Indemnity Demand definition

Indemnity Demand has the meaning given such term in Section 4.4.
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Indemnity Demand means a demand made by N T Tiaki o Whanganui to the Crown under this Part 13 for an indemnity payment;
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Indemnity Demand is defined in Section 7.4.
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Examples of Indemnity Demand in a sentence

  • The Indemnifying Party shall be entitled, at its cost and expense, to contest and defend, by all appropriate legal proceedings, any Claim with respect to which it is called upon to indemnify the Indemnified Party under the provisions of this Agreement; provided that, notice of the intention to so contest shall be delivered by the Indemnifying Party to the Indemnified Party within 20 days from the date of receipt by the Indemnifying Party of the Indemnity Demand.

  • The Indemnified Party shall notify the Indemnifying Party in writing (the "Indemnity Demand Notice") within thirty (30) days after a claim is presented to the Indemnified Party, and the Indemnifying Party may assume the defense of such claim at its sole expense.

  • The failure to provide such Indemnity Demand will not affect any rights hereunder except to the extent the Indemnifying Party is materially prejudiced thereby.

  • The Indemnity Demand shall include a summary of the factual and contractual basis for such claim, and shall include a description of any third-party claim in respect of which indemnification is sought, along with supporting documentation.

  • The Indemnifying Party shall respond in writing to said indemnity demand sufficiently promptly to enable the Indemnified Party to protect its rights, but not later than twenty (20) Days following the Indemnity Demand, either by accepting its performance obligations hereunder, or setting forth the factual and contractual basis for its refusal, if any, to so perform.

  • If the Indemnifying Party does not assume the defense of the Indemnified Party or settle such claim within thirty (30) days of the date of the receipt of the Indemnity Demand Notice, the Indemnified Party shall pay the expenses of such defense, and the Indemnified Party may settle or compromise such claim upon prior written notice to the Indemnifying Party without the Indemnifying Party's consent and the Indemnified Party shall be entitled to reimbursement as provided in this Section 12.

  • The Indemnity Demand will include a summary of the factual and contractual basis for such claim, and will include a description of any third-party claim in respect of which indemnification is sought, along with supporting documentation.

  • The failure promptly to provide such Indemnity Demand will not affect any rights hereunder except to the extent the Indemnifying Party is materially prejudiced thereby.

  • If the Indemnifying Party does not assume the defense of the Indemnified Party or settle such claim within thirty (30) days of the date of the receipt of the Indemnity Demand Notice, the Indemnified Party shall pay the expenses of such defense, and the Indemnified Party may settle or compromise such claim upon prior written notice to the Indemnifying Party without the Indemnifying Party's consent and the Indemnified Party shall be entitled to reimbursement as provided in this Section 13.

  • The Indemnifying Party will respond in writing to said Indemnity Demand sufficiently promptly to enable the Indemnified Party to protect its rights, but not later than twenty (20) business days following the Indemnity Demand, either by accepting its indemnification obligations hereunder, or setting forth the factual and contractual basis for its refusal, if any, to so perform.


More Definitions of Indemnity Demand

Indemnity Demand shall have the meaning assigned to such term in Section 2.1.
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Related to Indemnity Demand

  • Indemnity Notice shall have the meaning specified in Section 9.3(b).

  • Indemnification Notice has the meaning set forth in Section 11.3(a).

  • Indemnification Claim Notice has the meaning set forth in Section 11.3.

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Indemnification Claim has the meaning set forth in Section 12.3.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Indemnity Period means the period during which the results of the business are affected beginning with the occurrence of the monetary win but not exceeding the maximum indemnity period

  • Indemnity Claim has the meaning set forth in Section 8.3.

  • Indemnification Cap has the meaning set forth in Section 9.4(a).

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.

  • Indemnity Cap has the meaning set forth in Section 8.4.3.

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Indemnifier means any Party obligated to provide indemnification under this Agreement;

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Indemnification Event means any event, action, proceeding or claim for which a Person is entitled to indemnification under this Agreement.

  • Indemnification Expenses shall have the meaning set forth in Section 6.11(a).

  • Indemnification Escrow Agreement means that certain Indemnification Escrow Agreement in the form attached hereto as Exhibit D, with such changes as may be agreed to among the Buyer, the Seller and the Escrow Agent.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Indemnified Person has the meaning set forth in Section 11.3.

  • Indemnity Escrow Amount means $5,000,000.

  • Indemnification Period means the period of time during which Indemnitee shall continue to serve as a director or as an officer of the Corporation, and thereafter so long as Indemnitee shall be subject to any possible Proceeding arising out of acts or omissions of Indemnitee as a director or as an officer of the Corporation.

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

  • Tax Indemnified Party shall have the meaning set forth in Section 7.6(d).

  • Indemnity Matters means any and all actions, suits, proceedings (including any investigations, litigation or inquiries), claims, demands and causes of action made or threatened against a Person and, in connection therewith, all losses, liabilities, damages (including, without limitation, consequential damages) or reasonable costs and expenses of any kind or nature whatsoever incurred by such Person whether caused by the sole or concurrent negligence of such Person seeking indemnification.

  • Indemnifiable Damages shall have the meaning set forth in Section 9.1 herein.