How is Claim Value defined in a legal contract?
- Claim Value means the outstanding principal sum of a note along with any unpaid interest until the date set for redemption as per a [condition]. Seen in 11 SEC filings.
- Claim Value means the nominal amount attributed to something (not specified here). Seen in 7 SEC filings.
- Claim Value means the worth of any existing notes, determined by the amounts presented by a [party] before a legal proceeding at a [institution]. Those amounts not specified in the default currency are converted using an exchange rate. Seen in 2 SEC filings.
- Claim Value means the most likely sum of liability anticipated by a company related to a specific matter based on available facts, conditions and evidence at the point of valuation. This includes all reasonable out-of-pocket fees and expenses estimated to be needed to reach the final determination, like legal fees, court costs and expenses. Seen in 2 SEC filings.
- Claim Value means unless otherwise indicated, it relates to each note. It includes the outstanding principal sum of such a note along with any unpaid interest until the date specified for redemption per a [condition]. Seen in 2 SEC filings.
- Claim Value means, with respect to a creditor, the value of proven claim or, in the case of a disputed claim, the value attributed to such disputed claim for voting purposes by a [party] or [institution]. Seen in 1 SEC filing.
- Claim Value means the amount of money paid out when a policy matures. In the case of a specific type of policy, it refers to the money paid out for the investment element of the policy when it matures. Seen in 1 SEC filing.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Claim Value means the principal sum of a note due, including unpaid interest until stated redemption date.
Relevant Contract Types
Relevant Circumstances
- Financing and credit arrangement
- Mortgage transactions
- Debt instrument issuance
Relevant Sectors
Genie Definition 2
Claim Value means the projected liability amount associated with a specific matter, including reasonable out-of-pocket expenses.
Relevant Contract Types
Relevant Circumstances
- Settlement of legal disputes
- Insurance claim settlements
Relevant Sectors
Genie Definition 3
Claim Value means the value of a proven or disputed claim associated with a creditor for voting purposes.
Relevant Contract Types
Relevant Circumstances
- Bankruptcy or insolvency proceedings
- Debt restructuring
Relevant Sectors
Genie Definition 4
Claim Value means the payout amount when a [policy] matures, specifically related to the investment component.
Relevant Contract Types
Relevant Circumstances
- Maturity of insurance policies
- End of investment tenure
Relevant Sectors
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Claim Value means the principal sum of a note due, including unpaid interest until stated redemption date
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