Direct Claim definition

Direct Claim has the meaning set forth in Section 8.05(c).

Direct Claim means any claim by an Indemnitee on account of an Indemnifiable Loss which does not result from a Third Party Claim.

Direct Claim has the meaning set forth in Section 9.05(b).

Examples of Direct Claim in a sentence

• Such notice by the Indemnified Party shall describe the Direct Claim in reasonable detail, shall include copies of all material written evidence thereof and shall indicate the estimated amount, if reasonably practicable, of the Loss that has been or may be sustained by the Indemnified Party.

• The Indemnifying Party shall have thirty (30) days after its receipt of such notice to respond in writing to such Direct Claim.

• If the Indemnitor rejects such Direct Claim, the Indemnitee will be free to seek enforcement of its rights to indemnification under this Agreement.

• Any Direct Claim must be asserted by giving the Indemnitor Notice thereof, stating the nature of such claim in reasonable detail and indicating the estimated amount, if practicable.

• If the Indemnitor does not respond within such sixty (60) day period, the Indemnitor will be deemed to have accepted such Direct Claim.

More Definitions of Direct Claim

Direct Claim has the meaning set forth in Section 5.5.

Direct Claim shall have the meaning set forth in Section 10.3(d).

Direct Claim means any cause, matter, thing, act, omission or state of facts not involving a Third Party Claim which entitles an Indemnified Person to make a claim for indemnification under this Agreement.

Direct Claim has the meaning set forth in Section 4.06(b).

Direct Claim has the meaning ascribed in Section 7.3;

Direct Claim and “Direct Claims” mean any claim or claims (other than Third Party Claims) by an Indemnified Party against an Indemnifying Party for which the Indemnified Party may seek indemnification under this Agreement.

Direct Claim is defined in Section 9.4.