Claim Notice definition

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

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

• If, within fourteen days of the Indemnifying Party’s receipt of a Claim Notice involving a Third Party Claim, the Indemnifying Party has not notified the Indemnified Party that the Indemnifying Party will assume the defense, the Indemnified Party may assume control of the defense or compromise of such Indemnity Claim, and the costs and expenses of such defense, including costs of investigation and reasonable attorneys’ fees, shall be added to the damages associated with the Indemnity Claim.

• Any failure by Buyer to promptly deliver a Buyer Claim Notice under this Section 7.4(a) will not adversely affect the applicable Buyer Indemnitee’s right to indemnification pursuant to this Article VII except to the extent that any Seller is materially prejudiced thereby.

• Any failure by a Seller Indemnitee to promptly deliver a Seller Claim Notice to Buyer under this Section 7.4(b) will not adversely affect the applicable Seller Indemnitee’s right to indemnification pursuant to this Article VII except to the extent that the Buyer is materially prejudiced thereby.

• If the Indemnifying Party objects to the terms of the Claim as set forth in the applicable Claim Notice, the Indemnifying Party may dispute the related Claim by delivery of a notice to the Indemnified Party in writing, within 30 days following the Indemnified Party’s delivery of such Claim Notice, that the Indemnifying Party objects to the Claim asserted in such Claim Notice.

• Subject to receipt by the Sellers of a Claim Notice or notice of a Tax Claim, in either case that arises out of, involves, or may involve a Claim by a Third Party against Group Company (Third Party Claim), the Sellers may, by giving notice to the Buyer within 20 Business Days of the date of receipt of that notice, assume conduct of the defence of the Third Party Claim.

More Definitions of Claim Notice

Claim Notice has the meaning specified in Section 5.2(a).

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

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 is defined in Section 9.4(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 VI for such Damages and a reasonable explanation of the basis therefor, and (iii) a demand for payment in the amount of such Damages.