Common use of Third Party Action Clause in Contracts

Third Party Action. (a) Buyer will give Sellers prompt written notice (a “Third Party Claim Notice”) of the commencement of any Litigation instituted by any third party for which any Buyer Indemnified Party reasonably believes that it is entitled to indemnification pursuant to Section 10.1 (any such third party action or proceeding being referred to as a “Third Party Action”). The complaint or other papers pursuant to which the third party commenced such Third Party Action will be attached to such Third Party Claim Notice. The failure to promptly deliver a Third Party Claim Notice will not affect any Buyer Indemnified Party’s right to indemnification except to the extent such failure has materially and adversely affected the applicable Seller Indemnifying Parties’ ability to defend successfully such Third Party Action

Appears in 1 contract

Samples: Purchase and Sale Agreement (Genius Brands International, Inc.)

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Third Party Action. (a) Buyer will give Sellers Seller prompt written notice (a “Third Party Claim Notice”) of the commencement of any Litigation instituted by any third party for which any Buyer Indemnified Party reasonably believes that it is entitled to indemnification pursuant to Section 10.1 8.1 (any such third party action or proceeding being referred to as a “Third Party Action”). The complaint or other papers pursuant to which the third party commenced such Third Party Action will be attached to such Third Party Claim Notice. The failure to promptly deliver a Third Party Claim Notice will not affect any Buyer Indemnified Party’s right to indemnification except to the extent such failure has materially and adversely affected the applicable Seller Indemnifying Parties’ ability to defend successfully such Third Party Action

Appears in 1 contract

Samples: Purchase and Sale Agreement (Daseke, Inc.)

Third Party Action. (a) Buyer Buyers will give Sellers Sellers’ Representative prompt written notice (a “Third Party Claim Notice”) of the commencement of any Litigation instituted by any third party for which any Buyer Indemnified Party reasonably believes that it is entitled to indemnification pursuant to Section 10.1 9.1 (any such third party action or proceeding being referred to as a “Third Party Action”). The complaint or other papers pursuant to which the third party commenced such Third Party Action will be attached to such Third Party Claim Notice. The failure to promptly deliver a Third Party Claim Notice will not affect any Buyer Indemnified Party’s right to indemnification except to the extent such failure has actually and materially and adversely affected prejudiced the applicable Seller Indemnifying PartiesSellersRepresentative’s ability to defend successfully such Third Party Action. Buyers will deliver to Sellers’ Representative copies of all additional documents reasonably related to or required to defend such Third Party Action promptly after receipt thereof.

Appears in 1 contract

Samples: Securities Purchase Agreement (Costar Group, Inc.)

Third Party Action. (a) Buyer will give Sellers Seller prompt written notice (a “Third Party Claim Notice”) of the commencement of any Litigation instituted by any third party for which any Buyer Indemnified Party reasonably believes that it is entitled to indemnification pursuant to Section 10.1 8.1 (any such third party action or proceeding being referred to as a “Third Party Action”). The complaint or other papers pursuant to which the third party commenced such Third Party Action will be attached to such Third Party Claim Notice. The failure to promptly deliver a Third Party Claim Notice will not affect any Buyer Indemnified Party’s right to indemnification except to the extent such failure has materially and adversely affected the applicable Seller Indemnifying Parties’ ability to defend successfully such Third Party ActionAction [*] Please refer to footnote 1 on page 1 of this Exhibit 2.1.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Daseke, Inc.)

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Third Party Action. (a) Buyer will give Sellers Seller Representative prompt written notice (a “Third Party Claim Notice”) of the commencement of any Litigation instituted by any third party for which any Buyer Indemnified Party reasonably believes that it is entitled to indemnification pursuant to Section 10.1 8.1 (any such third party action or proceeding being referred to as a “Third Party Action”). The Action”).The complaint or other papers pursuant to which the third party commenced such Third Party Action will be attached to such Third Party Claim Notice. The failure to promptly deliver a Third Party Claim Notice will not affect any Buyer Indemnified Party’s right to indemnification except to the extent such failure has materially and adversely affected the applicable Seller Indemnifying Parties’ ability to defend successfully such Third Party Action

Appears in 1 contract

Samples: Purchase and Sale Agreement (Daseke, Inc.)

Third Party Action. (a) Buyer will give Sellers Seller Representative prompt written notice (a “Third Party Claim Notice”) of the commencement of any Litigation instituted by any third party for which any Buyer Indemnified Party reasonably believes that it is entitled to indemnification pursuant to Section 10.1 8.1 (any such third party action or proceeding being referred to as a “Third Party Action”). The complaint or other papers pursuant to which the third party commenced such Third Party Action will be attached to such Third Party Claim Notice. The failure to promptly deliver a Third Party Claim Notice will not affect any Buyer Indemnified Party’s right to indemnification except to the extent such failure has materially and adversely affected the applicable Seller Indemnifying Parties’ Representative’s ability to defend successfully such Third Party Action. Buyer will deliver to Seller Representative copies of all additional documents reasonably related to or required to defend such Third Party Action promptly after receipt thereof. 42

Appears in 1 contract

Samples: Purchase and Sale Agreement (Daseke, Inc.)

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