Protective Claim definition

Protective Claim means a written demand by the Named Insured first made against any Subcontractor during the Policy Period or Optional Extension Period (if applicable) who are under contract with the Named Insured seeking a remedy from or alleging liability or responsibility on the part of such Subcontractor.

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Protective Claim means a Form 1120X (Amended U.S. Corporation Income Tax Return) or similar state or local tax form, which is prominently and clearly labeled on every page thereof with the words "Protective Claim Only" and which clearly and prominently states that the Person filing such form asserts its right to the claimed Tax benefits conditionally or contingently, and only in the event that such Tax benefits are denied in full to Cryovac, Inc. (or the consolidated, combined, unitary or similar group of which Sealed Air Corporation is the common parent) by a decision, decree or other order by a court of competent jurisdiction, which has become final and unappealable, or by a closing agreement or accepted offer in compromise under section 7121 or 7122 of the Internal Revenue Code entered into by Sealed Air Corporation and the Internal Revenue Service.

Protective Claim means a written demand by the Named Insured first made against either a Design Professional or a Contractor during the Policy Period or Extended Reporting Period who are under contract with the Named Insured in connection with the Covered Project seeking a remedy from or alleging liability or responsibility on the part of such Design Professional or Contractor.

Examples of Protective Claim in a sentence

The Company acknowledges, and the parties hereto agree, that (i) the Make-Whole Amount shall be payable if the Notes are payable pursuant to this Section 12.1 in any circumstance where a Consensual Transaction has occurred and (ii) the Protective Claim Amount shall be payable if the Notes are payable pursuant to this Section 12.1 prior to the occurrence of a Consensual Transaction.
The Company acknowledges, and the parties hereto agree, that each holder of a Note has the right to maintain its investment in the Notes free from repayment by the Company (except as herein specifically provided for) and that the provision for payment of a Make-Whole Amount or Protective Claim Amount, as the case may be, by the Company in the event that the Notes are repaid as provided in the preceding sentence is intended to provide compensation for the deprivation of such right under such circumstances.
Subject to Section 15.2, payments of principal, Make-Whole Amount, if any, Protective Claim Amount, and interest becoming due and payable on the Notes shall be made in Calgary, Alberta at the principal office of the Company.
Subject to Section 15.2, payments of principal, Make-Whole Amount, if any, Protective Claim Amount and interest becoming due and payable on the Notes shall be made in Calgary, Alberta at the principal office of the Company.
Principal, interest, Make-Whole Amount and Protective Claim Amount on the Series S Notes shall be payable in U.S. dollars.
Principal, interest, Make-Whole Amount and Protective Claim Amount on the Series EE Notes shall be payable in U.S. dollars.
Principal, interest, Make-Whole Amounts and Protective Claim Amounts on the Notes shall be payable in U.S. dollars.

More Definitions of Protective Claim

Protective Claim has the meaning set forth in Section 6.7.3.

Protective Claim means a claim for a

Protective Claim means the claims filed by MPC and PHI on June 3, 2015, under and in accordance with the Economic and Property Damages Settlement Agreement, dated as of April 18, 2012, among BP Exploration and Production Inc., BP America Production Company and other parties thereto (the “BP Settlement Agreement”) in connection with litigation relating to the “Deepwater Horizon Incident” (as defined in the BP Settlement Agreement), and any amendment, supplement, restatement or modification thereto.