Common use of PROCEDURE FOR INDEMNIFICATION--OTHER CLAIMS Clause in Contracts

PROCEDURE FOR INDEMNIFICATION--OTHER CLAIMS. In the event a claim for indemnification for any matter does not involve a Third Party Claim, the Indemnified Party shall transmit to the Indemnifying Party a written notice (the “Indemnity Notice”) describing in reasonable detail the nature of the claim, an estimate of the amount of damages attributable to such claim to the extent feasible (which estimate shall not be conclusive of the final amount of such claim) and the basis of the Indemnified Party’s request for indemnification under this Agreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Evolving Systems Inc), Stock Purchase Agreement (Evolving Systems Inc)

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PROCEDURE FOR INDEMNIFICATION--OTHER CLAIMS. In the event a A claim for indemnification for any matter does not involve involving a Third Party Claim, the Indemnified Party shall transmit third-party claim must be asserted by written notice delivered in accordance with Section ‎15.1 to the Indemnifying Party a written party from whom indemnification is sought which notice (the “Indemnity Notice”) describing shall specify in reasonable detail the nature factual basis for such claim and either the fixed amount of the Losses resulting from such claim, an or if the Losses have not been finally determined, a good faith estimate of the amount of damages attributable to such claim to the extent feasible (which estimate shall not be conclusive Losses along with a statement of the final amount of basis for such claim) and the basis of the Indemnified Party’s request for indemnification under this Agreementestimate (an “Indemnity Notice”).

Appears in 1 contract

Samples: Share and Asset Purchase Agreement (Safe-T Group Ltd.)

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PROCEDURE FOR INDEMNIFICATION--OTHER CLAIMS. In the event a A claim for indemnification for any matter does not involve involving a Third Party Claim, the Indemnified Party shall transmit third-party claim must be asserted by written notice delivered in accordance with Section 8.6(a) to the Indemnifying Party a written party from whom indemnification is sought which notice (the “Indemnity Notice”) describing shall specify in reasonable detail the nature factual basis for such claim and either the fixed amount of the Losses resulting from such claim, an or if the Losses have not been finally determined, a good faith estimate of the amount of damages attributable to such claim to the extent feasible (which estimate shall not be conclusive Losses along with a statement of the final amount of basis for such claim) and the basis of the Indemnified Party’s request for indemnification under this Agreementestimate.

Appears in 1 contract

Samples: Stock Purchase Agreement (Oncologix Tech Inc.)

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