{"component": "clause", "props": {"groups": [{"snippet": "In the event of any claims, statutory fees, costs, charges, penalties (including without limitation any legal costs), contributions, compensations, cost recoveries, expenses or fines being levied or claimed from a person in respect of which an indemnity is provided by the Supplier pursuant to ARTICLE 11, the following provisions shall apply:\n(a) subject to Sections 11.3(b), 11.3(c) and 11.3(d), where it appears that a person is or may be entitled to indemnification from the Supplier in respect of all (but not part only) of the liability arising out of a claim, such person entitled to indemnification may at its sole election and subject to:\n(i) approval by any relevant insurers (without prejudice to Section 11.3(f); and\n(ii) the Supplier providing the party entitled to indemnification with a secured indemnity to its reasonable satisfaction against all costs and expenses (including legal expenses) that it may incur by reason of such action, permit or require the Supplier to dispute the claim on behalf of the person entitled to indemnification at the Supplier\u2019s own expense and take conduct of any defence, dispute, compromise, or appeal of the claim and of any incidental negotiations; provided that the person entitled to indemnification shall give the Supplier (provided at the Supplier\u2019s cost) all reasonable cooperation, access and assistance for the purposes of considering and resisting such claim;\n(b) with respect to any claim conducted by the Supplier pursuant to Section 11.3(a):\n(i) the Supplier shall keep the person entitled to indemnification fully informed and consult with it about material elements of the conduct of the claim;\n(ii) the Supplier shall not bring the name of the person entitled to indemnification (or any Group Member thereof) into disrepute; and\n(iii) the Supplier shall not pay or settle such claims without the prior consent of the person entitled to indemnification, such consent not to be unreasonably withheld or delayed;\n(c) a person entitled to indemnification shall be free to pay or settle any claim on such terms as it thinks fit (and without prejudice to its rights and remedies under this Agreement) if:\n(i) the Supplier is not entitled to, or is not permitted or instructed, take conduct of the claim in accordance with Section 11.3(a); or\n(ii) the Supplier fails to comply in any material respect with the provisions of Sections 11.3(a) or 11.3(b);\n(d) the person entitled to indemnification pursuant to ARTICLE 11 shall be free at any time to give notice to the Supplier that it is retaining or taking over (as the case may be) the conduct of any defence, dispute, compromise or appeal of any claim (or of any incidental negotiations) to which Section 11.3(a) applies. On receipt of such notice the Supplier shall promptly take all steps necessary to transfer the conduct of such claim to the person entitled to indemnification, and shall provide to the person entitled to indemnification all reasonable co- operation, access and assistance for the purposes of considering and resisting such claim;\n(e) if the Supplier pays to the person entitled to indemnification an amount in respect of an indemnity and the person entitled to indemnification subsequently recovers (whether by payment, discount, credit, saving, relief or other benefit or otherwise) a sum which is directly referable to the fact, matter, event or circumstances giving rise to the claim under the indemnity, the person entitled to indemnification shall forthwith repay to the Supplier whichever is the lesser of:\n(i) an amount equal to the sum recovered (or the value of the saving or benefit obtained) less any out-of-pocket costs and expenses (including legal expenses) properly incurred by the person entitled to indemnification in recovering the same; and\n(ii) the amount paid to the person entitled to indemnification by the Supplier in respect of the claim under the relevant indemnity, provided that there shall be no obligation on the part of the person entitled to indemnification to pursue such recovery and that the Supplier is repaid only to the extent that the amount of such recovery aggregated with any sum recovered from the Supplier exceeds any loss sustained by the person entitled to indemnification;\n(f) the Supplier shall inform the person entitled to indemnification of the requirements of any insurer who may have an obligation to provide an indemnity in respect of any liability arising under this Agreement and in relation to such the person entitled to indemnification shall issue instructions accordingly; and\n(g) any person entitled to an indemnity from the Supplier must take all reasonable measures to mitigate any loss, damage or liability that it may suffer in respect of any such matter.", "size": 164, "snippet_links": [{"key": "in-the-event-of", "type": "definition", "offset": [0, 15]}, {"key": "statutory-fees", "type": "definition", "offset": [28, 42]}, {"key": "including-without-limitation", "type": "clause", "offset": [71, 99]}, {"key": "legal-costs", "type": "clause", "offset": [104, 115]}, {"key": "cost-recoveries", "type": "clause", "offset": [148, 163]}, {"key": "a-person", "type": "definition", "offset": [212, 220]}, {"key": "in-respect-of", "type": "definition", "offset": [221, 234]}, {"key": "pursuant-to-article-11", "type": "clause", "offset": [282, 304]}, {"key": "subject-to-sections", "type": "clause", "offset": [348, 367]}, {"key": "the-liability", "type": "clause", "offset": [529, 542]}, {"key": "arising-out-of", "type": "definition", "offset": [543, 557]}, {"key": "approval-by", "type": "clause", "offset": [652, 663]}, {"key": "without-prejudice-to-section", "type": "clause", "offset": [687, 715]}, {"key": "the-party", "type": "clause", "offset": [757, 766]}, {"key": "reasonable-satisfaction", "type": "clause", "offset": [827, 850]}, {"key": "costs-and-expenses", "type": "clause", "offset": [863, 881]}, {"key": "legal-expenses", "type": "definition", "offset": [893, 907]}, {"key": "require-the", "type": "clause", "offset": [963, 974]}, {"key": "the-claim", "type": "definition", "offset": [995, 1004]}, {"key": "on-behalf-of", "type": "definition", "offset": [1005, 1017]}, {"key": "provided-that", "type": "definition", "offset": [1200, 1213]}, {"key": "reasonable-cooperation", "type": "clause", "offset": [1315, 1337]}, {"key": "access-and-assistance", "type": "clause", "offset": [1339, 1360]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [1361, 1380]}, {"key": "with-respect-to", "type": "clause", "offset": [1423, 1438]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1475, 1494]}, {"key": "the-supplier-shall", "type": "clause", "offset": [1508, 1526]}, {"key": "fully-informed", "type": "clause", "offset": [1571, 1585]}, {"key": "material-elements", "type": "definition", "offset": [1612, 1629]}, {"key": "conduct-of-the", "type": "clause", "offset": [1637, 1651]}, {"key": "group-member", "type": "definition", "offset": [1752, 1764]}, {"key": "consent-of-the-person", "type": "clause", "offset": [1867, 1888]}, {"key": "consent-not-to-be-unreasonably-withheld", "type": "clause", "offset": [1923, 1962]}, {"key": "to-pay", "type": "clause", "offset": [2030, 2036]}, {"key": "rights-and-remedies", "type": "definition", "offset": [2118, 2137]}, {"key": "not-entitled", "type": "definition", "offset": [2184, 2196]}, {"key": "not-permitted", "type": "clause", "offset": [2207, 2220]}, {"key": "in-accordance-with", "type": "definition", "offset": [2262, 2280]}, {"key": "material-respect", "type": "definition", "offset": [2342, 2358]}, {"key": "the-provisions-of", "type": "clause", "offset": [2364, 2381]}, {"key": "at-any-time", "type": "clause", "offset": [2491, 2502]}, {"key": "to-the-supplier", "type": "clause", "offset": [2518, 2533]}, {"key": "taking-over", "type": "clause", "offset": [2558, 2569]}, {"key": "the-case", "type": "definition", "offset": [2574, 2582]}, {"key": "receipt-of", "type": "clause", "offset": [2735, 2745]}, {"key": "to-transfer", "type": "clause", "offset": [2811, 2822]}, {"key": "provide-to", "type": "clause", "offset": [2902, 2912]}, {"key": "if-the-supplier", "type": "clause", "offset": [3066, 3081]}, {"key": "other-benefit", "type": "clause", "offset": [3288, 3301]}, {"key": "the-fact", "type": "clause", "offset": [3353, 3361]}, {"key": "the-indemnity", "type": "clause", "offset": [3425, 3438]}, {"key": "lesser-of", "type": "definition", "offset": [3534, 3543]}, {"key": "equal-to", "type": "definition", "offset": [3559, 3567]}, {"key": "sum-recovered", "type": "definition", "offset": [3572, 3585]}, {"key": "the-value", "type": "clause", "offset": [3590, 3599]}, {"key": "amount-paid", "type": "definition", "offset": [3801, 3812]}, {"key": "indemnification-by-the-supplier", "type": "clause", "offset": [3839, 3870]}, {"key": "the-relevant", "type": "clause", "offset": [3901, 3913]}, {"key": "no-obligation", "type": "definition", "offset": [3954, 3967]}, {"key": "to-the-extent", "type": "clause", "offset": [4083, 4096]}, {"key": "any-loss", "type": "definition", "offset": [4190, 4198]}, {"key": "sustained-by", "type": "clause", "offset": [4199, 4211]}, {"key": "the-requirements", "type": "clause", "offset": [4324, 4340]}, {"key": "obligation-to-provide", "type": "clause", "offset": [4372, 4393]}, {"key": "arising-under-this-agreement", "type": "definition", "offset": [4435, 4463]}, {"key": "in-relation-to", "type": "clause", "offset": [4468, 4482]}, {"key": "any-person", "type": "definition", "offset": [4573, 4583]}, {"key": "the-supplier-must", "type": "clause", "offset": [4614, 4631]}, {"key": "to-mitigate", "type": "definition", "offset": [4661, 4672]}], "samples": [{"hash": "lsaluloIQ2", "uri": "/contracts/lsaluloIQ2#conduct-of-claims", "label": "Supply Agreement", "score": 32.3025894165, "published": true}, {"hash": "l0yfiC2pWbp", "uri": "/contracts/l0yfiC2pWbp#conduct-of-claims", "label": "Supply Agreement", "score": 32.3025894165, "published": true}, {"hash": "kReiANkvefq", "uri": "/contracts/kReiANkvefq#conduct-of-claims", "label": "Supply Agreement", "score": 32.3025894165, "published": true}], "hash": "d82ef6d9451fae95a10de99536ff946b", "id": 1}, {"snippet": "In connection with any indemnification provided hereunder, the indemnified party may make claims for indemnification by giving written notice thereof to the indemnifying party after it receives notice of a claim, but the failure to do so shall not relieve the indemnifying party from any liability except to the extent that it is materially prejudiced by the failure or delay in giving such notice. Such notice shall summarize the bases for the claim for indemnification and any claim or liability being asserted. Within thirty (30) days after receiving any such notice, the indemnifying party shall give written notice to the indemnified party stating whether it disputes the claim for indemnification and whether it will defend against any claim at its own cost and expense. If the indemnifying party fails to give notice that it disputes an indemnification claim within thirty (30) days after the receipt of notice thereof, it shall be deemed to have accepted and agreed to indemnify the claim. The indemnifying party shall be entitled to direct the defense against a claim with counsel selected by it (subject to the consent of the indemnified party, which consent shall not be unreasonably withheld) as long as the indemnifying party is conducting a good faith and diligent defense. The indemnified party shall at all times have the right to fully participate in the defense of a claim at its own expense directly or through counsel; provided, however, that if the named parties to the action or proceeding include both the indemnifying party and the indemnified party, and the indemnified party is advised that representation of both parties by the same counsel would be inappropriate under applicable standards of professional conduct, the indemnified party may engage separate counsel at the expense of the indemnifying party. If no such notice of intent to dispute and defend a claim is given by the indemnifying party, or if such good faith and diligent defense is not being or ceases to be conducted by the indemnifying party, the indemnified party shall have the right, at the expense of the indemnifying party, to undertake the defense of such claim (with counsel selected by the indemnified party), and to compromise or settle it, exercising reasonable business judgment. If the claim is one that by its nature cannot be defended solely by the indemnifying party, then the indemnified party shall make available such information and assistance as the indemnifying party may reasonably request and shall cooperate with the indemnifying party in such defense, at the expense of the indemnifying party. The indemnifying party shall have the right to settle any third-party claim without the consent of the indemnified party provided that such settlement (i) fully releases the indemnified party from any liability and provides no admission of wrongdoing, and (ii) does not subject the indemnified party to any additional obligation, whether financial or otherwise. In the event that any such settlement does not meet the requirements of (i) and (ii) above, then the indemnified party must consent to such settlement in writing, which consent shall not be unreasonably withheld.", "size": 31, "snippet_links": [{"key": "in-connection-with", "type": "clause", "offset": [0, 18]}, {"key": "indemnified-party", "type": "definition", "offset": [63, 80]}, {"key": "indemnification-by", "type": "definition", "offset": [101, 119]}, {"key": "notice-thereof", "type": "clause", "offset": [135, 149]}, {"key": "indemnifying-party", "type": "clause", "offset": [157, 175]}, {"key": "notice-of-a-claim", "type": "clause", "offset": [194, 211]}, {"key": "failure-to", "type": "clause", "offset": [221, 231]}, {"key": "except-to-the-extent", "type": "clause", "offset": [298, 318]}, {"key": "failure-or-delay-in", "type": "clause", "offset": [359, 378]}, {"key": "claim-for-indemnification", "type": "definition", "offset": [445, 470]}, {"key": "within-thirty", "type": "clause", "offset": [514, 527]}, {"key": "after-receiving", "type": "clause", "offset": [538, 553]}, {"key": "notice-to-the", "type": "clause", "offset": [613, 626]}, {"key": "cost-and-expense", "type": "clause", "offset": [759, 775]}, {"key": "to-give-notice", "type": "clause", "offset": [809, 823]}, {"key": "indemnification-claim", "type": "definition", "offset": [844, 865]}, {"key": "receipt-of-notice", "type": "definition", "offset": [900, 917]}, {"key": "to-indemnify", "type": "clause", "offset": [974, 986]}, {"key": "subject-to-the", "type": "clause", "offset": [1106, 1120]}, {"key": "consent-of-the", "type": "clause", "offset": [1121, 1135]}, {"key": "good-faith", "type": "clause", "offset": [1255, 1265]}, {"key": "at-all-times", "type": "definition", "offset": [1316, 1328]}, {"key": "the-right", "type": "clause", "offset": [1334, 1343]}, {"key": "participate-in", "type": "definition", "offset": [1353, 1367]}, {"key": "defense-of-a-claim", "type": "clause", "offset": [1372, 1390]}, {"key": "named-parties", "type": "definition", "offset": [1470, 1483]}, {"key": "action-or-proceeding", "type": "clause", "offset": [1491, 1511]}, {"key": "representation-of-both-parties", "type": "clause", "offset": [1617, 1647]}, {"key": "standards-of-professional-conduct", "type": "clause", "offset": [1708, 1741]}, {"key": "separate-counsel", "type": "definition", "offset": [1776, 1792]}, {"key": "notice-of-intent-to", "type": "clause", "offset": [1846, 1865]}, {"key": "reasonable-business-judgment", "type": "definition", "offset": [2256, 2284]}, {"key": "make-available", "type": "definition", "offset": [2411, 2425]}, {"key": "information-and-assistance", "type": "definition", "offset": [2431, 2457]}, {"key": "reasonably-request", "type": "definition", "offset": [2488, 2506]}, {"key": "cooperate-with", "type": "clause", "offset": [2517, 2531]}, {"key": "right-to-settle", "type": "clause", "offset": [2652, 2667]}, {"key": "party-claim", "type": "definition", "offset": [2678, 2689]}, {"key": "provided-that", "type": "definition", "offset": [2735, 2748]}, {"key": "no-admission-of-wrongdoing", "type": "clause", "offset": [2838, 2864]}, {"key": "additional-obligation", "type": "definition", "offset": [2921, 2942]}, {"key": "in-the-event", "type": "clause", "offset": [2976, 2988]}, {"key": "does-not-meet", "type": "clause", "offset": [3014, 3027]}, {"key": "the-requirements", "type": "clause", "offset": [3028, 3044]}, {"key": "consent-to", "type": "clause", "offset": [3100, 3110]}, {"key": "in-writing", "type": "clause", "offset": [3127, 3137]}], "samples": [{"hash": "boQ8NrnRpRC", "uri": "/contracts/boQ8NrnRpRC#conduct-of-claims", "label": "Master Sub Administration Agreement (Transamerica Series Trust)", "score": 30.3264884949, "published": true}, {"hash": "c2ys2FL8o2K", "uri": "/contracts/c2ys2FL8o2K#conduct-of-claims", "label": "Master Sub Administration Agreement (Transamerica ETF Trust)", "score": 26.5619430542, "published": true}, {"hash": "567sf010xir", "uri": "/contracts/567sf010xir#conduct-of-claims", "label": "Master Transfer Agency and Service Agreement (Transamerica ETF Trust)", "score": 26.5619430542, "published": true}], "hash": "471e368647dfcee1991515eb0d74f3dc", "id": 6}, {"snippet": "7.1 If the Buyer becomes aware of any claim or potential claim by a third party (a third party claim) which might result in a Claim being made, the Buyer shall:\n(a) promptly, and in any event within thirty (30) days of it becoming aware of it, give notice of such third party claim to \u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587, stating the nature, basis and amount thereof, to the extent known, along with copies of the relevant documents evidencing such third party claim and procure that \u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587 and its representatives are given all reasonable facilities to investigate it;\n(b) not make (and procure that each member of the Buyer Group shall not make) any admission of liability, agreement or compromise with any person, body or authority in relation to that third party claim without the prior written approval of \u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587, such approval not to be unreasonably withheld or delayed;\n(c) subject to the Buyer or the relevant member of the Buyer Group being indemnified by \u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587 against all reasonable out of pocket costs and expenses properly incurred in respect of that third party claim:\n(i) take, and procure that each member of the Buyer Group shall take, such action as \u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587 may reasonably request to avoid, resist, dispute, appeal, compromise or defend such third party claim;\n(ii) allow, or, as appropriate, procure that the relevant member of the Buyer Group shall allow, \u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587 to take over the conduct of all proceedings and/or negotiations of whatsoever nature arising in connection with the third party claim in question; and\n(iii) provide, or procure that the relevant member of the Buyer Group shall provide, such information and assistance as \u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587 may reasonably require in connection with the preparation for and conduct of any proceedings and/or negotiations relating to that third party claim.\n7.2 Without prejudice to clause 7.1, the Parties will use their reasonable best efforts to minimise Losses and Expenses from third party claims and will act in good faith in responding to, defending against, settling or otherwise dealing with such claims.\n7.3 Failure of the Buyer to give notice in accordance with clause 7.1(a) shall not relieve \u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587 of any of its obligations relating to Claims under this Agreement, except if and to the extent that \u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587 is actually prejudiced thereby (except that \u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587 shall not be liable for any expenses incurred during the period prior to the Buyer giving such notice).\n7.4 Whether or not \u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587 has assumed the conduct of proceedings or negotiations (in accordance with clause 7.1(c)(ii) above), \u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587 shall not be liable under any Claim for any admission of liability, agreement or compromise that was consented to without \u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587\u2019\u2587 prior written approval which relates to such Claim unless such approval has been unreasonably withheld or delayed.\n7.5 If the Buyer makes a Claim or notifies \u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587 of any third party claim which might lead to such a claim being made, the Buyer shall at the Buyer\u2019s cost make available to accountants and other representatives appointed by \u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587 such access to personnel, records and information as \u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587 reasonably requests in connection with such Claim or third party claim.", "size": 35, "snippet_links": [{"key": "if-the-buyer", "type": "clause", "offset": [4, 16]}, {"key": "claim-by-a-third-party", "type": "clause", "offset": [57, 79]}, {"key": "the-buyer-shall", "type": "clause", "offset": [144, 159]}, {"key": "within-thirty", "type": "clause", "offset": [192, 205]}, {"key": "notice-of", "type": "clause", "offset": [249, 258]}, {"key": "the-nature", "type": "clause", "offset": [305, 315]}, {"key": "basis-and-amount", "type": "clause", "offset": [317, 333]}, {"key": "to-the-extent", "type": "clause", "offset": [343, 356]}, {"key": "relevant-documents", "type": "definition", "offset": [389, 407]}, {"key": "that-\u2587", "type": "clause", "offset": [454, 460]}, {"key": "buyer-group", "type": "clause", "offset": [599, 610]}, {"key": "admission-of-liability", "type": "clause", "offset": [631, 653]}, {"key": "agreement-or", "type": "definition", "offset": [655, 667]}, {"key": "any-person", "type": "definition", "offset": [684, 694]}, {"key": "in-relation-to", "type": "clause", "offset": [714, 728]}, {"key": "approval-of", "type": "definition", "offset": [778, 789]}, {"key": "to-the-buyer", "type": "clause", "offset": [872, 884]}, {"key": "relevant-member", "type": "definition", "offset": [892, 907]}, {"key": "costs-and-expenses", "type": "clause", "offset": [996, 1014]}, {"key": "in-respect-of", "type": "definition", "offset": [1033, 1046]}, {"key": "reasonably-request", "type": "definition", "offset": [1171, 1189]}, {"key": "in-connection-with", "type": "clause", "offset": [1471, 1489]}, {"key": "the-third-party", "type": "definition", "offset": [1490, 1505]}, {"key": "information-and-assistance", "type": "definition", "offset": [1619, 1645]}, {"key": "preparation-for", "type": "clause", "offset": [1706, 1721]}, {"key": "relating-to", "type": "definition", "offset": [1773, 1784]}, {"key": "without-prejudice-to-clause", "type": "clause", "offset": [1813, 1840]}, {"key": "the-parties-will", "type": "clause", "offset": [1846, 1862]}, {"key": "reasonable-best-efforts", "type": "clause", "offset": [1873, 1896]}, {"key": "losses-and-expenses", "type": "definition", "offset": [1909, 1928]}, {"key": "third-party-claims", "type": "definition", "offset": [1934, 1952]}, {"key": "act-in-good-faith", "type": "clause", "offset": [1962, 1979]}, {"key": "responding-to", "type": "clause", "offset": [1983, 1996]}, {"key": "dealing-with", "type": "clause", "offset": [2039, 2051]}, {"key": "failure-of-the", "type": "clause", "offset": [2069, 2083]}, {"key": "to-give-notice", "type": "clause", "offset": [2090, 2104]}, {"key": "in-accordance-with", "type": "definition", "offset": [2105, 2123]}, {"key": "claims-under", "type": "clause", "offset": [2205, 2217]}, {"key": "this-agreement", "type": "clause", "offset": [2218, 2232]}, {"key": "during-the-period", "type": "clause", "offset": [2379, 2396]}, {"key": "prior-to-the", "type": "clause", "offset": [2397, 2409]}, {"key": "conduct-of-proceedings", "type": "clause", "offset": [2483, 2505]}, {"key": "consented-to", "type": "definition", "offset": [2680, 2692]}, {"key": "relates-to", "type": "definition", "offset": [2743, 2753]}, {"key": "any-third-party-claim", "type": "clause", "offset": [2886, 2907]}, {"key": "available-to", "type": "definition", "offset": [2994, 3006]}, {"key": "other-representatives", "type": "definition", "offset": [3023, 3044]}, {"key": "access-to-personnel", "type": "clause", "offset": [3074, 3093]}, {"key": "records-and-information", "type": "clause", "offset": [3095, 3118]}], "samples": [{"hash": "k5zRlq3Ovge", "uri": "/contracts/k5zRlq3Ovge#conduct-of-claims", "label": "Agreement for the Sale and Purchase of Assets (Kerr McGee Corp /De)", "score": 19.0, "published": true}, {"hash": "iSIjqHItbBY", "uri": "/contracts/iSIjqHItbBY#conduct-of-claims", "label": "Agreement for the Sale and Purchase of Assets (Kerr McGee Corp /De)", "score": 19.0, "published": true}, {"hash": "g8PmIZVUUut", "uri": "/contracts/g8PmIZVUUut#conduct-of-claims", "label": "Agreement for the Sale and Purchase of Interest in Ukcs Licence 103 Area W (Kerr McGee Corp /De)", "score": 19.0, "published": true}], "hash": "9bf42381623ea8878a68eac1a35a38e2", "id": 4}, {"snippet": "31.6.1 The Indemnifying Party may at its own expense and with the assistance and co-operation of the Indemnified Party have the conduct of the Third Party Claim including its settlement and the Indemnified Party will not, unless the Indemnifying Party has failed to resolve the Third Party Claim within a reasonable period (and the Indemnified Party has notified the Indemnifying Party in writing that it is of the opinion that such reasonable period has expired), take any action to settle or pursue the Third Party Claim", "size": 101, "snippet_links": [{"key": "indemnifying-party", "type": "clause", "offset": [11, 29]}, {"key": "the-assistance", "type": "clause", "offset": [62, 76]}, {"key": "operation-of-the", "type": "clause", "offset": [84, 100]}, {"key": "indemnified-party", "type": "definition", "offset": [101, 118]}, {"key": "third-party-claim", "type": "clause", "offset": [143, 160]}, {"key": "reasonable-period", "type": "definition", "offset": [305, 322]}, {"key": "in-writing", "type": "clause", "offset": [386, 396]}, {"key": "any-action", "type": "definition", "offset": [470, 480]}], "samples": [{"hash": "734ZQwSE3eX", "uri": "/contracts/734ZQwSE3eX#conduct-of-claims", "label": "Conditions of Funding (Grant)", "score": 33.3413925171, "published": true}, {"hash": "39rrFPEa7lp", "uri": "/contracts/39rrFPEa7lp#conduct-of-claims", "label": "Conditions of Funding (Grant)", "score": 33.3413925171, "published": true}, {"hash": "kqE6SdUroMG", "uri": "/contracts/kqE6SdUroMG#conduct-of-claims", "label": "Funding Agreement", "score": 33.3102531433, "published": true}], "hash": "3130dc17669f805d76e3b98636424bc4", "id": 2}, {"snippet": "(a) Whenever a claim for indemnification shall arise under this Section 10 as a result of a third-party claim, the party seeking indemnification (the \u201cIndemnified Party\u201d), shall notify the party from whom such indemnification is sought (the \u201cIndemnifying Party\u201d) in writing of the claim and the facts constituting the basis for such claim in reasonable detail.\n(b) Such Indemnifying Party shall have the right to retain the counsel of its choice in connection with such claim and to participate at its own expense in the defense of any such claim; provided, however, that counsel to the Indemnifying Party shall not (except with the consent of the relevant Indemnified Party) also be counsel to such Indemnified Party. In no event shall the Indemnifying Party be liable for fees and expenses of more than one counsel (in addition to any local counsel) separate from its own counsel for all Indemnified Parties in connection with any one action or separate but similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances.\n(c) No Indemnifying Party shall, without the prior written consent of the Indemnified Parties (which consent shall not be unreasonably withheld), settle or compromise or consent to the entry of any judgment with respect to any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or any claim whatsoever in respect of which indemnification could be sought under this Section 10 unless such settlement, compromise or consent (A) includes an unconditional release of each Indemnified Party from all liability arising out of such litigation, investigation, proceeding or claim and (B) does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of any Indemnified Party.", "size": 46, "snippet_links": [{"key": "claim-for-indemnification", "type": "definition", "offset": [15, 40]}, {"key": "section-10", "type": "definition", "offset": [64, 74]}, {"key": "party-claim", "type": "definition", "offset": [98, 109]}, {"key": "party-seeking-indemnification", "type": "clause", "offset": [115, 144]}, {"key": "notify-the", "type": "clause", "offset": [178, 188]}, {"key": "indemnifying-party", "type": "clause", "offset": [242, 260]}, {"key": "in-writing", "type": "clause", "offset": [263, 273]}, {"key": "the-claim", "type": "definition", "offset": [277, 286]}, {"key": "the-facts", "type": "clause", "offset": [291, 300]}, {"key": "the-basis", "type": "clause", "offset": [314, 323]}, {"key": "right-to", "type": "definition", "offset": [404, 412]}, {"key": "in-connection-with", "type": "clause", "offset": [446, 464]}, {"key": "counsel-to", "type": "clause", "offset": [572, 582]}, {"key": "relevant-indemnified-party", "type": "definition", "offset": [648, 674]}, {"key": "in-no-event-shall", "type": "clause", "offset": [719, 736]}, {"key": "expenses-of", "type": "clause", "offset": [783, 794]}, {"key": "one-counsel", "type": "definition", "offset": [805, 816]}, {"key": "in-addition-to", "type": "clause", "offset": [818, 832]}, {"key": "local-counsel", "type": "definition", "offset": [837, 850]}, {"key": "counsel-for", "type": "clause", "offset": [874, 885]}, {"key": "indemnified-parties", "type": "definition", "offset": [890, 909]}, {"key": "related-actions", "type": "clause", "offset": [971, 986]}, {"key": "same-jurisdiction", "type": "definition", "offset": [994, 1011]}, {"key": "arising-out-of", "type": "definition", "offset": [1012, 1026]}, {"key": "general-allegations", "type": "clause", "offset": [1036, 1055]}, {"key": "prior-written-consent", "type": "clause", "offset": [1119, 1140]}, {"key": "consent-to", "type": "clause", "offset": [1244, 1254]}, {"key": "with-respect-to", "type": "clause", "offset": [1281, 1296]}, {"key": "investigation-or-proceeding", "type": "definition", "offset": [1320, 1347]}, {"key": "governmental-agency", "type": "clause", "offset": [1355, 1374]}, {"key": "in-respect-of", "type": "definition", "offset": [1433, 1446]}, {"key": "release-of", "type": "clause", "offset": [1583, 1593]}, {"key": "failure-to-act", "type": "clause", "offset": [1789, 1803]}, {"key": "by-or-on-behalf-of", "type": "definition", "offset": [1804, 1822]}], "samples": [{"hash": "glqsz2MaqRV", "uri": "/contracts/glqsz2MaqRV#conduct-of-claims", "label": "Securities Purchase Agreement (Starr International Co Inc)", "score": 21.1040382385, "published": true}, {"hash": "52mNucejXmu", "uri": "/contracts/52mNucejXmu#conduct-of-claims", "label": "Securities Purchase Agreement (China MediaExpress Holdings, Inc.)", "score": 21.049282074, "published": true}], "hash": "12126b5de590659f3a0e50fcfd1356da", "id": 3}, {"snippet": "6.1. If a Buyer or a Group Company becomes aware of a Tax Claim, the Buyer shall or shall procure that the relevant Group Company shall within a reasonable time give notice to the Seller of the Tax Claim, provided always that the giving of such notice shall not be a condition precedent to the liability of the Seller under this Schedule.\n6.2. If the Seller becomes aware of a Tax Claim, the Seller shall notify the Buyers in writing as soon as reasonably practicable and the Buyers shall be deemed to have given the Seller notice of the Tax Claim on receipt of such notification for the purpose of this Paragraph 6.2.\n6.3. Subject to the following provisions of this Paragraph 6.3, the Buyers shall (and where relevant, shall procure that the relevant Group Companies shall) take such action as the Seller may reasonably request by notice in writing to avoid, dispute, defend, resist, appeal or compromise any Tax Claim (a \u201cDisputed Tax Claim\u201d) or any matter relating to the Disputed Tax Claim but only provided that the Seller shall first (to the Buyers\u2019 reasonable satisfaction) indemnify the Buyers and/or the Group Companies (as required by the Buyers) against any losses, damages, costs or expenses which it may suffer or incur as a result of taking such action (including any additional liability to Tax).\n6.4. Without prejudice to the liability of the Seller under this Schedule, the Buyers shall not be obliged to take or procure the taking of any action under Paragraph 6.3 in respect of any Tax Claim:\n(a) to the extent that it would involve a Group Company contesting any Disputed Tax Claim before any court or other appellate body, unless in the written opinion of tax counsel of appropriate relevant experience appointed by agreement between the Seller and the Buyers or in default of agreement appointed by the President for the time being of the Institute of Chartered Accountants in England and Wales upon the application of either the Buyer or the Seller an appeal is a reasonable course of action given all the circumstances including the likelihood of success; or\n(b) where the Tax Claim or action derives from or arises out of or is in connection with any dishonest or fraudulent act or omission or willful default by or of the Seller at any time or by or of a Group Company prior to the Closing; or\n(c) should the Seller, following receipt of written notice of the Tax Claim from a Buyer in accordance with Paragraph 6.1:\n(i) fail within fifteen (15) Business Days to serve notice on the Buyers under Paragraph 6.3; or\n(ii) fail within fifteen (15) Business Days to notify the Buyers in writing of any further action to be taken by a Buyer or a Group Company under Paragraph 6.3 where a Buyer at any time seeks instructions from the Seller; or\n(d) if, in the Buyers\u2019 reasonable opinion, the action requested by the Seller pursuant to Paragraph 6.3 is likely to affect materially and adversely the liability of a Buyer or a Group Company to Tax or the business or financial interests of any of them; or\n(e) if a Group Company would be required to appeal against any assessment or demand for Tax where it is a requirement for such an appeal that the Taxation be paid, unless payment has previously been made by the Seller to a Buyer of an amount equal to such Taxation and in respect of it; or\n(f) that requires a Group Company to take any action against any person who is at the time in question either an employee or director of any member of the Buyers\u2019 Tax Group, or any company that is at the time in question a member of the Buyers\u2019 Tax Group.\n6.5. If Paragraph 6.3 does not apply by virtue of any provision in Paragraph 6.4, the relevant Buyer or Group Company (as the case may be) may satisfy or settle the Tax Liability on such terms as it may in its absolute discretion think fit without prejudice to any of the Buyers\u2019 rights under this Schedule.", "size": 31, "snippet_links": [{"key": "a-group-company", "type": "definition", "offset": [19, 34]}, {"key": "tax-claim", "type": "definition", "offset": [54, 63]}, {"key": "the-buyer-shall", "type": "clause", "offset": [65, 80]}, {"key": "relevant-group-company", "type": "definition", "offset": [107, 129]}, {"key": "reasonable-time", "type": "clause", "offset": [145, 160]}, {"key": "notice-to-the-seller", "type": "clause", "offset": [166, 186]}, {"key": "provided-always-that", "type": "clause", "offset": [205, 225]}, {"key": "condition-precedent", "type": "definition", "offset": [267, 286]}, {"key": "liability-of-the-seller", "type": "clause", "offset": [294, 317]}, {"key": "the-seller-shall", "type": "clause", "offset": [388, 404]}, {"key": "notify-the", "type": "clause", "offset": [405, 415]}, {"key": "notice-of-the", "type": "clause", "offset": [524, 537]}, {"key": "for-the-purpose-of-this", "type": "clause", "offset": [580, 603]}, {"key": "subject-to-the", "type": "clause", "offset": [624, 638]}, {"key": "provisions-of-this", "type": "clause", "offset": [649, 667]}, {"key": "where-relevant", "type": "clause", "offset": [705, 719]}, {"key": "reasonably-request", "type": "definition", "offset": [811, 829]}, {"key": "notice-in-writing", "type": "clause", "offset": [833, 850]}, {"key": "relating-to", "type": "definition", "offset": [960, 971]}, {"key": "the-disputed-tax", "type": "definition", "offset": [972, 988]}, {"key": "provided-that", "type": "definition", "offset": [1004, 1017]}, {"key": "reasonable-satisfaction", "type": "clause", "offset": [1057, 1080]}, {"key": "the-group-companies", "type": "clause", "offset": [1110, 1129]}, {"key": "by-the-buyers", "type": "clause", "offset": [1143, 1156]}, {"key": "liability-to-tax", "type": "clause", "offset": [1294, 1310]}, {"key": "without-prejudice-to-the", "type": "clause", "offset": [1318, 1342]}, {"key": "any-action", "type": "definition", "offset": [1453, 1463]}, {"key": "in-respect-of", "type": "definition", "offset": [1484, 1497]}, {"key": "to-the-extent", "type": "clause", "offset": [1517, 1530]}, {"key": "appellate-body", "type": "clause", "offset": [1629, 1643]}, {"key": "opinion-of-tax-counsel", "type": "clause", "offset": [1667, 1689]}, {"key": "relevant-experience", "type": "definition", "offset": [1705, 1724]}, {"key": "agreement-between", "type": "clause", "offset": [1738, 1755]}, {"key": "the-seller-and-the", "type": "clause", "offset": [1756, 1774]}, {"key": "default-of-agreement", "type": "clause", "offset": [1788, 1808]}, {"key": "the-president", "type": "clause", "offset": [1822, 1835]}, {"key": "institute-of-chartered-accountants", "type": "definition", "offset": [1862, 1896]}, {"key": "england-and-wales", "type": "clause", "offset": [1900, 1917]}, {"key": "application-of", "type": "clause", "offset": [1927, 1941]}, {"key": "an-appeal", "type": "clause", "offset": [1973, 1982]}, {"key": "course-of-action", "type": "clause", "offset": [1999, 2015]}, {"key": "likelihood-of-success", "type": "definition", "offset": [2058, 2079]}, {"key": "in-connection-with", "type": "clause", "offset": [2154, 2172]}, {"key": "act-or-omission", "type": "definition", "offset": [2201, 2216]}, {"key": "default-by", "type": "clause", "offset": [2228, 2238]}, {"key": "at-any-time", "type": "clause", "offset": [2256, 2267]}, {"key": "prior-to-the-closing", "type": "clause", "offset": [2296, 2316]}, {"key": "receipt-of-written-notice", "type": "definition", "offset": [2354, 2379]}, {"key": "in-accordance-with", "type": "definition", "offset": [2410, 2428]}, {"key": "business-days", "type": "definition", "offset": [2473, 2486]}, {"key": "to-serve", "type": "definition", "offset": [2487, 2495]}, {"key": "action-to-be-taken", "type": "clause", "offset": [2632, 2650]}, {"key": "by-the-seller", "type": "clause", "offset": [2830, 2843]}, {"key": "pursuant-to-paragraph", "type": "clause", "offset": [2844, 2865]}, {"key": "is-likely", "type": "definition", "offset": [2870, 2879]}, {"key": "the-business", "type": "clause", "offset": [2969, 2981]}, {"key": "financial-interests", "type": "definition", "offset": [2985, 3004]}, {"key": "equal-to", "type": "definition", "offset": [3266, 3274]}, {"key": "action-against", "type": "clause", "offset": [3360, 3374]}, {"key": "any-person", "type": "definition", "offset": [3375, 3385]}, {"key": "at-the-time", "type": "clause", "offset": [3393, 3404]}, {"key": "an-employee", "type": "definition", "offset": [3424, 3435]}, {"key": "director-of", "type": "clause", "offset": [3439, 3450]}, {"key": "member-of-the-buyers", "type": "definition", "offset": [3455, 3475]}, {"key": "tax-group", "type": "definition", "offset": [3477, 3486]}, {"key": "a-member-of-the", "type": "clause", "offset": [3535, 3550]}, {"key": "relevant-buyer", "type": "definition", "offset": [3656, 3670]}, {"key": "the-case", "type": "definition", "offset": [3692, 3700]}, {"key": "tax-liability", "type": "definition", "offset": [3735, 3748]}, {"key": "absolute-discretion", "type": "clause", "offset": [3780, 3799]}, {"key": "without-prejudice-to-any", "type": "clause", "offset": [3810, 3834]}], "samples": [{"hash": "5aEmMqlPQbf", "uri": "/contracts/5aEmMqlPQbf#conduct-of-claims", "label": "Sale and Purchase Agreement", "score": 29.3408622742, "published": true}, {"hash": "e30LL9dDAG2", "uri": "/contracts/e30LL9dDAG2#conduct-of-claims", "label": "Sale and Purchase Agreement (Lydall Inc /De/)", "score": 25.1478443146, "published": true}], "hash": "ac6a185d348dfeb557fd2d2a3ffb29ea", "id": 7}, {"snippet": "In the event that any of the Purchasers becomes aware of any matter, which it has determined has given or could give rise to an Indemnity Claim:\n(a) The Purchasers shall immediately, and in any event within thirty (30) days from the time that either of the Purchasers learns of or discovers such an Indemnity Claim (the \u201cNotice Period\u201d), send a written notice to the Seller of the events, circumstances, claims and actions that have occurred and have become known to the Purchasers that comprise the Indemnity Claim (stating the amount of the Loss, if known) and that may bring about the application of Section 7.1 of this Agreement (the \u201cClaim Notice\u201d).\n(b) The Seller shall have thirty (30) days from its receipt of the Claim Notice (the \u201cReply Period\u201d), to notify the Purchasers that it objects or disputes the Claim Notice or the amount or any aspect of the Indemnity Claim subject of the Claim Notice (the \u201cClaim Objection\u201d), or otherwise notify the Purchasers that it does not dispute the Claim Notice and accepts liability for the Indemnity Claim (the \u201cClaim Acceptance\u201d).\n(c) If the Seller fails to respond to the Claim Notice within the Reply Period, or sends a written notice of a Claim Acceptance within such period, then the Indemnity Claim shall be deemed accepted. The Purchasers may recover the amount of the Loss subject of the Indemnity Claim, and the Seller shall pay the amount thereof to the Purchasers in cash within thirty (30) days from the end of the Reply Period.\n(d) If within the Reply Period the Seller sends a written notice to the Purchasers of a Claim Objection, such notice shall state in detail the reasons why it does not accept liability for the Indemnity Claim.\n(e) If no agreement is reached by the Parties within thirty (30) days from the end of the Reply Period, notwithstanding \u2587\u2587\u2587\u2587\u2587\u2587\u2587 efforts to settle the Indemnity Claim, the matter shall be referred to the Claims Dispute Resolution procedure in Section 7.7 below.", "size": 29, "snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [0, 12]}, {"key": "of-the-purchasers", "type": "clause", "offset": [22, 39]}, {"key": "indemnity-claim", "type": "definition", "offset": [128, 143]}, {"key": "within-thirty", "type": "clause", "offset": [200, 213]}, {"key": "notice-period", "type": "definition", "offset": [321, 334]}, {"key": "notice-to-the-seller", "type": "clause", "offset": [353, 373]}, {"key": "the-events", "type": "clause", "offset": [377, 387]}, {"key": "claims-and-actions", "type": "clause", "offset": [404, 422]}, {"key": "to-the-purchasers", "type": "clause", "offset": [464, 481]}, {"key": "the-indemnity", "type": "clause", "offset": [496, 509]}, {"key": "section-71", "type": "definition", "offset": [603, 614]}, {"key": "this-agreement", "type": "clause", "offset": [618, 632]}, {"key": "claim-notice", "type": "definition", "offset": [639, 651]}, {"key": "the-seller-shall", "type": "clause", "offset": [659, 675]}, {"key": "receipt-of", "type": "clause", "offset": [707, 717]}, {"key": "reply-period", "type": "definition", "offset": [741, 753]}, {"key": "notify-the", "type": "clause", "offset": [760, 770]}, {"key": "subject-of-the", "type": "clause", "offset": [878, 892]}, {"key": "claim-objection", "type": "definition", "offset": [912, 927]}, {"key": "liability-for", "type": "clause", "offset": [1020, 1033]}, {"key": "respond-to", "type": "definition", "offset": [1107, 1117]}, {"key": "notice-of-a-claim", "type": "clause", "offset": [1179, 1196]}, {"key": "deemed-accepted", "type": "definition", "offset": [1262, 1277]}, {"key": "in-detail", "type": "clause", "offset": [1618, 1627]}, {"key": "if-no-agreement", "type": "clause", "offset": [1702, 1717]}, {"key": "by-the-parties", "type": "clause", "offset": [1729, 1743]}, {"key": "dispute-resolution-procedure", "type": "definition", "offset": [1908, 1936]}, {"key": "section-77", "type": "clause", "offset": [1940, 1951]}], "samples": [{"hash": "dssbtKwvXfb", "uri": "/contracts/dssbtKwvXfb#conduct-of-claims", "label": "Sale and Purchase Agreement (PLDT Inc.)", "score": 28.3182754517, "published": true}, {"hash": "1bCh2CVCUUC", "uri": "/contracts/1bCh2CVCUUC#conduct-of-claims", "label": "Sale and Purchase Agreement (PLDT Inc.)", "score": 28.3182754517, "published": true}], "hash": "066d162f4da6113c4d5bf314546a5649", "id": 8}, {"snippet": "If the party with a right of indemnity under clause 26.16 or 26.18 (\u201cIndemnified Party\u201d) seeks, or may seek to be indemnified by the other party (\u201cIndemnifying Party\u201d) under clause 26.16 or 26.18 in respect of a claim by any person of the kind described in sub-clause (a) of such clauses (\u201cThird Party Claim\u201d), the following will apply:\n(a) The Indemnified Party will give notice of the Third Party Claim (including reasonable details) to the Indemnifying Party and ensure that the Indemnified Party does not make any payment or admission of liability in respect of the Third Party Claim.\n(b) The Indemnifying Party may, at its election, in the name of the Indemnified Party, but subject to prior consultation with the Indemnified Party and so that the reputation of the Indemnified Party is not unfairly harmed, conduct all negotiations and defend any proceedings relating to the Third Party Claim. For this purpose, the Indemnified Party will make available to the Indemnifying Party all such information, books and records, and give such other co-operation (including making available employees as witnesses), as the Indemnifying Party may reasonably require for the purpose.\n(c) If and for so long as the Indemnifying Party does not assume the defence of the Third Party Claim, the Indemnified Party will:\n(i) keep the Indemnifying Party fully informed of the Indemnified Party\u2019s progress in defending the Indemnified Claim and of any related proceedings; and\n(ii) at the Indemnifying Party\u2019s request, consult with, and take account of the reasonable views of, the Indemnifying Party so far as reasonably possible in the relevant Indemnified Party\u2019s defence of the Third Party Claim and any related proceedings.\n(d) The Indemnified Party will not, without the prior written consent of the Indemnifying Party, settle the Third Party Claim.\n(e) If the Indemnified Party recovers from any third party any amount to which a payment made by the Indemnifying Party to the Indemnified Party under this agreement relates, the Indemnified Party will procure that the amount so recovered by the Indemnified Party (net of the cost of recovery, but not exceeding the amount paid by the Indemnifying Party) will be reimbursed without delay to the Indemnifying Party.", "size": 32, "snippet_links": [{"key": "the-party", "type": "clause", "offset": [3, 12]}, {"key": "right-of-indemnity", "type": "clause", "offset": [20, 38]}, {"key": "under-clause", "type": "clause", "offset": [39, 51]}, {"key": "other-party", "type": "clause", "offset": [133, 144]}, {"key": "indemnifying-party", "type": "clause", "offset": [147, 165]}, {"key": "in-respect-of", "type": "definition", "offset": [196, 209]}, {"key": "any-person", "type": "definition", "offset": [221, 231]}, {"key": "third-party-claim", "type": "clause", "offset": [290, 307]}, {"key": "the-third-party", "type": "definition", "offset": 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these purposes) and the Buyer or the Company has a right to make recovery or claim indemnity from any third party (including under any policy of insurance) in relation to that matter, then the Buyer shall promptly notify the Sellers of the right.\n5.2 If any sum is paid by or on behalf of the Sellers in satisfaction of a Warranty Claim, and the Buyer or the Company has or subsequently acquires a right to make recovery or claim indemnity from any third party (including under any policy of insurance) in respect of the matter giving rise to that Warranty Claim, the Buyer shall promptly notify the Sellers of the right.\n5.3 The Buyer shall have conduct of any and all litigation or negotiation provided that it shall continue to consult with the Sellers with respect to the matter in question.\n5.4 If there is any dispute between the Sellers and the Buyer as to whether liability in respect of any third party claim should be admitted or whether that claim should be settled or compromised, liability shall not be admitted, and that claim shall not be settled or comprised, other than in accordance with the provisions of this paragraph. Any such dispute shall be referred to leading counsel agreed between the Sellers and the Buyer or, in default of agreement on or before the date falling [**] after the date on which an individual is first proposed for the purpose by either the Sellers or the Buyer, by the President for the time being of the Law Society of England and Wales on the application of either the Sellers or the Buyer. Any individual to whom a dispute is so referred shall be instructed in writing to give a written opinion, as soon as is reasonably practicable, as to which of the courses of conduct proposed by the Buyer and by the Sellers is most likely to result in the third party claim being agreed, settled or compromised at the least cost to the Sellers. The decision of counsel (who shall act as expert and not as arbitrator) shall be final and binding on the Buyer and the Sellers for all purposes. Counsel's fees and expenses shall be borne by the Sellers and the Buyer as counsel may determine in his sole discretion or, if no such determination is made, by the Sellers and the Buyer in equal shares. The parties shall then implement counsel's decision as soon as is reasonably practicable.\n5.5 To the extent that the Buyer or the Company receives any sum or other benefit by reason of the enforcement of any rights such as are referred to in paragraphs 5.1 or 5.2, then either the Sellers' liability in relation to such Warranty Claim or potential Warranty Claim shall be reduced by the Amount Recovered, or if any sum has already been paid by or on behalf of the Sellers in satisfaction of a Warranty Claim, then the Buyer shall pay the Amount Recovered to the Sellers on or before the date falling five Business Days after the date on which that receipt or saving is made. For the purposes of paragraph 1.2 of this schedule, the Sellers shall be deemed never to have been liable to the Buyer in respect of the Amount Recovered.\n5.6 For the purposes of paragraph 5.5 of this schedule, the \"Amount Recovered\" shall be equal to so much of the sum or benefit received by reason of the enforcement of any rights such as are referred to in paragraphs 5.1 or 5.2 as does not exceed the amount claimed by the Buyer in relation to such Warranty Claim or (as the case may be) the payment by or on behalf of the Sellers in satisfaction of the relevant Warranty Claim, less any Taxation payable by the Buyer or the Company in respect of that receipt and less all reasonable costs and expenses of the Buyer and the Company in recovering that receipt or saving.", "size": 23, "snippet_links": [{"key": "if-the-buyer", "type": "clause", "offset": [4, 16]}, {"key": "warranty-claim", "type": "definition", "offset": [108, 122]}, {"key": "the-company-has", "type": "definition", 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may be brought by a third party to the extent that such claims or proceedings may be covered by the relevant indemnity provided that where there is an impact on the indemnified party, the indemnifying party shall consult with the indemnified party and shall at all times keep the indemnified party informed of all material matters; and\n10.1.3 The indemnified party shall, at the indemnifying party\u2019s expense, provide all reasonable assistance and documentation required by the indemnifying party in connection with, and act as or be joined as a defendant in, any claim or proceedings brought by a third party. 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