Notice of Third Party Actions. An Indemnified Party shall give written notification to the Indemnifying Party of the commencement of any Third Party Action. Such notification shall be given within twenty (20) days after receipt by the Indemnified Party of notice of such Third Party Action, and shall describe in reasonable detail (to the extent known by the Indemnified Party) the facts constituting the basis for such Third Party Action and the amount of the claimed Damages; provided, however, that no delay or failure on the part of the Indemnified Party in so notifying the Indemnifying Party shall relieve the Indemnifying Party of any liability or obligation hereunder except to the extent of any damage or liability caused by or arising out of such failure.
Appears in 5 contracts
Samples: Agreement and Plan of Merger (Quality Systems Inc), Restricted Stock Agreement (Tvi Corp), Agreement and Plan of Merger (Quality Systems Inc)
Notice of Third Party Actions. An Indemnified Party shall give written notification to the Indemnifying Responsible Party of the commencement of any Third Party Action. Such notification shall be given within twenty (20) 20 days after receipt by the Indemnified Party of notice of such Third Party Action, and shall describe in reasonable detail (to the extent known by the Indemnified Party) the facts constituting the basis for such Third Party Action and the amount of the claimed DamagesLosses; provided, however, that no delay or failure on the part of the Indemnified Party in so notifying the Indemnifying Responsible Party shall relieve deprive the Indemnifying Indemnified Party of any liability or obligation its rights to indemnification hereunder except to the extent of any damage or liability caused by or arising out of such delay or failure.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Webmd Corp /New/), Agreement and Plan of Merger (Spheris Leasing LLC)
Notice of Third Party Actions. An Indemnified Party shall give written notification to the Indemnifying Party of the commencement of any Third Party Action. Such notification shall be given within twenty (20) days after receipt by the Indemnified Party of notice of such Third Party Action, and shall describe in reasonable detail (to the extent known by the Indemnified Party) the facts constituting the basis for such Third Party Action and the amount of the claimed Damages; provided, however, that no delay or failure on the part of the Indemnified Party in so notifying the Indemnifying Party shall relieve the Indemnifying Party of any liability or obligation hereunder except to the extent of any damage or liability caused by or arising out of such failure.. -42-
Appears in 1 contract
Samples: Agreement and Plan of Merger
Notice of Third Party Actions. An Indemnified Party shall give written notification to the Indemnifying Party of the commencement of any Third Party Action. Such notification shall be given Action within twenty (20) 20 days after receipt by the Indemnified Party of notice of such Third Party Action, and shall describe in reasonable detail (to the extent known by the Indemnified Party) the facts constituting the basis for such Third Party Action and the amount of the claimed Damagesdamages; provided, however, that no delay or failure on the part of the Indemnified Party in so notifying the Indemnifying Party shall relieve the Indemnifying Party of any liability or obligation Liability hereunder except to the extent of any damage Damage or liability Liability caused by or arising out of such failure.
Appears in 1 contract
