Common use of Procedure for Indemnification Not Involving Third-Party Claims Clause in Contracts

Procedure for Indemnification Not Involving Third-Party Claims. If any Indemnitee desires to assert against an Indemnifying Party any claim for indemnification under this Agreement other than a Third-Party Claim, the Indemnitee shall deliver to the Indemnifying Party notice of its demand for satisfaction of such claim (a "Request"), specifying in reasonable detail the amount of such claim and the basis for asserting such claim. Within thirty (30) days after the Indemnifying Party has been given a Request, the Indemnifying Party shall either (i) satisfy the claim requested to be satisfied in such Request by delivering to the Indemnitee payment by wire transfer or a certified or bank cashier's check payable to the Indemnitee in immediately available funds in an amount equal to the amount of such claim, or (ii) notify the Indemnitee that the Indemnifying Party contests such claim by delivering to the Indemnitee a written notice of an objection to such claim that specifies in reasonable detail the basis for contesting such claim.

Appears in 2 contracts

Samples: Separation Agreement (News Corp LTD), Separation Agreement (General Motors Corp)

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Procedure for Indemnification Not Involving Third-Party Claims. If any Indemnitee desires to assert against an Indemnifying Party any claim for indemnification under this Agreement Article XIII other than a Third-Party Claim, the Indemnitee shall deliver to the Indemnifying Party notice of its demand for satisfaction of such claim (a "Request"), specifying in reasonable detail the amount of such claim and the basis for asserting such claim. Within thirty (30) days after the Indemnifying Party has been given a Request, the Indemnifying Party shall either (i) satisfy the claim requested to be satisfied in such Request by delivering to the Indemnitee payment by wire transfer or a certified or bank cashier's check payable to the Indemnitee Indemnified Party in immediately available funds in an amount equal to the amount of such claim, or (ii) notify the Indemnitee that the Indemnifying Party contests such claim by delivering to the Indemnitee a written notice of an objection to such claim that specifies in reasonable detail the basis for contesting such claim.

Appears in 2 contracts

Samples: Stock Purchase Agreement (News Corp LTD), Stock Purchase Agreement (Hughes Electronics Corp)

Procedure for Indemnification Not Involving Third-Party Claims. If any Indemnitee desires to assert against an Indemnifying Party any claim for indemnification under this Agreement Section 6 other than a Third-Party Claim (a "Claim"), the Indemnitee shall deliver to the Indemnifying Party notice of its demand for satisfaction of such claim Claim (a "Request"), specifying in reasonable detail the amount of such claim Claim and the basis for asserting such claimClaim. Within thirty (30) 30 days after the Indemnifying Party has been given a Request, the Indemnifying Party shall either (i) satisfy the claim Claim requested to be satisfied in such Request by delivering to the Indemnitee payment by wire transfer or a certified or bank cashier's check payable to the Indemnitee Indemnified Party in immediately available funds in an amount equal to the amount of such claimClaim, or (ii) notify the Indemnitee that the Indemnifying Party contests such claim Claim by delivering to the Indemnitee a written notice of an objection Dispute Notice, stating that the Indemnifying Party objects to such claim that specifies Claim and specifying in reasonable detail the basis for contesting such claimClaim.

Appears in 2 contracts

Samples: Offering and Distribution Agreement (Expressjet Holdings Inc), Offering and Distribution Agreement (Osca Inc)

Procedure for Indemnification Not Involving Third-Party Claims. If any Indemnitee desires to assert against an Indemnifying Party any claim for indemnification under this Agreement Article 7 other than a Third-Party Claim, the Indemnitee shall deliver to the Indemnifying Party notice of its demand for satisfaction of such claim Claim (a "Request"), specifying in reasonable detail the amount of such claim Claim and the basis for asserting such claimClaim. Within thirty (30) days after the Indemnifying Party has been given a Request, the Indemnifying Party shall either (i) satisfy the claim Claim requested to be satisfied in such Request by delivering to the Indemnitee payment by wire transfer or a certified or bank cashier's check payable to the Indemnitee Indemnified Party in immediately available funds in an amount equal to the amount of such claimClaim, or (ii) notify the Indemnitee that the Indemnifying Party contests such claim Claim by delivering to the Indemnitee a written notice of an objection to such claim Claim that specifies in reasonable detail the basis for contesting such claimClaim.

Appears in 2 contracts

Samples: Implementation Agreement (Echostar Communications Corp), Implementation Agreement (General Motors Corp)

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Procedure for Indemnification Not Involving Third-Party Claims. (a) If any Indemnitee desires to assert against an Indemnifying Party any claim for indemnification under this Agreement Section 6 other than a Third-Party Claim (a "Claim"), the Indemnitee shall deliver to the Indemnifying Party notice of its demand for satisfaction of such claim Claim (a "Request"), specifying in reasonable detail the amount of such claim Claim and the basis for asserting such claimClaim. Within thirty (30) 30 days after the Indemnifying Party has been given a Request, the Indemnifying Party shall either (i) satisfy the claim Claim requested to be satisfied in such Request by delivering to the Indemnitee payment by wire transfer or a certified or bank cashier's check payable to the Indemnitee Indemnified Party in immediately available funds in an amount equal to the amount of such claimClaim, or (ii) notify the Indemnitee that the Indemnifying Party contests such claim Claim by delivering to the Indemnitee a written notice of an objection Dispute Notice, stating that the Indemnifying Party objects to such claim that specifies Claim and specifying in reasonable detail the basis for contesting such claimClaim.

Appears in 1 contract

Samples: Separation Agreement (Gamestop Corp)

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