Common use of Notice; Defense of Claims Clause in Contracts

Notice; Defense of Claims. Each party to this Agreement shall give prompt written notice to the other party or parties to this Agreement under each claim for indemnification hereunder specifying the amount and nature of the claim, and of any matter which is likely to give rise to an indemnification claim. Each party to this Agreement has the right to participate at its own expense in the defense of any such matter or its settlement, or the indemnified party may direct the indemnifying party to take over the defense of such matter so long as such defense is expeditious. Failure to give timely notice of a matter which may give rise to an indemnification claim shall not affect the rights of the indemnified party to collect such claims from the indemnifying party so long as such failure to so notify does not materially adversely affect the indemnifying party's ability to defend such claim against a third party. No indemnifying party, in the defense of any claim or litigation shall, except with the consent of an indemnified party, which consent shall not be unreasonably withheld or delayed, consent to entry of any judgment or enter into any settlement by which such indemnified party is to be bound and which judgment or settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation.

Appears in 11 contracts

Samples: Limited Liability Company Membership Interest (Pazoo, Inc.), Limited Liability Company Membership Interest (Pazoo, Inc.), Limited Liability Company Membership Interest (Pazoo, Inc.)

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Notice; Defense of Claims. Each If a claim is to be made by a party entitled to this Agreement indemnification hereunder, the party entitled to such indemnification shall give prompt written notice to the other indemnifying party or parties immediately after the party entitled to this Agreement under each claim for indemnification hereunder specifying the amount and nature of the claim, and becomes aware of any matter which is likely to give rise to an indemnification claim. Each party to this Agreement has the right to participate at its own expense in the defense of any such matter fact, condition or its settlement, or the indemnified party may direct the indemnifying party to take over the defense of such matter so long as such defense is expeditious. Failure to give timely notice of a matter event which may give rise to an a matter for which indemnification claim may be sought; provided that the failure of any indemnified party to give timely notice shall not affect the rights to indemnification hereunder except to the extent that the indemnifying party demonstrates actual damage caused by such failure. If any lawsuit or enforcement action is filed against any party entitled to the benefit of indemnity hereunder, and if the indemnifying party shall acknowledge in writing to the indemnified party to collect such claims from that the indemnifying party shall be obligated under the terms of its indemnity hereunder in connection with such lawsuit, action or claim, then the indemnifying party shall be entitled, if it so long as elects, to take control of the defense and investigation of such failure lawsuit or action and to so notify does not materially adversely affect employ and engage attorneys of its own choice to handle and defend the same, at the indemnifying party's ability to defend cost, risk and expense provided that the indemnifying party and its counsel shall proceed with diligence and in good faith with respect thereto. The indemnified party shall cooperate in all reasonable respects with the indemnifying party and such claim against a third party. No indemnifying party, attorneys in the investigation, trial and defense of such lawsuit or action and any claim or litigation shallappeal arising therefrom; provided, except with however, that the consent of an indemnified party, which consent shall not be unreasonably withheld or delayed, consent to entry of any judgment or enter into any settlement by which such indemnified party is to be bound may, at its own cost, participate in the investigation, trial and which judgment defense of such lawsuit or settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigationaction and any appeal arising therefrom.

Appears in 10 contracts

Samples: Stock Purchase and Sale Agreement (Healthcare Capital Corp), Stock Purchase and Sale Agreement (Healthcare Capital Corp), Stock Purchase and Sale Agreement (Healthcare Capital Corp)

Notice; Defense of Claims. Each party to this Agreement shall give prompt written notice to the other party or parties to this Agreement under each claim for indemnification hereunder specifying the amount and nature of the claim, and of any matter which is likely to give rise to an indemnification claim. Each party to this Agreement has the right to participate at its own expense in the defense of any such matter or its settlement, or the indemnified party may direct the indemnifying party to take over the defense of such matter so long as such defense is expeditious. Failure to give timely notice of a matter which may give rise to an indemnification claim shall not affect the rights of the indemnified party to collect such claims from the indemnifying party so long as such failure to so notify does not materially adversely affect the indemnifying party's ’s ability to defend such claim against a third party. No indemnifying party, in the defense of any claim or litigation shall, except with the consent of an indemnified party, which consent shall not be unreasonably withheld or delayed, consent to entry of any judgment or enter into any settlement by which such indemnified party is to be bound and which judgment or settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation.

Appears in 2 contracts

Samples: Contribution Agreement (KOLABORATION VENTURES Corp), Stock Purchase Agreement (Traqiq, Inc.)

Notice; Defense of Claims. Each party to this Agreement shall give prompt written notice to the other party or parties to this Agreement under each claim for indemnification hereunder specifying the amount and nature of the claim, and of any matter which is likely to give rise to an indemnification claim. Each party to this Agreement has the right to participate at its own expense in the defense of any such matter or its settlement, or the indemnified indemnifying party may direct the indemnifying party to take over the defense of such matter so long as such defense is reasonably expeditious, and in the event the indemnifying party is defending such matter, the indemnified party shall not consent to the entry of judgment or enter into any settlement by which such indemnifying party is to be bound and which settlement does not include as an unconditional term the giving by the indemnified party and the claimant or plaintiff to such indemnifying party of a release from all liability in respect to such claim or litigation. Failure to give timely notice of a matter which may give rise to an indemnification claim shall not affect the rights of the indemnified party to collect such claims from the indemnifying party so long as except to the extent such failure to so notify does not materially adversely affect affects the indemnifying party's ability to defend such claim against a third party. No indemnifying party, in the defense of any claim or litigation shall, except with the consent of an indemnified party, which consent shall not be unreasonably withheld or delayed, consent to entry of any judgment or enter into any settlement by which such indemnified party is to be bound and which judgment or settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Fellazo Corp), Stock Purchase Agreement (Dts8 Coffee Company, Ltd.)

Notice; Defense of Claims. Each party to of this Agreement shall give prompt written notice to the other party or parties to this Agreement under each claim for indemnification hereunder specifying the amount and nature of the claim, claim and of any matter which is likely to give rise to an indemnification claim. Each party to this Agreement has the right to participate at his or its own expense in the defense of any such matter or its settlement, or the indemnified party may direct the indemnifying party to take over the defense of such matter matters so long as such defense is expeditious. Failure to give timely notice of a matter which may give rise to an indemnification claim shall not affect the rights of the indemnified party to collect such claims claim from the indemnifying party so long as such failure to so notify does not materially adversely affect the indemnifying party's ’s ability to defend such claim against a the third party. No indemnifying party, in the defense of any claim or litigation litigation, shall, except with the consent of an indemnified party, which consent shall not be unreasonably withheld or delayed, consent to entry of any judgment or enter into any settlement by which such indemnified party is to be bound and which judgment or settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in and respect to such claim or litigation.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Coolbrands International Inc), Asset Purchase Agreement (Coolbrands International Inc)

Notice; Defense of Claims. Each If a claim is to be made by a party entitled to this Agreement indemnification hereunder, the party entitled to such indemnification shall give prompt written notice to the other indemnifying party or parties immediately after the party entitled to this Agreement under each claim for indemnification hereunder specifying the amount and nature of the claim, and becomes aware of any matter which is likely to give rise to an indemnification claim. Each party to this Agreement has the right to participate at its own expense in the defense of any such matter fact, condition or its settlement, or the indemnified party may direct the indemnifying party to take over the defense of such matter so long as such defense is expeditious. Failure to give timely notice of a matter event which may give rise to an a matter for which indemnification claim may be sought; provided that the failure of any indemnified party to give timely notice shall not affect the rights to indemnification hereunder except to the extent that the indemnifying party demonstrates actual damage caused by such failure. If any lawsuit or enforcement action is filed against any party entitled to the benefit of indemnity hereunder, and if the indemnifying party shall acknowledge in writing to the indemnified party to collect such claims from that the indemnifying party shall be obligated under the terms of its indemnity hereunder in connection with such lawsuit, action or claim, then the indemnifying party shall be entitled, if it or they so long as elects, to take control of the defense and investigation of such failure lawsuit or action and to so notify does not materially adversely affect employ and engage attorneys of its or their own choice to handle and defend the same, at the indemnifying party's ability to defend cost, risk and expense provided that the indemnifying party and its or their counsel shall proceed with diligence and in good faith with respect thereto. The indemnified party shall cooperate in all reasonable respects with the indemnifying party and such claim against a third party. No indemnifying party, attorneys in the investigation, trial and defense of such lawsuit or action and any claim or litigation shallappeal arising therefrom; provided, except with however, that the consent of an indemnified party, which consent shall not be unreasonably withheld or delayed, consent to entry of any judgment or enter into any settlement by which such indemnified party is to be bound may, at its or their own cost, participate in the investigation, trial and which judgment defense of such lawsuit or settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigationaction and any appeal arising therefrom.

Appears in 1 contract

Samples: Merger Agreement (Healthcare Capital Corp)

Notice; Defense of Claims. Each party to this Agreement shall give prompt written notice to the other party or parties to this Agreement under of each claim for indemnification hereunder specifying the amount and nature of the claim, and of any matter which is likely to give rise to an indemnification claim. Each The indemnifying party to this Agreement has the right to participate control, at its own expense in expense, the defense of any such matter or its settlement, or the indemnified party may direct the . The indemnifying party will use its reasonable efforts to take over the defense reach an expeditious resolution of any such matter so long as such defense is expeditiousmatter. Failure to give timely notice of a matter which may give rise to an indemnification claim shall not affect the rights of the indemnified party to collect such claims from the indemnifying party so long as such failure to so notify does not materially adversely affect the indemnifying party's ability to defend such claim against a third party. No indemnifying party, in the defense of any claim or litigation litigation, shall, except with the consent of an indemnified party, which consent shall not be unreasonably withheld or delayed, consent to entry of any judgment or enter into any settlement by which such indemnified party is to be bound and which judgment or settlement does not include include, as an unconditional term thereof thereof, the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation.. 8.5

Appears in 1 contract

Samples: Asset Purchase Agreement (General Housewares Corp)

Notice; Defense of Claims. Each party to this Agreement shall give ---------------------------- prompt written notice to the other party or parties to this Agreement under each claim for indemnification hereunder specifying the amount and nature of the claim, and of any matter which is likely to give rise to an indemnification claim. Each party to this Agreement has the right to participate at his or its own expense in the defense of any such matter or its settlement, or the indemnified party may direct the indemnifying party to take over the defense of such matter so long as such defense is expeditious. Failure to give timely notice of a matter which may give rise to an indemnification claim shall not affect the rights of the indemnified party to collect such claims from the indemnifying party so long as such failure to so notify does not materially adversely affect the indemnifying party's ability to defend such claim against a third party. No indemnifying party, in the defense of any claim or litigation shall, except with the consent of an indemnified party, which consent shall not be unreasonably withheld or delayed, consent to entry of any judgment or enter into any settlement by which such indemnified party is to be bound and which judgment or settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation.

Appears in 1 contract

Samples: Stock Purchase Agreement (Vi Group PLC)

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Notice; Defense of Claims. Each party to this Agreement shall give prompt written notice to the other party or parties to this Agreement under each claim for indemnification hereunder specifying the amount and nature of the claim, and of any matter which is likely to give rise to an indemnification claim. Each party to this Agreement has the right to participate at its own expense in the defense of any such matter or its settlement, or the indemnified indemnifying party may direct the indemnifying party to take over the defense of such matter so long as such defense is reasonably expeditious, and in the event the indemnifying party is defending such matter, the indemnified party shall not consent to the entry of judgment or enter into any settlement by which such indemnifying party is to be bound and which settlement does not include as an unconditional term the giving by the indemnified party and the claimant or plaintiff to such indemnifying party of a release from all liability in respect to such claim or litigation. Failure to give timely notice of a matter which may give rise to an indemnification claim shall not affect the rights of the indemnified party to collect such claims from the indemnifying party so long as except to the extent such failure to so notify does not materially DIGITALTOWN- REZSOURCE STOCK PURCHASE AGREEMENT - 22 adversely affect affects the indemnifying party's ability to defend such claim against a third party. No indemnifying party, in the defense of any claim or litigation shall, except with the consent of an indemnified party, which consent shall not be unreasonably withheld or delayed, consent to entry of any judgment or enter into any settlement by which such indemnified party is to be bound and which judgment or settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation.

Appears in 1 contract

Samples: Stock Purchase Agreement (DigitalTown, Inc.)

Notice; Defense of Claims. Each party to this Agreement shall give prompt written notice to the other party or parties to this Agreement under each claim for indemnification hereunder specifying the amount and nature of the claim, and of any matter which is likely to give rise to an indemnification claim. Each party to this Agreement has the right to participate at its own expense in the defense of any such matter or its settlement, or the indemnified party may direct the indemnifying party to take over the defense of such matter so long as such defense is expeditious. Failure to give timely notice of a matter which may give rise to an indemnification claim shall not affect the rights of the indemnified party to collect such claims from the indemnifying party so long as such failure to so notify does not materially adversely affect the indemnifying party's ability to defend such claim against a third party. No indemnifying party, in the defense of any claim or litigation shall, except with the consent of an indemnified party, which consent shall not be unreasonably withheld or delayed, consent to entry of any judgment or enter into any settlement by which such indemnified party is to be bound and which judgment PURCHASE & SALE AGREEMENT DTS8 COFFEE 31-01-2012 - 20 or settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation.

Appears in 1 contract

Samples: Stock Purchase Agreement (Berkeley Coffee & Tea, Inc.)

Notice; Defense of Claims. (a) Each party to this Agreement shall give prompt written notice to the other party or parties to this Agreement under of each claim for indemnification hereunder specifying the amount and nature of the claim, and of any matter which is likely to give rise to an indemnification claim. Each party to this Agreement has the right to participate at its own expense in the defense of any such matter or its settlement, or the indemnified party may direct the indemnifying party to take over the defense of such matter so long as such defense is expeditious. Failure to give timely notice of a matter which may give rise to an indemnification claim shall not affect the rights of the indemnified party to collect such claims claim from the indemnifying party so long as such except to the extent that failure to so notify does not materially adversely affect affects the indemnifying party's ability to defend such claim against a third party. No In any case in which a claim for indemnification involves a claim brought by a third party ("Third Party Claim") and the indemnifying partyparty has not exercised its rights to assume and control the defense of such matter as provided under subparagraph (b) of this Section 12.3, in the indemnified party shall have the right (but not the obligation) to assume and control the defense of any claim such matter or litigation shallits settlement at the indemnifying party's reasonable expense. Where the indemnified party does not exercise its right to assume and control the defense of such matter or its settlement or the indemnifying party has exercised its rights to assume and control the defense of such matter as provided under subparagraph (b) of this Section 12.3, the indemnifying party shall assume and control the defense of such matter or its settlement at its own expense, provided that the indemnified party may participate in the defense at its own expense and, provided, further, that the indemnifying party will keep the indemnified party informed as to the status of the defense and will not, except with the consent of an the indemnified party, party (which consent shall not be unreasonably withheld or delayed), consent to entry of any judgment or enter into any settlement by which such indemnified party is to be bound and involves more than the payment of money or which judgment or settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to of such claim or litigation.

Appears in 1 contract

Samples: Asset Purchase Agreement (Inksure Technologies Inc.)

Notice; Defense of Claims. Each If a claim is to be made by a party entitled to this Agreement indemnification hereunder, the party entitled to such indemnification shall give prompt written notice to the other indemnifying party or parties immediately after the party entitled to this Agreement under each claim for indemnification hereunder specifying the amount and nature of the claim, and becomes aware of any matter which is likely to give rise to an indemnification claim. Each party to this Agreement has the right to participate at its own expense in the defense of any such matter fact, condition or its settlement, or the indemnified party may direct the indemnifying party to take over the defense of such matter so long as such defense is expeditious. Failure to give timely notice of a matter event which may give rise to an a matter for which indemnification claim may be sought; provided that the failure of any indemnified party to give timely notice shall not affect the rights to indemnification hereunder except to the extent that the indemnifying party demonstrates actual damage caused by such failure. If any lawsuit or enforcement action is filed against any party entitled to the benefit of indemnity hereunder, and if the indemnifying party shall acknowledge in writing to the indemnified party to collect such claims from that the indemnifying party shall be obligated under the terms of its indemnity hereunder in connection with such lawsuit, action or claim, then the indemnifying party shall be entitled, if it or she so long as elects, to take control of the defense and investigation of such failure lawsuit or action and to so notify does not materially adversely affect employ and engage attorneys of its or her own choice to handle and defend the same, at the indemnifying party's ability to defend cost, risk and expense provided that the indemnifying party and its or her counsel shall proceed with diligence and in good faith with respect thereto. The indemnified party shall cooperate in all reasonable respects with the indemnifying party and such claim against a third party. No indemnifying party, attorneys in the investigation, trial and defense of such lawsuit or action and any claim or litigation shallappeal arising therefrom; provided, except with however, that the consent of an indemnified party, which consent shall not be unreasonably withheld or delayed, consent to entry of any judgment or enter into any settlement by which such indemnified party is to be bound may, at its or her own cost, participate in the investigation, trial and which judgment defense of such lawsuit or settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigationaction and any appeal arising therefrom.

Appears in 1 contract

Samples: Merger Agreement (Healthcare Capital Corp)

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