Resolved Claim definition

Resolved Claim a Relevant Claim that has been:

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Resolved Claim means a claim of the Purchaser against a Seller, which has been (i) agreed in writing between the Purchaser and the Seller as to both liability and quantum or (ii) finally determined by a court of competent jurisdiction or a competent arbitral tribunal from which there is no right of appeal, or from whose judgment or arbitral reward the relevant Party is debarred (by passage of time or otherwise) from making an appeal or (iii) unconditionally withdrawn by the Purchaser in writing.

Resolved Claim means an Indemnification Claim as to which either (a) an arbitrator or court having jurisdiction has entered a final judgment, decision, order or decree that either is not subject to appeal or as to which notice of appeal has not been timely filed or served, or (b) the Indemnifying Party has acknowledged and agreed in writing.

Examples of Resolved Claim in a sentence

• A “Payable Claim” means a claim for indemnification of Losses under this Article VIII, to the extent that such claim has not yet been satisfied, that is (i) a Resolved Claim, (ii) a Settled Claim, or (iii) an Unobjected Claim.

• Upon such written agreement or final order (a “Resolved Claim”), as the case may be, Parent shall be entitled to permanently reduce the Escrow Amount by, and receive from escrow, the amount of the Resolved Claim if and to the extent that matters covered thereby have been resolved in favor of Parent.

• Such payment shall be made by the Buyer within 5 Business Days of the Outstanding Claim becoming a Resolved Claim.

• If before the Escrow Termination Date a payment becomes due to the Buyer in respect of any Resolved Claim then within 5 Business Days after such payment becomes due an amount equal to the lower of that amount and the Escrow Amount must be paid out of the Escrow Account to the Buyer.

• Any decision regarding a Resolved Claim shall be written and shall be supported by written findings of fact and conclusions which shall set forth the award, judgment, decree or order awarded by the arbitrators.

More Definitions of Resolved Claim

Resolved Claim means a Relevant Claim that has been:

Resolved Claim means a Notified Claim that is:

Resolved Claim means an Indemnification Claim as to which either (a) an arbitrator or court having jurisdiction has entered a final judgment, decision, order or decree that either is not subject to appeal or as to which notice of appeal has not been timely, filed or served or (b) the Indemnifying Party has acknowledged and agreed to in writing.

Resolved Claim has the meaning set forth in Section 4.4(f).

Resolved Claim has the meaning set forth in Section 9.10(a).

Resolved Claim has the meaning given to such term in Section 6.6.

Resolved Claim means a final non-appealable order, decree or judgment issued or rendered by a court of competent jurisdiction presented by the Purchaser or the Representative and directing the Escrow Agent to disburse all or a portion of the Escrow Funds or to take or refrain from taking an action pursuant to this Escrow Agreement.