Pending Claim Amount definition

Pending Claim Amount has the meaning set forth in Section 2.5(b)(ii).

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Pending Claim Amount has the meaning set forth in Section 9.8.

Pending Claim Amount means that portion of the Cash Escrow Deposit and/or that number of the Escrow Shares equal to the disputed amount in any pending Claim Notice based on the Share Value.

Examples of Pending Claim Amount in a sentence

For purposes of this Section 6.4, the “Aggregate Distribution Amount” shall be the Aggregate Escrow Balance as of the Escrow Termination Date minus the Aggregate Pending Claim Amount.
In the event there are any pending Claim Notices on the Release Date, the Buyer and the Stockholders’ Representative shall jointly instruct the Escrow Agent, and the Escrow Agent shall follow such joint instructions, to retain only the Pending Claim Amount (as defined below) and release to the Stockholders all of the Escrow Amount in excess of the Pending Claim Amount as set forth in the joint instructions.
If Regency and Member fail to resolve any objections contained in the Objection Notice within 30 days after the date Member gives Regency an Objection Notice, either Regency or Member may initiate litigation in accordance with Section 12.6 to finally resolve Member’s objections to the Pending Claim Amount.
Within two (2) Business Days after final resolution of any claim giving rise to any portion of any Pending Claim Amount, the Buyer and the Equityholder Representative shall deliver a joint instruction letter to the Escrow Agent under the Escrow Agreement instructing the Escrow Agent to disburse such portion of the Pending Claim Amount in accordance with such final resolution.
Parent shall retain any Pending Claim Amount until a determination can be made with respect to claims under the applicable Officer’s Certificate in accordance with Sections 9.06(a), 9.06(b) and 9.07, after which time, Parent shall, within 5 days from the date thereof, pay, or cause to be paid, to the Shareholders, subject to Section 2.08, their respective Pro Rata Portion of any remaining portion of the Pending Claim Amount, if any.

More Definitions of Pending Claim Amount

Pending Claim Amount shall have the meaning as set forth in Section 7.7(a).

Pending Claim Amount means any Indemnification Claim and the amount thereof asserted by a H&E Indemnified Party, in good faith, against Burress Shareholders pursuant to the provisions of Article X of the Agreement and Plan of Merger or under the Transaction Documents, even though such Indemnification Claim, or any third-party claim which serves as the basis for any Indemnification Claim, has not yet been finally determined, unless and until such Pending Claim Amount is paid to H&E Indemnified Parties or such Pending Claim or Pending Claim Amount is the subject of a Determination in Favor of Burress Shareholders.

Pending Claim Amount means each amount in respect of an Unresolved Claim.

Pending Claim Amount has the meaning specified in Section 6.9.

Pending Claim Amount is defined in Section 9.6(a).

Pending Claim Amount has the meaning set forth in Section 1.6(g)(ii).

Pending Claim Amount has the meaning set forth in Section 2.4(f).

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