Qualifying Claims definition
Examples of Qualifying Claims in a sentence
If the total amount of all of the Damages that arise from Qualifying Claims exceeds the Deductible, then Purchaser shall be entitled to be indemnified against only the amount of such Damages arising from Qualifying Claims that are in excess of the Deductible.
If the total amount of all of the Damages that arise from Qualifying Claims exceeds the Deductible, then the Purchaser shall be entitled to be indemnified against only the amount of such Damages arising from Qualifying Claims that are in excess of the Deductible.
In the first Annual Period, and once every two years thereafter for the duration of the Qualifying Claims Period, the Trustees will meet with the Agent and the Claimants Agent to consult regarding, and determine, whether or not efficiencies can be effected to the claims process and whether or not timelines stipulated in Part B and/or Part D of this Trust Deed can be streamlined, including the time periods in 5.6.3 and 5.6.8.
If the total amount of such Damages from all Qualifying Claims exceeds $200,000 in the aggregate, then Purchaser shall be entitled to be indemnified against and compensated and reimbursed for the entire amount of such Damages, and not merely the portion of such Damages exceeding $200,000.
Otherwise, NEIC shall pay Vendor the amount due Vendor pursuant to Section B.5.1 with respect to Qualifying Claims of such month at the later of the date Vendor is to receive a payment from NEIC pursuant to the prior sentence of this Section B.5.2 or within 35 days following the end of that calendar quarter.
The Trustees shall, without delay after receiving written notice to do so from the Agent, transfer to the appropriate person contemplated in clause 21.2.2, all and any legitimate outstanding Benefits that will have been claimed by Eligible Claimants during the Qualifying Claims Period, but remain unpaid because the Payment Administrator has not, for any reason, been able to pay such Benefits to such Eligible Claimants.
Each payment made pursuant to this Section B.5.2 shall be accompanied by a report identifying the Qualifying Claims on which such payment is based.
Subject to clause 21.3, the Agent may not deliver the Termination Notice to the Trustees before: the 1st (first) anniversary of the date on which the Qualifying Claims Period will have expired; or have been paid or have been transferred by the Trustees to an appropriate person who will administer such payment after termination of the Trust, whichever is the later; and any Termination Notice delivered in breach of the foregoing provisions of this clause 21.2 shall be of no force or effect.
The maximum liability of the Warrantors in respect of all Qualifying Claims shall not exceed US$6,350,000.
In case the Threshold is achieved, the relevant Purchaser Indemnified Party shall be entitled to recover an amount equal to the entire amount of all Qualifying Claims, and not merely the portion of such claims exceeding HK$10,000,000.