Common use of Process for Indemnification Clause in Contracts

Process for Indemnification. The indemnifying party will pay costs and damages finally awarded against the indemnified party, or agreed in settlement by the indemnifying party directly attributable to any such claim and will bear all reasonable costs of the investigation and defense of the claim, but only on condition that (i) the indemnified party notifies the indemnifying party in writing of such claim promptly following receipt of notice provided that any delay in providing such notice shall not impact the indemnifying party’s obligations hereunder except to the extent that the indemnifying party is materially prejudiced by such delay,