Specific Matter definition
Examples of Specific Matter in a sentence
The Parties further agree, with respect to any shareholders’ meeting of the Combined Company that has in its agenda any of the Super Majority Matters (and that is not a Specific Matter): a.
Notwithstanding anything to the contrary contained in Section 10.1, no Third-Party Claim Notice shall be required to be given with respect to any Specific Matter and Navistar shall be deemed to have assumed the defense thereof from and after the Closing (at its sole cost and expense).
This Section 10.3.1 shall not apply to claims for indemnification relating to, arising out of or resulting from, a Specific Matter (which shall be governed by Section 10.3.4).
Each of the parties hereto agrees that, if it is the Indemnified Party in relation to any Specific Matter, it shall use its reasonable best efforts to collect upon those insurance policies then in effect, if any, which provide coverage in respect of such Specific Matter (provided that nothing in this Section 8.8 shall be construed as imposing any obligation to obtain or maintain any such insurance policies).
Further, the Seller shall not have the right to dispute and defend a third party claim that relates to matters involving Taxes, regulatory affairs, quality systems or the Specific Matter IV; provided, however, that the Seller shall be entitled to all material information regarding such claim and shall be entitled, at its own cost and expense, to participate in the defense of such matters and to employ separate counsel of its choice for such purpose.