Common use of NOTICE OF INDEMNIFICATION CLAIMS Clause in Contracts

NOTICE OF INDEMNIFICATION CLAIMS. If the Indemnified Party seeks indemnification pursuant to this Article 13.2, it shall notify Indemnifying Party of the existence of a claim, or potential claim as soon as practicable after learning of such claim, or potential claim, describing with reasonable particularity the circumstances giving rise to such claim. Upon written acknowledgment by the Indemnifying Party that it will assume the defense and indemnification of such claim, the Indemnifying Party may assert any defenses which are or would otherwise be available to the Indemnified Party.