Common use of Assertion of Claims Clause in Contracts

Assertion of Claims. No claim shall be brought under Section 10.2 unless the Article X Indemnified Persons, or any of them, at any time prior to the Survival Date, give Issuer (a) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known or (b) written notice pursuant to Section 10.4 of any Article X Third Party Claim, the existence of which might give rise to such a claim but the failure so to provide such notice to Issuer will not relieve the Article X Indemnifying Persons from any liability which they may have to the Article X Indemnified Persons under this Agreement or otherwise (unless and only to the extent that such failure results in the loss or compromise of any material rights or defenses of the Article X Indemnifying Persons). Upon the giving of such written notice as aforesaid, the Article X Indemnified Persons, or any of them, shall have the right to commence legal proceedings prior or subsequent to the Survival Date for the enforcement of their rights under Section 10.2 hereof. Any claim for indemnification not made by the Article X Indemnified Persons, or any of them, on or prior to the Survival Date will be irrevocably and unconditionally released and waived and the Article X Indemnifying Persons shall cease to be under any liability to the Article X Indemnified Persons or otherwise in respect to all and any claim not so notified prior to the Survival Date.

Appears in 2 contracts

Samples: Acquisition Agreement (Alphatec Holdings, Inc.), Acquisition Agreement (Alphatec Holdings, Inc.)

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Assertion of Claims. No claim shall be brought under Section 10.2 Sections 9.2 or 9.3 hereof unless the Article X Indemnified Persons, or any of them, at any time them provide to Indemnifying Persons (a) prompt and timely written notice prior to the Survival Date, give Issuer (aend of the applicable date as set forth in Section 9.1(a) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known known, or (b) prompt and timely written notice prior to the end of the applicable date as set forth in Section 9.1(a) pursuant to this Section 10.4 9.5 of any Article X Third Party ClaimClaim (as defined below), the existence of which might give rise to such a claim but claim; provided, however, that the failure so to provide such notice to Issuer the Indemnifying Persons will not relieve the Article X Indemnifying Persons from any liability which they may have to the Article X Indemnified Persons under this Agreement or otherwise (unless and only otherwise, except to the extent that the Indemnifying Person reasonably demonstrates that such failure results in the loss or compromise of any material rights or defenses of the Article X Indemnifying Persons)Persons and that the Indemnifying Persons were not otherwise aware of such action or claim. Upon the giving of such written notice as aforesaid, the Article X Indemnified Persons, or any of them, shall have the right to commence legal proceedings prior or subsequent to the applicable Survival Date for the enforcement of their rights under Section 10.2 Sections 9.2 or 9.3 hereof. Any claim for indemnification not made , as the case may be, resulting from the assertion of liability by the Article X Indemnified Personsthird parties (each, or any of thema “Third Party Claim”), on or prior which shall be subject to the Survival Date will be irrevocably following terms and unconditionally released and waived and the Article X Indemnifying Persons shall cease to be under any liability to the Article X Indemnified Persons or otherwise in respect to all and any claim not so notified prior to the Survival Date.conditions:

Appears in 1 contract

Samples: Stock Purchase and Sale Agreement (NewStar Financial, Inc.)

Assertion of Claims. No claim shall be brought under Section 10.2 unless the Article X Indemnified Persons, or any of them, at any time prior to the Survival Date, give Issuer (a) To bring a claim for indemnification under this Article IX, the Indemnified Person shall give the appropriate Indemnifying Person(s) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known or (b) written notice pursuant known, and, if such claim arises from a Third Party Claim as defined in Section 9.5, accompanied by copies of all relevant documentation with respect to Section 10.4 of any Article X such Third Party Claim, including, without limitation, any summons, complaint or other pleading that may have been served, any written demand or any other document or instrument (each, a “Notice of Claim”) in each case, as promptly as practicable after becoming aware of such claim. Notwithstanding the existence of which might give rise to such a claim but foregoing, the failure so to provide such notice to Issuer Notice of Claim will not relieve the Article X Indemnifying Persons Person(s) from any liability Liability which they may have to the Article X Indemnified Persons under this Agreement or otherwise (unless and only to the extent that such failure results in the loss or compromise in any material respect of any material rights or defenses of the Article X Indemnifying PersonsPersons and the Indemnifying Persons were not otherwise aware of such action or claim). Upon Notwithstanding the giving foregoing, no claim shall be brought under this Article IX with respect to an Event of such written notice as aforesaidIndemnification described in Section 9.2(a)(i), the Article X 9.2(b)(i) or 9.2(c)(i) unless an applicable Indemnified PersonsPerson, or at any of them, shall have the right to commence legal proceedings time prior or subsequent to the applicable Survival Date for the enforcement Date, gives an applicable Indemnifying Person a Notice of their rights under Section 10.2 hereofClaim with respect to such claim. Any claim for indemnification not made by the Article X Indemnified Persons, or any If a Notice of them, Claim has been given on or prior to the Survival Date will be irrevocably and unconditionally released and waived and the Article X Indemnifying Persons shall cease to be under any liability to the Article X Indemnified Persons or otherwise in respect to all and any claim not so notified prior to the applicable Survival Date, the relevant representations and warranties shall survive as to such claim until the claim has been finally resolved.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Alloy Inc)

Assertion of Claims. No To bring a claim for indemnification under this Article VIII, the Indemnified Person shall be brought under Section 10.2 unless give the Article X Indemnified Persons, or any of them, at any time prior to the Survival Date, give Issuer appropriate Indemnifying Person(s) (a) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known or (b) written notice pursuant to Section 10.4 8.4 of any Article X Third Party Claim, the existence of which might give rise to such a claim (each, a "Notice of Claim") as promptly as practicable after becoming aware of such claim, but the failure so to provide such notice to Issuer Notice of Claim will not relieve the Article X Indemnifying Persons Person(s) from any liability which they may have to the Article X Indemnified Persons under this Agreement or otherwise (unless and only to the extent that such failure results in the loss or compromise in any material respect of any material rights or defenses of the Article X Indemnifying Persons and the Indemnifying Persons were not otherwise aware of such action or claim). Notwithstanding the foregoing, no claim shall be brought under Section 8.2 hereof with respect to a breach of a representation or warranty unless the Indemnified Persons), or any of them, at any time prior to the applicable Survival Date, give the Indemnifying Persons a Notice of Claim. Upon the giving of such written notice as aforesaid, the Article X Indemnified Persons, or any of them, shall have the right to commence legal proceedings prior or subsequent to the Survival Date for the enforcement of their rights under Section 10.2 8.2 hereof. Any claim for indemnification not made by the Article X Indemnified Persons, or any of them, on or prior to the Survival Date will be irrevocably and unconditionally released and waived and the Article X Indemnifying Persons shall cease to be under any liability to the Article X Indemnified Persons or otherwise in respect to all and any claim not so notified prior to the Survival Date.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Alloy Online Inc)

Assertion of Claims. No claim shall be brought under Section 10.2 11.1 hereof unless the Article X Indemnified Persons, or any of them, at any time prior to the applicable Survival Date, give Issuer the Indemnifying Persons (a) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known or ascertainable, or (b) written notice pursuant to Section 10.4 11.3 of any Article X Third Party Claim, the existence of which might reasonably be expected to give rise to such a claim but claim; provided, however, that no delay on the failure so to provide such notice to Issuer will not part of the Indemnified Persons in notifying any Indemnifying Persons shall relieve the Article X Indemnifying Persons from any liability which they may have Liability hereunder unless (and then solely to the Article X Indemnified Persons under this Agreement or otherwise (unless and only to extent) the extent that such failure results in Indemnifying Person thereby is materially prejudiced by the loss or compromise of any material rights or defenses of the Article X Indemnifying Persons)delay. Upon the giving of such written notice as aforesaid, the Article X Indemnified Persons, or any of them, shall have the right to commence legal proceedings prior or subsequent to the Survival Date (for a period up to ninety (90) days after the Survival Date) for the enforcement of their rights under Section 10.2 hereof. Any claim for indemnification not made by the Article X Indemnified Persons, or any of them, on or prior 11.1 with respect to the Survival Date will be irrevocably and unconditionally released and waived and the Article X Indemnifying Persons shall cease to be under any liability to the Article X Indemnified Persons or otherwise matters indicated in respect to all and any claim not so notified prior to the Survival Datesuch notice.

Appears in 1 contract

Samples: Asset Purchase Agreement (Glenayre Technologies Inc)

Assertion of Claims. No claim shall be brought under Section 10.2 unless the Article X Indemnified Persons, or any of them, at any time prior to the Survival Date, give Issuer (a) To bring a claim for indemnification under this Article IX, the Indemnified Person shall give the appropriate Indemnifying Person(s) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known or (b) written notice pursuant known, and, if such claim arises from a Third Party Claim as defined in Section 9.5, accompanied by copies of all relevant documentation with respect to Section 10.4 of any Article X such Third Party Claim, including, without limitation, any summons, complaint or other pleading that may have been served, any written demand or any other document or instrument (each, a “Notice of Claim”) in each case, as promptly as practicable after becoming aware of such claim. Notwithstanding the existence of which might give rise to such a claim but foregoing, the failure so to provide such notice to Issuer Notice of Claim will not relieve the Article X Indemnifying Persons Person(s) from any liability Liability which they may have to the Article X Indemnified Persons under this Agreement or otherwise (unless and only to the extent that such failure results in the loss or compromise in any material respect of any material rights or defenses of the Article X Indemnifying PersonsPersons and the Indemnifying Persons were not otherwise aware of such action or claim). Upon Notwithstanding the giving foregoing, no claim shall be brought under this Article IX with respect to an Event of such written notice as aforesaidIndemnification described in Section 9.2(a)(i), the Article X 9.2(a)(ix) or 9.2(b)(i) unless an applicable Indemnified PersonsPerson, or at any of them, shall have the right to commence legal proceedings time prior or subsequent to the applicable Survival Date for the enforcement Date, gives an applicable Indemnifying Person a Notice of their rights under Section 10.2 hereofClaim with respect to such claim. Any claim for indemnification not made by the Article X Indemnified Persons, or any If a Notice of them, Claim has been given on or prior to the Survival Date will be irrevocably and unconditionally released and waived and the Article X Indemnifying Persons shall cease to be under any liability to the Article X Indemnified Persons or otherwise in respect to all and any claim not so notified prior to the applicable Survival Date, the relevant representations and warranties shall survive as to such claim until the claim has been finally resolved.

Appears in 1 contract

Samples: Stock Purchase Agreement (Timken Co)

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Assertion of Claims. No claim shall be brought under Section 10.2 10.1 hereof unless the Article X Indemnified Persons, or any of them, at any time prior to the applicable Survival Date, give Issuer the Indemnifying Persons (a) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known or ascertainable, or (b) written notice pursuant to Section 10.4 10.3 of any Article X Third Party Claim, the existence of which might reasonably be expected to give rise to such a claim but claim; provided, however, that no delay on the failure so to provide such notice to Issuer will not part of the Indemnified Persons in notifying any Indemnifying Persons shall relieve the Article X Indemnifying Persons from any liability which they may have Liability hereunder unless (and then solely to the Article X Indemnified Persons under this Agreement or otherwise (unless and only to extent) the extent that such failure results in Indemnifying Person thereby is materially prejudiced by the loss or compromise of any material rights or defenses of the Article X Indemnifying Persons)delay. Upon the giving of such written notice as aforesaid, the Article X Indemnified Persons, or any of them, shall have the right to commence legal proceedings prior or subsequent to the Survival Date (for a period up to ninety (90) days after the Survival Date) for the enforcement of their rights under Section 10.2 hereof. Any claim for indemnification not made by the Article X Indemnified Persons, or any of them, on or prior 10.1 with respect to the Survival Date will be irrevocably and unconditionally released and waived and the Article X Indemnifying Persons shall cease to be under any liability to the Article X Indemnified Persons or otherwise matters indicated in respect to all and any claim not so notified prior to the Survival Datesuch notice.

Appears in 1 contract

Samples: Share Purchase Agreement (Glenayre Technologies Inc)

Assertion of Claims. No claim shall be brought under Section 10.2 9.2 unless the Article X IX Indemnified Persons, or any of them, at any time prior to the Survival Date, give Issuer HPC (a) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known or (b) written notice pursuant to Section 10.4 9.4 of any Article X IX Third Party Claim, the existence of which might give rise to such a claim but the failure so to provide such notice to Issuer HPC will not relieve the Article X IX Indemnifying Persons from any liability which they may have to the Article X IX Indemnified Persons under this Agreement or otherwise (unless and only to the extent that such failure results in the loss or compromise of any material rights or defenses of the Article X IX Indemnifying Persons). Upon the giving of such written notice as aforesaid, the Article X IX Indemnified Persons, or any of them, shall have the right to commence legal proceedings prior or subsequent to the Survival Date for the enforcement of their rights under Section 10.2 9.2 hereof. Any claim for indemnification not made by the Article X IX Indemnified Persons, or any of them, on or prior to the Survival Date will be irrevocably and unconditionally released and waived and the Article X IX Indemnifying Persons shall cease to be under any liability to the Article X IX Indemnified Persons or otherwise in respect to all and any claim not so notified prior to the Survival Date.

Appears in 1 contract

Samples: Acquisition Agreement (Alphatec Holdings, Inc.)

Assertion of Claims. No claim shall be brought under Section 10.2 9.2 unless the Article X IX Indemnified Persons, or any of them, at any time prior to the Survival Date, give Issuer Xxxxxxx Xxxxx (a) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known or (b) written notice pursuant to Section 10.4 9.4 of any Article X IX Third Party Claim, the existence of which might give rise to such a claim but the failure so to provide such notice to Issuer Xxxxxxx Xxxxx will not relieve the Article X IX Indemnifying Persons from any liability which they may have to the Article X IX Indemnified Persons under this Agreement or otherwise (unless and only to the extent that such failure results in the loss or compromise of any material rights or defenses of the Article X IX Indemnifying Persons). Upon the giving of such written notice as aforesaid, the Article X IX Indemnified Persons, or any of them, shall have the right to commence legal proceedings prior or subsequent to the Survival Date for the enforcement of their rights under Section 10.2 9.2 hereof. Any claim for indemnification not made by the Article X IX Indemnified Persons, or any of them, on or prior to the Survival Date will be irrevocably and unconditionally released and waived and the Article X IX Indemnifying Persons shall cease to be under any liability to the Article X IX Indemnified Persons or otherwise in respect to all and any claim not so notified prior to the Survival Date.

Appears in 1 contract

Samples: Acquisition Agreement (Alphatec Holdings, Inc.)

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