Common use of Indemnification Procedures Clause in Contracts

Indemnification Procedures. Each person entitled to indemnification under this Section 5 (an “Indemnified Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgment.

Appears in 18 contracts

Samples: Securities Subscription Agreement (SQL Technologies Corp.), Securities Subscription Agreement (SQL Technologies Corp.), Stock Purchase Agreement (SQL Technologies Corp.)

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Indemnification Procedures. Each person entitled to indemnification under this Section 5 (an “Indemnified Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of If any action commenced shall be brought against or by it any Indemnified Party in respect of which indemnity may be sought hereunderpursuant to this Agreement, but failure to so such Indemnified Party shall promptly notify an the Indemnifying Party shall not release such Indemnifying Party from any liability that it may havein writing, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, and the Indemnifying Party shall have the right to assume the defense thereof with counsel of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described belowits own choosing. In any such action, any Any Indemnified Party shall have the right to retain its own counselemploy separate counsel in any such action and participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) except to the extent that the employment thereof has been specifically authorized by the Indemnifying Party in writing, the Indemnifying Party has failed after a reasonable period of time to assume such defense and to employ counsel or in such action there is, in the reasonable opinion of such separate counsel, a material conflict on any material issue between the position of the Indemnifying Party and the position of such Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themParty. The Indemnifying Party shall will not be liable to any Indemnified Party under this Article 5 for any settlement of any proceeding by an Indemnified Party effected without its the Indemnifying Party’s prior written consent (consent, which shall not be unreasonably withheld or delayed by such Indemnifying Party)delayed; or to the extent, but if settled with such consent or if there be final judgment for only to the plaintiffextent that a loss, the Indemnifying Party shall indemnify the Indemnified Party from and against any lossclaim, damage or liability by reason of such settlement or judgmentis attributable to any Indemnified Party’s indemnification pursuant to this Article 5.

Appears in 14 contracts

Samples: Share Exchange Agreement (Taxus Pharmaceuticals, Inc.), Share Exchange Agreement (Malex Inc), Share Exchange Agreement (Energroup Holdings Corp)

Indemnification Procedures. Each person entitled If any claim is made by a party which would give rise to a right of indemnification under this Section 5 paragraph, the party seeking indemnification (an “Indemnified Party) shall give will promptly cause notice as promptly as reasonably practicable thereof to each be delivered to the party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be from whom is sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the (Indemnifying Party). Upon such notification, The Indemnified Party will permit the Indemnifying Party shall to assume the defense of any such action if it is a claim brought by a third party, and, if and after such assumption, or any litigation resulting from the claims. Counsel for the Indemnifying Party shall which will conduct the defense must be approved by the Indemnified Party (whose approval will not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such actionunreasonable withheld), any and the Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of may participate in such counsel shall be defense at the expense of the Indemnified Party. The indemnifying Party will not in the defense of any such claim or litigation, consent to entry of any judgment or enter into any settlement without the written consent of the Indemnified Party unless (A) which consent will not be unreasonably withheld). The Indemnified Party will not, in connection with any such claim or litigation, consent to entry of any judgment or enter into any settlement without the written consent of the Indemnifying Party (which consent will not be unreasonable withheld). The Indemnified Party will cooperate fully with the Indemnifying Party and make available to the Indemnifying Party all pertinent information under its control relating to any such claim or litigation. If the Indemnifying Party refuses or fails to conduct the defense as required in this Section, then the Indemnified Party may conduct such defense at the expense of the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both approval of the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall will not be liable required for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason entry of such settlement or judgment.

Appears in 13 contracts

Samples: Stock Purchase Agreement (Green Endeavors, Inc.), Stock Purchase Agreement (Green Endeavors, Inc.), Stock Purchase Agreement (Green Endeavors, Inc.)

Indemnification Procedures. Each person entitled If any claim is made by a party which would give rise to a right of indemnification under this Section 5 paragraph, the party seeking indemnification (an “Indemnified Party) shall give will promptly cause notice as promptly as reasonably practicable thereof to each be delivered to the party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be from whom is sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the (Indemnifying Party). Upon such notification, The Indemnified Party will permit the Indemnifying Party shall to assume the defense of any such action if it is a claim brought by a third party, and, if and after such assumption, or any litigation resulting from the claims. Counsel for the Indemnifying Party shall which will conduct the defense must be approved by the Indemnified Party (whose approval will not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such actionunreasonable withheld), any and the Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of may participate in such counsel shall be defense at the expense of the Indemnified Party. The indemnifying Party will not in the defense of any such claim or litigation, consent to entry of any judgement or enter into any settlement without the written consent of the Indemnified Party unless (A) which consent will not be unreasonably withheld). The Indemnified Party will not, in connection with any such claim or litigation, consent to entry of any judgement or enter into any settlement without the written consent of the Indemnifying Party (which consent will not be unreasonable withheld). The Indemnified Party will cooperate fully with the Indemnifying Party and make available to the Indemnifying Party all pertinent information under its control relating to any such claim or litigation. If the Indemnifying Party refuses or fails to conduct the defense as required in this Section, then the Indemnified Party may conduct such defense at the expense of the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both approval of the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall will not be liable required for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason entry of such settlement or judgmentjudgement.

Appears in 10 contracts

Samples: Stock Purchase Agreement (Kellys Coffee Group Inc), Stock Purchase Agreement (Ameriresource Technologies Inc), Stock Exchange Agreement (Ameriresource Technologies Inc)

Indemnification Procedures. Each person entitled to indemnification under A Landmark Indemnitee or OpCo Indemnitee, as the case may be (for purposes of this Section 5 (9.4, an “Indemnified Party”) ), shall give the indemnifying party under Section 9.1 or Section 9.2, as applicable (for purposes of this Section 9.4, an “Indemnifying Party”), prompt written notice as promptly as reasonably practicable of any matter which it has determined has given or could give rise to each party required to provide a right of indemnification under this Section 5 Agreement, stating the amount of any action commenced against or by it the Loss, if known, and method of computation thereof, containing a reference to the provisions of this Agreement in respect of which indemnity may be sought hereundersuch right of indemnification is claimed or arises; provided, but however, that the failure to so notify an Indemnifying Party provide such notice shall not release such the Indemnifying Party from its obligations under this Article 9 except to the extent the Indemnifying Party is prejudiced by such failure. In connection with any liability that it may haveclaim giving rise to indemnity hereunder resulting from or arising out of any Action by a Person who is not a party to this Agreement, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, at its sole cost and expense and upon written notice to the Indemnifying Party shall Indemnified Party, may assume the defense of any such action if it is a claim brought by a third partyAction with counsel reasonably satisfactory to the Indemnified Party. The Indemnified Party shall be entitled to participate in the defense of any such Action, and, if with its counsel and after such assumption, at its own cost and expense. If the Indemnifying Party does not assume the defense of any such Action, the Indemnified Party may, but shall not be entitled obligated to, defend against such Action in such manner as it may deem appropriate, including, but not limited to, settling such Action, after giving notice of it to reimbursement of any expenses incurred the Indemnifying Party, on such terms as the Indemnified Party may deem appropriate and no action taken by it the Indemnified Party in connection accordance with such action except as described below. In any such action, any Indemnified Party defense and settlement shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) relieve the Indemnifying Party and the Indemnified Party shall have mutually agreed of its indemnification obligations herein provided with respect to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themdamages resulting therefrom. The Indemnifying Party shall not be liable for settle any settlement of any proceeding effected Action without its the Indemnified Party’s prior written consent (which consent shall not be unreasonably withheld or delayed by such Indemnifying Partydelayed), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgment.

Appears in 9 contracts

Samples: Asset Purchase Agreement (Landmark Infrastructure Partners LP), Asset Purchase Agreement (Landmark Infrastructure Partners LP), Asset Purchase Agreement

Indemnification Procedures. Each person entitled to indemnification The Party claiming indemnity under this Section 5 Article 11 (an the “Indemnified Party”) shall give written notice as to the Party from whom indemnity is being sought (the “Indemnifying Party”) promptly as reasonably practicable to each party required to provide indemnification under this Section 5 after learning of any the claim, suit, proceeding or cause of action commenced against or by it in respect of for which indemnity may be is being sought hereunder, but failure to so notify an (“Claim”). The Indemnified Party shall provide the Indemnifying Party shall not release such Indemnifying Party from any liability that it may havewith reasonable assistance, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of at the Indemnifying Party’s expense, in connection with the defense of the Claim for which indemnity is being sought. Upon The Indemnified Party may participate in and monitor such notificationdefense with counsel of its own choosing at its sole expense; provided, however, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain assume and conduct the defense of the Claim with counsel of its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themchoice. The Indemnifying Party shall not settle any Claim without the prior written consent of the Indemnified Party, not to be liable for unreasonably withheld, unless the settlement involves only the payment of money. So long as the Indemnifying Party is actively defending the Claim in good faith, the Indemnified Party shall not settle any such Claim without the prior written consent of the Indemnifying Party. If the Indemnifying Party does not assume and conduct the defense of the Claim as provided above, (a) the Indemnified Party may defend against, and consent to the entry of any judgment or enter into any settlement of with respect to the Claim in any proceeding effected without its written manner the Indemnified Party may deem reasonably appropriate (and the Indemnified Party need not consult with, or obtain any consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintifffrom, the Indemnifying Party shall in connection therewith), and (b) the Indemnifying Party will remain responsible to indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentas provided in this Article 11.

Appears in 7 contracts

Samples: Development and Commercialization Agreement (Fibrogen Inc), Development and Commercialization Agreement (Fibrogen Inc), License, Development and Commercialization Agreement

Indemnification Procedures. Each In case any proceeding (including any governmental investigation) shall be instituted involving any person entitled in respect of which indemnity may be sought pursuant to indemnification under this Section 5 9, such person (an “Indemnified Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of any action commenced notify the person against or by it in respect of which whom such indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced (the position of the Indemnifying Party. Upon such notification, ”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to such action if it is a claim brought by a third partyIndemnified Party, and, if and after such assumption, shall assume the payment of all fees and expenses; provided that the failure of any Indemnified Party so to notify the Indemnifying Party shall not be entitled relieve the Indemnifying Party of its obligations hereunder except to reimbursement of any expenses incurred the extent (and only to the extent that) that the Indemnifying Party is materially prejudiced by it in connection with such action except as described belowfailure to notify. In any such actionproceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (Ai) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, retention of such counsel or (Bii) in the named parties in any reasonable judgment of such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties (including in the case of Holder, all of its officers, directors and controlling persons) and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, the Indemnified Parties shall designate such firm in writing to the Indemnifying Party. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which consent shall not be unreasonably withheld or delayed by such Indemnifying Partydelayed), but if settled with such consent consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify the and hold harmless such Indemnified Party Parties from and against any loss, damage loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability arising out of such proceeding.

Appears in 7 contracts

Samples: Accident Prevention Plus Inc, Accident Prevention Plus Inc, BioMETRX

Indemnification Procedures. Each person entitled to Promptly after receipt by the Insurance Company or State Street of notice of a matter that may be covered under the indemnification under this provisions of Section 5 5.1 or 5.3, as applicable (an each, a Indemnified PartyClaim”), the party making a claim for indemnification (the “Claimant”) shall give notice as promptly as reasonably practicable to each notify the other party required to provide from which the Claimant is seeking indemnification under this Section 5 (the “Indemnitor”); provided, however, that a delay by Claimant in notifying Indemnitor of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party a Claim shall not release permit Indemnitor to avoid its indemnification obligations hereunder except to the extent Indemnitor is actually prejudiced by such Indemnifying Party from any liability that delay. The Claimant shall provide the Indemnitor with complete details and pleadings requested by the Indemnitor concerning the Claim and shall cooperate fully and in good faith with the Indemnitor in investigating and defending the Claim. The Indemnitor will be entitled to timely participate at its own expense in the defense, or, if it may haveso elects, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall to assume the defense of any suit brought to enforce any liability subject to the indemnification provided above. In the event the Indemnitor elects to assume the defense of any such action if it is a claim brought by a third party, and, if suit and after such assumptionretain counsel, the Indemnifying Party Claimant and/or any of its affiliated persons named as defendant or defendants in the suit may retain additional counsel but Claimant shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but bear the fees and expenses of such counsel unless the Indemnitor shall be at have specifically authorized the expense retaining of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party counsel. The Claimant shall have mutually agreed to the contrary, in no event confess any claim or (B) the named parties settle or make any compromise in any such action (including any impleaded parties) include both case in which the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would Indemnitor may be inappropriate due required to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentClaimant except with the Indemnitor’s prior written consent.

Appears in 6 contracts

Samples: Investment Accounting Agreement (Tiaa Cref Life Separate Account Va-1), Investment Accounting Agreement (Tiaa-Cref Life Separate Account Vli-1), Investment Accounting Agreement (Tiaa Cref Life Separate Account Va-1)

Indemnification Procedures. Each person (a) Promptly after any party entitled to indemnification under this Section 5 12 (an “Indemnified Party”"Indemnitee") shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 obtains knowledge of any action commenced against the potential existence or by it commencement of a Claim, in respect of which indemnity Indemnitee is or may be sought hereunderentitled to indemnification under this Agreement, but such Indemnitee will promptly notify the other party ("Indemnitor") of such Claim in writing; provided, however, that any failure to so notify an Indemnifying Party shall give such notice will not release such Indemnifying Party from waive any liability rights of Indemnitee except to the extent that it may have, otherwise than on account the rights of this indemnity agreement so long as such failure shall not have materially Indemnitor are actually prejudiced the position of the Indemnifying Partythereby. Upon such notification, the Indemnifying Party shall Indemnitor will assume the defense and settlement of such action if it is a claim brought by a third partyClaim with counsel reasonably satisfactory to Indemnitee at Indemnitor's sole risk and expense; provided, andhowever, if that Indemnitee (i) will be permitted to join in the defense and after settlement of such assumption, Claim and to employ counsel at its own expense; (ii) will reasonably cooperate with Indemnitor in the Indemnifying Party shall not be entitled to reimbursement defense and any settlement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall Claim; and (iii) will have the right to retain its own counsel, but the fees and expenses of pay or settle such counsel shall Claim at any time in which event Indemnitee will be at the expense of deemed to have waived any right to indemnification therefor by Indemnitor. Indemnitor may settle any Claim without Indemnitee's written consent unless such Indemnified Party unless settlement (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or does not include a release of all covered claims pending against Indemnitee; (B) the named parties in contains an admission of liability or wrongdoing by Indemnitee; or (C) imposes any such action (including obligations upon Indemnitee other than an obligation to stop using any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentinfringing items.

Appears in 6 contracts

Samples: Development, License and Hosting Agreement (Orbitz Inc), Development, License and Hosting Agreement (Orbitz Inc), Development, License and Hosting Agreement (Orbitz Inc)

Indemnification Procedures. Each person entitled to indemnification under this Section 5 6 (for the purpose of this Section 6(f) only, an “Indemnified Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 6 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (Ai) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, contrary or (Bii) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgment.

Appears in 6 contracts

Samples: Subscription Agreement (BioPharmX Corp), Subscription Agreement (BioPharmX Corp), Escrow Agreement (Islet Sciences, Inc)

Indemnification Procedures. Each person Person entitled to indemnification under this Section 5 (an "Indemnified Party") shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 (an "Indemnifying Party") of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release relieve such Indemnifying Party from any liability that it may have, have otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, assumption the Indemnifying Indemnified Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (Ai) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, contrary or (Bii) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgment.

Appears in 6 contracts

Samples: Subscription Agreement (Loudeye Corp), Subscription Agreement (Lendingtree Inc), Subscription Agreement (Lendingtree Inc)

Indemnification Procedures. Each person entitled to indemnification under this Section 5 In case any proceeding (an “Indemnified Party”including any -------------------------- governmental investigation) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of be instituted involving any action commenced against or by it Person in respect of which indemnity may be sought hereunderpursuant to either paragraph (a) or (b) above, but such Person (the "indemnified party") shall promptly notify the Person against whom such indemnity may be sought (the "indemnifying party") in writing and the indemnifying party shall retain counsel reasonably satisfactory to the indemnified party to represent the indemnified party and any others the indemnifying party may designate in such proceedings and shall pay the fees and disbursements of such counsel relating to such proceeding. The failure or delay of an indemnified party to so notify an Indemnifying Party the indemnifying party with respect to a particular proceeding shall not release such Indemnifying Party relieve the indemnifying party from any obligation or liability that which it may have, otherwise than on account of have pursuant to this indemnity agreement so long as Agreement if the indemnifying party is not prejudiced by such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described belowor delay. In any such actionproceeding, any Indemnified Party indemnified party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themindemnified party. The Indemnifying Party indemnifying party shall not be liable for any settlement of any proceeding effected without its written consent. No indemnifying party shall, without the prior written consent of any indemnified party (which consent shall not be unreasonably withheld withheld), effect any settlement of any pending or delayed threatened proceeding in respect of which such indemnified party is a party and indemnity could have been sought hereunder by such Indemnifying Party)indemnified party, but if settled with unless such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason settlement includes an unconditional release of such settlement or judgmentindemnified party from all liability on all claims that are the subject matter of such proceeding.

Appears in 6 contracts

Samples: Registration Rights Agreement (Mac-Gray Corp), Registration Rights Agreement (Monroe Inc), Registration Rights Agreement (Monroe Inc)

Indemnification Procedures. Each person entitled (a) If an indemnified party shall desire to assert any claim for indemnification provided for under this Section 5 5.8 in respect of, arising out of or involving a Claim against the indemnified party, such indemnified party shall notify the Company or the Amneal Group Member, as the case may be (an the Indemnified Indemnifying Party”), in writing of such Claim, the amount or the estimated amount of damages sought thereunder to the extent then ascertainable (which estimate shall not be conclusive of the final amount of such Claim), any other remedy sought thereunder, any relevant time constraints relating thereto and, to the extent practicable, any other material details pertaining thereto (a “Claim Notice”) shall give promptly after receipt by such indemnified party of written notice as promptly as reasonably practicable to each party required of the Claim; provided, however, that failure to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party a Claim Notice shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced affect the position of indemnification obligations provided hereunder except to the Indemnifying Party. Upon such notification, extent the Indemnifying Party shall assume the defense have been materially prejudiced as a result of such action if it is a claim brought failure. The indemnified party shall deliver to the Indemnifying Party, promptly after the indemnified party’s receipt thereof, copies of all notices and documents (including court papers) received by a third partythe indemnified party relating to the Claim; provided, andhowever, if and after that failure to provide any such assumption, copies shall not affect the indemnification obligations provided hereunder except to the extent the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except have been materially prejudiced as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses a result of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentfailure.

Appears in 5 contracts

Samples: Stockholders Agreement (Amneal Pharmaceuticals, Inc.), Stockholders Agreement (Atlas Holdings, Inc.), Stockholders Agreement (Impax Laboratories Inc)

Indemnification Procedures. Each person party entitled to indemnification under this Section 5 7 (an the “Indemnified Party”) shall give notice as promptly as reasonably practicable to each the party required to provide indemnification under this Section 5 (the “Indemnifying Party”) promptly after such Indemnified Party has actual knowledge of any action commenced against or by it in respect of claim as to which indemnity may be sought hereundersought, but failure to so notify an Indemnifying Party and shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, permit the Indemnifying Party shall to assume the defense of any such action if it is a claim brought by a third party, and, if and after such assumption, or any litigation resulting therefrom; provided that counsel for the Indemnifying Party proposed to conduct the defense of such claim or litigation shall be approved by the Indemnified Party (whose approval shall not be entitled to reimbursement unreasonably withheld), and the Indemnified Party may participate in such defense at such Indemnified Party’s election and expense; provided further, that the failure of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its obligations hereunder, unless such failure resulted in prejudice to the Indemnifying Party; and provided further, that an Indemnified Party (together with all other Indemnified Parties which may be represented without conflict by one counsel) shall have the right to retain its own one separate counsel, but with the fees and expenses of such counsel shall to be at paid by the expense Indemnifying Party, if representation of such Indemnified Party unless (A) by the counsel retained by the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying such Indemnified Party shall not be liable and any other party represented by counsel for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify in such proceeding. No Indemnifying Party, in the defense of any such claim or litigation, shall, except with the consent of each Indemnified Party Party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to all Indemnified Parties of a release from and against any loss, damage all liability in respect to such claim or liability by reason of such settlement or judgmentlitigation.

Appears in 5 contracts

Samples: Registration Rights Agreement (Macquarie Infrastructure Holdings, LLC), Registration Rights Agreement (Macquarie Infrastructure Holdings, LLC), Registration Rights Agreement (Macquarie Infrastructure Co LLC)

Indemnification Procedures. Each person entitled to indemnification under this Section 5 (an “a) If any action, proceeding, litigation or claim shall be brought or asserted against any Indemnified Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of Party for any action commenced against or by it in respect of matter which indemnity may be sought hereunderthe Indemnified Parties are indemnified hereunder (each, but failure to so notify an Indemnifying a "Claim"), Indemnified Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure notify Indemnitors in writing thereof and Indemnitors shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall promptly assume the defense thereof, including, without limitation, the employment of counsel acceptable to such Indemnified Party and the negotiation of any settlement. Any failure of such action if it is a claim brought by a third party, and, if and after Indemnified Party to notify Indemnitors of such assumption, the Indemnifying Party matter shall not be entitled to reimbursement impair or reduce the obligations of any expenses incurred by it in connection with such action except as described belowIndemnitors hereunder. In any such action, any The Indemnified Party Parties shall have the right to retain its own counselright, but the fees and expenses of such counsel shall be at the expense of such Indemnitors (which expense shall be included in Costs), if an Indemnified Party unless (A) has reason to believe that its interests are not being adequately represented or diverge from other interests being represented by such counsel, to employ separate counsel in any such action and to participate in the Indemnifying defense thereof. In the event Indemnitors shall fail to discharge or undertake to defend any Indemnified Party against any Claim, such failure shall constitute an Event of Default and the Indemnified Party may, at its sole election, defend or settle such Claim. The liability of Indemnitors to such Indemnified Party hereunder for any settlement by such Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in be conclusively established by any such action (including any impleaded parties) include both the Indemnifying Party and settlement entered into by the Indemnified Party in good faith, and representation such good faith shall be conclusively established if the settlement is made on the advice of both parties independent legal counsel for the Indemnified Party. The amount of Indemnitors' liability hereunder shall include the settlement consideration and all other Costs, which shall be paid by the same counsel would Indemnitors as hereinafter provided. Costs incurred in connection with a Claim shall be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement reimbursed by Indemnitors without the requirement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment waiting for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason ultimate outcome of such settlement or judgmentClaim.

Appears in 5 contracts

Samples: Environmental Indemnity (Wilshire Oil Co of Texas), Environmental Indemnity (Wilshire Oil Co of Texas), Wilshire Oil Co of Texas

Indemnification Procedures. Each person entitled If any claim is made by a party which would give rise to a right of indemnification under this Section 5 paragraph, the party seeking indemnification (an “Indemnified Party) shall give will promptly cause notice as promptly as reasonably practicable thereof to each be delivered to the party required to provide from whom indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be is sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the (Indemnifying Party). Upon such notification, The Indemnified Party will permit the Indemnifying Party shall to assume the defense of any such action if it is a claim brought by a third party, and, if and after such assumption, or any litigation resulting from the claims. Counsel for the Indemnifying Party shall which will conduct the defense must be approved by the Indemnified Party (whose approval will not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such actionunreasonable withheld), any and the Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of may participate in such counsel shall be defense at the expense of the Indemnified Party. The Indemnifying Party will not in the defense of any such claim or litigation, consent to entry of any judgement or enter into any settlement without the written consent of the Indemnified Party unless (A) which consent will not be unreasonably withheld). The Indemnified Party will not, in connection with any such claim or litigation, consent to entry of any judgement or enter into any settlement without the written consent of the Indemnifying Party (which consent will not be unreasonably withheld). The Indemnified Party will cooperate fully with the Indemnifying Party and make available to the Indemnifying Party all pertinent information under its control relating to any such claim or litigation. If the Indemnifying Party refuses or fails to conduct the defense as required in this Section, then the Indemnified Party may conduct such defense at the expense of the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both approval of the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall will not be liable required for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason entry of such settlement or judgmentjudgement.

Appears in 5 contracts

Samples: Stock Purchase Agreement (Kellys Coffee Group Inc), Stock Purchase Agreement (Cyberamerica Corp), Stock Purchase Agreement (Cyberbotanical Inc)

Indemnification Procedures. Each person entitled (a) If an indemnified party shall desire to assert any claim for indemnification provided for under this Section 5 6.6 in respect of, arising out of or involving a Claim against the indemnified party, such indemnified party shall notify the Company or the Shareholder, as the case may be (an the Indemnified Indemnifying Party”), in writing of such Claim, the amount or the estimated amount of damages sought thereunder to the extent then ascertainable (which estimate shall not be conclusive of the final amount of such Claim), any other remedy sought thereunder, any relevant time constraints relating thereto and, to the extent practicable, any other material details pertaining thereto (a “Claim Notice”) shall give promptly after receipt by such indemnified party of written notice as promptly as reasonably practicable to each party required of the Claim; provided, however, that failure to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party a Claim Notice shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced affect the position of indemnification obligations provided hereunder except to the Indemnifying Party. Upon such notification, extent the Indemnifying Party shall assume the defense have been materially prejudiced as a result of such action if it is a claim brought failure. The indemnified party shall deliver to the Indemnifying Party, promptly after the indemnified party’s receipt thereof, copies of all notices and documents (including court papers) received by a third partythe indemnified party relating to the Claim; provided, andhowever, if and after that failure to provide any such assumption, copies shall not affect the indemnification obligations provided hereunder except to the extent the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except have been materially prejudiced as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses a result of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentfailure.

Appears in 4 contracts

Samples: Shareholder’s Agreement, S Agreement (Elan Corp PLC), Shareholder’s Agreement (Alkermes Plc.)

Indemnification Procedures. Each person entitled to If a third party asserts any claim or allegation which, if proven, would trigger the indemnification under this Section 5 (an “Indemnified Party”) obligations set forth in paragraphs 12.1 and 12.2, the indemnifying party shall give notice as be notified promptly as reasonably practicable to each of such claim by the indemnified party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position and given control of the Indemnifying Partydefense and/or settlement thereof. Upon such notification, After notice from the Indemnifying Party shall indemnifying party to the indemnified party of its election to assume the defense of such action if it is a claim brought by a third party, and, if and after such assumptionor action, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party indemnifying party shall not be liable to the indemnified party under this paragraph 12 for any legal or other expenses subsequently incurred by the indemnified party in connection with the defense thereof. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any pending or threatened proceeding effected without its written in respect of which any indemnified party is a party and indemnity could have been sought hereunder by such indemnified party, unless such settlement includes an unconditional release of such indemnified party from all such liability on claims that are the subject matter of such proceeding. Moreover Developer shall not, in the absence of the consent of Publisher (which shall not be unreasonably withheld or delayed by such Indemnifying Partydelayed), but if settled effect any settlement of any pending, threatened or actual proceeding or claim which has the effect of compromising in any way the rights, interests and licenses in the Product or the license granted to Publisher hereunder. The foregoing provisions of this paragraph 12 state the entirety of the parties’ obligations with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against respect to any loss, damage or liability claim by reason of such settlement or judgmentany third party.

Appears in 4 contracts

Samples: Edmonds 1 Inc., Edmonds 1 Inc., Red Mile Entertainment Inc

Indemnification Procedures. Each person entitled to Promptly after receipt by the Fund or Custodian of notice of a matter that may be covered under the indemnification under this provisions of Section 5 15.1 or 15.4, as applicable (an Indemnified PartyClaim”), such party (“Claimant”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 notify the other (“Indemnitor”); provided, however, that a delay by Claimant in notifying Indemnitor of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party a Claim shall not release permit Indemnitor to avoid its indemnification obligations hereunder except to the extent Indemnitor is actually prejudiced by such Indemnifying Party from any liability that delay. The Claimant shall provide the Indemnitor with such complete details and pleadings as are requested by the Indemnitor concerning the Claim and shall cooperate fully and in good faith with the Indemnitor in investigating and defending the Claim. The Indemnitor will be entitled to participate at its own expense in the defense, or, if it may haveso elects, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall to assume the defense of any suit brought to enforce any liability subject to the indemnifications provided in Section 15.1 or 15.4, as applicable. In the event the Indemnitor elects to assume the defense of any such action if it is a claim brought by a third party, and, if suit and after such assumptionretain counsel, the Indemnifying Party Claimant and/or any of its affiliated persons named as defendant or defendants in the suit may retain additional counsel but shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but bear the fees and expenses of such counsel unless the Indemnitor shall be at have specifically authorized the expense retaining of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party counsel. The Claimant shall have mutually agreed to the contrary, in no event confess any claim or (B) the named parties settle or make any compromise in any such action (including any impleaded parties) include both case in which the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would Indemnitor may be inappropriate due required to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentClaimant except with the Indemnitor’s prior written consent.

Appears in 4 contracts

Samples: Master Custodian Agreement (College Retirement Equities Fund), Master Custodian Agreement (Tiaa Cref Life Fund), Master Custodian Agreement (Tiaa Separate Account Va 1)

Indemnification Procedures. Each person entitled to indemnification under this Section 5 (an “Indemnified Party”) shall give Party shall, upon receipt of written notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of any claim or the service of any summons or other initial legal process upon it in any action commenced instituted against or by it it, in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this the indemnity agreement so long as contained in Section 2.2 hereof, promptly give written notice of such claim, but in any event within 10 business days after receipt of such notice by the Indemnified Party, or the commencement of such action to the Trust; provided, however, that the failure to promptly provide such notice within such time period shall not have materially affect the rights of such Indemnified Party to indemnification hereunder except to the extent the Trust is prejudiced the position of the Indemnifying Partythereby. Upon such notification, the Indemnifying Party The Trust shall assume the defense of such action claim or action, and (i) such defense shall be conducted by counsel chosen by the Trust, which counsel shall be reasonably satisfactory to the Indemnified Party against whom the claim is asserted or who is the defendant in such action, and (ii) such Indemnified Party may retain additional counsel; provided, however, that such Indemnified Party shall bear all of the fees and expenses of any counsel retained by it, except that if it is a claim brought by a third party, and, if an actual conflict of interest exists between the Trust and after such assumptionan Indemnified Party, the Indemnifying Party Trust will pay the reasonable fees and expenses of any counsel reasonably satisfactory to the Trust retained by such Indemnified Party. The Trust shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In settle or compromise any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be claim or action unless at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason time of such settlement or judgmentand compromise such liability is fully satisfied by the Trust.

Appears in 4 contracts

Samples: Supplemental Agreement (Johns Manville Corp /New/), Supplemental Agreement (Manville Personal Injury Settlement Trust), Supplemental Agreement (Johns Manville Corp /New/)

Indemnification Procedures. Each person entitled to indemnification under this Section 5 (an “Indemnified Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (Ai) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, contrary or (Bii) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgment.

Appears in 4 contracts

Samples: Financing Agreement (Golden Properties Ltd.), Financing Agreement (Abtech Holdings, Inc.), Securities Purchase Agreement (Fuse Medical, Inc.)

Indemnification Procedures. Each person entitled Lender shall promptly notify CSO of any suit or threat of suit of which Lender becomes aware which may give rise to a right to indemnification under this Section 5 Agreement but in any event within THIRTY (an “Indemnified Party”30) shall give notice as promptly as reasonably practicable to each party required days of the discovery of such claim; provided, however, that the failure of Lender alleging a right of indemnity hereunder to provide indemnification under this Section 5 prompt notice to CSO shall relieve CSO of any action commenced against or by it in respect of which indemnity may be sought hereunder, but its obligations hereunder only to the extent that CSO can prove that such failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have provide prompt notice actually and materially prejudiced the position rights of CSO. CSO shall promptly reimburse Lender for all Damages incurred by Lender (including Damages incurred in advance of the Indemnifying Party. Upon final disposition of the underlying claim), shall bear all expenses in defending any such notificationclaim or matter, and shall be entitled to participate in the Indemnifying Party shall assume the settlement or defense of such action if it is a claim brought by a third party, any matter for which Lender seeks indemnity hereunder and, if CSO elects, to take over and after such assumption, control the Indemnifying Party shall not be entitled to reimbursement defense and settlement thereof utilizing counsel of any expenses incurred by it its choice in connection consultation with such action except as described below. In any such action, any Indemnified Party Lender (in which case Lender shall have the right to retain employ separate counsel of its own counselchoice, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themCSO). The Indemnifying Party shall CSO may not be liable for any enter into a final settlement of any proceeding effected claim or matter without its written the prior consent (of Lender, which consent shall not be unreasonably withheld or delayed by delayed; provided that Lender’s withholding of or delaying consent shall not be deemed unreasonable if the proposed settlement arrangement allocates liability or financial obligations directly to Lender. In all cases, Lender and CSO shall cooperate and assist each other in all reasonable respects in the defense and settlement of any such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentaction.

Appears in 4 contracts

Samples: Special Limited Agency Agreement (CURO Group Holdings Corp.), Special Limited Agency Agreement (CURO Group Holdings Corp.), Special Limited Agency Agreement (CURO Group Holdings Corp.)

Indemnification Procedures. Each person entitled to Any BVL Indemnitees or Customer Indemnitees (collectively, “Indemnitees”) seeking indemnification under this Section 5 8.1 or 8.2, agrees to notify the indemnifying Party within ten (an “Indemnified Party”10) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 business days of receipt of any action commenced against Claims, demands or by it in respect threats of suit for which indemnity such Party may be sought hereunderliable under Section 8.1 or 8.2 as the case may be; provided, but however, that failure to so notify an Indemnifying Party give such notification shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced affect the position of indemnification to be provided hereunder except to the Indemnifying Party. Upon such notification, extent the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified indemnifying Party shall have the right to retain its own counsel, but the fees and expenses been actually prejudiced as a result of such counsel shall be at failure (except that the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying indemnifying Party shall not be liable for any expenses incurred during the period in which the Indemnitee(s) failed to give such notice). The indemnifying Party shall have the right, but not the obligation, to defend, to employ counsel of its choosing, to control, to negotiate, and to settle such claims; provided, however, that the Indemnitee(s) shall be entitled to participate in the defense of such matter and to employ counsel at its expense to assist therein. The Indemnitee(s) shall provide the indemnifying Party with such information and assistance as the indemnifying Party may reasonably request, at the expense of the indemnifying Party. The Parties understand that no insurance deductible shall be credited against losses for which a Party is responsible under this Article 8. No indemnifying Party under Section 8.1 or 8.2 may compromise or settle any Claim or pay any settlement amount in the connection with the compromise or settlement of any proceeding effected Claim without its the prior written consent (which shall of Indemnitee, such written consent not to be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentdelayed.

Appears in 4 contracts

Samples: Transition Services Agreement (Lantheus Medical Imaging, Inc.), Transition Services Agreement (Lantheus Medical Imaging, Inc.), Transition Services Agreement (Lantheus Medical Imaging, Inc.)

Indemnification Procedures. Each person entitled (a) In the case of any Proceeding with respect to indemnification which Sprint (the “Indemnifying Party”) is obligated under this Section 5 Article 13 to indemnify any NewCo Indemnified Person (an as the case may be, the “Indemnified Party”) shall ), the Indemnified Party will give prompt written notice as promptly as reasonably practicable thereof to each party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notificationIn the event of any Proceeding asserted by any third party (a “Third Party Claim”), the Indemnifying Party shall may assume the defense of such action if it is a claim brought Third Party Claim by a third party, and, if and employment of counsel reasonably satisfactory to the Indemnified Party no later than 30 days after such assumption, the date of the notice. The Indemnified Party’s delay or failure to notify timely the Indemnifying Party shall will not be entitled relieve the Indemnifying Party of its obligations under this Article 13, except to reimbursement of any expenses incurred by the extent the delay has an adverse impact on the Indemnifying Party’s ability to defend against the Damages. If the Indemnifying Party does assume the defense, the Indemnified Party may, if it in connection with such action except as described belowso desires, employ counsel at its own expense. In any such actionaddition, any where the named parties to a Proceeding include both the Indemnifying Party and an Indemnified Party, the Indemnified Party shall have the right be entitled to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnifying Party’s expense, where the Indemnified Party unless (A) has been advised by counsel that there are conflicts of interest between the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and which make representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentappropriate.

Appears in 4 contracts

Samples: Transaction Agreement, Transaction Agreement (New Clearwire CORP), Transaction Agreement (Clearwire Corp)

Indemnification Procedures. Each person In any case under this Agreement where one party has indemnified the other against any claim or legal action, indemnification will be conditioned on compliance with the procedure outlined below. Provided that prompt notice is given of any claim or suit for which indemnification might be claimed, the indemnifying party promptly will defend, contest or otherwise protect against any such claim or suit (including by way of settlement and release) at its own cost and expense. The indemnified party may, but will not be obligated to, participate at its own expense in a defense thereof by counsel of its own choosing, but the indemnifying party will be entitled to indemnification under this Section 5 (an “Indemnified Party”) shall give notice as promptly as reasonably practicable control the defense unless the indemnified party has relieved the indemnifying party from liability with respect to each the particular matter. If the indemnifying party required fails timely to provide indemnification under this Section 5 of defend, contest or otherwise protect against any action commenced against such claim or by it in respect of which indemnity may be sought hereundersuit, the indemnified party may, but failure to so notify an Indemnifying Party shall will not release be obligated to, defend, contest or otherwise protect against the same, and make any compromise or settlement thereof and recover the entire costs thereof from the indemnifying party, including reasonable attorneys fees, disbursements and all amounts paid as a result of such Indemnifying Party from any liability claim or suit or the compromise or settlement thereof; provided, however, that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced if the position of indemnifying party undertakes the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the timely defense of such action if it is a claim brought by a third party, and, if and after such assumptionmatter, the Indemnifying Party shall indemnified party will not be entitled to reimbursement of any expenses recover from the indemnifying party its costs incurred by it in the defense thereof. The indemnified party will cooperate and provide such assistance as the indemnifying party may reasonably request in connection with such action except as described below. In any such action, any Indemnified Party shall have the right defense of the matter subject to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentindemnification.

Appears in 4 contracts

Samples: Asset Purchase Agreement (First Horizon Pharmaceutical Corp), Asset Purchase Agreement (First Horizon Pharmaceutical Corp), Asset Purchase Agreement (First Horizon Pharmaceutical Corp)

Indemnification Procedures. Each person entitled to If a third party asserts any claim or allegation which, if proven, would trigger the indemnification under this Section 5 (an “Indemnified Party”) obligations set forth in paragraphs 9.1 and 9.2, the indemnifying party shall give notice as be notified promptly as reasonably practicable to each of such claim by the indemnified party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position and given control of the Indemnifying Partydefense and/or settlement thereof. Upon such notification, After notice from the Indemnifying Party shall indemnifying party to the indemnified party of its election to assume the defense of such action if it is a claim brought by a third party, and, if and after such assumptionor action, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party indemnifying party shall not be liable to the indemnified party under this paragraph 9 for any legal or other expenses subsequently incurred by the indemnified party in connection with the defense thereof. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any pending or threatened proceeding effected without its written in respect of which any indemnified party is a party and indemnity could have been sought hereunder by such indemnified party, unless such settlement includes an unconditional release of such indemnified party from all such liability on claims that are the subject matter of such proceeding. Moreover Developer shall not, in the absence of the consent of Publisher (which shall not be unreasonably withheld or delayed by such Indemnifying Partydelayed), but if settled effect any settlement of any pending, threatened or actual proceeding or claim which has the effect of compromising in any way the rights, interests and licenses in the Product or the license granted to Publisher hereunder. The foregoing provisions of this paragraph 9 state the entirety of the parties’ obligations with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against respect to any loss, damage or liability claim by reason of such settlement or judgmentany third party.

Appears in 4 contracts

Samples: Software Development and Licensing Agreement (Edmonds 1 Inc.), Software Development and Licensing Agreement (Red Mile Entertainment Inc), Software Development and Licensing Agreement (Edmonds 1 Inc.)

Indemnification Procedures. Each person entitled to indemnification under this Section 5 (an “Indemnified Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of If any action commenced will be brought against or by it any party in respect of which indemnity may be sought hereunderpursuant to this Agreement (the "Indemnified Party"), but failure to so such Indemnified Party will promptly notify an Indemnifying Party shall not release such Indemnifying Party the party from any liability that it may have, otherwise than on account of this whom indemnity agreement so long as such failure shall not have materially prejudiced is being sought (the position of the "Indemnifying Party. Upon such notification") in writing, and the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall will have the right to retain assume the defence thereof with counsel of its own counselchoosing. Any Indemnified Party will have the right to employ separate counsel in any such action and participate in the defence thereof, but the fees and expenses of such counsel shall will be at the expense of such Indemnified Party unless (A) except to the extent that the employment thereof has been specifically authorized by the Indemnifying Party in writing, the Indemnifying Party has failed after a reasonable period of time to assume such defence and to employ counsel or in such action there is, in the reasonable opinion of such separate counsel, a material conflict on any material issue between the position of the Indemnifying Party and the position of such Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themParty. The Indemnifying Party shall will not be liable to any Indemnified Party under this Section 12 for any settlement of any proceeding by an Indemnified Party effected without its the Indemnifying Party's prior written consent, which consent (which shall will not be unreasonably withheld withheld, conditioned or delayed by such Indemnifying Party)delayed; or to the extent, but if settled with such consent or if there be final judgment for only to the plaintiffextent that a loss, the Indemnifying Party shall indemnify the Indemnified Party from and against any lossclaim, damage or liability by reason of such settlement or judgmentis attributable to any Indemnified Party's indemnification pursuant to this Section 12.

Appears in 4 contracts

Samples: Share Exchange Agreement, Share Exchange Agreement, Share Exchange Agreement

Indemnification Procedures. Each person entitled to Promptly after receipt by the Fund or State Street of notice of a matter that may be covered under the indemnification under this provisions of Section 5 5.1 or 5.3, as applicable (an each, a Indemnified PartyClaim”), the party making a claim for indemnification (the “Claimant”) shall give notice as promptly as reasonably practicable to each notify the other party required to provide from which the Claimant is seeking indemnification under this Section 5 (the “Indemnitor”); provided, however, that a delay by Claimant in notifying Indemnitor of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party a Claim shall not release permit Indemnitor to avoid its indemnification obligations hereunder except to the extent Indemnitor is actually prejudiced by such Indemnifying Party from any liability that delay. The Claimant shall provide the Indemnitor with complete details and pleadings requested by the Indemnitor concerning the Claim and shall cooperate fully and in good faith with the Indemnitor in investigating and defending the Claim. The Indemnitor will be entitled to timely participate at its own expense in the defense, or, if it may haveso elects, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall to assume the defense of any suit brought to enforce any liability subject to the indemnification provided above. In the event the Indemnitor elects to assume the defense of any such action if it is a claim brought by a third party, and, if suit and after such assumptionretain counsel, the Indemnifying Party Claimant and/or any of its affiliated persons named as defendant or defendants in the suit may retain additional counsel but Claimant shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but bear the fees and expenses of such counsel unless the Indemnitor shall be at have specifically authorized the expense retaining of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party counsel. The Claimant shall have mutually agreed to the contrary, in no event confess any claim or (B) the named parties settle or make any compromise in any such action (including any impleaded parties) include both case in which the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would Indemnitor may be inappropriate due required to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentClaimant except with the Indemnitor’s prior written consent.

Appears in 4 contracts

Samples: Investment Accounting Agreement (College Retirement Equities Fund), Investment Accounting Agreement (Tiaa Separate Account Va 1), Mutual Confidentiality Agreement (Tiaa Cref Institutional Mutual Funds)

Indemnification Procedures. Each person entitled The indemnified Party shall notify the indemnifying Party in writing promptly upon becoming aware of any Claim to which such indemnification under this Section 5 (an “Indemnified Party”) may apply. The indemnifying Party shall give notice as promptly as reasonably practicable be relieved of its obligation of indemnification to each party required the extent, and only to the extent, the indemnifying Party is prejudiced by any failure of the indemnified Party to provide indemnification under this Section 5 the indemnifying Party with the foregoing notice of any action commenced against or by it in respect such Claim within a reasonable period of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Partytime. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified The indemnifying Party shall have the right to retain assume and control the defense of the Claim at its own counselcost. If the right to assume and have sole control of the defense is exercised by the indemnifying Party, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified indemnified Party shall have mutually agreed the right to the contraryparticipate in, or (B) the named parties in any but not control, such action (including any impleaded parties) include both the Indemnifying Party defense at its own cost and the Indemnified Party indemnifying Party’s indemnity obligations shall be deemed not to include attorneys’ fees and representation of both parties litigation costs incurred by the same counsel would be inappropriate due indemnified Party after the assumption of the defense by the indemnified Party. If the indemnifying Party does not assume the defense of the Claim, the indemnified Party may defend the Claim at the indemnifying Party’s cost, but shall have no obligation to actual or potential differing or conflicting interests between themdo so. The Indemnifying indemnified Party shall not be liable for any settlement of any proceeding effected settle or compromise the Claim without its the prior written consent (of the indemnifying Party, and the indemnifying Party shall not settle or compromise the Claim in any manner which would have an adverse effect on the indemnified Party without the consent of the indemnified Party, which consent, in each case, shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying delayed. The indemnified Party shall indemnify reasonably cooperate with the Indemnified indemnifying Party from and against any loss, damage or liability by reason shall make available to the indemnifying Party all pertinent information under the control of such settlement or judgmentthe indemnified Party.

Appears in 3 contracts

Samples: www.sec.gov, Development and Commercialization Agreement (Syndax Pharmaceuticals Inc), Development and Commercialization Agreement (Syndax Pharmaceuticals Inc)

Indemnification Procedures. Each person entitled If any third---party claim is commenced that is indemnified under Section 6.1 above, the indemnified party shall provide notice thereof to indemnification under this Section 5 (an “Indemnified Party”) shall give notice the indemnifying party as promptly as reasonably practicable practicable. The indemnifying party shall be entitled, if it so elects, in a notice promptly delivered to each party required the indemnified party, to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position immediately take control of the Indemnifying Partydefense and investigation of such claim and to employ and engage attorneys reasonably acceptable to the indemnified party to handle and defend the same, at the indemnifying party's sole cost and expense, provided that in all events ICANN will be entitled to control at its sole cost and expense the litigation of issues concerning the validity or interpretation of ICANN’s policies, Bylaws or conduct. Upon The indemnified party shall cooperate, at the indemnifying party's cost and expense, in all reasonable respects with the indemnifying party and its attorneys in the investigation, trial, and defense of such notificationclaim and any appeal arising therefrom, and may, at the Indemnifying Party shall indemnified party's own cost and expense, participate, through its attorneys or otherwise, in such investigation, trial and defense of such claim and any appeal arising therefrom. No settlement of a claim that involves a remedy affecting the indemnified party other than the payment of money in an amount that is fully indemnified by the indemnifying party will be entered into without the consent of the indemnified party. If the indemnifying party does not assume full control over the defense of such action if it is a claim brought by a third party, and, if and after subject to such assumptiondefense in accordance with this Section 6.2, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall indemnified party will have the right to retain its own counseldefend the claim in such manner as it may deem appropriate, but the fees and expenses of such counsel shall be at the cost and expense of such Indemnified Party unless (A) the Indemnifying Party indemnifying party and the Indemnified Party indemnifying party shall have mutually agreed to the contrary, or (B) the named parties cooperate in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentdefense.

Appears in 3 contracts

Samples: Registry Operator Agreement, Registry Operator Agreement, Registry Operator Agreement

Indemnification Procedures. Each person entitled to indemnification under this Section 5 6 (an “Indemnified Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 6 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (Ai) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, contrary or (Bii) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgment.

Appears in 3 contracts

Samples: Credit Agreement (Abtech Holdings, Inc.), Credit Agreement (Abtech Holdings, Inc.), Credit Agreement (Abtech Holdings, Inc.)

Indemnification Procedures. Each person entitled to All indemnification under obligations in this Section 5 Agreement are conditioned upon the Party seeking indemnification (an “Indemnified Party”A) shall give promptly notifying the indemnifying Party of any claim or liability of which the Party seeking indemnification becomes aware (including a copy of any related complaint, summons, notice as promptly as reasonably practicable to each party required or other instrument); provided, that failure to provide indemnification under this Section 5 such notice within a reasonable period of time shall not relieve the indemnifying Party of any action commenced against or of its obligations hereunder except to the extent the indemnifying Party is prejudiced by it in respect of which indemnity may be sought hereundersuch failure, but failure (B) allowing the indemnifying Party, if the indemnifying Party so requests, to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume conduct and control the defense of any such action if it is a claim brought by a third partyor liability and any related settlement negotiations (at the indemnifying Party’s expense), and, if (C) cooperating with the indemnifying Party in the defense of any such claim or liability and after such assumptionany related settlement negotiations (at the indemnifying Party’s expense) and (D) not compromising or settling any claim or liability without prior written consent of the indemnifying Party. Without limiting the generality of the foregoing, the Indemnifying indemnifying Party shall is authorized to direct all aspects of the defense for which it has an obligation of indemnification and defense hereunder, including without limitation, selection of counsel, discovery, motions and settlement; ***Text Omitted and Filed Separately Confidential Treatment Requested Under 17 C.F.R. §§ 200.80(B)(4) and 230.406 provided, however, the indemnifying Party may not be entitled to reimbursement settle or dispose of any expenses incurred by it such matter (i) without obtaining a full release in connection favor of the indemnified Party with respect to such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees matter and expenses of such counsel shall be at the expense of such Indemnified Party unless (Aii) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentdisposition would confess wrongdoing or otherwise adversely impact the rights or interests of the indemnified Party, in each case, without the prior written consent of the indemnified Party.

Appears in 3 contracts

Samples: Quality Agreement (Biohaven Pharmaceutical Holding Co Ltd.), Quality Agreement (Biohaven Pharmaceutical Holding Co Ltd.), Quality Agreement (Biohaven Pharmaceutical Holding Co Ltd.)

Indemnification Procedures. Each person entitled A party (the "Indemnitee") that -------------------------- intends to claim indemnification under this Section 5 Article 14 shall promptly notify the other party (an “Indemnified Party”the "Indemnitor") shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 in writing of any action commenced against or by it claim in respect of which the Indemnitee or any of its directors, officers, employees, agents, successors, or assigns intends to claim such indemnification, and the Indemnitor shall have sole control of the defense and/or settlement thereof, provided that the indemnified party may participate in any such proceeding with counsel of its choice at its own expense. The indemnity may agreement in this Article 14 shall not apply to amounts paid in settlement of any Claim if such settlement is effected without the consent of the Indemnitor, which consent shall not be sought hereunderwithheld unreasonably. The failure to deliver written notice to the Indemnitor within a reasonable time after the commencement of any such action, if prejudicial to its ability to defend such action, shall relieve such Indemnitor of any liability to the Indemnitee under this Article 14, but failure the omission to so notify an Indemnifying Party deliver written notice to the Indemnitor shall not release such Indemnifying Party from relieve the Indemnitor of any liability that it may haveotherwise have to any Indemnitee than under this Article 14. The Indemnitee under this Article 14, otherwise than on account of this indemnity agreement so long as such failure its employees and agents, shall not have materially prejudiced cooperate fully with the position of Indemnitor and its legal representatives and provide full information in the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement investigation of any expenses incurred Claim covered by it in connection with such action except as described belowthis indemnification. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed Notwithstanding anything to the contrarycontrary contained in this Article 14, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party neither party shall not be liable for any settlement of any proceeding effected costs or expenses incurred without its prior written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentauthorization.

Appears in 3 contracts

Samples: Oem Agreement (Sonic Innovations Inc), Oem Agreement (Sonic Innovations Inc), Oem Agreement (Sonic Innovations Inc)

Indemnification Procedures. Each person entitled to indemnification under this Section 5 (an “Indemnified Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of If any action commenced shall be brought against or by it any Indemnified Party in respect of which indemnity may be sought hereunderpursuant to this Agreement, but failure to so such Indemnified Party shall promptly notify an the Indemnifying Party shall not release such Indemnifying Party from any liability that it may havein writing, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, and the Indemnifying Party shall have the right to assume the defense thereof with counsel of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described belowits own choosing. In any such action, any Any Indemnified Party shall have the right to retain its own counselemploy separate counsel in any such action and participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) except to the extent that the employment thereof has been specifically authorized by the Indemnifying Party in writing, the Indemnifying Party has failed after a reasonable period of time to assume such defense and to employ counsel or in such action there is, in the reasonable opinion of such separate counsel, a material conflict on any material issue between the position of the Indemnifying Party and the position of such Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themParty. The Indemnifying Party shall will not be liable to any Indemnified Party under this Article 5 for any settlement of any proceeding by an Indemnified Party effected without its the Indemnifying Party’s prior written consent (consent, which shall not be unreasonably withheld or delayed by such Indemnifying Party)delayed; or to the extent, but if settled with such consent or if there be final judgment for only to the plaintiffextent that a loss, the Indemnifying Party shall indemnify the Indemnified Party from and against any lossclaim, damage or liability by reason of such settlement or judgment.is attributable to any Indemnified Party’s indemnification pursuant to this Article 5. ARTICLE 6

Appears in 3 contracts

Samples: Share Exchange Agreement (Viscorp, Inc.), Share Exchange Agreement (Cmark Holdings Co., Ltd.), Share Exchange Agreement (Viscorp, Inc.)

Indemnification Procedures. Each person entitled If a Party (the “Indemnitee”) intends to claim indemnification under this Section 5 Sections 11.1 or 11.2, as applicable, it shall promptly notify the other Party (an the Indemnified PartyIndemnitor”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 in writing of any action commenced against or by it in respect of Claim for which indemnity may be sought hereunderthe Indemnitee intends to claim such indemnification, but failure and the Indemnitor shall have the right to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense thereof with counsel of its choice (provided that such action if it counsel is a claim brought by a third partyreasonably acceptable to the Indemnitee); provided, andhowever, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party that an Indemnitee shall have the right to retain its own counsel, but with the fees and expenses to be paid by the Indemnitor, if representation of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties Indemnitee by the same counsel retained by the Indemnitor would be inappropriate due to actual or reasonably-determined - potential differing or conflicting interests between themthe Indemnitee and any other Party represented by such counsel in such proceeding. The Indemnifying Party obligations of this Section 11.3 shall not apply to amounts paid in settlement of any Claim if such settlement is effected without the consent of the Indemnitor, which consent shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed unreasonably. The failure to deliver written notice to the Indemnitor within a reasonable time after the commencement of any such action, if prejudicial to its ability to defend such action, shall relieve the Indemnitor of any obligation to the Indemnitee under this Section 11.3. The Indemnitee, its employees and agents, shall [*] = Certain confidential information contained in this document, marked by such Indemnifying Party)brackets, but if settled has been omitted and filed separately with such consent or if there be final judgment for the plaintiffSecurities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentas amended.

Appears in 3 contracts

Samples: License and Development Agreement (Eagle Pharmaceuticals, Inc.), License and Development Agreement (Eagle Pharmaceuticals, Inc.), License and Development Agreement (Eagle Pharmaceuticals, Inc.)

Indemnification Procedures. Each person Person entitled to indemnification under this Section 5 (an "Indemnified Party") shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 (an "Indemnifying Party") of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release relieve such Indemnifying Party from any liability that it may have, have otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, assumption the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (Ai) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, contrary or (Bii) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgment.

Appears in 3 contracts

Samples: Subscription Agreement (CDSS Wind Down Inc), Subscription Agreement (CDSS Wind Down Inc), Subscription Agreement (Citadel Security Software Inc)

Indemnification Procedures. Each person entitled to The Party seeking indemnification under this Section 5 10.1 or 10.2, as applicable (an the “Indemnified Party”) shall give prompt notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 the Party against whom indemnity is sought (the “Indemnifying Party”) of the assertion or commencement of any action commenced against or by it Claim in respect of which indemnity may be sought hereunderunder Section 10.1 or 10.2, but as applicable, and shall provide the Indemnifying Party such information with respect thereto that the Indemnifying Party may reasonably request. The failure to so notify an give such notice shall relieve the Indemnifying Party shall not release such of any liability hereunder only to the extent that the Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Partyhas suffered actual prejudice thereby. Upon such notification, the The Indemnifying Party shall assume and control the defense and settlement of any such action if it is a claim brought by a third partyaction, andsuit or proceeding at its own expense; provided, however, if the Indemnified Party is TYME, it shall assume and after control the defense and settlement of any such assumptionaction, suit or proceeding. The Indemnified Party shall, if requested by the Indemnifying Party, cooperate in all reasonable respects in such defense, at the Indemnifying Party’s expense. The Indemnified Party shall be entitled at its own expense to participate in such defense and to employ separate counsel for such purpose. For so long as the Indemnifying Party is diligently defending any proceeding pursuant to this Section 10.3, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except liable under Section 10.1 or 10.2, as described below. In any such actionapplicable, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its consent. No Party shall enter into any compromise or settlement which commits the other Party to take, or to forbear to take, any action without the other Party’s prior written consent (which shall not be unreasonably withheld unless such compromise or delayed settlement includes no payments by such Indemnifying the Indemnified Party), but if settled with such consent or if there be final judgment for the plaintiffan unconditional release of, the Indemnifying Party shall indemnify and no admission of liability by, the Indemnified Party from and against any loss, damage or all liability by reason in respect of such settlement or judgmentClaim).

Appears in 3 contracts

Samples: Co Promotion Agreement (Tyme Technologies, Inc.), Co Promotion Agreement (Eagle Pharmaceuticals, Inc.), Co Promotion Agreement (Eagle Pharmaceuticals, Inc.)

Indemnification Procedures. Each person Person entitled to indemnification under this Section 5 (an “Indemnified Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 (an “Indemnifying Party”) of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release relieve such Indemnifying Party from any liability that it may have, have otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, assumption the Indemnifying Indemnified Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (Ai) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, contrary or (Bii) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgment.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Axesstel Inc), Stock Purchase Agreement (Axesstel Inc), Stock Purchase Agreement (Axesstel Inc)

Indemnification Procedures. Each person entitled to indemnification under this Section 5 (an “The Indemnified Party”) Party shall give written notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an the Indemnifying Party promptly after learning of such Claim. The Indemnified Party shall not release such provide the Indemnifying Party from any liability that it may havewith reasonable assistance, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of at the Indemnifying Party. Upon such notification’s expense, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with the defence of the Claim for which indemnity is being sought. The Indemnified Party may participate in and monitor such action except as described below. In any such actiondefence with counsel of its own choosing at its sole expense; provided, any Indemnified that the Indemnifying Party shall have the right to retain assume and conduct the defence of the Claim with counsel of its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themchoice. The Indemnifying Party shall not settle any Claim without the prior written consent of the Indemnified Party, not to be liable for unreasonably withheld. So long as the Indemnifying Party is actively defending the Claim in good faith, the Indemnified Party shall not settle or compromise any such Claim without the prior written consent of the Indemnifying Party. If the Indemnifying Party does not assume and conduct the defence of the Claim as provided above, (a) the Indemnified Party may defend against, consent to the entry of any judgment, or enter into any settlement of with respect to such Claim in any proceeding effected without its written manner the Indemnified Party may deem reasonably appropriate (and the Indemnified Party need not consult with, or obtain any consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintifffrom, the Indemnifying Party in connection therewith), and (b) the Indemnifying Party shall remain responsible to indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentas provided in this Article 9.

Appears in 3 contracts

Samples: Collaboration and Option Agreement, Collaboration and Option Agreement (Aridis Pharmaceuticals, Inc.), Collaboration and Option Agreement (Aridis Pharmaceuticals, Inc.)

Indemnification Procedures. Each person entitled Upon the occurrence of any event giving rise to a claim for indemnification under this Section 5 (an “Indemnification Claim”) under any provision of this Agreement or any Closing Document, the Party seeking indemnification (the “Indemnified Party”) shall give notice as promptly as reasonably practicable to each party required to notify the other Party (the “Indemnitor”) of such Indemnification Claim and provide indemnification under this Section 5 the Indemnitor with copies of any action commenced against documents describing or otherwise bearing on the subject matter of such indemnification obligation; provided, however, that the failure to notify Indemnitor shall not relieve Indemnitor from any liability which Indemnitor may have under the Indemnification Claim except to the extent that it has been materially prejudiced by it such failure. Indemnitor shall be entitled to participate in any pending or threatened claim, action, suit or proceeding in respect of which indemnity may be sought hereunderthe Indemnification Claim and, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability the extent that it may havewishes, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, thereof with counsel reasonably satisfactory to the Indemnifying Party shall Indemnified Party. The Indemnitor will not be entitled settle or compromise or consent to reimbursement the entry of any expenses incurred by it judgment in connection with such action except as described below. In any such pending or threatened claim, action, any Indemnified Party suit or proceeding in respect of the Indemnification Claim unless, (i) Indemnitor shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and given the Indemnified Party reasonable prior written notice thereof and shall have mutually agreed obtained an unconditional release of the Indemnified Party from all liability arising out of such claim, action, suit or proceeding, or (ii) Indemnitor reaffirms in writing its indemnity obligations hereunder regardless of Applicable Laws to the contrary. As long as Indemnitor has complied with its obligations to defend and indemnify, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party Indemnitor shall not be liable for any settlement made by the Indemnified Party without the consent of any proceeding effected without its written consent Indemnitor (which consent shall not be unreasonably withheld or delayed by such Indemnifying Partydelayed), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgment.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (CNL Hotels & Resorts, Inc.), Purchase and Sale Agreement (CNL Hotels & Resorts, Inc.), Purchase and Sale Agreement (Hersha Hospitality Trust)

Indemnification Procedures. Each person entitled (a) If an indemnified party shall desire to assert any claim for indemnification provided for under this Section 5 5.9 in respect of, arising out of or involving a Claim against the indemnified party, such indemnified party shall notify the Company or the Stockholder, as the case may be (an the Indemnified Indemnifying Party”), in writing of such Claim, the amount or the estimated amount sought thereunder to the extent then ascertainable (which estimate shall not be conclusive of the final amount of such Claim), any other remedy sought thereunder, any relevant time constraints relating thereto and, to the extent practicable, any other material details pertaining thereto (a “Claim Notice”) shall give promptly after receipt by such indemnified party of written notice as promptly as reasonably practicable to each party required of the Claim; provided, however, that failure to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party a Claim Notice shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced affect the position of indemnification obligations provided hereunder except to the Indemnifying Party. Upon such notification, extent the Indemnifying Party shall assume the defense have been materially prejudiced as a result of such action if it is a claim brought failure. The indemnified party shall deliver to the Indemnifying Party, promptly after the indemnified party’s receipt thereof, copies of all notices and documents (including court papers) received by a third partythe indemnified party relating to the Claim; provided, andhowever, if and after that failure to provide any such assumption, copies shall not affect the indemnification obligations provided hereunder except to the extent the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except have been materially prejudiced as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses a result of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentfailure.

Appears in 3 contracts

Samples: Stockholder’s Agreement (Forestar Group Inc.), S Agreement (Horton D R Inc /De/), ’s Agreement

Indemnification Procedures. Each person entitled to indemnification The Party claiming indemnity under this Section 5 Article 9 (an the “Indemnified Party”) shall give written notice as to the Party from whom indemnity is being sought (the “Indemnifying Party”) promptly as reasonably practicable to each party required to after learning of such Claim. The Indemnified Party shall provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an the Indemnifying Party shall not release such Indemnifying Party from any liability that it may havewith reasonable assistance, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of at the Indemnifying Party’s expense, in connection with the defense of the Claim for which indemnity is being sought. Upon The Indemnified Party may participate in and monitor such notificationdefense with counsel of its own choosing at its sole expense; provided, however, the Indemnifying Party shall have the right to assume and conduct the defense of such action if it is a claim brought by a third party, and, if and after such assumptionthe Claim with counsel of its choice. Unless the settlement involves only the payment of money, the Indemnifying Party shall not settle any Claim without the prior written consent of the Indemnified Party, such consent not to be entitled to reimbursement unreasonably withheld, conditioned or delayed. So long as the Indemnifying Party is conducting the defense of any expenses incurred by it the Claim in connection with such action except as described below. In any such actiongood faith, any the Indemnified Party shall have not settle or compromise any such Claim without the right to retain its own counselprior written consent of the Indemnifying Party. If the Indemnifying Party does not assume and conduct the defense of the Claim as provided above, but (a) the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless may defend against, consent to the entry of any judgment, or enter into any settlement with respect to such Claim in any manner the Indemnified Party may deem reasonably appropriate (Aand the Indemnified Party need not consult with, or obtain any consent from, the Indemnifying Party in connection therewith), and (b) the Indemnifying Party and the Indemnified Party shall have mutually agreed remain responsible to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentas provided in this Article 9.

Appears in 3 contracts

Samples: License and Option Agreement (Pfenex Inc.), License and Collaboration Agreement (Theravance Biopharma, Inc.), License and Option Agreement (Pfenex Inc.)

Indemnification Procedures. Each person entitled to indemnification under this Section 5 (Promptly after receipt by an “Indemnified Party”) shall give indemnified party of a notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of any action commenced against third-party claim or by it the commencement of any action, such indemnified party shall: (a) notify the indemnifying party in respect writing of which indemnity may be sought hereunderany such claim; (b) provide the indemnifying party with reasonable assistance to settle or defend such claim, but at the indemnifying party’s own expense; and (c) grant to the indemnifying party the right to control the defense and/or settlement of such claim, at the indemnifying party’s own expense; provided, however, that: (i) the failure to so notify an Indemnifying Party notify, provide assistance and grant authority and control shall only relieve the indemnifying party of its obligation to the indemnified party to the extent that the indemnifying party is prejudiced thereby; (ii) the indemnifying party shall not, without the indemnified party’s consent (such consent not release such Indemnifying Party from to be unreasonably withheld or delayed), agree to any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless settlement which: (A) makes any admission on behalf of the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, indemnified party; or (B) consents to any injunction against the named parties indemnified party (except an injunction relating solely to the indemnified party’s continued use of any infringing Deliverable or USCC Materials); and (iii) the indemnified party shall have the right, at its expense, to participate in any such action (including any impleaded parties) include both the Indemnifying Party legal proceeding to contest and the Indemnified Party defend a claim and representation to be represented by legal counsel of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party)choosing, but if settled with such consent or if there be final judgment for shall have no right to settle a claim without the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentindemnifying party’s written consent.

Appears in 3 contracts

Samples: Master Service Agreement, 2019 Master Service Agreement (United States Cellular Corp), Master Service Agreement (United States Cellular Corp)

Indemnification Procedures. Each person Promptly after a Party entitled to indemnification under this Section 5 9.5 or 9.6 (an “Indemnified Indemnitee”) receives notice of any pending or threatened claim against it (an “Action”), such Indemnitee shall give written notice to the Party to whom the Indemnitee is entitled to look for indemnification pursuant to Section 9.5 or 9.6, as applicable (the “Indemnifying Party”) shall give notice as promptly as reasonably practicable ), of the commencement thereof; provided, that, the failure so to each party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an the Indemnifying Party shall not release such Indemnifying Party from relieve it of any liability that it may havehave to any Indemnitee hereunder, otherwise than on account of except to the extent the Indemnifying Party demonstrates that it is prejudiced thereby. In case any Action that is subject to indemnification under this indemnity agreement so long as such failure Article 9, shall not have materially prejudiced be brought against an Indemnitee and it shall give written notice to the position Indemnifying Party of the Indemnifying Party. Upon such notificationcommencement thereof, the Indemnifying Party shall be entitled to participate therein and, if it so desires, to assume the defense of thereof with counsel reasonably satisfactory to such action if it is a claim brought by a third party, Indemnitee and, if and after such assumptionnotice from the Indemnifying Party to the Indemnitee of its election to assume the defense thereof, the Indemnifying Party shall not be entitled liable to reimbursement such Indemnitee under this Article 9 for any fees of other counsel or any expenses other expenses, in each case subsequently incurred by it such Indemnitee in connection with such action except as described belowthe defense thereof, other ***Text Omitted and Filed Separately with the Securities and Exchange Commission. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgment.Confidential Treatment Requested Under

Appears in 3 contracts

Samples: Research Collaboration and License Agreement (Dicerna Pharmaceuticals Inc), Research Collaboration and License Agreement (Dicerna Pharmaceuticals Inc), Research Collaboration and License Agreement (Dicerna Pharmaceuticals Inc)

Indemnification Procedures. Each person party entitled to indemnification under this Section 5 7 (an “the "Indemnified Party") shall give notice as promptly as reasonably practicable to each the party required to provide indemnification under this Section 5 (the "Indemnifying Party") promptly after such Indemnified Party has actual knowledge of any action commenced against or by it in respect of claim as to which indemnity may be sought hereundersought, but failure to so notify an Indemnifying Party and shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, permit the Indemnifying Party shall to assume the defense of any such action if it is a claim brought by a third party, and, if and after such assumption, or any litigation resulting therefrom; provided that counsel for the Indemnifying Party proposed to conduct the defense of such claim or litigation shall be approved by the Indemnified Party (whose approval shall not be entitled to reimbursement unreasonably withheld), and the Indemnified Party may participate in such defense at such Indemnified Party's election and expense; provided further, that the failure of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its obligations hereunder, unless such failure resulted in prejudice to the Indemnifying Party; and provided further, that an Indemnified Party (together with all other Indemnified Parties which may be represented without conflict by one counsel) shall have the right to retain its own one separate counsel, but with the fees and expenses of such counsel shall to be at paid by the expense Indemnifying Party, if representation of such Indemnified Party unless (A) by the counsel retained by the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying such Indemnified Party shall not be liable and any other party represented by counsel for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify in such proceeding. No Indemnifying Party, in the defense of any such claim or litigation, shall, except with the consent of each Indemnified Party Party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to all Indemnified Parties of a release from and against any loss, damage all liability in respect to such claim or liability by reason of such settlement or judgmentlitigation.

Appears in 3 contracts

Samples: Registration Rights Agreement (Macquarie Infrastructure CO Trust), Registration Rights Agreement (Macquarie Bank LTD), Registration Rights Agreement (Macquarie Infrastructure CO Trust)

Indemnification Procedures. Each person entitled to To receive the benefit of indemnification under this Section 5 (15.1 or Section 15.2, an “Indemnified Party”) shall give notice as promptly as reasonably practicable Indemnitee which intends to each party required to provide claim indemnification under this Section 5 15.1 or Section 15.2 hereof must (a) promptly notify the Indemnitor in writing of any claim, lawsuit or other action commenced against or by it in respect of which indemnity may be sought hereunderthe Indemnitee intend to claim such indemnification; provided, but that failure to so notify an give such notice shall not relieve Indemnifying Party shall not release such Indemnifying Party from any liability that it may haveof its indemnification obligations except where, otherwise than on account of this indemnity agreement so long as and solely to the extent that, such failure actually and materially prejudices the lights of Indemnifying Party; (b) tender to the Indemnitor, and cause its Affiliates and their respective directors, officers, employees and agents to tender to, the Indemnitor, full authority to defend or settle the claim or suit; at its discretion, to provided that no settlement requiring any admission by the Indemnitee or that imposes any obligation on the Indemnitee shall not be made without the Indemnitee’s consent; and (c) provide reasonable cooperation to the Indemnitor and its legal representatives and insurer, and cause its Affiliates and their respective directors, officers, employees and agents to reasonably cooperate with the Indemnitor and its legal representatives and insurer in the investigation and defense of any claim, lawsuit or other action covered by this indemnification, as reasonably requested, at Indemnitor’s cost and expense. Neither Party, as an Indemnitor, shall have materially prejudiced any obligation to indemnify the position Indemnitee in connection with any settlement made without the prior written consent of the Indemnifying Party. Upon such notification, Indemnitor and the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party Indemnitor shall not be entitled to reimbursement of responsible for any expenses legal fees or other costs incurred by it in connection with such action except other than as described belowprovided herein. In any such action, any Indemnified Party The Indemnitee shall have the right right, but not the obligation, to retain be represented by counsel of its own counsel, but the fees selection and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentsole expense.

Appears in 3 contracts

Samples: Services Agreement (Proteon Therapeutics Inc), Services Agreement (Proteon Therapeutics Inc), Services Agreement (Proteon Therapeutics Inc)

Indemnification Procedures. Each person entitled to indemnification under this Section 5 In case any proceeding (an “Indemnified Party”including any governmental investigation) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of be instituted involving any action commenced against or by it Person in respect of which indemnity may be sought hereunderpursuant to either paragraph (a) or (b) above, but such Person (the "indemnified party") shall promptly notify the Person against whom such indemnity may be sought (the "indemnifying party") in writing and the indemnifying party shall retain counsel reasonably satisfactory to the indemnified party to represent the indemnified party and any others the indemnifying party may designate in such proceedings and shall pay the fees and disbursements of such counsel relating to such proceeding. The failure or delay of an indemnified party to so notify an Indemnifying Party the indemnifying party with respect to a particular proceeding shall not release such Indemnifying Party relieve the indemnifying party from any obligation or liability that which it may have, otherwise than on account of have pursuant to this indemnity agreement so long as Agreement if the indemnifying party is not prejudiced by such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described belowor delay. In any such actionproceeding, any Indemnified Party indemnified party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themindemnified party. The Indemnifying Party indemnifying party shall not be liable for any settlement of any proceeding effected without its written consent. No indemnifying party shall, without the prior written consent of any indemnified party (which consent shall not be unreasonably withheld withheld), effect any settlement of any pending or delayed threatened proceeding in respect of which such indemnified party is a party and indemnity could have been sought hereunder by such Indemnifying Party)indemnified party, but if settled with unless such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason settlement includes an unconditional release of such settlement or judgmentindemnified party from all liability on all claims that are the subject matter of such proceeding.

Appears in 3 contracts

Samples: Registration Rights Agreement (Pedersen Ronald D), Registration Rights Agreement (Richmont Marketing Specialists Inc), Registration Rights Agreement (Marketing Specialists Corp)

Indemnification Procedures. Each person entitled to indemnification (a) Promptly after receipt by an indemnified party under this Section 5 2 of notice of the commencement of any action (an “Indemnified Party”) shall give notice as promptly as reasonably practicable including any governmental action), such indemnified party will, if a claim in respect thereof is to each be made against any indemnifying party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder2, but failure deliver to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position indemnifying party a written notice of the Indemnifying Party. Upon such notificationcommencement thereof and the indemni- fying party shall have the right to participate in, and, to the Indemnifying Party shall extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense of such action if it is a claim brought by a third partythereof with counsel mutually satisfactory to the parties; provided, andhowever, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party that an indemnified party shall have the right to retain its own counsel, but with the fees and expenses to be paid by the indemnifying party, if representation of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties indemnified party by the same counsel retained by the indemnifying party would be inappropriate due to actual or potential differing or conflicting interests between themsuch indemnified party and any other party represented by such counsel in such proceeding. The Indemnifying Party shall not be liable for any settlement failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any proceeding effected without such action, if prejudicial to its written consent (which ability to defend such action, shall not be unreasonably withheld or delayed by relieve such Indemnifying Party)indemnifying party of any liability to the indemnified party under this Section 2, but if settled with such consent or if there be final judgment for the plaintiff, omission so to deliver written notice to the Indemnifying Party shall indemnify the Indemnified Party from and against indemnifying party will not relieve it of any loss, damage or liability by reason of such settlement or judgmentthat it may have to any indemnified party otherwise than under this Section 2.

Appears in 3 contracts

Samples: Registration Rights Agreement (Schuler Holdings Inc), Registration Rights Agreement (Apollo Real Estate Investment Fund L P/Ny), Registration Rights Agreement (Schuler Homes Inc)

Indemnification Procedures. Each person entitled to indemnification In the event of a potential indemnity obligation under this Section 5 10, the indemnified party will: (an “Indemnified Party”i) shall give notice as promptly as reasonably practicable notify the indemnifying party in writing of the claim, (ii) allow the indemnifying party the right to each control the investigation, defense and settlement (if applicable) of such claim at the indemnifying party’s sole cost and expense, and (iii) upon request of the indemnifying party, provide all necessary cooperation at the indemnifying party’s expense. Failure by the indemnified party required to provide indemnification notify the indemnifying party of a claim under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party 10 shall not release such Indemnifying Party from any liability that it may haverelieve the indemnifying party of its obligations under this Section 10, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced however the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party indemnifying party shall not be liable for any settlement litigation expenses that the indemnified party incurred prior to the time when notice is given or for any damages and/or costs resulting from any material prejudice caused by the delay or failure to provide notice to the indemnifying party in accordance with this Section. The indemnifying party may not settle any claim in any matter that would require obligation on the part of the indemnified party (other than payment or ceasing to use infringing materials), or any proceeding effected admission of fault by the indemnified party, without its the indemnified party’s prior written consent, such consent (which shall not to be unreasonably withheld withheld, conditioned or delayed by such Indemnifying Party)delayed. Further, but any indemnification obligation under this Section 10 will not apply if settled the indemnified party settles or makes any admission with such consent or if there be final judgment for respect to a claim without the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentindemnifying party’s prior written consent.

Appears in 2 contracts

Samples: Platform Access Agreement, Platform Access Agreement

Indemnification Procedures. Each person entitled to All indemnification under obligations in this Section 5 Agreement are conditioned upon the party seeking indemnification (an “Indemnified Party”A) shall give promptly notifying the indemnifying party of any claim or liability of which the party seeking indemnification becomes aware (including a copy of any related complaint, summons, notice as promptly as reasonably practicable to each party required or other instrument); provided, that failure to provide indemnification under this Section 5 such notice within a reasonable period of time shall not relieve the indemnifying party of any action commenced against or of its obligations hereunder except to the extent the indemnifying party is prejudiced by it in respect of which indemnity may be sought hereundersuch failure, but failure (B) allowing the indemnifying party, if the indemnifying party so requests, to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume conduct and control the defense of any such action if it is a claim brought by a third or liability and any related settlement negotiations (at the indemnifying party’s expense), and, if and after such assumption, (C) cooperating with the Indemnifying Party shall not be entitled to reimbursement indemnifying party in the defense of any expenses incurred by it in connection with such action except as described below. In claim or liability and any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be related settlement negotiations (at the expense of such Indemnified Party unless indemnifying party’s expense) and (AD) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, not compromising or (B) the named parties in settling any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual claim or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected liability without its prior written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party)of the indemnifying party. [***] INDICATES MATERIAL THAT WAS OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT WAS REQUESTED. ALL SUCH OMITTED MATERIAL WAS FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentAS AMENDED.

Appears in 2 contracts

Samples: Quality Agreement (Vaccinex, Inc.), Quality Agreement (Vaccinex, Inc.)

Indemnification Procedures. Each person entitled to indemnification In the event an Investor Indemnified Party should have a claim against the Company under this Section 5 Article VI, such Investor Indemnified Party shall deliver notice of such claim (an “which claim shall be described with reasonable specificity in such notice) with reasonable promptness to the Company. The failure by such Investor Indemnified Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure Party to so notify an Indemnifying Party the Company shall not release such Indemnifying Party relieve the Company from any liability which it may have to such Investor Indemnified Party under this Article VI, except to the extent that the Company demonstrates that it may havehas been actually prejudiced by such failure. Subject to Section 6.2, otherwise than on account if the Company does not notify such Investor Indemnified Party within 30 calendar days following delivery of such notice that the Company disputes its liability to such Investor Indemnified Party under this indemnity agreement so long as Article VI, such failure claim specified by such Investor Indemnified Party in such notice shall not have materially prejudiced the position conclusively be deemed a liability of the Indemnifying Party. Upon such notification, Company under this Article VI and the Indemnifying Party Company shall assume pay in same-day funds the defense amount of such action if it liability to such Investor Indemnified Party on demand or, in the case of any notice in which the amount of the claim (or any portion thereof) is estimated, on such later date when the amount of such claim (or such portion thereof) becomes finally determined. If the Company has timely disputed its liability with respect to such claim, as provided above, such Investor Indemnified Party and the Company shall proceed in good faith to negotiate a claim brought by a third party, resolution of such dispute and, if and after not resolved through negotiations, such assumptiondispute shall be resolved by litigation in an appropriate court of competent jurisdiction subject to Section 8.4; PROVIDED, HOWEVER, that no Investor Nominee or Approved Nominee shall participate in the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses resolution of such counsel shall be at dispute on behalf of the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentCompany.

Appears in 2 contracts

Samples: Investment Agreement (Criimi Mae Inc), Investment Agreement (Criimi Mae Inc)

Indemnification Procedures. Each person entitled A Party or any of its Affiliates or their respective directors, officers, employees or agents (the “Indemnitee”) that intends to claim indemnification under this Section 5 Article 10 shall promptly notify the other Party (an the Indemnified PartyIndemnitor”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of any claim or action commenced against or by it in respect of which indemnity may be sought hereunderthe Indemnitee intends to claim such indemnification, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced and the position of the Indemnifying Party. Upon such notification, the Indemnifying Party Indemnitor shall assume the defense of such action if it is a claim brought by a third partythereof with counsel mutually satisfactory to the Parties; provided, andhowever, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party that an Indemnitee shall have the right to retain its own counsel, but with the fees and expenses to be paid by the Indemnitor, if representation of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties Indemnitee by the same counsel retained by the Indemnitor would be inappropriate due to actual or potential differing or conflicting interests between themsuch Indemnitee and any other Party represented by such counsel in such proceedings. The Indemnifying Party indemnity agreement in this Article 10 shall not apply to amounts paid in settlement of any claim or action if such settlement is effected without the prior consent of the Indemnitor, which consent shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed unreasonably. The failure to deliver notice to the Indemnitor within a reasonable time after the commencement of any such claim or action, if materially prejudicial to its ability to defend such action, shall relieve such Indemnitor of any liability to the Indemnitee under this Article 10 with respect to such action. The Indemnitee under this Article 10, its employees and agents, shall cooperate fully with the Indemnitor and its legal representatives in the investigation and defense of any claim or action covered by this indemnification. The Indemnitee shall not settle any such Indemnifying Party), but if settled with such claim or action without the consent or if there be final judgment for of the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentIndemnitor.

Appears in 2 contracts

Samples: Distribution and Supply Agreement (Osmotica Pharmaceuticals PLC), Distribution and Supply Agreement (Osmotica Pharmaceuticals LTD)

Indemnification Procedures. Each person entitled The obligation of indemnification set forth in Sections 14.2 and 14.3 above are subject to indemnification under this Section 5 14.4. A Party claiming indemnification (an the Indemnified PartyParties”) shall give notice as promptly as reasonably practicable timely notify the indemnifying Party of any claim or litigation that is subject to each party indemnification hereunder. If the indemnifying Party is Seller, it shall have the exclusive right to assume the defense, at its expense, of, and shall defend and/ or settle, any such claim or litigation. If the indemnifying Party is Purchaser, it shall have the obligation to defend and/or settle the claim or litigation; provided that Seller reserves the right, without being required to provide indemnification under this Section 5 do so, and without waiver of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so defend any claim, action or lawsuit coming within the scope of Section 14.2. If the indemnifying Party fails to notify an Indemnifying Party shall not release such Indemnifying Party from any liability the Indemnified Parties in writing that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall will assume the defense of such action if it is a the subject claim brought by a third partyor litigation within ten (30) days following receipt of notice thereof, and, if and after such assumptionor thereafter fails to diligently defend or attempt to settle said claim or litigation, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party Parties shall have the right to retain its assume their own counseldefense, and/ or settle or compromise any such claim or litigation and the indemnifying Party shall be obligated to reimburse the Indemnified Parties for any and all reasonable expenses (including but not limited to attorneys’ fees) incurred in the fees and expenses defense of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed claim or litigation, in addition to the contraryindemnifying Party’s other indemnity obligations hereunder set forth in Section 14, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed affected by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentParties.

Appears in 2 contracts

Samples: Exclusive Sales Agreement, Exclusive Sales Agreement (Eco-Stim Energy Solutions, Inc.)

Indemnification Procedures. Each person Promptly after receipt by a Party seeking indemnification under this Section 8 (an “Indemnitee”) of notice of any pending or threatened claim against it (an “Action”), such Indemnitee shall give written notice to the Party from whom the Indemnitee is entitled to seek indemnification pursuant to this Section 8 (the “Indemnifying Party”) of the commencement thereof; provided that the failure so to notify the Indemnifying Party shall not relieve it of any liability that it may have to any Indemnitee hereunder, except to the extent the Indemnifying Party demonstrates that it is materially prejudiced thereby. Any Action that is subject to indemnification under this Section 5 (8 shall be brought against an “Indemnified Party”) Indemnitee and it shall give written notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an the Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notificationcommencement thereof, the Indemnifying Party shall assume the defense of thereof with counsel reasonably satisfactory to such action if it is a claim brought by a third party, Indemnitee and, if and after such assumption, the Indemnifying Party shall not be entitled liable to reimbursement such Indemnitee under this Section 8 for any fees of other counsel or any expenses other expenses, in each case subsequently incurred by it such Indemnitee in connection with such action except as described belowthe defense thereof. In No compromise or settlement of any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall Action may be at the expense of such Indemnified Party unless (A) effected by the Indemnifying Party and without the Indemnified Party shall have mutually agreed to the contraryIndemnitee’s written consent, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written which consent (which shall not be unreasonably withheld or delayed delayed, unless (A) there is no finding or admission of any violation of Law or any violation of the rights of any person and no effect on any other claims that may be made against the Indemnitee and (B) the sole relief provided is monetary damages that are paid in full by such the Indemnifying Party), but if settled with such consent . No compromise or if there settlement of any Action may be final judgment for the plaintiff, effected by an Indemnitee without the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentParty’s prior written consent.

Appears in 2 contracts

Samples: And Commercialization Agreement (Dance Biopharm, Inc.), And Commercialization Agreement (Dance Biopharm, Inc.)

Indemnification Procedures. Each person entitled Any Indemnified Party seeking indemnification pursuant to indemnification under this Section 5 (an “9.1 with respect to a claim, action, suit or proceeding by a Person who is not a Indemnified Party”) Party shall give prompt written notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 the Indemnifying Party of the assertion of any action commenced against claim, or by it the commencement of any action, suit or proceeding, in respect of which indemnity may be sought hereunder, but provided that the failure to so notify an Indemnifying Party give such notice shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as affect the Indemnified Party's rights to indemnification hereunder unless such failure shall not have materially prejudiced prejudice in any material respect the position ability of the Indemnifying Party. Upon Party to defend such notificationclaim, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified suit or proceeding. The Indemnifying Party shall have the right to retain assume the defense of any such action, suit or proceeding at its own counselexpense; provided, but however, that (i) such claim, action, suit or proceeding seeks only monetary damages and, in the fees and expenses reasonable judgment of such counsel shall be at the expense of such Indemnified Party unless (A) Party, the Indemnifying Party has adequate financial and other resources to undertake such defense and satisfy any indemnifiable Losses arising from such action, suit or proceeding and (ii) the selection of counsel is approved by the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which approval shall not be unreasonably withheld or delayed by delayed). If such Indemnifying Party)claim, but if settled with such consent action, suit or proceeding seeks relief other than or in addition to monetary damages or if there be final judgment for the plaintiffIndemnified Party so determines that the Indemnifying Party does not have adequate resources, or the Indemnifying Party shall indemnify elect not to assume the defense of any such action, suit or proceeding, or fails to make such an election within twenty (20) days after it receives such notice pursuant to the first sentence of this Section 9.2, the Indemnified Party from may assume such defense with counsel of its choice and against any loss, damage or liability by reason of such settlement or judgment.at the

Appears in 2 contracts

Samples: Exchange Agreement (Artistdirect Inc), Exchange Agreement (Artistdirect Inc)

Indemnification Procedures. Each person entitled A Party (the “Indemnitee”) which intends to claim indemnification under this Section 5 Article 12 shall promptly notify the other Party (an the Indemnified PartyIndemnitor”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 in writing of any action commenced against action, claim or by it other matter in respect of which the Indemnitee or any of its Affiliates, or any of their respective directors, officers, employees or agents intend to claim such indemnification providing reasonable details of the nature of the event and basis of the indemnity may be sought hereunderclaim and further expressly stating therein that it is seeking indemnity pursuant to this Agreement. For the avoidance of doubt, and without prejudice to the Indemnitee’s obligation to give prompt written notice, an Indemnitor’s knowledge of events or circumstances pursuant to which an Indemnitee might seek indemnification, including but failure not limited to so notify an Indemnifying Party correspondence between the Parties regarding a matter but for which indemnity is not expressly sought, shall not release such Indemnifying Party from constitute the notice required by this provision, and any liability that it may haveattorneys, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any experts or consultant fees or expenses incurred by it an Indemnitee prior to proper notice shall be the sole responsibility of such Party; provided that the failure to provide such notice within a reasonable period of time shall not relieve the Indemnitor of any of its obligations hereunder except to the extent the Indemnitor is prejudiced by such failure. The Indemnitee, its Affiliates, and their respective directors, officers, employees and agents shall cooperate fully with the Indemnitor and its legal representatives in connection with such action except as described belowthe investigation, negotiation, settlement and defense of any action, claim or other matter covered by this indemnification. In The Indemnitor shall control any such actioninvestigation, any Indemnified Party negotiation, settlement and defense, and shall have the right to retain its own counselselect counsel with respect thereto, but provided that the fees and expenses Indemnitor shall promptly notify the Indemnitee of such counsel all developments in the matter. In no event shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, Indemnitor or (B) the named parties in Indemnitee settle any such action (including any impleaded parties) include both matter without the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its prior written consent (of the other Party, which consent shall not be unreasonably withheld or delayed delayed; nor shall the non-consenting Party be bound by any such Indemnifying Party)settlement provided, however, that the Indemnitor shall have no obligation to obtain the consent to any settlement that does not impose on the Indemnitee any liability or obligation. The Indemnitee shall have the right, but if settled with such consent or if there not the obligation, to be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability represented by reason counsel of such settlement or judgmentits own selection at its own expense.

Appears in 2 contracts

Samples: Supply Agreement, Supply Agreement (Endo Pharmaceuticals Holdings Inc)

Indemnification Procedures. Each person entitled to indemnification under A Fund E Indemnitee or Partnership Indemnitee, as the case may be (for purposes of this Section 5 (9.4, an “Indemnified Party”) ), shall give the indemnifying party under Section 9.1 or Section 9.2, as applicable (for purposes of this Section 9.4, an “Indemnifying Party”), prompt written notice as promptly as reasonably practicable of any matter which it has determined has given or could give rise to each party required to provide a right of indemnification under this Section 5 Agreement, stating the amount of any action commenced against or by it the Loss, if known, and method of computation thereof, containing a reference to the provisions of this Agreement in respect of which indemnity may be sought hereundersuch right of indemnification is claimed or arises; provided, but however, that the failure to so notify an Indemnifying Party provide such notice shall not release such the Indemnifying Party from its obligations under this Article 9 except to the extent the Indemnifying Party is prejudiced by such failure. In connection with any liability that it may haveclaim giving rise to indemnity hereunder resulting from or arising out of any Action by a Person who is not a party to this Agreement, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, at its sole cost and expense and upon written notice to the Indemnifying Party shall Indemnified Party, may assume the defense of any such action if it is a claim brought by a third partyAction with counsel reasonably satisfactory to the Indemnified Party. The Indemnified Party shall be entitled to participate in the defense of any such Action, and, if with its counsel and after such assumption, at its own cost and expense. If the Indemnifying Party does not assume the defense of any such Action, the Indemnified Party may, but shall not be entitled obligated to, defend against such Action in such manner as it may deem appropriate, including, but not limited to, settling such Action, after giving notice of it to reimbursement of any expenses incurred the Indemnifying Party, on such terms as the Indemnified Party may deem appropriate and no action taken by it the Indemnified Party in connection accordance with such action except as described below. In any such action, any Indemnified Party defense and settlement shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) relieve the Indemnifying Party and the Indemnified Party shall have mutually agreed of its indemnification obligations herein provided with respect to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themdamages resulting therefrom. The Indemnifying Party shall not be liable for settle any settlement of any proceeding effected Action without its the Indemnified Party’s prior written consent (which consent shall not be unreasonably withheld or delayed by such Indemnifying Partydelayed), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgment.

Appears in 2 contracts

Samples: Membership Interest Contribution Agreement (Landmark Infrastructure Partners LP), Membership Interest Contribution Agreement

Indemnification Procedures. Each person entitled to indemnification Promptly after receipt by a Participant Indemnitee or a Company Indemnitee (collectively, "Indemnitees" and, individually, an "Indemnitee") under this Section 5 (an “Indemnified Party”7(a) shall give or 7(b) hereof of notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of the commencement of any action commenced against or by it action, such Indemnitee will, if a claim in respect thereof is to be made against the indemnifying party under such clause, notify the indemnifying party in writing of which indemnity may be sought hereunder, the commencement thereof; but failure the omission so to so notify an Indemnifying Party shall the indemnifying party will not release such Indemnifying Party relieve the indemnifying party from any liability that it may have, have to any Indemnitee otherwise than on account of this indemnity agreement so long as under such failure clauses. In case any such action shall not have materially prejudiced be brought against any Indemnitee, and it shall notify the position indemnifying party of the Indemnifying Party. Upon such notificationcommencement thereof, the Indemnifying Party indemnifying party shall be entitled to participate in, and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense of thereof, with counsel satisfactory to such action if it is a claim brought by a third partyIndemnitee, and, if and after notice from the indemnifying party to such assumptionIndemnitee of its election to assume the defense thereof, the Indemnifying Party indemnifying party shall not be entitled liable to reimbursement of such Indemnitee under such clause for any legal or other expenses subsequently incurred by it such Indemnitee in connection with such action except as described below. In any such actionthe defense thereof other than reasonable costs of investigation; provided, any Indemnified Party however, that the Indemnitee shall have the right to retain its own counselemploy one counsel to represent such Indemnitee if, but in the reasonable judgment of such Indemnitee, it is advisable for such party to be represented by separate counsel because separate defenses are available, or because a conflict of interest exists between such indemnified and indemnifying party in respect of such claim, and in that event the fees and expenses of such separate counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties paid by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themindemnifying party. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party)Notwithstanding the foregoing, but if settled with such consent or if there be final judgment for the plaintiffCompany is an Indemnitee, the Indemnifying Party Company shall indemnify designate the Indemnified Party from one counsel, and against any lossin all other circumstances, damage or liability the one counsel shall be designated by reason a majority in interest based upon the Registrable Securities of such settlement or judgmentthe Indemnitees. For purposes of this Section 7 the terms "control," and "controlling person" have the meanings that they have under the Securities Act.

Appears in 2 contracts

Samples: Registration Rights Agreement (LCS Golf Inc), Registration Rights Agreement (LCS Golf Inc)

Indemnification Procedures. Each person Party entitled to indemnification under this Section 5 1.6 (an the “Indemnified Party”) shall will give notice as promptly as reasonably practicable to each party the Party required to provide indemnification under this Section 5 (the “Indemnifying Party”) promptly after such Indemnified Party has actual knowledge of any action commenced against or by it in respect of claim as to which indemnity may be sought hereundersought, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, and will permit the Indemnifying Party shall to assume the defense of such action if it is a claim brought or any litigation resulting from such claim, provided that counsel for the Indemnifying Party, who will conduct the defense of such claim or any litigation resulting from such claim, will be approved by a third partythe Indemnified Party (whose approval will not be unreasonably withheld), andand the Indemnified Party may participate in such defense at such Indemnified Party’s expense. Notwithstanding the foregoing, if and after such assumption, any Indemnified Party’s failure to give notice as provided in this Section 1.6(c) will not relieve the Indemnifying Party shall of the Indemnifying Party’s obligations under this Section 1.6 to the extent such failure is not be entitled to reimbursement prejudicial. No Indemnifying Party, in the defense of any expenses incurred by it in connection such claim or litigation, will, except with such action except the consent of each Indemnified Party, consent to entry of any judgment or enter into any settlement that does not include as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses an unconditional term of such counsel shall be at judgment or such settlement the expense claimant’s or plaintiff’s release of such Indemnified Party unless (A) from all liability in respect to such claim or litigation. Each Indemnified Party will furnish such information regarding such Indemnified Party or the claim in question as an Indemnifying Party may reasonably request in writing and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties as will be reasonably required in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled connection with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason defense of such settlement or judgmentclaim and litigation resulting from such claim.

Appears in 2 contracts

Samples: Registration Rights Agreement (PACS Group, Inc.), Registration Rights Agreement (PACS Group, Inc.)

Indemnification Procedures. Each person entitled A Party who desires to exercise its rights to indemnification under this Section 5 Agreement (an “Indemnified PartyIndemnitee”) shall give notice as promptly as reasonably practicable to each party required notify the other Party who is obligated under this Agreement to provide such indemnification under this Section 5 (an “Indemnitor”) of any action commenced against Loss or by it in respect claim for Loss or other matter for which indemnification is sought and shall deliver to the Indemnitor copies of which indemnity process and pleadings or other document making a claim, and shall otherwise provide such cooperation as may be sought hereunderreasonably requested by the Indemnitor (however, but a failure to so notify an Indemnifying Party provide any such notification or cooperation shall not release affect any rights to indemnification except to the extent that the Indemnitor has been prejudiced thereby). Within five (5) Days after receipt of such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notificationnotice, the Indemnifying Party Indemnitor shall assume undertake the defense of each such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties that has been approved by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (Indemnitee, which approval shall not be unreasonably withheld or delayed delayed. If the Indemnitor undertakes the defense of a claim in the manner required by this Clause 12.3, the Indemnitee nonetheless may also, at its own expense, engage separate counsel and participate in the defense of any claim brought against it. If the Indemnitor fails to undertake and sustain the defense of any claim in the manner required by this Clause 12.3, the Indemnitee may engage separate counsel, pay, settle or otherwise finally resolve such Indemnifying Party), but if settled with such consent or if there be final judgment claim for the plaintiffaccount and at the risk and expense of the Indemnitor; provided, the Indemnifying Party shall indemnify the Indemnified Party from and against however, that any losspayment, damage or liability by reason of such settlement or final resolution otherwise received by the Indemnitee shall to the extent so received release the Indemnitor from liability for such claim. Notwithstanding anything herein to the contrary, no settlement or consent to any judgment, award or decree may be made that (i) does not unconditionally release the Indemnitee of all liability, or (ii) require the Indemnitee to make an admission of fault, in each case, without the Indemnitor’s prior written consent.

Appears in 2 contracts

Samples: Center License Agreement, Center License Agreement (SeaWorld Entertainment, Inc.)

Indemnification Procedures. Each person In any case under this Agreement where one party has indemnified the other against any claim or legal action, indemnification will be conditioned on compliance with the procedure outlined below. Provided that prompt notice is given of any claim or suit for which indemnification might be claimed, the indemnifying party promptly will defend, contest, or otherwise protect against any such claim or suit at its own cost and expense. The indemnified party may, but will not be obligated to, participate at its own expense in a defense thereof by counsel of its own choosing, but the indemnifying party will be entitled to indemnification under this Section 5 (an “Indemnified Party”) shall give notice as promptly as reasonably practicable control the defense unless the indemnified party has relieved the indemnifying party from liability with respect to each the particular matter. In the event the indemnifying party required fails to provide indemnification under this Section 5 of timely defend, contest, or otherwise protect against any action commenced against such claim or by it in respect of which indemnity may be sought hereundersuit, the indemnified party may, but failure to so notify an Indemnifying Party shall will not release be obligated to, defend, contest, or otherwise protect against the same, and make any compromise or settlement thereof and recover the entire costs thereof from the indemnifying party, including reasonable attorneys' fees, disbursements and all amounts paid as a result of such Indemnifying Party from any liability claim or suit or the compromise or settlement thereof; provided, however, that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced if the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume indemnifying party undertakes the defense of such action if it is a claim brought by a third party, and, if and after such assumptionmatter, the Indemnifying Party shall indemnified party will not be entitled to reimbursement recover from the indemnifying party costs incurred in the defense thereof other than the reasonable costs of any expenses incurred investigation undertaken by it the indemnified party and reasonable costs of providing assistance. The indemnified party will cooperate and provide such assistance as the indemnifying party may reasonably request in connection with such action except as described below. In any such action, any Indemnified Party shall have the right defense of the matter subject to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentindemnification.

Appears in 2 contracts

Samples: Agreement (Dey Inc), Agreement (Dey Inc)

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Indemnification Procedures. Each person Promptly after receipt by an indemnified party under this Article 4 of notice of the commencement of any action (including any governmental action) for which a party may be entitled to indemnification hereunder, such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 5 (an “Indemnified Party”) shall Article 4, give the indemnifying party notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Partycommencement thereof. Upon The indemnifying party shall have the right to participate in such notificationaction and, to the Indemnifying Party shall extent the indemnifying party so desires, participate jointly with any other indemnifying party to which notice has been given, and to assume the defense of such action if it is a claim brought thereof with counsel mutually satisfactory to the parties; provided, however, that an indemnified party (together with all other indemnified parties that may be represented without conflict by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party one (1) counsel) shall have the right to retain its own one (1) separate counsel, but with the fees and expenses to be paid by the indemnifying party, if representation of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties indemnified party by the same counsel would retained by the indemnifying party would, in the reasonable opinion of counsel, be inappropriate due to actual or potential differing or conflicting interests between themsuch indemnified party and any other party represented by such counsel in such action. The Indemnifying Party shall not be liable for any settlement failure to give notice to the indemnifying party within a reasonable time of the commencement of any proceeding effected without its written consent (which such action shall relieve such indemnifying party of any liability to the indemnified party under this Article 4, to the extent that such failure materially prejudices the indemnifying party’s ability to defend such action. The failure to give notice to the indemnifying party will not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against relieve it of any loss, damage or liability by reason of such settlement or judgmentthat it may have to any indemnified party otherwise than under this Article 4.

Appears in 2 contracts

Samples: Registration Rights Agreement (Talos Energy Inc.), Registration Rights Agreement (Talos Energy Inc.)

Indemnification Procedures. Each person entitled (a) If an Indemnified Purchaser Entity or an Indemnified Seller Entity (each, an “Indemnified Entity”) believes that a claim, demand or other circumstance exists that has given or may reasonably be expected to give rise to a right of indemnification under this Section 5 Article XI (an whether or not the amount of Damages relating thereto is then quantifiable), such Indemnified Entity shall assert its claim for indemnification by giving written notice thereof (a Indemnified Claim Notice”) to the parties from which indemnification is sought (collectively, the “Indemnifying Party”) (i) if the event or occurrence giving rise to such claim for indemnification is, or relates to, a claim, suit, action or proceeding, including an audit or proceeding with respect to Taxes, brought by a Person not a party to this Agreement or Affiliated with any such party (a “Third Party”), within 30 days following receipt of notice of such claim, suit, action or proceeding by such Indemnified Entity, or (ii) if the event or occurrence giving rise to such claim for indemnification is not, or does not relate to, a claim, suit, action or proceeding brought by a Third Party, within 30 days after the discovery by the Indemnified Entity of the circumstances giving rise to such claim for indemnity. Each Claim Notice shall describe the claim in reasonable detail and shall provide an estimate to the extent then quantifiable of the amount of Damages relating thereto. Failure of the Indemnified Entity to give notice as promptly as reasonably practicable to each party required to provide indemnification under set forth in this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party 11.3 shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced affect the position of indemnification provided under clause (i) above except and to the Indemnifying Party. Upon such notification, extent the Indemnifying Party shall assume the defense is actually and materially prejudiced as a result of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentfailure.

Appears in 2 contracts

Samples: Sale and Purchase Agreement (J P Morgan Chase & Co), Sale and Purchase Agreement (E Trade Financial Corp)

Indemnification Procedures. Each person entitled If any claim is made by a party which would give rise to a right of indemnification under this Section 5 paragraph, the party seeking indemnification (an “Indemnified Party) shall give will promptly cause notice as promptly as reasonably practicable thereof to each be delivered to the party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be from whom is sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the (Indemnifying Party). Upon such notification, The Indemnified Party will permit the Indemnifying Party shall to assume the defense of any such action if it is a claim brought by a third party, and, if and after such assumption, or any litigation resulting from the claims. Counsel for the Indemnifying Party shall which will conduct the defense must be approved by the Indemnified Party (whose approval will not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such actionunreasonable withheld), any and the Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of may participate in such counsel shall be defense at the expense of the Indemnified Party. The indemnifying Party will not in the defense of any such claim or litigation, consent to entry of any judgment or enter into any settlement without the written consent of the Indemnified Party unless (A) which consent will not be unreasonably withheld). The Indemnified Party will not, in connection with any such claim or litigation, consent to entry of any judgment or enter into any settlement without the written consent of the Indemnifying Party (which consent will not be unreasonable withheld). The Indemnified Party will cooperate fully with the Indemnifying Party and make available to the Indemnifying Party all pertinent information under its control relating to any such claim or litigation. If the Indemnifying Party refuses or fails to conduct the defense as required in this Section, then the Indemnified Party may conduct such defense at the expense of the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both approval of the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall will not be liable required for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason entry of such settlement or judgment. 11.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Green Endeavors, Ltd.), Stock Purchase Agreement (Green Endeavors, Ltd.)

Indemnification Procedures. Each person entitled A Party (the “Indemnitee”) which intends to claim indemnification under this Section 5 8.4 shall promptly notify the other Party (an the Indemnified PartyIndemnitor”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 in writing of any action commenced against action, claim or by it other matter in respect of which indemnity may be sought hereunderthe Indemnitee or any of its directors, but officers or employees intend to claim such indemnification; provided, however, that the failure to so notify an Indemnifying Party provide such notice within a reasonable period of time shall not release relieve the Indemnitor of any of its obligations hereunder except to the extent the Indemnitor is prejudiced by such Indemnifying Party from any liability that it may havefailure. The Indemnitee and its directors, otherwise than on account of this indemnity agreement so long as such failure officers or employees and agents shall not have materially prejudiced cooperate fully with the position of Indemnitor and its legal representatives in the Indemnifying Party. Upon such notificationinvestigation, the Indemnifying Party shall assume the negotiations, compromise, settlement and defense of such action if it is a any action, claim brought or other matter covered by a third partythis indemnification, and, if at the Indemnitor’s sole cost and after such assumption, the Indemnifying Party expense. The Indemnitor shall not be entitled to reimbursement in charge of and control of any expenses incurred by it in connection with such action except as described below. In any such actioninvestigation, any Indemnified Party negotiation, compromise, settlement and defense and shall have the right to retain its own counsel, but select counsel with respect thereto. In no event shall the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, Indemnitee compromise or (B) the named parties in settle any such action (including any impleaded parties) include both matter without the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its prior written consent (of the Indemnitor, which shall not be unreasonably withheld bound by any such compromise or delayed settlement absent its prior written consent. In no event shall the Indemnitor compromise or settle any such matter for anything other than the payment of money without the prior written consent of the Indemnitee, which shall not be bound by any such Indemnifying Party)compromise or settlement absent its prior written consent. The Indemnitee shall have the right, but if settled not the obligation, to be represented by counsel of its own selection and at its own cost and expense. [***] Certain information in this document has been omitted and filed separately with such consent or if there be final judgment for the plaintiff, Securities and Exchange Commission. Confidential treatment has been requested with respect to the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentomitted portions.

Appears in 2 contracts

Samples: Mutual Confidentiality Agreement, Mutual Confidentiality Agreement (Prothena Corp PLC)

Indemnification Procedures. Each person entitled to indemnification Promptly after receipt by an indemnified party under this Section 5 2.6 of notice of the commencement of any action (an “Indemnified Party”) shall give notice as promptly as reasonably practicable including any governmental action), such indemnified party will, if a claim in respect thereof is to each be made against any indemnifying party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder2.6, but failure deliver to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position indemnifying party a written notice of the Indemnifying Party. Upon such notificationcommencement thereof and the indemnifying party shall have the right to participate in and, to the Indemnifying Party shall extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense of such action if it is a claim brought thereof with counsel mutually satisfactory to the parties; provided, however, that an indemnified party (together with all other indemnified parties that may be represented without conflict by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party one counsel) shall have the right to retain its own one separate counsel, but with the fees and expenses to be paid by the indemnifying party, if representation of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties indemnified party by the same counsel retained by the indemnifying party would be inappropriate due to actual or potential differing or conflicting interests between themsuch indemnified party and any other party represented by such counsel in such proceeding. The Indemnifying Party failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action, if prejudicial to its ability to defend such action, shall relieve such indemnifying party of liability to the indemnified party under this Section 2.6 to the extent of such prejudice, but the omission so to deliver written notice to the indemnifying party will not be liable for relieve it of any liability that it may have to any indemnified party otherwise than under this Section 2.6. No indemnifying party, in the defense of any such claim or litigation, shall, except with the consent of each indemnified party, consent to the entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party a release from and against any loss, damage or all liability by reason in respect of such settlement claim or judgmentlitigation.

Appears in 2 contracts

Samples: Registration Rights Agreement (Susser Holdings CORP), Registration Rights Agreement (Susser Holdings CORP)

Indemnification Procedures. Each If a Third-Party Claim is made against any person entitled to indemnification under this pursuant to Section 5 6.02 (an “Indemnified Party”), and if such Indemnified Party intends to seek indemnity with respect thereto under Section 6.02, such Indemnified Party shall promptly notify in writing the party obligated to indemnify such Indemnified Party (the “Indemnifying Party”) shall of the nature of the claim. The failure by the Indemnified Party to give notice as promptly as reasonably practicable to each party required to provide indemnification provided above shall not relieve the Indemnifying Party of its obligations under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunderArticle VI, but failure except to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability the extent that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party’s rights are actually prejudiced as a result of such failure to give notice. Upon such notificationreceipt of notice of the assertion of a claim, the Indemnifying Party shall assume have the right to assume, reasonably and promptly, the defense of such action if it is a the claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described belowat its own expense. In any such action, any The Indemnified Party shall have the right to retain its own counselemploy separate counsel and to participate in (but not control) any such action, but the fees and expenses of such counsel shall be at the expense of such the Indemnified Party unless (A) Party. If the Indemnifying Party and does not reasonably promptly assume the defense, the Indemnified Party shall have mutually agreed the right to employ counsel and to control the contrarydefense against the claim, or (B) and the named parties in any reasonable fees and expenses of such action (including any impleaded parties) include both counsel shall be at the expense of the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themParty. The Indemnifying Party shall not be liable for enter into any settlement of a claim that includes any proceeding effected term other than just a payment of money, nor any settlement of a claim that does not include as an unconditional term thereof the giving by the claimant or plaintiff to the Indemnified Party a full release from all liability with respect to the claim, in each case, without its the prior written consent of the Indemnified Party (which consent shall not be unreasonably withheld or delayed by such Indemnifying withheld). The Indemnified Party), but if settled with such it shall control the defense of the claim, shall not enter into any settlement of a claim without the prior written consent or if there be final judgment for the plaintiff, of the Indemnifying Party (which consent shall indemnify the not be unreasonably withheld). The Indemnified Party from shall provide all reasonable cooperation and against assistance, at the Indemnifying Party’s expense, in the defense of any lossclaim for which indemnification is available and shall furnish such records, damage or liability by reason of information, testimony and attend such settlement or judgmentconferences, discovery proceedings, hearings, trials and appeals as may reasonably be requested.

Appears in 2 contracts

Samples: Administrative Services Agreement (Lazard LTD), Administrative Services Agreement (Lazard LTD)

Indemnification Procedures. Each person entitled to indemnification Promptly after receipt by a Holder Indemnitee or a Company Indemnitee (collectively, "Indemnitees" and, individually, an "Indemnitee") under this Section 5 (an “Indemnified Party”6.8(a) shall give or 6.8(b) of notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of the commencement of any action commenced against or by it action, such Indemnitee will, if a claim in respect thereof is to be made against the indemnifying party under such clause, notify the indemnifying party in writing of which indemnity may be sought hereunder, the commencement thereof; but failure the omission so to so notify an Indemnifying Party shall the indemnifying party will not release such Indemnifying Party relieve the indemnifying party from any liability which it may have to any Indemnitee otherwise than under such clauses except to the extent that the indemnifying party has been prejudiced by the failure to receive such notice. In case any such action is brought against any Indemnitee, and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be entitled to participate in, and, to the extent that it may havewish, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notificationjointly with any other indemnifying party similarly notified, the Indemnifying Party shall to assume the defense of thereof, with counsel reasonably satisfactory to such action if it is a claim brought by a third partyIndemnitee, and, if and after written notice from the indemnifying party to such assumptionIndemnitee of its election to assume the defense thereof, the Indemnifying Party shall indemnifying party will not be entitled liable to reimbursement of such Indemnitee under such clause for any legal or other expenses subsequently incurred by it such Indemnitee in connection with such action except as described below. In any such action, any Indemnified Party shall the defense thereof other than reasonable costs of investigation; provided that the Indemnitee will have the right to retain its own employ one counsel to represent such Indemnitee if, in the reasonable judgment of such Indemnitee (based on the written opinion of counsel), but it is advisable for such party to be represented by separate counsel because a conflict of interest exists between such indemnified and indemnifying party in respect of such claim, and in that event the reasonable fees and expenses of such separate counsel shall will be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties paid by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themindemnifying party. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party)Notwithstanding the foregoing, but if settled with such consent or if there be final judgment for the plaintiffCompany is an Indemnitee, the Indemnifying Party shall indemnify Company will designate the Indemnified Party from one counsel, and against any lossin all other circumstances, damage or liability the one counsel will be designated by reason a majority in interest based upon the Registrable Securities of such settlement or judgmentthe Indemnities. For purposes of this Section 6.8 the terms "control," and "controlling person" have the meanings which they have under the Securities Act.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Computer Integration Corp), Exhibit 1 (Codinvest LTD)

Indemnification Procedures. Each person In the event of a claim by a third party, with respect to which either CSG or a Client is entitled to indemnification under any provision of this Section 5 Agreement, the party seeking indemnification (an “Indemnified Party”) shall give notice as promptly as reasonably practicable to each notify the other party required to provide indemnification under this Section 5 of (“Indemnifying Party”); provided, however, that any action commenced against or by it in respect of which indemnity may be sought hereunder, but unintentional failure to so notify an make such prompt notification shall not relieve the Indemnifying Party of its obligations hereunder unless the Indemnifying Party’s ability to defend such claim is materially prejudiced thereby. The Indemnifying Party shall not release such have sole control over the defense of the claim and any negotiation for its settlement or compromise, and the Indemnified Party shall comply with any reasonable actions required by the Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of (at the Indemnifying Party. Upon such notification, ’s expense) to minimize the Indemnifying Party shall assume Party’s and/or the defense Indemnified Party’s liability in the claim, provided such compliance is not, in the reasonable opinion of such action if it is a claim brought by a third partythe Indemnified Party’s counsel, and, if and after such assumptionadverse to the Indemnified Party’s interests. However, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In settle any such actionclaim or alleged claim without first obtaining the Indemnified Party’s prior written consent where the settlement would result in any admission of wrongdoing or liability on the part of the Indemnified Party, impose any obligation or liability on the Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless party (A) the Indemnifying Party and other than monetary liability for which the Indemnified Party shall have mutually agreed to is indemnified by the contraryIndemnifying Party, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and adversely affect the Indemnified Party Party’s rights, and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written such consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party)withheld. In addition, but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against may participate in any loss, damage or liability by reason of such settlement or judgmentclaim for indemnification under this Agreement using its own counsel at its own expense.

Appears in 2 contracts

Samples: Production Services Agreement (CSG Systems International Inc), Production Services Agreement (CSG Systems International Inc)

Indemnification Procedures. Each person entitled to indemnification under this Section 5 (an “Indemnified Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of If any action commenced will be brought against or by it any party in respect of which indemnity may be sought hereunderpursuant to this Agreement (the “ Indemnified Party ”), but failure to so such Indemnified Party will promptly notify an the party from whom indemnity is being sought (the “ Indemnifying Party shall not release such Indemnifying Party from any liability that it may have”) in writing, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, and the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall will have the right to retain assume the defence thereof with counsel of its own counselchoosing. Any Indemnified Party will have the right to employ separate counsel in any such action and participate in the defence thereof, but the fees and expenses of such counsel shall will be at the expense of such Indemnified Party unless (A) except to the extent that the employment thereof has been specifically authorized by the Indemnifying Party in writing, the Indemnifying Party has failed after a reasonable period of time to assume such defence and to employ counsel or in such action there is, in the reasonable opinion of such separate counsel, a material conflict on any material issue between the position of the Indemnifying Party and the position of such Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themParty. The Indemnifying Party shall will not be liable to any Indemnified Party under this Section 13 for any settlement of any proceeding by an Indemnified Party effected without its the Indemnifying Party’s prior written consent, which consent (which shall will not be unreasonably withheld or delayed by such Indemnifying Party)delayed; or to the extent, but if settled with such consent or if there be final judgment for only to the plaintiffextent that a loss, the Indemnifying Party shall indemnify the Indemnified Party from and against any lossclaim, damage or liability by reason of such settlement or judgmentis attributable to any Indemnified Party’s indemnification pursuant to this Section 13.

Appears in 2 contracts

Samples: Trust Agreement, Agreement (Future Energy Corp.)

Indemnification Procedures. Each person entitled to indemnification under this Section 5 In case any proceeding (an “Indemnified Party”including any -------------------------- governmental investigation) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of be instituted involving any action commenced against or by it Person in respect of which indemnity may be sought hereunderpursuant to either paragraph (a) or (b) above, but such Person (the "indemnified party") shall promptly notify the Person against whom such indemnity may be sought (the "indemnifying party") in writing and the indemnifying party shall retain counsel reasonably satisfactory to the indemnified party to represent the indemnified party and any others the indemnifying party may designate in such proceedings and shall pay the fees and disbursements of such counsel relating to such proceeding. The failure or delay of an indemnified party to so notify an Indemnifying Party the indemnifying party with respect to a particular proceeding shall not release such Indemnifying Party relieve the indemnifying party from any obligation or liability that which it may have, otherwise than on account of have pursuant to this indemnity agreement so long as Agreement if the indemnifying party is not prejudiced by such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described belowor delay. In any such actionproceeding, any Indemnified Party indemnified party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themindemnified party. The Indemnifying Party indemnifying party shall not be liable for any settlement of any proceeding effected without its written consent. No indemnifying party shall, without the prior written consent of any indemnified party (which consent shall not be unreasonably withheld withheld), effect any settlement of any pending or delayed threatened proceeding in respect of which such indemnified party is a party and indemnity could have been sought hereunder by such Indemnifying Party)indemnified party, but if settled with unless such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason settlement includes an unconditional release of such indemnified party from all liability on all claims that are the subject matter of such proceeding and such settlement does not admit to the participation or judgmentconduct of any criminal activity.

Appears in 2 contracts

Samples: Registration Rights Agreement (Monroe Inc), Registration Rights Agreement (Merkert American Corp)

Indemnification Procedures. Each person party entitled to indemnification under this Section 5 8.6 (an the “Indemnified Party”) shall will give notice as promptly as reasonably practicable to each the party required to provide indemnification under this Section 5 (the “Indemnifying Party”) promptly after such Indemnified Party has actual knowledge of any action commenced against or by it in respect of claim as to which indemnity may be sought hereundersought, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, and will permit the Indemnifying Party shall to assume the defense of such action if it is a claim brought by a third party, and, if and after or any litigation resulting from such assumption, claim; provided that counsel for the Indemnifying Party shall who will conduct the defense of such claim or any litigation resulting from such claim, will be approved by the Indemnified Party (whose approval will not be entitled to reimbursement of any expenses incurred by it unreasonably withheld), and the Indemnified Party may participate in connection with such action except as described belowdefense at such Indemnified Party’s expense. In any such actionNotwithstanding the foregoing, any Indemnified Party’s failure to give notice as provided in this Section 8.6(c) will not relieve the Indemnifying Party shall have of the right Indemnifying Party’s obligations under this Section 8.6 to retain its own counselthe extent such failure is not prejudicial. No Indemnifying Party, but in the fees and expenses defense of any such claim or litigation, will, except with the consent of each Indemnified Party, consent to entry of any judgment or enter into any settlement that does not include as an unconditional term of such counsel shall be at judgment or such settlement the expense claimant’s or plaintiff’s release of such Indemnified Party unless (A) from all liability in respect to such claim or litigation. Each Indemnified Party will furnish such information regarding such Indemnified Party or the claim in question as an Indemnifying Party may reasonably request in writing and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties as will be reasonably required in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled connection with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason defense of such settlement or judgmentclaim and litigation resulting from such claim.

Appears in 2 contracts

Samples: Secured Note Purchase Agreement (Medicalcv Inc), Secured Note Purchase Agreement (Medicalcv Inc)

Indemnification Procedures. Each person Person entitled to indemnification under this Section 5 Article VI (an “Indemnified Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 Article VI (an “Indemnifying Party”) of the commencement of any action commenced against action, suit, proceeding or by it investigation or threat thereof made in writing in respect of which indemnity may be sought hereunder; provided, but however, failure to so notify an Indemnifying Party shall not release relieve such Indemnifying Party from any liability that it may have, have otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, assumption the Indemnifying Indemnified Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (Ai) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, contrary or (Bii) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. An Indemnifying Party who is not entitled to, or elects not to, assume the defense of a claim shall not be obligated to pay the fees and expenses of more than one counsel in any one action for all parties indemnified by such Indemnifying Party with respect to such claim except for local counsel if the attorneys selected by the Indemnified Party do not maintain an office within the jurisdiction of the court, unless in the reasonable judgment of any Indemnified Party a conflict of interest may exist between such Indemnified Party and any other of such Indemnified Parties with respect to such claim, in which event the Indemnifying Party shall be obligated to pay the fees and expenses of such additional counsel or counsels. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgment. In the event that any indemnifying party enters into any settlement without the written consent of the indemnified party the indemnifying party shall not consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff of a release of such indemnified party from all liability in respect of such claim or litigation.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Paid Inc), Common Stock Purchase Agreement (Pacific Continental Corp)

Indemnification Procedures. Each person entitled to indemnification under A Fund C Indemnitee or Partnership Indemnitee, as the case may be (for purposes of this Section 5 (9.4, an “Indemnified Party”) ), shall give the indemnifying party under Section 9.1 or Section 9.2, as applicable (for purposes of this Section 9.4, an “Indemnifying Party”), prompt written notice as promptly as reasonably practicable of any matter which it has determined has given or could give rise to each party required to provide a right of indemnification under this Section 5 Agreement, stating the amount of any action commenced against or by it the Loss, if known, and method of computation thereof, containing a reference to the provisions of this Agreement in respect of which indemnity may be sought hereundersuch right of indemnification is claimed or arises; provided, but however, that the failure to so notify an Indemnifying Party provide such notice shall not release such the Indemnifying Party from its obligations under this Article 9 except to the extent the Indemnifying Party is prejudiced by such failure. In connection with any liability that it may haveclaim giving rise to indemnity hereunder resulting from or arising out of any Action by a Person who is not a party to this Agreement, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, at its sole cost and expense and upon written notice to the Indemnifying Party shall Indemnified Party, may assume the defense of any such action if it is a claim brought by a third partyAction with counsel reasonably satisfactory to the Indemnified Party. The Indemnified Party shall be entitled to participate in the defense of any such Action, and, if with its counsel and after such assumption, at its own cost and expense. If the Indemnifying Party does not assume the defense of any such Action, the Indemnified Party may, but shall not be entitled obligated to, defend against such Action in such manner as it may deem appropriate, including, but not limited to, settling such Action, after giving notice of it to reimbursement of any expenses incurred the Indemnifying Party, on such terms as the Indemnified Party may deem appropriate and no action taken by it the Indemnified Party in connection accordance with such action except as described below. In any such action, any Indemnified Party defense and settlement shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) relieve the Indemnifying Party and the Indemnified Party shall have mutually agreed of its indemnification obligations herein provided with respect to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themdamages resulting therefrom. The Indemnifying Party shall not be liable for settle any settlement of any proceeding effected Action without its the Indemnified Party’s prior written consent (which consent shall not be unreasonably withheld or delayed by such Indemnifying Partydelayed), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgment.

Appears in 2 contracts

Samples: Membership Interest Contribution Agreement, Membership Interest Contribution Agreement (Landmark Infrastructure Partners LP)

Indemnification Procedures. Each person If any action is brought or any claim is made against any party entitled to indemnification under be indemnified pursuant to this Section 5 (an “Indemnified Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of any action commenced against or by it 6 in respect of which indemnity may be sought hereunderagainst the indemnitor pursuant to Section 6 hereof, but failure to so such party shall promptly notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position indemnitor in writing of the Indemnifying Party. Upon institution of such notification, action or the Indemnifying Party making of such claim and the indemnitor shall assume the defense of such action if it is a claim brought by a third partyor claim, and, if including the employment of counsel and after such assumption, the Indemnifying Party shall not be entitled to reimbursement payment of any expenses incurred by it in connection with such action except as described belowexpenses. In any such action, any Indemnified Party Such indemnified party shall have the right to retain employ its or their own counselcounsel in any such case, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party party unless (A) the Indemnifying Party and the Indemnified Party employment of such counsel shall have mutually agreed been authorized in writing by the indemnitor in connection with the defense of such action or claim or such indemnified party or parties shall have reasonably concluded that there may be defenses available to it or them which are different from or additional to those available to the contraryindemnitor (in which case the indemnitor shall not have the right to direct any different or additional defense of such action or claim on behalf of the indemnified party or parties), or (B) in any of which events such fees and expenses of not more than one additional counsel for the named indemnified parties in shall be borne by the indemnitor. Except as expressly provided above, if the indemnitor shall not previously have assumed the defense of any such action (including or claim, at such time as the indemnitor does assume the defense of such action or claim, the indemnitor shall thereafter be liable to any impleaded parties) include both person indemnified pursuant to this Agreement for any legal or other expenses subsequently incurred by such person in investigating, preparing or defending against such action or claim. Anything in this paragraph to the Indemnifying Party and contrary notwithstanding, the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party indemnitor shall not be liable for any settlement of any proceeding such claim or action effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentconsent.

Appears in 2 contracts

Samples: Registration Rights Agreement (American Eagle Group Inc), Warrant Registration Rights Agreement (American Eagle Group Inc)

Indemnification Procedures. Each person entitled A party claiming indemnification pursuant to indemnification under this Section 5 (an “section shall promptly give the other party written notice of any action, suit or proceeding to which it claims such indemnity applies. The indemnifying party shall provide the defense with respect to claims to which this indemnity applies and in doing so shall have the right to control the defense and settlement with respect to such claims; provided, however, that any settlement includes a general release of the indemnified party with no admission or finding of fault by the indemnified party. The indemnified party shall cooperate fully with the indemnifying party in such defense, including making relevant documents available and providing witnesses to testify at any deposition, trial, hearing, arbitration, or other proceeding. A KNC Indemnified Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 Party or Synthes Indemnified Party may participate at its expense in the defense of any action commenced against or by it in respect of claim which indemnity may be sought hereunder, but failure asserted against it and for which such party seeks indemnity pursuant to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account the provisions of this indemnity agreement so long as section, or such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying KNC Indemnified Party shall or Synthes Indemnified Party may assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such or action, any Indemnified Party shall have including the right to retain settle or compromise any claim against it without the consent of the indemnifying party; provided, however, that in assuming such defense it shall be deemed to have waived its own counsel, but right to indemnification except in cases where: (i) the fees indemnifying party has failed to promptly initiate and expenses continue the defense of such counsel shall be at the expense of such Indemnified Party unless claim; or (Aii) the Indemnifying Party indemnified party reasonably determines that a conflict of interest between the indemnifying party and the Indemnified Party indemnified party exists with respect to such claim. Each party shall have mutually agreed make a reasonable effort to the contrary, or (B) the named parties cooperate in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentand/or defense.

Appears in 2 contracts

Samples: Supply Agreement (Kensey Nash Corp), Supply Agreement (Kensey Nash Corp)

Indemnification Procedures. Each person entitled to indemnification The Party claiming indemnity under this Section 5 Article 11 (an “the "Indemnified Party") shall give written notice to the Party from whom indemnity is being sought (the "Indemnifying Party") promptly after learning of such Claim. In the event of a claim relating to the U.S., the Parties shall confer as promptly as reasonably practicable to each party required to provide whether such claim would result in indemnification under this Section 5 of 11.3 and in any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure event how to so notify an respond to the claim. The Indemnified Party shall provide the Indemnifying Party shall not release such Indemnifying Party from any liability that it may havewith reasonable assistance, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of at the Indemnifying Party's expense, in connection with the defense of the Claim for which indemnity is being sought. Upon The Indemnified Party may participate in and monitor such notificationdefense with counsel of its own choosing at its sole expense; provided, however, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain assume and conduct the defense of the Claim with counsel of its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themchoice. The Indemnifying Party shall not settle any claim without the prior written consent of the Indemnified Party, such consent not to be liable for unreasonably withheld, unless the settlement involves only the payment of money. So long as the Indemnifying Party is actively defending the Claim in good faith, the Indemnified Party shall not settle any such Claim without the prior written consent of the Indemnifying Party. If the Indemnifying Party does not assume and conduct the defense of the Claim as provided above, (a) the Indemnified Party may defend against, and consent to the entry of any judgment or enter into any settlement of with respect to the claim in any proceeding effected without its written manner the Indemnified Party may deem reasonably appropriate (and the Indemnified Party need not consult with, or obtain any consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintifffrom, the Indemnifying Party in connection therewith), and (b) the Indemnifying Party shall remain responsible to indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentas provided in this Article 11.

Appears in 2 contracts

Samples: Collaboration and License Agreement (Affymax Inc), Collaboration and License Agreement (Affymax Inc)

Indemnification Procedures. Each person entitled to personentitledto indemnification under this Section 5 6 (an “Indemnified Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 6 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (Ai) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (Bii) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgment.

Appears in 2 contracts

Samples: Note Subscription Agreement (True Drinks Holdings, Inc.), Note Subscription Agreement (True Drinks Holdings, Inc.)

Indemnification Procedures. Each person entitled In the event of any such Claim against any of the Celgene Indemnified Parties by any Third Party, Celgene shall promptly, and in any event within [***] Business Days, notify Vividion in writing of the Claim. Vividion shall have the right, exercisable by notice to indemnification under this Section 5 Celgene within [***] Business Days after receipt of notice from Celgene of the Claim, to assume direction and control of the defense, litigation, settlement, appeal or other disposition of the Claim (an “Indemnified Party”provided that such Claim is solely for monetary damages and Vividion agrees to pay all Damages relating to such matter, as evidenced in a written confirmation delivered by Vividion to Celgene) shall give notice as promptly as with counsel selected by Vividion and reasonably practicable acceptable to each party required Celgene; provided, however, that the failure to provide indemnification under this Section 5 timely notice of any action commenced against or a Claim by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying a Third Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as limit a Celgene Indemnified Party’s right for indemnification hereunder except to the extent such failure results in actual prejudice to Vividion. The Celgene Indemnified Parties shall not have materially prejudiced the position of the Indemnifying Party. Upon such notificationcooperate with Vividion and may, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third partyat their option and expense, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties separately represented in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themproceeding. The Indemnifying Party Vividion shall not be liable for any settlement of any proceeding effected litigation costs or expenses incurred by the Celgene Indemnified Parties without its Vividion’s prior written consent (which authorization for so long as Vividion controls such litigation. In addition, Vividion shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment responsible for the plaintiffindemnification or defense of any Celgene Indemnified Party to the extent arising from any negligent or intentional acts by any Celgene Indemnified Party or the breach by Celgene of any representation, the Indemnifying obligation or warranty under this Agreement, or any Claims compromised or settled without its prior written consent. Each Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentuse reasonable efforts to mitigate Damages indemnified under this Section 13.2.

Appears in 2 contracts

Samples: License Agreement (Vividion Therapeutics, Inc.), License Agreement (Vividion Therapeutics, Inc.)

Indemnification Procedures. Each person entitled to indemnification The Indemnified Party shall promptly notify the Licensee upon becoming aware of a Claim under this Section 5 (an “9. The Licensee shall promptly assume control of the defense and investigation of such Claim, with counsel reasonably acceptable to the Indemnified Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to reasonably cooperate with the contraryLicensee in connection therewith, in each case at the Licensee’s sole cost and expense. The Indemnified Party may participate in the defense of such Claim, with counsel of its own choosing and at its own cost and expense. Licensee shall not settle any such Claim on any terms or (B) the named parties in any manner that adversely affects the rights of any Indemnified Party without such action (including any impleaded parties) include both Indemnified Party’s prior written consent. If the Indemnifying Party and Licensee fails or refuses to assume control of the defense of such Claim, the Indemnified Party has the right, but no obligation, to defend against such Claim, including settling such Claim after giving Notice to the Licensee, in each case in such manner and representation of both parties by on such terms as the same counsel would be inappropriate due Indemnified Party may deem appropriate. Neither the Indemnified Party’s failure to actual perform any obligation under this Section 9.2 nor any Indemnified Party’s act or potential differing omission in the defense or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without such Claim will relieve the Licensee of its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party)obligations under this Section 9.2, but if settled including with such consent or if there be final judgment for respect to any Losses, except to the plaintiff, extent that the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentLicensee can demonstrate that it has been materially prejudiced as a result thereof.

Appears in 2 contracts

Samples: Trademark License Agreement (Kayne Anderson Acquisition Corp), Trademark License Agreement (Kayne Anderson Acquisition Corp)

Indemnification Procedures. Each person (a) Upon obtaining knowledge of any claim or demand which has given rise to, or is expected to give rise to, a claim for indemnification hereunder, General Mills or Diageo, as the case may be, shall give written notice ("Notixx xx Claim") of such claim or demand to the other. The party giving such Notice of Claim shall furnish to the other party in reasonable detail such information as the General Mills Indemnified Parties or the Diageo Indemnified Parties, as the cxxx xay be, may have with respect to such indemnification claim (including copies of any summons, complaint or other pleading which may have been served on it and any written claim, demand, invoice, billing or other document evidencing or asserting the same). Subject to the limitations set forth in Sections 9.2(b) and 9.3(b) hereof, no failure or delay by General Mills or Diageo in the performance of the foregoing shall reduce or oxxxxxise affect the obligation of the Diageo Indemnifying Parties or the General Mills Indemnifying Parties, respectively, to indemnify and hold the Gxxxxxl Mills Indemnified Parties or the Diageo Indemnified Parties, respectixxxx, harmless, except to the extent that such failure or delay shall have actually adversely affected the General Mills Indemnifying Parties' or Diageo Indemnifying Parties', as the cxxx xay be, ability to defend against, settle or satisfy any Covered Losses for which the party seeking indemnification is entitled to indemnification under this Section 5 (an “Indemnified Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgment.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Diageo PLC), Agreement and Plan of Merger (General Mills Inc)

Indemnification Procedures. Each person entitled In the event a Party intends to claim indemnification under this Section 5 16.5 for itself or its indemnitee (an “Indemnified Party”the "Indemnitee"), such Party shall promptly notify the other Party (the "Indemnitor") shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 in writing of any action commenced against or by it matter in respect of which indemnity the Indemnitee intends to claim such indemnification. The Indemnitee shall permit the Indemnitor, at its discretion, to settle any such matter and agrees to the complete control of such defense or settlement by the Indemnitor; provided, however, that such settlement does not adversely (i) affect the Indemnitee's rights under this Agreement or (ii) impose any material obligations on the Indemnitee in addition to those set forth herein in order for Indemnitee to exercise rights under this Agreement. No settlement of any such matter which materially and adversely affect the Indemnitee's rights under this Agreement or impose any material obligations on the Indemnitee in addition to those set forth herein in order for Indemnitee to exercise rights under this Agreement may be sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced made by the position Indemnitor without the prior written consent of the Indemnifying PartyIndemnitee. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party The Indemnitee shall not be entitled to reimbursement responsible for any legal fees or other costs incurred other than as provided herein. The Indemnitee and its directors, officers and employees shall cooperate fully with the Indemnitor and its legal representatives in the investigation and defense of any matter covered by the applicable indemnification. The Indemnitee shall have the right, but not the obligation, to be represented by counsel of its own selection and at its own expenses incurred by it in connection with such action except as described belowany matter that is subject to indemnification. In any such action, any Indemnified It is understood that only a Party shall have the right to retain may claim indemnity under this Section 16 (on its own counsel, but the fees and expenses behalf or on behalf of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying PartyIndemnitee), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentother TANABE Indemnitees and VIVUS Indemnitees may not directly claim indemnity hereunder.

Appears in 2 contracts

Samples: Preferred Share Purchase Rights, Agreement (Vivus Inc)

Indemnification Procedures. Each person entitled In the event that any Indemnitee (either a Xxxxxxx Indemnitee or a Biogen Idec Indemnitee) intends to claim indemnification under this Section 5 Article XIV, such Indemnitee shall promptly notify the other Party in writing of the alleged Liability. The indemnifying Party (an Indemnified Indemnifying Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own control the defense thereof, provided that counsel for the Indemnifying Party, who shall conduct the defense of such claim or any litigation resulting therefrom, shall be approved by the Indemnitee (which approval shall not be unreasonably withheld), and the Indemnitee may participate in such defense at such Indemnitee’s expense (unless the Indemnitee shall have reasonably concluded, based upon a written opinion from outside legal counsel, but that there may be a conflict of interest between the Indemnifying Party and the Indemnitee in the defense of such action, in each of which cases the Indemnifying Party shall pay the fees and expenses of such one law firm serving as counsel for the Indemnitee). The failure of any Indemnitee to give notice as provided herein shall be at the expense of such Indemnified Party unless (A) not relieve the Indemnifying Party and the Indemnified Party shall have mutually agreed of its obligations under this Agreement to the contrary, or (B) the named parties extent that such failure to give notice did not result in any such action (including any impleaded parties) include both prejudice to the Indemnifying Party and or the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themIndemnifying Party’s insurer. The Indemnifying Party shall not be liable for any settlement Party, in the defense of any proceeding effected without its written consent such claim or litigation, shall not, except with the approval of the Indemnitee (which approval shall not be unreasonably withheld or delayed by such Indemnifying Partywithheld), but if settled with consent to entry of any judgment or enter into any settlement which (i) would result in injunctive or other relief being imposed against the Indemnitee; or (ii) does not include as an unconditional term thereof the giving by the claimant or plaintiff to such consent Indemnitee of a release from all liability in respect to such claim or if there be final judgment for litigation. The Indemnitee shall furnish such information regarding itself or the plaintiff, claim in question as the Indemnifying Party may reasonably request in writing, and shall indemnify be reasonably required in connection with the Indemnified Party from and against any loss, damage or liability by reason defense of such settlement claim or judgmentlitigation resulting therefrom.

Appears in 2 contracts

Samples: License Agreement (Santarus Inc), License Agreement (Santarus Inc)

Indemnification Procedures. Each person entitled to indemnification In the event of a potential indemnity obligation under this Section 5 11, the indemnified party shall: (an “Indemnified Party”i) shall give notice as promptly as reasonably practicable notify the indemnifying party in writing of the claim, (ii) allow the indemnifying party the right to each control the investigation, defense and settlement (if applicable) of such claim at the indemnifying party’s sole cost and expense, and (iii) upon request of the indemnifying party, provide all necessary cooperation at the indemnifying party’s expense. Failure by the indemnified party required to provide indemnification notify the indemnifying party of a claim under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party 11 shall not release such Indemnifying Party from any liability that it may haverelieve the indemnifying party of its obligations under this Section 11, otherwise than on account of this indemnity agreement so long as such failure however the indemnifying party shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement litigation expenses that the indemnified party incurred prior to the time when notice is given or for any damages and/or costs resulting from any material prejudice caused by such delay or failure to provide notice to the indemnifying party in accordance with this Section. The indemnifying party may not settle any claim in any matter that would require obligation on the part of the indemnified party (other than payment or ceasing to use infringing materials), or any proceeding effected admission of fault by the indemnified party, without its the indemnified party’s prior written consent, such consent (which shall not to be unreasonably withheld withheld, conditioned or delayed by such Indemnifying Party)delayed. Further, but any indemnification obligation under this Section 11 will not apply if settled the indemnified party settles or makes any admission with such consent or if there be final judgment for respect to a claim without the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentindemnifying party’s prior written consent.

Appears in 2 contracts

Samples: d7umqicpi7263.cloudfront.net, www.snowflake.com

Indemnification Procedures. Each person entitled In the event of any such Claim against any of the Vividion Indemnified Parties by any Third Party, Vividion shall promptly, and in any event within [***] Business Days, notify Celgene in writing of the Claim. Celgene shall have the right, exercisable by notice to indemnification under this Section 5 Vividion within [***] Business Days after receipt of notice from Vividion of the Claim, to assume direction and control of the defense, litigation, settlement, appeal or other disposition of the Claim (an “Indemnified Party”provided that such Claim is solely for monetary damages and Celgene agrees to pay all Damages relating to such matter, as evidenced in a written confirmation delivered by Celgene to Vividion) shall give notice as promptly as with counsel selected by Celgene and reasonably practicable acceptable to each party required Vividion; provided, however, that the failure to provide indemnification under this Section 5 timely notice of any action commenced against or a Claim by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying a Third Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as limit a Vividion Indemnified Party’s right for indemnification hereunder except to the extent such failure results in actual prejudice to Celgene. The Vividion Indemnified Parties shall not have materially prejudiced the position of the Indemnifying Party. Upon such notificationcooperate with Celgene and may, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third partyat their option and expense, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties separately represented in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themproceeding. The Indemnifying Party Celgene shall not be liable for any settlement of any proceeding effected litigation costs or expenses incurred by the Vividion Indemnified Parties without its Celgene’s prior written consent (which authorization for so long as Celgene controls such litigation. In addition, Celgene shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment responsible for the plaintiffindemnification or defense of any Vividion Indemnified Party to the extent arising from any negligent or intentional acts by any Vividion Indemnified Party or the breach by Vividion of any representation, the Indemnifying obligation or warranty under this Agreement, or any Claims compromised or settled without its prior written consent. Each Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentuse reasonable efforts to mitigate Damages indemnified under this Section 13.1.

Appears in 2 contracts

Samples: License Agreement (Vividion Therapeutics, Inc.), License Agreement (Vividion Therapeutics, Inc.)

Indemnification Procedures. Each person entitled If any claim is made by a party which would give rise to a right of indemnification under this Section 5 paragraph, the party seeking indemnification (an “Indemnified Party) shall give will promptly cause notice as promptly as reasonably practicable thereof to each be delivered to the party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be from whom is sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the (Indemnifying Party). Upon such notification, The Indemnified Party will permit the Indemnifying Party shall to assume the defense of any such action if it is a claim brought by a third party, and, if and after such assumption, or any litigation resulting from the claims. Counsel for the Indemnifying Party shall which will conduct the defense must be approved by the Indemnified Party (whose approval will not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such actionunreasonably withheld), any and the Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of may participate in such counsel shall be defense at the expense of the Indemnified Party. The indemnifying Party will not in the defense of any such claim or litigation, consent to entry of any judgment or enter into any settlement without the written consent of the Indemnified Party unless (A) which consent will not be unreasonably withheld). The Indemnified Party will not, in connection with any such claim or litigation, consent to entry of any judgment or enter into any settlement without the written consent of the Indemnifying Party (which consent will not be unreasonably withheld). The Indemnified Party will cooperate fully with the Indemnifying Party and make available to the Indemnifying Party all pertinent information under its control relating to any such claim or litigation. If the Indemnifying Party refuses or fails to conduct the defense as required in this Section, then the Indemnified Party may conduct such defense at the expense of the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both approval of the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall will not be liable required for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason entry of such settlement or judgment.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Nexia Holdings Inc), Stock Purchase Agreement (Nexia Holdings Inc)

Indemnification Procedures. Each person entitled to If any claim in respect of Losses is asserted or any civil, criminal, administrative or investigative action or proceeding (any such claim, action or proceeding, a “Claim”) is threatened or commenced, in each case against any party seeking indemnification under this Section 5 these provisions (an “Indemnified Party”), the Indemnified Party will promptly notify the indemnifying Party (the “Indemnifying Party”) in writing thereof. Any failure or delay by the Indemnified Party in giving such written notice shall give notice as promptly as reasonably practicable to each party required to provide indemnification not constitute a breach of this Agreement and shall not excuse the Indemnifying Party’s obligation under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunderSection, but failure except to so notify an the extent (if any) that the Indemnifying Party is prejudiced by such failure or delay. If the Indemnifying Party acknowledges in writing an indemnification obligation under this Section, it will be entitled to elect, within thirty (30) days after its receipt of such notice, to assume sole control over the investigation, defense and settlement of such Claim at its own cost, risk and expense. Neither the Indemnifying Party nor the Indemnified Party shall enter into a settlement of a Claim without the prior written consent of the other, which consent shall not release such be unreasonably withheld. After notice of a Claim by the Indemnified Party, if the Indemnifying Party from any liability that does not elect to assume sole control of the defense of such Claim, the Indemnified Party will have the right to defend such Claim in such reasonable manner as it may havedeem appropriate, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced at the position cost, risk and expense of the Indemnifying Party. Upon such notification, the The Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall will have the right to retain participate in such defense at its own counselcost and expense. Each party, but the fees at its own cost and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party expense, agrees to provide reasonable cooperation and the Indemnified Party shall have mutually agreed assistance to the contraryother party in the investigation, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party defense and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall Claim, including but not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from limited to providing access to relevant information and against any loss, damage or liability by reason of such settlement or judgmentemployees.

Appears in 2 contracts

Samples: reefstream.com, reefstream.com

Indemnification Procedures. Each person Notwithstanding the foregoing Sections 2.1 and 2.2, each party entitled to indemnification under this Section 5 (an the “Indemnified Party”) shall give notice as promptly as reasonably practicable to each the party required to provide indemnification under this Section 5 (the “Indemnifying Party”) promptly after such Indemnified Party has actual knowledge of any action commenced against or by it in respect of claim as to which indemnity may be sought hereundersought, but failure to so notify an Indemnifying Party and shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, permit the Indemnifying Party shall to assume the defense of any such claim or any litigation resulting therefrom, provided that counsel for the Indemnifying Party, who shall conduct the defense of such claim or litigation, shall be approved by the Indemnified Party (whose approval shall not unreasonably be withheld), and the Indemnified Party may participate in such defense at such party’s expense, and provided further that the failure of any Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its obligations under this Agreement unless the failure to give such notice is materially prejudicial to an Indemnifying Party’s ability to defend such action if it is a claim brought by a third partyand provided further, and, if and after such assumption, that the Indemnifying Party shall not be entitled assume the defense for matters as to reimbursement which there is a conflict of interest or as to which the Indemnifying Party is asserting separate or different defenses, which defenses are inconsistent with the defenses of the Indemnified Party. No Indemnifying Party, in the defense of any expenses incurred such claim or litigation, shall, except with the consent of each Indemnified Party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by it the claimant or plaintiff to such Indemnified Party of a release from all liability in connection with respect to such action except as described belowclaim or litigation. In any such action, any No Indemnified Party shall have the right consent to retain its own counsel, but the fees and expenses entry of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, any judgment or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for enter into any settlement without the consent of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such each Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgment.

Appears in 2 contracts

Samples: Retirement Agreement (Aaron's Inc), Registration Rights Agreement (Cornerworld Corp)

Indemnification Procedures. Each person entitled to indemnification under this Section 5 (an "Indemnified Party") shall give notice as promptly as reasonably practicable to each party Indemnifying Party required to provide indemnification under this Section 5 Article VII of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release relieve such Indemnifying Party from any liability that it may have, have otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if . If and after such assumption, assumption the Indemnifying Indemnified Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (Ai) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, contrary or (Bii) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Partyparty), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgment.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Caterpillar Inc), Securities Purchase Agreement (Asv Inc /Mn/)

Indemnification Procedures. Each person entitled to In the event that any Indemnitee is seeking indemnification under this Section 5 8.4 from a Party (an the Indemnified Indemnifying Party”) ), the other Party shall give notice notify the Indemnifying Party of such claim with respect to such Indemnitee as promptly soon as reasonably practicable to each party required to provide indemnification under this Section 5 after the Indemnitee receives notice of any action commenced against or by it in respect the claim, and the Party (on behalf of which indemnity may be sought hereunder, but failure to so notify an itself and such Indemnitee) shall permit the Indemnifying Party to assume direction and control of the defense of the claim (including the right to settle the claim solely for monetary consideration) and shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long cooperate as such failure shall not have materially prejudiced requested (at the position expense of the Indemnifying Party. Upon ) in the defense of the claim; it being understood and agreed that the right to assume the direction and control of such notificationlitigation shall be conditioned upon the ongoing existence of each of the following: (i) the Indemnifying Party expressly agrees in writing to the Indemnified Party without a reservation of rights that, as between the Parties, the Indemnifying Party shall assume be solely obligated to fully satisfy and discharge the defense of claim notwithstanding any limitation with respect to indemnification included in this Agreement; (ii) such action if it claim is solely for monetary damage; and (iii) such claim shall not involve a criminal matter or be a claim being brought by a third party, and, if and after such assumption, governmental authority. The indemnification obligations under this Section 8.4 shall not apply to any harm suffered as a direct result of any delay in notice to the Indemnifying Party hereunder or to amounts paid in settlement of any claim, demand, action or other proceeding if such settlement is effected without the consent of the Indemnifying Party, which consent shall not be entitled to reimbursement of any expenses incurred by it in connection withheld or delayed unreasonably. The Indemnitee, its employees and agents, shall reasonably cooperate with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and its legal representatives in the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement investigation of any claim, demand, action or other proceeding effected without its written consent (which shall not be unreasonably withheld or delayed covered by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentthis Section 8.4.

Appears in 2 contracts

Samples: Biofuels Evaluation and License Agreement (Senesco Technologies Inc), Confidential Treatment (Senesco Technologies Inc)

Indemnification Procedures. Each person entitled In any case in which one party hereto may be asked to indemnify the other or hold the other harmless, the party from whom indemnification is sought (the “Indemnifying Party”) shall be advised of all pertinent facts concerning the situation in question, and the party claiming a right to indemnification under this Section 5 (an the “Indemnified Party”) shall give notice as promptly as reasonably practicable will use reasonable care to each party required to provide indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so identify and notify an the Indemnifying Party shall not release such Indemnifying Party from promptly concerning any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of situation which presents or appears to present a claim for indemnification against the Indemnifying Party. Upon such notification, the The Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right option to retain its own counsel, but defend the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) against any claim which may be the subject of the indemnification, and in the event the Indemnifying Party so elects, such defense shall be conducted by counsel chosen by the Indemnifying Party and satisfactory to the Indemnified Party and the Indemnifying Party will so notify the Indemnified Party and thereupon such Indemnifying Party shall take over the complete defense of the claim and the Indemnified Party shall have mutually agreed sustain no further legal or other expenses in such situation for which indemnification has been sought under this paragraph, except the reasonable expenses of any additional counsel retained by the Indemnified Party. In no case shall any party claiming the right to the contrary, indemnification confess any claim or (B) the named parties make any compromise in any case in which the other party has been asked to indemnify such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual party unless such confession or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled compromise is made with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentother party’s prior written consent.

Appears in 2 contracts

Samples: Custody Agreement (Broadstone Real Estate Access Fund), Custody Agreement (Broadstone Real Estate Access Fund, Inc.)

Indemnification Procedures. Each person entitled to All indemnification under obligations in this Section 5 Agreement are conditioned upon the indemnified party (an “Indemnified Party”A) shall give promptly notifying the indemnifying party of any claim or liability of which the indemnified party becomes aware (including a copy of any related complaint, summons, notice as promptly as reasonably practicable to each party required or other instrument); provided, that failure to provide indemnification under this Section 5 such notice within a reasonable period of time shall not relieve the indemnifying party of any action commenced against or of its obligations hereunder except to the extent the indemnifying party is prejudiced by it in respect of which indemnity may be sought hereundersuch failure, but failure (B) allowing the indemnifying party, if the indemnifying party so requests, to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume conduct and control the defense of any such action if it is a claim brought by a third or liability and any related settlement negotiations (at the indemnifying party’s expense), (C) cooperating with the indemnifying party in the defense of any such claim or liability and any related settlement negotiations (at the indemnifying party’s expense) and (D) not compromising or settling any claim or liability without prior written consent of the indemnifying party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party)delayed. The indemnifying party shall have discretion to settle any action subject to indemnification under this Agreement; provided, that the indemnifying party shall not enter into any settlement that would adversely affect the indemnified party’s rights hereunder, or impose any obligations on the indemnified party, without the indemnified party’s written consent, which shall not be unreasonably withheld or delayed. The indemnified party shall have the right, but if settled with not the obligation, to be represented in such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from defense by counsel of its own selection and against any loss, damage or liability by reason of such settlement or judgmentat its own expense.

Appears in 2 contracts

Samples: Commercial Supply Agreement (Lexicon Pharmaceuticals, Inc.), Commercial Supply Agreement (Lexicon Pharmaceuticals, Inc.)

Indemnification Procedures. Each (a) The person entitled to seeking indemnification under this Section 5 hereunder (each, an "Indemnified Party") shall give the party or parties from whom indemnification is sought or to be sought (each, an "Indemnifying Party") prompt written notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 of any action commenced against or Loss as to which they have received written notification. If an indemnification claim involves a claim by it a third party (a "Third Party Claim"), the Indemnified Party shall promptly notify the Indemnifying Party thereof in respect writing; provided, however, that no delay on the part of which indemnity may be sought hereunder, but failure to so notify an the Indemnified Party in notifying the Indemnifying Party shall not release such relieve the Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party obligation hereunder unless (Aand then solely to the extent) the Indemnifying Party is actually and materially prejudiced thereby. An Indemnifying Party shall have ten business days from the delivery of such notice (the "Notice Response Period") to notify the Indemnified Party shall have mutually agreed whether or not it disputes its liability to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due hereunder with respect to actual such claim or potential differing or conflicting interests between themdemand. The If an Indemnifying Party disputes its liability to an Indemnified Party hereunder with respect to such claim or demand or the amount thereof, such dispute shall not be liable for any settlement resolved by a civil action in a court of appropriate jurisdiction (including as part of any proceeding effected without its written consent (with respect to the claim that gave rise to the indemnification claim to which shall not such dispute relates) which may be unreasonably withheld commenced by either party. During the Notice Response Period, no such claim or delayed demand may be settled by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentParty.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Motient Corp), Stock Purchase Agreement (Motient Corp)

Indemnification Procedures. Each person entitled to A Party seeking indemnification under this Section 5 (an “Indemnified Party”) 10 shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 notify the other Party in writing of any action commenced against action, claim or by it liability in respect of which indemnity may be sought hereundersuch Party or any related indemnified party intends to claim such indemnification. The Party seeking indemnification shall permit, but failure and shall cause its related indemnified parties to so notify an Indemnifying permit, the indemnifying Party to settle any such action, claim or liability and agrees to the control of such defense or settlement by the indemnifying Party; provided, however, that such settlement does not adversely affect the indemnified Party’s (or any related indemnified party’s) rights hereunder or impose any obligations on the indemnified Party or any related indemnified party in addition to those set forth herein. The indemnified Party shall not release settle any such Indemnifying Party from any action, claim or liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced without the position prior written consent of the Indemnifying indemnifying Party. Upon such notification, and the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying indemnifying Party shall not be entitled to reimbursement responsible for any attorneys’ fees or other costs incurred other than as provided herein. The indemnified Party and its related indemnified parties and their respective employees and legal representatives, shall cooperate reasonably with the indemnifying Party and its legal representatives in the investigation and defense of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified claim or liability covered by this Article 10 An indemnified Party shall have the right right, but not the obligation, to retain be represented by counsel of its own counselselection and at its own expense for purposes of being advised as to the status or resolution of any claim, but in which case the fees and expenses indemnifying Party shall consider in good faith the views of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying indemnified Party and its counsel and shall keep the Indemnified indemnified Party shall have mutually agreed and its counsel reasonably informed of the progress of the defense, litigation, arbitration, or settlement discussions relating to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentapplicable claim.

Appears in 2 contracts

Samples: Commercialization Agreement, Commercialization and Supply Agreement (Elevance Renewable Sciences, Inc.)

Indemnification Procedures. Each person entitled to indemnification The Party claiming indemnity under this Section 5 Article 11 (an the “Indemnified Party”) shall give written notice to the Party from whom indemnity is being sought (the “Indemnifying Party”) promptly after learning of such Claim. In the event of a claim relating to the U.S., the Parties shall confer as promptly as reasonably practicable to each party required to provide whether such claim would result in indemnification under this Section 5 of 11.1 and in any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure event how to so notify an respond to the claim. The Indemnified Party shall provide the Indemnifying Party shall not release such Indemnifying Party from any liability that it may havewith reasonable assistance, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of at the Indemnifying Party’s expense, in connection with the defense of the Claim for which indemnity is being sought. Upon The Indemnified Party may participate in and monitor such notificationdefense with counsel of its own choosing at its sole expense; provided, however, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain assume and conduct the defense of the Claim with counsel of its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between themchoice. The Indemnifying Party shall not settle any claim without the prior written consent of the Indemnified Party, such consent not to be liable for unreasonably withheld, unless the settlement involves only the payment of money. So long as the Indemnifying Party is actively defending the Claim in good faith, the Indemnified Party shall not settle any such Claim without the prior written consent of the Indemnifying Party. If the Indemnifying Party does not assume and conduct the defense of the Claim as provided above, (a) the Indemnified Party may defend against, and consent to the entry of any judgment or enter into any settlement of with respect to the claim in any proceeding effected without its written manner the Indemnified Party may deem reasonably appropriate (and the Indemnified Party need not consult with, or obtain any consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintifffrom, the Indemnifying Party in connection therewith), and (b) the Indemnifying Party shall remain responsible to indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgmentas provided in this Article 11.

Appears in 2 contracts

Samples: Confidential Treatment (Tg Therapeutics, Inc.), Confidential Treatment (Tg Therapeutics, Inc.)

Indemnification Procedures. Each person entitled In the event that ATS intends to claim indemnification under this pursuant to Section 5 7.1, ATS shall promptly notify SkinMedica subject to the indemnification obligation (an Indemnified Indemnifying Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 5 in writing of any action commenced against or by it in respect of which indemnity may be sought hereunderthe alleged Liability, but provided that the failure to so promptly notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) relieve the Indemnifying Party and the Indemnified Party shall have mutually agreed of any obligation under this Agreement except to the contrary, or (B) the named parties in any extent such action (including any impleaded parties) include both failure to provide prompt notice adversely impairs the Indemnifying Party and Party’s ability to defend against the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual claim, suit or potential differing or conflicting interests between themproceeding. The Indemnifying Party shall have the sole right to control the defense and settlement of the Liability, provided that: (i) the Indemnifying Party may not be liable for consent to imposition of any obligation or restriction on ATS in any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such unless mutually agreed among ATS and the Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, ; (ii) the Indemnifying Party shall indemnify keep ATS fully informed and permit ATS to participate (at ATS’ expense) as ATS may reasonably request; and (iii) the Indemnified ATS may, without affecting its right to indemnity hereunder, defend and settle any such claim, suit or proceeding if the Indemnifying Party from declines to defend against such claim, suit or proceeding, or otherwise fails to take responsibility therefor. ATS shall cooperate with the Indemnifying Party and against its legal representatives in the investigation of any lossLiability. Except as provided otherwise in this Section 7.2, damage the ATS shall not, except at its own cost, voluntarily make any payment or liability by reason incur any expense with respect to any claim or suit without the prior written consent of such settlement or judgmentthe Indemnifying Party.

Appears in 2 contracts

Samples: Intellectual Property License Agreement, Intellectual Property License Agreement (Skinmedica Inc)

Indemnification Procedures. Each person entitled to In the event that any Indemnitee is seeking indemnification under this Section 5 5.1 or 5.2 above from a Party (an the Indemnified Indemnifying Party”) ), the Indemnitee shall give notice notify the Indemnifying Party of such claim with respect to such Indemnitee as promptly soon as reasonably practicable to each party required to provide indemnification under this Section 5 after the Indemnitee receives notice of any action commenced against or by it in respect of which indemnity may be sought hereunderthe claim, but failure to so notify an and the Indemnitee shall permit the Indemnifying Party to assume direction and control of the defense of the claim (including the right to settle the claim solely for monetary consideration) and shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long cooperate as such failure shall not have materially prejudiced requested (at the position expense of the Indemnifying Party) in the defense of the claim. Upon such notification, The indemnification obligations under Article 5 shall not apply to any harm suffered as a direct result of any delay in notice to the Indemnifying Party shall assume hereunder or to amounts paid in settlement of any claim, demand, action or other proceeding if such settlement is effected without the defense consent of such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party Party, which consent shall not be entitled to reimbursement of any expenses incurred by it in connection withheld or delayed unreasonably. The Indemnitee, its employees and agents, shall reasonably cooperate with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and its legal representatives in the Indemnified Party shall have mutually agreed to the contraryinvestigation of any claim, demand, action or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties other proceeding covered by the same counsel would be inappropriate due to actual Section 5.1 or potential differing or conflicting interests between them5.2. The Indemnifying Party Party, without the consent of the Indemnitee, shall not be liable for settle any settlement of any claim, demand, action or other proceeding effected without its written consent (which shall not be unreasonably withheld covered by Section 5.1 or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of 5.2 unless such settlement or judgmentobtains the full and unconditional release of the Indemnitee and its Affiliates, and their respective shareholders, directors, officers, employees, agents, representatives and contractors.

Appears in 2 contracts

Samples: Product Development and License Agreement (Amedica Corp), Product Development and License Agreement (Amedica Corp)

Indemnification Procedures. Each person entitled A Party who desires to exercise its rights to indemnification under this Section 5 Agreement (an “Indemnified PartyIndemnitee”) shall give notice as promptly as reasonably practicable to each party required notify the other Party who is obligated under this Agreement to provide such indemnification under this Section 5 (an “Indemnitor”) of any action commenced against Loss or by it in respect claim for Loss or other matter for which indemnification is sought and shall deliver to the Indemnitor copies of which indemnity process and pleadings or other document making a claim, and shall otherwise provide such cooperation as may be sought hereunderreasonably requested by the Indemnitor (however, but a failure to so notify an Indemnifying Party provide any such notification or cooperation shall not release affect any rights to indemnification except to the extent that the Indemnitor has been prejudiced thereby). Within five (5) Days after receipt of such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notificationnotice, the Indemnifying Party Indemnitor shall assume undertake the defense of each such action if it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties that has been approved by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (Indemnitee, which approval shall not be unreasonably withheld or delayed delayed. If the Indemnitor undertakes the defense of a claim in the manner required by this Clause 13.3, the Indemnitee nonetheless may also, at its own expense, engage separate counsel and participate in the defense of any claim brought against it. If the Indemnitor fails to undertake and sustain the defense of any claim in the manner required by this Clause 13.3, the Indemnitee may engage separate counsel, pay, settle or otherwise finally resolve such Indemnifying Party), but if settled with such consent or if there be final judgment claim for the plaintiffaccount and at the risk and expense of the Indemnitor; provided, the Indemnifying Party shall indemnify the Indemnified Party from and against however, that any losspayment, damage or liability by reason of such settlement or final resolution otherwise received by the Indemnitee shall to the extent so received release the Indemnitor from liability for such claim. Notwithstanding anything herein to the contrary, no settlement or consent to any judgment, award or decree may be made that (i) does not unconditionally release the Indemnitee of all liability, or (ii) require the Indemnitee to make an admission of fault, in each case, without the Indemnitor’s prior written consent.

Appears in 2 contracts

Samples: Exclusivity and Concept Design Agreement, Exclusivity and Concept Design Agreement (SeaWorld Entertainment, Inc.)

Indemnification Procedures. Each person entitled If any claim is made by a party which would give rise to a right of indemnification under this Section 5 paragraph, the party seeking indemnification (an “Indemnified Party) shall give will promptly cause notice as promptly as reasonably practicable thereof to each be delivered to the party required to provide from whom indemnification under this Section 5 of any action commenced against or by it in respect of which indemnity may be is sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the (Indemnifying Party). Upon such notification, The Indemnified Party will permit the Indemnifying Party shall to assume the defense of any such action if it is a claim brought by a third party, and, if and after such assumption, or any litigation resulting from the claims. Counsel for the Indemnifying Party shall which will conduct the defense must be approved by the Indemnified Party (whose approval will not be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such actionunreasonably withheld), any and the Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of may participate in such counsel shall be defense at the expense of the Indemnified Party. The Indemnifying Party will not in the defense of any such claim or litigation, consent to entry of any judgment or enter into any settlement without the written consent of the Indemnified Party unless (A) which consent will not be unreasonably withheld). The Indemnified Party will not, in connection with any such claim or litigation, consent to entry of any judgment or enter into any settlement without the written consent of the Indemnifying Party (which consent will not be unreasonably withheld). The Indemnified Party will cooperate fully with the Indemnifying Party and make available to the Indemnifying Party all pertinent information under its control relating to any such claim or litigation. If the Indemnifying Party refuses or fails to conduct the defense as required in this Section, then the Indemnified Party may conduct such defense at the expense of the Indemnifying Party and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both approval of the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall will not be liable required for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason entry of such settlement or judgment. 11.

Appears in 2 contracts

Samples: Stock Transfer Agreement (Green Endeavors, Ltd.), Stock Transfer Agreement (Green Endeavors, Ltd.)

Indemnification Procedures. Each person Party entitled to indemnification under this Section 5 1.7 (an the “Indemnified Party”) shall will give notice as promptly as reasonably practicable to each party the Party required to provide indemnification under this Section 5 (the “Indemnifying Party”) promptly after such Indemnified Party has actual knowledge of any action commenced against or by it in respect of claim as to which indemnity may be sought hereundersought, but failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the Indemnifying Party. Upon such notification, and will permit the Indemnifying Party shall to assume the defense of such action if it is a claim brought or any litigation resulting from such claim, provided that counsel for the Indemnifying Party, who will conduct the defense of such claim or any litigation resulting from such claim, will be approved by a third partythe Indemnified Party (whose approval will not be unreasonably withheld), andand the Indemnified Party may participate in such defense at such Indemnified Party’s expense. Notwithstanding the foregoing, if and after such assumption, any Indemnified Party’s failure to give notice as provided in this Section 1.7(c) will not relieve the Indemnifying Party shall of the Indemnifying Party’s obligations under this Section 1.7 to the extent such failure is not be entitled to reimbursement prejudicial. No Indemnifying Party, in the defense of any expenses incurred by it in connection such claim or litigation, will, except with such action except the consent of each Indemnified Party, consent to entry of any judgment or enter into any settlement that does not include as described below. In any such action, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses an unconditional term of such counsel shall be at judgment or such settlement the expense claimant’s or plaintiff’s release of such Indemnified Party unless (A) from all liability in respect to such claim or litigation. Each Indemnified Party will furnish such information regarding such Indemnified Party or the claim in question as an Indemnifying Party may reasonably request in writing and the Indemnified Party shall have mutually agreed to the contrary, or (B) the named parties as will be reasonably required in any such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying Party), but if settled connection with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall indemnify the Indemnified Party from and against any loss, damage or liability by reason defense of such settlement or judgmentclaim and litigation resulting from such claim.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Inari Medical, Inc.), Investors’ Rights Agreement (Inari Medical, Inc.)

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