Indemnification Procedures for Third Party Claims. (a) Upon obtaining knowledge of any Claim by a third party which has given rise to, or is expected to give rise to, a claim for indemnification hereunder, the Indemnified Party shall give written notice ("Notice of Claim") of such claim or demand to the Indemnifying Party, specifying in reasonable detail such information as the Indemnified Party may have with respect to such indemnification claim (including copies of any summons, complaint or other pleading which may have been served on it and any written claim, demand, invoice, billing or other document evidencing or asserting the same). No failure or delay by the Indemnified Party in the performance of the foregoing shall reduce or otherwise affect the obligation of the Indemnifying Party to indemnify and hold the Indemnified Party harmless, except to the extent that such failure or delay shall have actually adversely affected the Indemnifying Party's ability to defend against, settle or satisfy any Claims for which the Indemnified Party entitled to indemnification hereunder.
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Samples: Exchange Agreement (SMSA Palestine Acquistion Corp.), Exchange Agreement (Diversified Opportunities, Inc.), Share Exchange Agreement (Nitches Inc)
Indemnification Procedures for Third Party Claims. (a) Upon obtaining knowledge of any Claim by a third party which has given rise to, or is expected to give rise to, a claim for indemnification hereunder, the Indemnified Party shall give written notice ("“Notice of Claim"”) of such claim or demand to the Indemnifying Party, specifying in reasonable detail such information as the Indemnified Party may have with respect to such indemnification claim (including copies of any summons, complaint or other pleading which may have been served on it and any written claim, demand, invoice, billing or other document evidencing or asserting the same). No failure or delay by the Indemnified Party in the performance of the foregoing shall reduce or otherwise affect the obligation of the Indemnifying Party to indemnify and hold the Indemnified Party harmless, except to the extent that such failure or delay shall have actually adversely affected the Indemnifying Party's ’s ability to defend against, settle or satisfy any Claims for which the Indemnified Party entitled to indemnification hereunder.
Appears in 5 contracts
Samples: Exchange Agreement (Public Media Works Inc), Exchange Agreement (Public Media Works Inc), Stock Purchase Agreement (Qrsciences Holdings LTD)
Indemnification Procedures for Third Party Claims. (a) Upon obtaining knowledge Knowledge of any Claim by a third party which has given rise to, or is expected to give rise to, a claim for indemnification hereunder, the Indemnified Party Indemnitee shall give written notice ("Notice of Claim") of such claim or demand to the Indemnifying PartyIndemnitor, specifying in reasonable detail such information as the Indemnified Party may have with respect to such indemnification claim (including copies of any summons, complaint or other pleading which may have been served on it and any written claim, demand, invoice, billing or other document evidencing or asserting the same). No Subject to the limitations set forth in Section 7.2(b) hereof, no failure or delay by the Indemnified Party Indemnitee in the performance of the foregoing shall reduce or otherwise affect the obligation of the Indemnifying Party Indemnitor to indemnify and hold the Indemnified Party harmless, except to the extent that such failure or delay shall have actually adversely affected the Indemnifying PartyIndemnitor's ability to defend against, settle or satisfy any Claims for which the Indemnified Party entitled to indemnification hereunder.
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Samples: Interest Purchase Agreement (Touchstone Resources Usa, Inc.), Interest Purchase Agreement (Endeavour International Corp)
Indemnification Procedures for Third Party Claims. (a) 6.3.1 Upon obtaining knowledge of any Claim by a third party which has given rise to, or is expected to give rise to, a claim for indemnification hereunder, the Indemnified Party shall give written notice ("Notice of Claim") of such claim or demand to the Indemnifying Party, specifying in reasonable detail such information as the Indemnified Party may have with respect to such indemnification claim (including copies of any summons, complaint or other pleading which may have been served on it and any written claim, demand, invoice, billing or other document evidencing or asserting the same). No failure or delay by the Indemnified Party in the performance of the foregoing shall reduce or otherwise affect the obligation of the Indemnifying Party to indemnify and hold the Indemnified Party harmless, except to the extent that such failure or delay shall have actually adversely affected the Indemnifying Party's ability to defend against, settle or satisfy any Claims for which the Indemnified Party entitled to indemnification hereunder.
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Indemnification Procedures for Third Party Claims. (a) Upon obtaining knowledge Knowledge of any Claim by a third party which has given rise to, or is expected to give rise to, a claim for indemnification hereunder, the Indemnified Party shall give written notice ("“Notice of Claim"”) of such claim or demand to the Indemnifying Party, specifying in reasonable detail such information as the Indemnified Party may have with respect to such indemnification claim (including copies of any summons, complaint or other pleading which may have been served on it and any written claim, demand, invoice, billing or other document evidencing or asserting the same). No failure or delay by the Indemnified Party in the performance of the foregoing shall reduce or otherwise affect the obligation of the Indemnifying Party to indemnify and hold the Indemnified Party harmless, except to the extent that such failure or delay shall have actually adversely affected the Indemnifying Party's ’s ability to defend against, settle or satisfy any Claims for which the Indemnified Party entitled to indemnification hereunder.
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