Common use of Cooperation of Parties Clause in Contracts

Cooperation of Parties. The party assuming the defense of any Claim shall keep the other party reasonably informed at all times of the progress and development of the party’s defense of and compromise efforts with respect to such Claim and shall furnish the other party with copies of all relevant pleading, correspondence and other papers. In addition, the parties to this Agreement shall cooperate with each other, and make available to each other and their representatives all available relevant records or other materials required by them for their use in defending, compromising or contesting any Claim. The failure to timely notify the Indemnifying Party of the commencement of such actions in accordance with Section 11.6(a), shall relieve the Indemnifying Party from the obligation to indemnify under Section 11.2 or 11.3 or 11.4

Appears in 2 contracts

Samples: Stock Purchase Agreement (MULTI COLOR Corp), Stock Purchase Agreement (MULTI COLOR Corp)

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Cooperation of Parties. The party assuming the defense of any Claim shall keep the other party reasonably informed at all times of the progress and development of the party’s 's defense of and compromise efforts with respect to such Claim and shall furnish the other party with copies of all relevant pleading, correspondence and other papers. In addition, the parties to this Agreement shall cooperate with each other, and make available to each other and their representatives all available relevant records or other materials required by them for their use in defending, compromising or contesting any Claim. The failure to timely notify the Indemnifying Party of the commencement of such actions in accordance with Section 11.6(a), 10.4(a) shall relieve the Indemnifying Party from the obligation to indemnify under Section 11.2 or 11.3 or 11.4but only to the extent the Indemnifying Party establishes by competent evidence that it is has been materially and adversely prejudiced thereby.

Appears in 1 contract

Samples: Acquisition Agreement (Astec Industries Inc)

Cooperation of Parties. The party assuming the defense defence of any Claim shall keep the other party reasonably informed at all times of the progress and development of the party’s defense defence of and compromise efforts with respect to such Claim and shall furnish the other party with copies of all relevant pleading, correspondence and other papers. In addition, the parties to this Agreement shall cooperate with each other, and make available to each other and their representatives all available relevant records or other materials required by them for their use in defending, compromising or contesting any Claim. The failure to timely notify the Indemnifying Party of the commencement of such actions in accordance with Section 11.6(a), shall relieve the Indemnifying Party from the obligation to indemnify under Section 11.2 or 11.3 or 11.4

Appears in 1 contract

Samples: Stock Purchase Agreement (MULTI COLOR Corp)

Cooperation of Parties. The party assuming the defense of any Claim shall keep the other party reasonably informed at all times of the progress and development of the party’s 's defense of and compromise efforts with respect to such Claim and shall furnish the other party with copies of all relevant pleading, correspondence and other papers. In addition, the parties to this Agreement shall cooperate with each other, and make available to each other and their representatives all available relevant records or other materials required by them for their use in defending, compromising or contesting any Claim. The failure to timely notify the Indemnifying Party of the commencement of such actions in accordance with Section 11.6(a), 10.6(a) shall relieve the Indemnifying Party from the obligation to indemnify under Section 11.2 10.1 or 11.3 or 11.410.2, as the case may be.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Loraca International Inc)

Cooperation of Parties. The party assuming the defense of any Claim shall keep the other party reasonably informed at all times of the progress and development of the party’s 's defense of and compromise efforts with respect to such Claim and shall furnish the other party with copies of all relevant pleading, correspondence and other papers. In addition, the parties to this Agreement shall cooperate with each other, other and make available to each other and their representatives all available relevant records or other materials required by them for their use in defending, compromising or contesting any Claim. The failure to timely notify the Indemnifying Party of the commencement of such actions in accordance with Section 11.6(a), 11.7(a) shall relieve the Indemnifying Party from the obligation to indemnify under Section 11.2 or 11.3 11.4, as the case may be, but only to the extent the Indemnifying Party establishes by competent evidence that it or 11.4he is or has been materially and adversely prejudiced thereby.

Appears in 1 contract

Samples: Asset Purchase Agreement (Multi Color Corp)

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Cooperation of Parties. The party assuming the defense of any Claim shall keep the other party reasonably informed at all times of the progress and development of the party’s 's defense of and compromise efforts with respect to such Claim and shall furnish the other party with copies of all relevant pleading, correspondence and other papers. In addition, the parties to this Agreement shall cooperate with each other, and make available to each other and their representatives all available relevant records or other materials required by them for their use in defending, compromising or contesting any Claim. The failure to timely notify the Indemnifying Party of the commencement of such actions in accordance with Section 11.6(a), 9.4(a) shall relieve the Indemnifying Party from the obligation to indemnify under Section 11.2 9.2 or 11.3 or 11.49.3, as the case may be, but only to the extent the Indemnifying Party establishes by competent evidence that it is has been materially and adversely prejudiced thereby.

Appears in 1 contract

Samples: Agreement (Riverside Group Inc/Fl)

Cooperation of Parties. The party assuming the defense defence of any Claim shall keep the other party reasonably informed at all times of the progress and development of the party’s defense defence of and compromise efforts with respect to such Claim and shall furnish the other party with copies of all relevant pleadingpleadings, correspondence and other papers. In addition, the parties to this Agreement shall cooperate with each other, and make available to each other and their representatives all available relevant records or other materials required by them for their use in defending, compromising or contesting any Claim. The failure to timely notify the Indemnifying Party of the commencement of such actions in accordance with Section 11.6(a), shall relieve the Indemnifying Party from the obligation to indemnify under Section 11.2 or 11.3 or 11.4

Appears in 1 contract

Samples: Stock Purchase Agreement (MULTI COLOR Corp)

Cooperation of Parties. The party assuming the defense of any Claim shall keep the other party reasonably informed at all times of the progress and development of the party’s 's defense of and compromise efforts with respect to such Claim and shall furnish the other party with copies of all relevant pleading, correspondence and other papers. In addition, the parties to this Agreement shall cooperate with each other, other and make available to each other and their representatives all available relevant records or other materials required by them for their use in defending, compromising or contesting any Claim. The failure to timely notify the Indemnifying Party of the commencement of such actions in accordance with Section 11.6(a), 10.5(a) shall relieve the Indemnifying Party from the obligation to indemnify under Section 11.2 10.2 or 11.3 10.3, as the case may be, but only to the extent the Indemnifying Party establishes by competent evidence that it or 11.4he is or has been materially and adversely prejudiced thereby.

Appears in 1 contract

Samples: Asset Purchase Agreement (Green Mountain Coffee Inc)

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