional compensation which otherwise may be payable, or to extension of time for (1) any act or failure to act by the Contracting Officer or the County, or (2) the happening of any event or occurrence, unless the Contractor has given the County a written Notice of Potential Claim within 10 days of the commencement of the act, failure, or event giving rise to the claim, and before final payment by the County.

• Direct costs of work performed under a notice of potential claim in conformance with the provisions in Section 9-1.04, "Notice of Potential Claim," of the Standard Specifications.

• The written Notice of Potential Claim shall set forth the reasons for which the Vendor believes additional compensation or extension of time is due, the nature of the cost involved, and insofar as possible, the amount of the potential claim.

• The Contractor should understand that timely Notice of Potential Claim is of great importance to the Construction Manager and City, and is not merely a formality.

More Definitions of Potential Claim

Potential Claim has the meaning set forth in Section 7.6(b).

Potential Claim means a professional services incident that may reasonably be expected to result in an actual Claim against the Insured. Oral notices or demands for money or services, records requests, adverse outcomes resulting from direct patient treatment, and other signs that the patient is dissatisfied with treatment are all indicators of potential Claims.

Potential Claim means any Wrongful Act that may subsequently give rise to a Claim.

Potential Claim shall have the meaning set forth in Section 9.16(a).

Potential Claim means any conduct or circumstance, other than a Data Security Wrongful Act or Data Compromise, that might reasonably be expected to be the basis of a Claim.

Potential Claim means a claim in any patent issued or granted under the laws of any country, as well as a claim in, or supported by, any pending published patent application filed under the laws of any country, of which a Representative of a Participant has actual personal knowledge and that, in the good faith judgment of such Participant’s Representative, may be an Essential Claim.

Potential Claim is defined in Section 5.9(e).