Contingent Claims Clause Samples

Contingent Claims. Nothing herein shall be deemed to prevent an Indemnified Party from making a claim hereunder for potential or contingent claims or demands (a “Contingent Claim”); provided that the Claim Notice sets forth the specific basis for any such Contingent Claim to the extent then feasible and the Indemnified Party has reasonable grounds to believe that such a claim may be made; and provided, further, that in no event shall an Indemnified Party be entitled to receive any amount under Section 10.1(a) or 10.2 with respect to a Contingent Claim until such claim or demand no longer is potential or contingent and the amount of such claim or demand is determinable.

Contingent Claims. If any claim relates to a liability which, at the time that such Claim is notified to the Vendors’ Representative is contingent only, the Vendors shall not be under any obligation to make any payment to the Purchaser in respect thereof unless and until such time as the contingent liability ceases to be contingent and becomes actual.

Contingent Claims. Nothing herein shall be deemed to prevent an Indemnified Person from making a claim hereunder for potential or contingent claims or demands (a "Contingent Claim") provided the Claim Notice sets forth the specific basis for any such Contingent Claim to the extent then feasible and the Indemnified Person has reasonable grounds to believe that such a claim may be made.

Contingent Claims. Nothing herein shall be deemed to prevent an Indemnitee from making a claim hereunder for potential or contingent claims or demands; provided that the Notice of Claim sets forth the specific basis for any such contingent claim to the extent then feasible and the Indemnitee has reasonable grounds to believe that such a claim may be made.

Contingent Claims. 35 7.10 Exclusive Remedy.........................................36 7.11 Characterization of Payments.............................36

Contingent Claims. No Party shall have liability in respect of any Claim which is based upon a liability which is contingent only unless and until such contingent liability becomes an actual liability and is due and payable.

Contingent Claims. No Seller shall not be liable for any claim under the Seller Warranties or otherwise under any Transaction Document which arises by reason of a liability which, at the time when written notice of the claim is given to the Seller, is contingent only or is otherwise not capable of being quantified and no Seller shall not be liable to make any payment in respect of such claim unless and until the liability becomes an actual liability or (as the case may be) becomes capable of being quantified.

Contingent Claims. If the Buyer gives notice of a third party claim pursuant to paragraph 3.1.2 during the period of 18 months starting on the Completion Date, the Buyer shall send to the Seller's Representatives, with the notice or as soon as is reasonably practicable thereafter, an opinion from counsel to the effect that there is likely that such third party claim will become a Warranty Claim and as to the likely quantum of such claim.

Contingent Claims. The Seller shall not be liable in respect of any Claim (other than a claim by the Buyer under the Tax Deed) based upon a liability which is contingent only unless and until such contingent liability becomes an actual liability, provided that this Schedule shall not operate to avoid a Claim made in respect of a contingent liability within the applicable time limit specified in paragraph 6 if it becomes an actual liability on or before the date falling six (6) months after the expiry of the applicable time limit specified in paragraph 6.