Common use of Failure of Indemnifying Person to Act Clause in Contracts

Failure of Indemnifying Person to Act. In the event that the Indemnifying Person does not elect to assume the defense of any claim, suit, action or proceeding, then any failure of the Indemnified Person to defend or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the Indemnifying Person of its obligations hereunder.

Appears in 53 contracts

Samples: Asset Purchase Agreement (Atkore International Holdings Inc.), Asset Purchase Agreement (Atkore International Holdings Inc.), Asset Purchase Agreement (Atkore International Holdings Inc.)

AutoNDA by SimpleDocs

Failure of Indemnifying Person to Act. In the event that the Indemnifying Person does not elect to assume the defense of any claimThird Party Claim, suit, action or proceedingproceeding brought against an Indemnified Person, then any failure of the Indemnified Person to defend or to participate in the defense of any such claimThird Party Claim, suit, action or proceeding or to cause the same to be done, shall not relieve the Indemnifying Person of any of its obligations hereunderunder this Agreement.

Appears in 7 contracts

Samples: Agreement and Plan of Merger (American Real Estate Partners L P), Agreement and Plan of Merger (American Real Estate Partners L P), Purchase Agreement (American Real Estate Partners L P)

Failure of Indemnifying Person to Act. In the event that the ------------------------------------- Indemnifying Person does not elect to assume the defense of any claim, suit, action or proceeding, then any failure of the Indemnified Person to defend or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the Indemnifying Person of its obligations hereunder.

Appears in 2 contracts

Samples: Stock Purchase Agreement (CFW Communications Co), Agreement and Plan of Mergers (Security Capital Group Inc/)

Failure of Indemnifying Person to Act. In the event that the Indemnifying Person does not elect to assume the defense of any claim, suit, action claim or proceedingProceeding, then any failure of the Indemnified Person to defend or to participate in the defense of any such claim, suit, action claim or proceeding Proceeding or to cause the same to be done, shall not relieve the Indemnifying Person of its obligations hereunder.

Appears in 2 contracts

Samples: Pre Purchase Agreement (National Fuel Gas Co), Purchase Agreement (National Fuel Gas Co)

Failure of Indemnifying Person to Act. In the event that the Indemnifying Person does not elect to assume the defense of any claim, suit, action claim or proceedingProceeding, then any failure of the Indemnified Person to defend or to participate in the defense of any such claimclaim or Proceeding, suit, action or proceeding or to cause the same to be done, shall not relieve the Indemnifying Person of its obligations hereunder.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Textura Corp), Asset Purchase Agreement (Textura Corp)

Failure of Indemnifying Person to Act. In the event that the Indemnifying Person does Persons do not elect to assume the defense of any claim, suit, action or proceeding, then any failure of the Indemnified Person to defend or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the Indemnifying Person Persons of its their obligations hereunder.

Appears in 2 contracts

Samples: Acquisition and Stock Exchange Agreement (Ubics Inc), Share Purchase Agreement (Ubics Inc)

Failure of Indemnifying Person to Act. In the event that the Indemnifying Person does not elect to assume the defense of any claim, suit, action or proceeding, then any failure of the Indemnified Person to defend defense or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the Indemnifying Person of its obligations hereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Abovenet Communications Inc)

Failure of Indemnifying Person to Act. In the event that the Indemnifying Person does not elect to assume the defense of any claim, suit, action or proceeding, then any failure of the Indemnified Person to defend or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the Indemnifying Person of its obligations hereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (Finantra Capital Inc)

Failure of Indemnifying Person to Act. In the event that that, after receipt by the Indemnifying Person of the notice provided for in Section 13.5, the Indemnifying Person does not elect to assume the defense of any claim, suit, action or proceeding, then any failure of the Indemnified Person to defend or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the Indemnifying Person of its obligations hereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Devry Inc)

Failure of Indemnifying Person to Act. In the event that the Indemnifying Person does not elect to assume the defense of any claim, suit, action or proceeding, then any failure of the Indemnified Person EAI to defend or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the Indemnifying Person of its his obligations hereunder. 9.6.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Engineering Animation Inc)

Failure of Indemnifying Person to Act. In the event that If the Indemnifying Person does not elect to assume the defense of any claim, suit, action or proceeding, then any failure of the Indemnified Person to defend or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the Indemnifying Person of its obligations hereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Unimark Group Inc)

AutoNDA by SimpleDocs

Failure of Indemnifying Person to Act. In the event that the ------------------------------------- Indemnifying Person does not elect to assume the defense of any claim, suit, action or proceeding, then any failure of the Indemnified Person to defend or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the Indemnifying Person of its obligations hereunderobligations.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Becker Charles E /Mi)

Failure of Indemnifying Person to Act. In the event that the Indemnifying Person person does not elect to assume the defense of any claim, suit, action or proceeding, then any failure of the Indemnified Person to defend or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the Indemnifying Person of its obligations hereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cheshire Distributors Inc)

Failure of Indemnifying Person to Act. In the event that ------------------------------------- the Indemnifying Person does not elect to assume the defense of any claim, suit, action or proceeding, then any failure of the Indemnified Person to defend or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the Indemnifying Person of its obligations hereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (Advanced Communications Group Inc/De/)

Failure of Indemnifying Person to Act. In the event that --------------------------------------------------- the Indemnifying Person does not elect to assume the defense of any claim, suit, action or proceeding, then any failure of the Indemnified Person to defend or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the Indemnifying Person of its obligations hereunder.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Corvis Corp)

Failure of Indemnifying Person to Act. In the event that the Indemnifying Person does Person(s) do not elect to assume the defense of any claim, suit, action or proceeding, then any failure of the Indemnified Person Persons to defend or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the Indemnifying Person Person(s) of its their obligations hereunder.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Apache Medical Systems Inc)

Failure of Indemnifying Person to Act. In the event that the Indemnifying Person does not elect to assume the defense of any claim, suit, action or proceeding, then any failure of the Indemnified Person to defend or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the Indemnifying Person of its obligations hereunderobligations.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Collins & Aikman Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.