Common use of Indemnification Procedure Clause in Contracts

Indemnification Procedure. If any Proceeding is commenced against a party entitled to indemnification under this section, prompt notice of the Proceeding shall be given to the party obligated to provide such indemnification. The indemnifying party shall be entitled to take control of the defense, investigation or settlement of the Proceeding and the indemnified party agrees to reasonably cooperate, at the indemnifying party's cost in the ensuing investigations, defense or settlement.

Appears in 96 contracts

Sources: Broker Dealer Agreement (Ysmd, LLC), Broker Dealer Agreement (Ysmd, LLC), Broker Dealer Agreement (Med-X, Inc.)

Indemnification Procedure. If any Proceeding is commenced against a party entitled to indemnification under this section, prompt notice of the Proceeding shall be given to the party obligated to provide such indemnification. The indemnifying party shall be entitled to take control of the defense, investigation or settlement of the Proceeding and the indemnified party agrees to reasonably cooperate, at the indemnifying party's ’s cost in the ensuing investigations, defense or settlement.

Appears in 37 contracts

Sources: Broker Dealer Agreement (Concreit Series LLC), Broker Dealer Agreement (Concreit Series LLC), Broker Dealer Agreement (Brazil Potash Corp.)

Indemnification Procedure. If any Proceeding is commenced against a party Party entitled to indemnification under this section, prompt notice of the Proceeding shall be given to the party Party obligated to provide such indemnification. The indemnifying party shall be entitled to take control of the defense, investigation or settlement of the Proceeding and the indemnified party agrees to reasonably cooperate, at the indemnifying party's cost in the ensuing investigations, defense or settlement.

Appears in 11 contracts

Sources: Broker Dealer Agreement (RSE Innovation, LLC), Broker Dealer Agreement (RSE Portfolio, LLC), Broker Dealer Agreement (RSE Archive, LLC)

Indemnification Procedure. If any Proceeding is commenced against a party entitled to indemnification under this section, prompt notice of the Proceeding shall be given to the party obligated to provide such indemnification. The indemnifying party shall be entitled to take control of the defense, investigation or settlement of the Proceeding and the indemnified party agrees to reasonably cooperate, at the indemnifying party's cost in the ensuing investigations, defense or settlement.. ▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇

Appears in 3 contracts

Sources: Broker Dealer Agreement (Own Our Own Fund I, LLC), Broker Dealer Agreement (Own Our Own Fund I, LLC), Broker Dealer Agreement (Own Our Own Fund I, LLC)

Indemnification Procedure. If any Proceeding is commenced against a party entitled to The Party seeking indemnification under this sectionsection shall promptly, prompt notice and in writing, notify the other Party of any claim as to which it intends to seek indemnification under this Agreement, and shall take such action as may be necessary to avoid default or other adverse consequences. The indemnified Party shall provide cooperation and participation of its personnel as required for the defense at the cost and expense of the Proceeding shall be given to the party obligated to provide such indemnification. The indemnifying party shall be entitled to take control of the defense, investigation or settlement of the Proceeding and the indemnified party agrees to reasonably cooperate, at the indemnifying party's cost in the ensuing investigations, defense or settlementParty.

Appears in 3 contracts

Sources: Terms of Service, Terms of Service, Terms of Service

Indemnification Procedure. If any Proceeding is commenced against a party entitled to indemnification under this section, prompt notice of the Proceeding shall be given to the party obligated to provide such indemnification. The indemnifying party shall be entitled to take control of the defense, investigation or settlement of the Proceeding and the indemnified party agrees to reasonably cooperate, at the indemnifying party's ’s cost in the ensuing investigations, defense or settlement. Neither party shall be responsible to the other for any special, indirect, or consequential damages.

Appears in 1 contract

Sources: Broker Dealer Agreement (Fintor Assets, LLC)

Indemnification Procedure. If any Proceeding is commenced against a party entitled to indemnification under this section, prompt notice of the Proceeding shall be given to the party obligated to provide such indemnificationindemnification . The indemnifying party shall be entitled to take control of the defense, investigation or settlement of the Proceeding and the indemnified party agrees to reasonably cooperate, at the indemnifying party's cost in the ensuing investigations, defense or settlement.Document Ref: 9BLNJ - NFMZP - NBPVR - UNRT4 Page 5 of 11

Appears in 1 contract

Sources: Broker Dealer Agreement (My Racehorse CA LLC)

Indemnification Procedure. If any Proceeding is commenced against a party entitled to indemnification under this section, prompt notice of the Proceeding shall be given to the party obligated to provide such indemnification. The indemnifying party shall be entitled to take control of the defense, investigation or settlement of the Proceeding and the indemnified party agrees to reasonably cooperate, at the indemnifying party's cost in the ensuing investigations, defense or settlement. 1A-1 4

Appears in 1 contract

Sources: Broker Dealer Agreement (Armed Forces Brewing Company, Inc.)

Indemnification Procedure. If any Proceeding is commenced against a party entitled to indemnification indemnificatson under this section, prompt notice of the Proceeding shall be given to the party obligated to provide such indemnification. The indemnifying party shall be entitled to take control of the defense, investigation investilation or settlement of the Proceeding and the indemnified party agrees to reasonably cooperate, at the indemnifying party's cost in the ensuing investigations, defense or settlement.. 1A-5

Appears in 1 contract

Sources: Broker Dealer Services Agreement (Buffalo Chip Global Inc.)

Indemnification Procedure. If any Proceeding is commenced against a party entitled to indemnification under this section, prompt notice of the Proceeding shall be given to the party obligated to provide such indemnification. The indemnifying party shall be entitled to take control of the defense, investigation or settlement of the Proceeding and the indemnified party agrees to reasonably cooperate, at the indemnifying party's cost in the ensuing investigations, defense or settlement.. 1A-5

Appears in 1 contract

Sources: Broker Dealer Services Agreement (Buffalo Chip Global Inc.)

Indemnification Procedure. If any Proceeding is commenced against a party entitled to indemnification under this section, prompt notice of the Proceeding shall be given to the party obligated to provide such indemnification. The indemnifying party shall be entitled to take control of controlof the defense, investigation or settlement of the Proceeding and the indemnified party agrees to reasonably cooperate, at the indemnifying party's cost in the ensuing investigations, defense or settlement.

Appears in 1 contract

Sources: Broker Dealer Agreement (Arrived Homes II, LLC)

Indemnification Procedure. If any Proceeding is commenced against a party entitled to indemnification under this section, prompt notice of the Proceeding shall be given to the party obligated to provide such indemnification. The indemnifying party shall be entitled to take control of the defense, investigation or settlement of the Proceeding and the indemnified party agrees to reasonably cooperate, at the indemnifying party's ’s cost in the ensuing investigations, defense or settlement.

Appears in 1 contract

Sources: Broker Dealer Agreement (SStarTradeTech Inc.)

Indemnification Procedure. If any Proceeding is commenced against a party entitled to indemnification under this section, prompt notice of the Proceeding shall be given to the party obligated to provide such indemnification. The indemnifying party shall be entitled to take control of the defense, investigation or settlement of the Proceeding and the indemnified party agrees to reasonably cooperate, at the indemnifying party's ’s cost in the ensuing investigations, defense defense, or settlement.

Appears in 1 contract

Sources: Broker Dealer Agreement (Mansion Collection I LLC)