Common use of Third Party Claims Procedure Clause in Contracts

Third Party Claims Procedure. (a) If any Person not a party to this Agreement shall make any demand or claim, or shall file or threaten to file any suit, action or proceeding, for which Parent or Purchaser may be entitled to indemnification pursuant to the provisions of Section 9.3 of this Agreement, then, in any such event, Parent or Purchaser shall give prompt written notice of the existence of any such demand, claim, suit, action or proceeding to the particular Equipment Owner(s). In any event, written notice shall be given not later than the fifteenth day after a party shall first gain knowledge of the existence of any such demand, claim, suit, action or proceeding.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bizcom Usa Inc)

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Third Party Claims Procedure. (a) If any Person not a party to this Agreement shall make any demand or claim, or shall file or threaten to file any suit, action or proceeding, for which Parent or Purchaser may be entitled to indemnification pursuant to the provisions of Section 9.3 8.3 of this Agreement, then, in any such event, Parent or Purchaser shall give prompt written notice of the existence of any such demand, claim, suit, action or proceeding to the particular Equipment Owner(s)Owner and/or License Owner. In any event, written notice shall be given not later than the fifteenth day after a party shall first gain knowledge of the existence of any such demand, claim, suit, action or proceeding.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bizcom Usa Inc)

Third Party Claims Procedure. (a) If any Person not a party to this Agreement shall make any demand or claim, or shall file or threaten to file any suit, action or proceeding, for which Parent or Purchaser may be entitled to indemnification pursuant to the provisions of Section 9.3 8.3 of this Agreement, then, in any such event, Parent or Purchaser shall give prompt written notice of the existence of any such demand, claim, suit, action or proceeding to the particular Equipment Owner(s). In any event, written notice shall be given not later than the fifteenth day after a party shall first gain knowledge of the existence of any such demand, claim, suit, action or proceeding.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bizcom Usa Inc)

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Third Party Claims Procedure. (a) If any Person not a party to this Agreement shall make any demand or claim, or shall file or threaten to file any suit, action or proceeding, for which Parent or Purchaser may be entitled to indemnification pursuant to the provisions of Section 9.3 8.3 of this Agreement, then, in any such event, Parent or Purchaser shall give prompt written notice of the existence of any such demand, claim, suit, action or proceeding to the particular Equipment Owner(s) and/or License Owner(s), as the case may be. In any event, written notice shall be given not later than the fifteenth day after a party shall first gain knowledge of the existence of any such demand, claim, suit, action or proceeding.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bizcom Usa Inc)

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