Third Party Action definition

Third Party Action means any suit or proceeding by a person or entity other than a Party for which indemnification may be sought by a Party under Article VI.
Third Party Action has the meaning set forth in Section 9.2.
Third Party Action means any written assertion of a claim, or the commencement of any action, suit, or proceeding, by a third party as to which any person believes it may be an Indemnified Person hereunder.

Examples of Third Party Action in a sentence

  • If Company becomes aware of any Third Party Action against Company, Company shall promptly notify Licensor thereof in writing, setting for the facts of such claim in reasonable detail.


More Definitions of Third Party Action

Third Party Action means any claim or action made by a Third Party against a Party that claims that a Licensed Product, or its use, Development, manufacture or sale infringes such Third Party’s intellectual property rights.
Third Party Action shall have the meaning assigned to it in Section 14(a) hereof.
Third Party Action has the meaning set forth in Section 7.5(1).
Third Party Action has the meaning set forth in Section 8.7.1.
Third Party Action shall have the meaning ascribed to such term in Section 6.3.
Third Party Action is defined in Section 7.07(a).
Third Party Action shall have the meaning set out in paragraph 8.3 herein;