Common use of Matters Involving Third Parties Clause in Contracts

Matters Involving Third Parties. (i) If any third party shall notify any Party (the "Indemnified Party") with respect to any matter (a "Third Party Claim") which may give rise to a claim for indemnification against any other Party (the "Indemnifying Party") under this Section 8, then the Indemnified Party shall promptly (and in any event within 5 business days after receiving notice of the Third Party Claim) notify each Indemnifying Party thereof in writing; provided, however, that failure to provide such notice on a timely basis shall not release the Indemnifying Party from any of its obligations under this Section 8 except to the extent the Indemnifying Party is materially prejudiced by such failure.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Icommerce Group Inc), Stock Purchase Agreement (Icommerce Group Inc), Stock Purchase Agreement (Icommerce Group Inc)

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Matters Involving Third Parties. (i) If any third third-party shall notify any Party (the "Indemnified Party") with respect to any matter (a "Third Third-Party Claim") which may give rise to a claim for indemnification against any other Party (the "Indemnifying Party") under this Section 89, then the Indemnified Party shall promptly (and in any event within 5 Ten (10) business days after receiving notice of the Third Third-Party Claim) notify each Indemnifying Party thereof in writing; provided, however, that failure to provide such notice on a timely basis shall not release the Indemnifying Party from any of its obligations under this Section 8 9 except to the extent the Indemnifying Party is materially prejudiced by such failure.

Appears in 2 contracts

Samples: Agreement for the Purchase and Sale (Eworld Interactive, Inc.), Agreement for the Purchase and Sale

Matters Involving Third Parties. (i) If any third party shall notify any Party (the "Indemnified Party") with respect to any matter (a "Third Party Claim") which that may give rise to a claim for indemnification against any other Party (the "Indemnifying Party") under this Section 8, then the Indemnified Party shall promptly (and in any event within 5 five business days after receiving notice of the Third Party Claim) notify each the Indemnifying Party thereof in writing; provided, however, that writing (although the failure to provide such notice on a timely basis so notify the Indemnifying Party shall not release relieve the Indemnifying Party from any of its obligations Liability that the Indemnifying Party may have under this Section 8 8(d) except to the extent that such failure prejudices the Indemnifying Party is materially prejudiced by such failureParty).

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Markwest Hydrocarbon Inc), Purchase and Sale Agreement (Markwest Energy Partners L P)

Matters Involving Third Parties. (i) 8.4.1. If any third party shall notify any Party (the "Indemnified Party") with respect to any matter (a "Third Party Claim") which may give rise to a claim for indemnification against any other Party (the "Indemnifying Party") under this Section section 8, then the Indemnified Party shall promptly (and in any event within 5 five business days after receiving notice of the Third Party Claim) notify each Indemnifying Party thereof in writing; provided, however, provided that the failure to provide give such notice on a timely basis as provided herein shall not release relieve the applicable Indemnifying Party from any of its obligations under this Section 8 section 8.4, except to the extent the that such Indemnifying Party is materially prejudiced by such failurefailure to give notice.

Appears in 1 contract

Samples: Share Purchase Agreement (GMM Capital LLC)

Matters Involving Third Parties. (ia) If any third party shall notify any Party party (the "Indemnified Party") with respect to any matter (a "Third Third-Party Claim") which may give rise to a claim for indemnification against any other Party party (the "Indemnifying Party") under this Section 8Article VIII, then the Indemnified Party shall promptly (and in any event within 5 five (5) business days after receiving written notice of the Third Third-Party Claim) notify each the Indemnifying Party thereof in writing; provided, however, that failure to provide such written notice on a timely basis shall not release the Indemnifying Party from any of its obligations under this Section 8 Article VIII except to the extent the Indemnifying Party is materially prejudiced by such failure.

Appears in 1 contract

Samples: Asset Purchase Agreement (Alleghany Corp /De)

Matters Involving Third Parties. (i) If any third third-party shall notify any Party (the "Indemnified Party") with respect to any matter (a "Third Third-Party Claim") which may give rise to a claim for indemnification against any other Party (the "Indemnifying Party") under this Section 89, then the Indemnified Party shall promptly (and in any event within 5 ten (10) business days after receiving notice of the Third Third-Party Claim) notify each Indemnifying Party thereof in writing; provided, however, that failure to provide such notice on a timely basis shall not release the Indemnifying Party from any of its obligations under this Section 8 9 except to the extent the Indemnifying Party is materially prejudiced by such failure.

Appears in 1 contract

Samples: Purchase and Sale of Common Stock (Valcom, Inc)

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Matters Involving Third Parties. (i) If any third party shall notify any either Party (the "Indemnified Party") with respect to any matter (a "Third Party Claim") which may give rise to a claim for indemnification against any the other Party (the "Indemnifying Party") under this Section §8, then the Indemnified Party shall promptly (and in any event within 5 business days twenty (20) Business Days after receiving notice of the Third Party Claim) notify each the Indemnifying Party thereof in writing; provided, however, that . The failure to provide give such prompt notice on a timely basis shall not release relieve the Indemnifying Party from any of its obligations under this Section 8 indemnification obligations, except and only to the extent that the Indemnifying Party is materially prejudiced forfeits rights and defenses by reason of such failure.

Appears in 1 contract

Samples: Stock Purchase Agreement (Enstar Group LTD)

Matters Involving Third Parties. (i) If any third party shall notify any Party (the "Indemnified Party") with respect to any matter (a "Third Party Claim") which may give rise to a claim for indemnification against any other Party (the "Indemnifying Party") under this Section 8, then the Indemnified Party shall promptly (and in any event within 5 five (5) business days after receiving notice of the Third Party Claim) notify each Indemnifying Party thereof in writing; provided, however, that failure to provide such notice no delay on a timely basis shall not release the part of the Indemnified Party in notifying the Indemnifying Party will relieve the Indemnifying Party from any of its obligations obligation under this Section 8 8, except to the extent such delay actually and materially prejudices the Indemnifying Party is materially prejudiced by such failureParty.

Appears in 1 contract

Samples: Stock Purchase Agreement (Stanadyne Corp)

Matters Involving Third Parties. (i) If any third party shall notify notifies any Party (the "Indemnified Party") with respect to any matter (a "Third “Third-Party Claim") which that may give rise to a claim for indemnification against any other Party (the "Indemnifying Party") under this Section §8, then the Indemnified Party shall promptly (and in any event within 5 business days after receiving notice of the Third Third-Party Claim) notify each Indemnifying Party thereof in writing; provided, however, that failure to provide such notice on a timely basis shall not release relieve the Indemnifying Party from any of its obligations under this Section 8 liability or obligation hereunder except to the extent the Indemnifying Party is materially prejudiced by of any material prejudice directly resulting from such failure.

Appears in 1 contract

Samples: Asset Purchase Agreement (Authentidate Holding Corp)

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