Settling Claims Sample Clauses
The "Settling claims" clause defines the procedures and authority for resolving disputes or claims that arise under a contract. Typically, it outlines who has the right to negotiate, settle, or compromise claims, and may set limits on settlement amounts or require prior approval from certain parties before an agreement is finalized. This clause ensures that claims are handled efficiently and consistently, reducing the risk of prolonged disputes and providing a clear process for addressing potential liabilities.
Settling Claims. The Company and the Customer agree to settle claims in good faith through negotiation, with the decision of the Company being final. If the claim is in the Customer's favor, the Company will credit the agreed amount to the Customer's account with the Company up to a maximum of half of the full FOB value of the vehicle.
Settling Claims. Contents Section B – Buildings Excess Cover (operative only if shown as insured on the schedule) Settling Claims – Buildings Excess Cover Policy Conditions
Settling Claims. The Buyer or any Group Company may compromise, settle, discharge or otherwise deal with any Potential Liability without reference to the Sellers if the Sellers at any time notify the Buyer that they do not wish to exercise their rights under this paragraph 7 or if the Sellers do not request the Buyer in writing to take any appropriate action within [**] of notice to the Sellers given pursuant to paragraph 7.2.1or if the Sellers fail to indemnify and secure the Buyer and the relevant Company to the reasonable satisfaction of the Buyer within a period of time (commencing with the date of the notice given to the Sellers) that is reasonable having regard to the nature of the Potential Liability and the existence of any time limit in relation to avoiding, disputing, defending, resisting, appealing or compromising such Potential Liability and which period will not in any event exceed a period of [**].
Settling Claims. Neither party may settle any Third Party Claim or IP Claim on the other party’s behalf, or publicize the settlement, without the other party’s prior written permission, unless the settlement is for a monetary amount that is fully covered by that party’s indemnity and the settlement does not require an admission of fault or impose any other obligation other than the payment of money. In any event, Company shall not settle any claim that any Microsoft Intellectual Property infringes any third party’s intellectual property rights without Microsoft’s consent.
Settling Claims. The Corporation shall proceed to collect its assets, dispose of its properties, and apply them to the payment, satisfaction, and discharge of existing debts and obligations of the corporation.
Settling Claims. Except as provided in Section 13.3.2, --------------- Indemnitee may not settle a Claim without Indemnitor's prior written approval. If Indemnitor disapproves such settlement, then Indemnitor must reimburse Indemnitee for Indemnitee's reasonable expenses in connection with its control of the defense of such Claim to the date of such assumption. IFN's failure to assume such defense and to pay such reimbursement will give Indemnitee the right to settle such Claim.
Settling Claims. Contents Section B – Buildings Excess Cover (operative only if shown as insured on the schedule)
Settling Claims. 1) Where LOSS OF YIELD is between 10% and 100% of the COVERED CTE, after deduction of the first 10% LOSS OF YIELD British Sugar will pay 45% of the remaining LOSS OF YIELD at the GROWER’S AGREED PRICE, up to a limit of the value paid out at a loss of 35% of COVERED CTE. Payment will be made after the end of each respective campaign when all beet payments have been finalised.
2) British Sugar will provide a fund to a value of up to £12m to cover the three year period commencing in 2021. The most that will be paid in total compensation in either year 1 or year 2 is 75% of the remaining fund balance. If the total value of valid claims from all GROWERS exceeds these limits then the compensation to each GROWER will be proportionately reduced.
3) A GROWER’s payment under the VIRUS YELLOW compensation scheme will be reduced by the sum of any compensation or payment received by the GROWER in respect of the loss they have suffered as a result of the VIRUS YELLOW disease from any other source (including, without limitation, under the frost insurance policy).
4) British Sugar agree to set up a joint appeal process with NFU Sugar, which will consider, without limitation, any appeal from a GROWER who believes they have received an incorrect sum, been covered for an incorrect tonnage or been deemed ineligible. This claim will be considered by a panel made up of an equal number of representatives from NFU Sugar and British Sugar, which may decide to alter the original settlement paid or due to be paid to that GROWER.
Settling Claims. If the loss or damage occurs in the first trading year, the payment shall be based on the trading figures immediately prior to the loss. The Indemnity Period will commence at the time the loss or damage occurred or in respect of event 6 when the restrictions are applied and end when the restrictions are removed.