Third Party Demand definition

Third Party Demand means any Claim, complaint, demand or legal action brought, threatened or commenced against an Insured after the Commencement Date, by any Person other than:

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Third Party Demand means any demand made or legal action brought against any Insured by any person or entity (other than (i) an Affiliate of any of the Insureds, (ii) any other Insured or (iii) the Insurer) which, if successful, would result in Loss.

Third Party Demand has the meaning set forth in Section 6.1(c)(ii)(C).

Examples of Third Party Demand in a sentence

• At the written request of the Named Insured, the Insurer shall reimburse Defence Costs in excess of the Retention, subject to the terms and conditions of this Policy (including the Limit of Liability), on a monthly basis prior to the final disposition of a Third Party Demand, notwithstanding that the Breach or Third Party Demand may not have been settled or finally determined.

• The Insurer does not assume any duty to defend the Insureds with respect to any Third Party Demand or otherwise.

• If the Insurer's written consent cannot reasonably be obtained before Defence Costs are incurred with respect to any Breach or Third Party Demand, the Insurer will give retrospective approval for such Defence Costs of up to, in the aggregate, $150,000.

• Once received by the Sellers the notice from the Purchaser in respect to the Third Party Demand, the Sellers shall have a term of ten (10) Business Days as of the receipt of the notice sent by the Indemnifiable Party questioning such act, generating factor or request giving rise to the respective Third Party Demand.

• With the exception of Trial Staff, the Settling Parties agree that the Company shall be permitted to recover its 2012 forecasted expenditures for the ISOC program of $26,390,287, including both the credits paid to customers and the Company’s forecast of its administration and marketing costs for 2012, and for the Third Party Demand Response program of $3,008,400 through the combination of base rates and the electric DSMCA rider that shall become effective on January 1, 2012.

• This Stipulation is a negotiated compromise of issues raised in this proceeding relating to the Company's proposed gas and electric DSM plan for calendar year 2011, its 2011 forecasted expenditures for ISOC and the Third Party Demand Response programs and the continuation of waivers of the Commission's Gas DSM Rules.

• In the event the Parties do not reach an agreement with respect to the consideration of the Third Party Demand for the purposes of indemnity by Sellers set forth in this Clause VII, or if the Sellers do not manifest regarding the Third Party Demand notified by the Indemnifiable Party, the dispute between the Parties shall be settlement under the terms of Clause 9.9.1 below.

• Attached hereto is a full description, after reasonable inquiry, of all material facts, circumstances and issues relating to such Third Party Demand, including without limitation the representations and/or warranties which allegedly contain a Breach, the facts alleged in the Third Party Demand, the date any Insured first learned of such Third Party Demand, and the amount of Loss which could reasonably be expected to result.

• The Insurer does not assume any duty to defend the Insured with respect to any Third Party Demand or otherwise.

• Any Loss payable by the Insurer shall only be in the form of a monetary payment and the Insurer shall not be obliged to seek, pursue or satisfy on behalf of the Insureds any non-monetary remedies or any injunctive or equitable or other non-monetary relief, other than any Defense Costs incurred in connection with a Breach or Third Party Demand related thereto.

More Definitions of Third Party Demand

Third Party Demand has the meaning attributed to it in Clause 7.7.

Third Party Demand means a written claim or demand for a Loss in relation to which the Indemnifying Party may be liable to any Indemnified Party hereunder that is asserted against or sought to be collected from any Indemnified Party by a Person who is (i) not an Indemnified Party and (ii) not a representative or agent of an Indemnified Party (other than a trustee, collateral agent or other administrator under, or other Person delivering notice pursuant to, the GIC Business Transaction Agreements).

Third Party Demand means a written legal demand by a statutory authority, e.g., a court garnishment order, requiring the government to pay a third party whom the government owes a debt.

Third Party Demand means any demand, notice, subpoena, arbitration, claim, complaint, investigation, proceeding, legal action, examination or audit made against the Insured or the Target Group by any person (other than a Group Company of (a) the Insured, (b) the Target Group or (c) the Insurer in its capacity as such under this Policy) that, if the allegations were true, would constitute a Breach.