Proof of Claims Clause Samples
The "Proof of Claims" clause establishes the requirement for a party to provide sufficient evidence or documentation to support any claims made under the contract. In practice, this means that if a party asserts a right to payment, damages, or another remedy, they must submit relevant records, receipts, or other forms of proof to substantiate their claim. This clause ensures that only valid and verifiable claims are honored, thereby reducing the risk of fraudulent or unsupported demands and promoting transparency between the parties.
Proof of Claims. The Lenders hereby agree that after the occurrence of an Event of Default pursuant to Section 7.1(f), in case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition, or other judicial proceeding relative to the Lenders, the Administrative Agent (irrespective of whether the principal of the Loans or any other Obligation shall be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent, shall have made any demand on the Lenders) shall be entitled and empowered, by intervention in such proceeding or otherwise:
(a) to file and prove a claim for the whole amount of principal and interest owing and unpaid in respect of the Loans and any other Obligations that are owing and unpaid and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the Administrative Agent, and their agents and counsel and all other amounts due the Lenders and the Administrative Agent) allowed in such judicial proceeding;
(b) to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to Administrative Agent and, in the event that Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to Administrative Agent any amount due for the compensation, expenses, disbursements and advances of the Administrative Agent and their agents and counsel, and any other amounts due the Administrative Agent. Nothing herein contained shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize Administrative Agent to vote in respect of the claim of any Lender in any such proceeding. Further, nothing contained in this Section 10.8 shall affect or preclude the ability of any Lender to (i) file and prove such a claim in the event that the Administrative Agent has not acted within ten (10) days prior to a...
Proof of Claims. The Lender, in accordance with its usual business practice, maintains accounting ledgers for all the business activities related to this Contract on its accounting records for proof of the loan amount due to the Lender. The Borrower confirms that the accounting documents compiled and recorded by the Lender according to its business practices constitute valid proof of its loan obligations under this Contract.
Proof of Claims. In case of the pendency of any proceeding under the any Bankruptcy Code or other laws governing an Insolvency Proceeding, Agent shall be entitled and empowered (but not obligated) to file and prove a claim for the whole amount of the Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Purchasers allowed in such judicial proceeding; and to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same. Any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Purchaser Party to make such payments to Agent and, in the event that Agent shall consent to the making of such payments directly to the Purchasers, to pay to Agent any amount due for the compensation, expenses, disbursements and advances of Agent and its agents and counsel, and any other amounts due Agent under this Agreement and the other Note Documents.
Proof of Claims. The claim shall be submitted within period of 30 days from the date of completion of treatment along with all supporting documents to the Indian Cancer Society and same shall be required to be certified by the Indian Cancer Society as a condition precedent to acceptance of liability of the claim by the Company.
Proof of Claims. If the Company is subject to any proceeding under any Bankruptcy Law and the holder of this Note has not filed any proof of claim permitted to be filed in such proceeding with respect to this Note, then any representative of any Senior Debt may file such proof of claim no earlier than 30 days preceding the last day permitted to file such claim.
Proof of Claims. Notwithstanding the provisions of clause ( ) , a Subordinated Party shall be entitled to prove or seek to prove claims in respect of any Subordinated
Proof of Claims. To be eligible for the above-referenced relief, each Settlement Class Member that seeks compensation must provide reasonable proof of a CHX Failure by August 1, 2008 to support the claim. In order to be deemed a CHX Failure eligible for compensation pursuant to this section, the replacement of the Secondary Heat Exchanger or purchase of a new furnace due to the CHX Failure must have occurred prior to the date of Final Approval by the Court having jurisdiction over the Settlement Class Member seeking compensation. Settlement Class Members are limited to one claim for each CHX that suffered a CHX Failure. Settlement Class Members who seek relief must submit a claim form, along with a declaration under penalty of perjury (“Claim Form”). For Settlement Class Members who suffered a CHX Failure and replaced the Failed CHX with a new CHX, the Claim Form must include (1) the serial number of the Carrier CHEF that suffered the CHX Failure; (2) an invoice, cash register receipt, cancelled check, credit card receipt, or other documentation showing that the Settlement Class Member paid money for the labor cost of replacing the Failed CHX with a new CHX; (3) the name and address of the company that replaced the Failed CHX. In the declaration under penalty of perjury, Settlement Class Members who suffered a CHX Failure and replaced the Failed CHX with a new CHX must state that they have not received reimbursement or payment from Carrier, one of its dealers or distributors for all of the labor incurred in replacing the Failed CHX. Settlement Class Members must state in the declaration whether they have received any reimbursement or payment from Carrier, one of its dealers or distributors for any of the labor incurred in replacing the Failed CHX, and if so, the amount of such reimbursement or payment. Carrier will cooperate in making proof of a CHX Failure available to the extent it is in Carrier’s possession or control upon request from Settlement Class Members, and will request that distributors and dealers of Carrier products cooperate in making such proof available to Settlement Class Members upon request. Proof contained within Carrier’s warranty database of CHX replacement will suffice to establish a CHX Failure. Carrier will provide an electronic spreadsheet from its warranty database related to CHX replacements in CHEFs to the Independent Claims Administrator. Individual Settlement Class Members may obtain this information for claims on their own CHEF from the Ind...
Proof of Claims. The Trustee (or the Servicer, if applicable) may file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims allowed in any judicial proceeding relative to the Trust Estate, the Issuer, the Servicer, or any other person, its and/or their creditors or its and/or their property. The fees, costs, expenses (including attorneys’ fees and expenses), liabilities and damages incurred by the Trustee (or the Servicer, if applicable, or both) relating to any insolvency proceeding shall be an administrative expense under any applicable bankruptcy law.
Proof of Claims. The accounting documents compiled and recorded by the Pledgee according to its business practices constitute valid proof of the secured principal claims of the Pledgor.
Proof of Claims. 6.17.1 Upon Our receipt of the claim notification as provided under Clause 6.7, We will furnish to You or Your claimant the appropriate forms for filing proof of claim for the benefits covered under this Policy.
6.17.2 Claims shall be made on forms provided by Us together with written proof covering the occurrence and circumstances the diagnosis of Early Stage Cancer or Advanced Stage Cancer, including details on occurrence, character and the extent of such Early Stage Cancer or Advanced Stage Cancer, for which such claims are made.
6.17.3 If such forms are not so furnished to You within fifteen (15) days after such notice, You or Your claimant shall be deemed to have complied with the requirements of proof of loss by submitting, within the time fixed in this Policy, written proof covering the details mentioned above for filing proof of claim.
6.17.4 Such proof and other documents must be given to Our satisfaction and at Your or Your claimant's expense.