Unsettled Claims Value definition
Unsettled Claims Value means the amount notified by the Buyer to the Sellers as its good faith estimate of the amount recoverable from the Sellers in respect of all claims then already made by the Buyer for breach of any of the Warranties and/or under the Indemnities and/or the Tax Covenant and/or any other provisions of this agreement, which claims are not Settled Claims which have been paid to the Buyer. To: Blacks Solicitors LLP To: Brabners Chaffe Street LLP [Completion Date] Dear Sirs Retention Account Instruction Letter We refer to the agreement for the sale and purchase of BAF Printers Limited between ▇▇▇▇▇▇ ▇▇▇▇-▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇ (the “Sellers”) and MTS Medication Technologies Limited (the “Buyer”) of today’s date (the “Agreement”). This is the Retention Account Instruction Letter as defined in the Agreement. Terms defined in the Agreement shall have the same meaning when used in this letter.