Common use of Indemnification Claim Procedures Clause in Contracts

Indemnification Claim Procedures. (a) If any Action is commenced in which any Indemnitee is a party which may give rise to a claim for indemnification against any Indemnitor then such Indemnitee shall promptly give notice to the Indemnitor. Failure to notify the Indemnitor will not relieve the Indemnitor of any Liability that it may have to the Indemnitee, except to the extent the defense of such Action is materially and irrevocably prejudiced by the Indemnitee’s failure to give such notice.

Appears in 2 contracts

Samples: Purchase Agreement (Vantage Drilling CO), Agreement and Plan of Merger (Cotelligent Inc)

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Indemnification Claim Procedures. (a) If any Action is commenced in which any Indemnitee is a party which may give rise to a claim for indemnification against any Indemnitor pursuant to this Section 6 ("Indemnification Claim") then such Indemnitee shall will promptly give notice to the Indemnitor. Failure to promptly notify the Indemnitor will not relieve the Indemnitor of any Liability that it may have to the Indemnitee, except to the extent that the defense Indemnitor shall have suffered actual Damages by reason of such Action is materially and irrevocably prejudiced by the Indemnitee’s failure to give such noticefailure.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tgfin Holdings Inc)

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Indemnification Claim Procedures. (a) If any Action is commenced in which any Indemnitee is a party which may give rise to a claim for indemnification against any Indemnitor then such Indemnitee shall promptly give notice to the Indemnitor. Failure to notify the Indemnitor will not relieve the Indemnitor of any Liability that it may have to the Indemnitee, except to the extent the defense of such Action is materially and irrevocably prejudiced by the Indemnitee’s 's failure to give such notice.

Appears in 1 contract

Samples: Stock Purchase Agreement (Emerging Alpha Corp)

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