Common use of Notice to the Company Clause in Contracts

Notice to the Company. Promptly after receipt by Indemnitee of notice of the commencement of any Proceeding, Indemnitee shall, if a claim in respect thereof is to be made against the Company under this Agreement, notify the Company of the commencement thereof. Such notice shall set forth in reasonable detail the events giving rise to such claim and the amount requested, if known. Failure of Indemnitee to provide such notice shall not relieve the Company of its obligations under this Agreement except to the extent such failure has a material and adverse effect on the ability of the Company to meet such obligations.

Appears in 7 contracts

Samples: Form of Indemnification Agreement (Benihana Inc), Form of Indemnification Agreement (Burlington Coat Factory Warehouse Corp), Form of Indemnification Agreement (North Pittsburgh Systems Inc)

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Notice to the Company. Promptly after receipt by Indemnitee of notice of the commencement of any Proceeding, Indemnitee shall, if a claim in respect thereof is to be made against the Company under this Agreement, notify the Company of the commencement thereof. Such notice shall set forth in reasonable detail the events giving rise to such claim and the amount requested, if known. Failure of Indemnitee to provide such notice shall not relieve the Company of its obligations under this Agreement except to the extent such failure has a material (and adverse effect on only to the ability of extent) that the Company to meet is materially prejudiced by such obligationsfailure.

Appears in 1 contract

Samples: Indemnification Agreement (Thestreet, Inc.)

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Notice to the Company. Promptly after receipt by Indemnitee of notice of the commencement of any Proceedingaction, suit or proceeding, Indemnitee shall, if a claim in respect thereof is to be made against the Company under this Agreement, notify the Company of the commencement thereof. Such notice shall set forth in reasonable detail the events giving rise to such claim and the amount requested, if known. Failure of Indemnitee to provide such notice shall not relieve the Company of its obligations under this Agreement except to the extent such failure has a material and adverse effect on the ability of the Company to meet such obligations.

Appears in 1 contract

Samples: Officer Indemnification Agreement (Star Scientific Inc)

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