Claim Notice definition

Claim Notice has the meaning set forth in Section 8.4(a).

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Claim Notice shall have the meaning specified in Section 9.3(a).

Claim Notice has the meaning set forth in Section 10.3(a).

Examples of Claim Notice in a sentence

In the event a Claim Notice is delivered with respect to a Third Party Claim, the Indemnifying Party shall have thirty (30) days from its receipt of a Claim Notice to notify the Indemnified Party whether the Indemnifying Party desires, at the Indemnifying Parties’ sole cost and expense and by counsel of its own choosing, to assume and control the defense of the Third Party Claim.
No Losses may be recovered from the Vendor pursuant to Section 7.2(a) unless a Claim Notice is delivered by the Purchaser, on or before the date that is 24 months after the Closing Date, provided, however, that in the event of fraud relating to a representation or warranty of the Vendor, then notwithstanding the foregoing, the Purchaser shall be entitled to deliver a Claim Notice up to 72 months after the Closing Date for the purposes of such claim.
For the avoidance of doubt, a Claim Notice may be delivered in respect of contingent or potential Losses that have not yet been finally determined or quantified, and the delivery of such Claim Notice shall be sufficient to preserve the Indemnified Party’s rights under this Article 7, provided that the Claim Notice describes the information set forth above.
The failure of the Indemnified Party to promptly deliver a Claim Notice shall not relieve the Indemnifying Party of its obligations under this Article V, except to the extent that the Indemnifying Party is actually and materially prejudiced by the failure to give such Claim Notice.
Subject to Section 10.3 (Enforcement of Patents); Section 10.5 (Defense of Claims of Infringement by Third Parties) and Section 10.6 (Invalidity or Unenforceability Defenses or Actions), the Indemnifying Party may assume the defense of any Third Party Claim by giving written notice to the Indemnified Party [***] after the Indemnifying Party’s receipt of an Indemnification Claim Notice.

More Definitions of Claim Notice

Claim Notice shall have the meaning set forth in Section 14.3(a).

Claim Notice has the meaning set forth in Section 5.4(b).

Claim Notice means written notification pursuant to Section 11.02(a) of a Third Party Claim as to which indemnity under Section 11.01 is sought by an Indemnified Party, enclosing a copy of all papers served, if any, and specifying the nature of and basis for such Third Party Claim and for the Indemnified Party's claim against the Indemnifying Party under Section 11.01, together with the amount or, if not then reasonably determinable, the estimated amount, determined in good faith, of the Loss arising from such Third Party Claim.

Claim Notice has the meaning set forth in Section 13.7(b).

Claim Notice shall have the meaning set forth in Section 6.7(a).

Claim Notice means written notification which contains (i) a description of the Damages incurred or reasonably expected to be incurred by the Indemnified Party and the Claimed Amount of such Damages, to the extent then known, (ii) a statement that the Indemnified Party is entitled to indemnification under Article VII for such Damages and a reasonable explanation of the basis therefor, and (iii) a demand for payment in the amount of such Damages.

Claim Notice is defined in Section 9.3(a).