Outstanding Claim definition

Outstanding Claim means the amount in dollars of any Indemnification Claim made by any Parent Indemnified Party pursuant to ARTICLE 9 that shall be outstanding and unresolved, or resolved in whole or in part in favor of the Parent Indemnified Party but not yet paid.

Outstanding Claim shall have the meaning set forth in Section 7.08.

Outstanding Claim means a Notified Claim that has not been Resolved on or before the Release Date;

Examples of Outstanding Claim in a sentence

• Submitting a Proof of Claim Form does not guarantee that the Outstanding Claim will be allowed or that a Stanford Investor will receive any funds.

• The Receiver will review and consider all Proof of Claim Forms on Outstanding Claims submitted prior to the Outstanding Claim Deadline and will determine each such Outstanding Claim, including whether to allow the Outstanding Claim.

• Any Stanford Investor who has not yet submitted a Claim to the Receiver or to the Joint Liquidators and who fails to submit a Proof of Claim Form for an Outstanding Claim before the Outstanding Claim Deadline will, if the BDO Settlement is approved, be forever barred, estopped, and enjoined from asserting any claim, in any manner, against the BDO Released Parties arising from or relating to the Stanford Entities or the Stanford Receivership.

• Estimated Liability: in relation to an Outstanding Claim, a bona fide estimate of the amount of the Sellers’ liability to the Buyer if the Outstanding Claim were to be resolved in the Buyer's favour.

More Definitions of Outstanding Claim

Outstanding Claim has the meaning given in Clause 9.4;

Outstanding Claim has the meaning provided in Section 17.1.1(e).

Outstanding Claim means a claim by a Buyer under this Agreement or by a member of the Buyer’s Group under the InfraCo MSA for which, once determined, a Seller may be liable under this Agreement or the InfraCo MSA and which is outstanding. Amounts due out of the Escrow Amount in connection with the InfraCo MSA

Outstanding Claim means a Relevant Claim that has been notified by the Buyer to any of the Sellers or the Sellers’ Representative, but which is not yet a Qualifying Claim or a Seller Determined Claim at the time that the relevant Buyer Payment is due and payable;

Outstanding Claim means a Notified Claim that, as at the due date for payment of any of the Deferred Consideration, is not a Resolved Claim;

Outstanding Claim means an indemnification claim timely submitted by the Indemnified Persons pursuant to the Indemnification Provisions and which indemnification claim remains outstanding as of the Maturity Date.

Outstanding Claim means either a Valid Claim or a Pending Claim.