Defense Procedures; Procedures for Third Party Claims. In the event that any Third Party (in no event to include any Affiliate of any of the parties) asserts a claim with respect to any matter for which an Indemnitee is entitled to indemnification hereunder (a “Third Party Claim”), then the Indemnitee shall promptly notify the Indemnifying Party thereof; provided, however, that no delay on the part of the Indemnitee in notifying the Indemnifying Party shall relieve the Indemnifying Party from any obligation hereunder unless (and then only to the extent that) the Indemnifying Party is prejudiced thereby.
Appears in 3 contracts
Samples: Confidential Treatment (Glycomimetics Inc), Confidential Treatment (Glycomimetics Inc), Confidential Treatment (Glycomimetics Inc)
Defense Procedures; Procedures for Third Party Claims. In the event that any Third Party (in no event to include any Affiliate of any of the parties) asserts a claim with respect to any matter for which an Indemnitee a party (the “Indemnified Party”) is entitled to indemnification hereunder (a “Third Party Claim”), then the Indemnitee Indemnified Party shall promptly notify the party obligated to indemnify the Indemnified Party (the “Indemnifying Party Party”) thereof; provided, however, that no delay on the part of the Indemnitee Indemnified Party in notifying the Indemnifying Party shall relieve the Indemnifying Party from any obligation hereunder unless (and then only to the extent that) the Indemnifying Party is prejudiced thereby.
Appears in 2 contracts
Samples: License Agreement (Quark Pharmaceuticals Inc), License Agreement (Quark Biotech Inc)