Indemnification Procedures for Third Party Claims. (a) In the case of Claims made by a third party with respect to which indemnification is sought, the Party seeking indemnification (the “Indemnified Party”) shall give prompt notice, and in any event within 20 days, to the other Party (the “Indemnifying Party”) of any such Claims made upon it. If the Indemnified Party fails to give such notice, such failure shall not preclude the Indemnified Party from obtaining such indemnification but its right to indemnification may be reduced to the extent that such delay prejudiced the defence of the Claim or increased the amount of liability or cost of defence.
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Samples: Non Competition and Non Solicitation Agreement, Asset Purchase Agreement (Optimal Group Inc)
Indemnification Procedures for Third Party Claims. (a) In the case of Claims made by a third party with respect to which indemnification is soughtsought hereunder, the Indemnified Party seeking indemnification (the “Indemnified Party”) shall give prompt written notice, and in any event within 20 daysdays after it receives notice of that Claim, to the other Indemnifying Party (the “Indemnifying Party”) of any such Claims Claim made upon iton it stating the nature and basis for that Claim. If the Indemnified Party fails A failure to give such notice, such failure that notice within that period shall not preclude the Indemnified Party from obtaining such that indemnification but its right to indemnification may shall be reduced to the extent that any such delay materially prejudiced the defence defense of the Claim or materially increased the amount of liability or cost of defencedefense.
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Samples: Share Purchase Agreement (Pogo Producing Co), Share Purchase Agreement (Unocal Corp)
Indemnification Procedures for Third Party Claims. (a) In the case of Claims made by a third party with respect to which indemnification is sought, the Party seeking indemnification (the “Indemnified Party”) shall give prompt notice, and in any event within 20 15 days, to the other Party Trust and PWPL (the “Indemnifying PartyParties”) of any such Claims made upon it. If the Indemnified Party fails to give such notice, such failure shall not preclude the Indemnified Party from obtaining such indemnification but its right to indemnification may be reduced to the extent that such delay prejudiced the defence of the Claim or increased the amount of liability or cost of defence.
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Samples: Investment Agreement, Investment Agreement (Penn West Energy Trust)
Indemnification Procedures for Third Party Claims. (a) In the case of Claims made by a third party with respect to which indemnification is soughtsought hereunder, the Indemnified Party seeking indemnification (the “Indemnified Party”) shall give prompt written notice, and in any event within 20 days10 days after it receives notice of that Claim, to the other Indemnifying Party (the “Indemnifying Party”) of any such Claims Claim made upon iton it stating the nature and basis for that Claim. If the Indemnified Party fails A failure to give such notice, such failure that notice within that period shall not preclude the Indemnified Party from obtaining such that indemnification but its right to indemnification may shall be reduced to the extent that any such delay materially prejudiced the defence defense of the Claim or materially increased the amount of liability or cost of defencedefense.
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Indemnification Procedures for Third Party Claims. (a) In the case of Claims made by a third party with respect to which indemnification is sought, the Party seeking indemnification (the “Indemnified Party”) shall give prompt notice, and in any event within 20 days, to the other Party (the “Indemnifying Party”) of any such Claims made upon it. If the Indemnified Party fails to give such notice, such failure shall not preclude the Indemnified Party from obtaining such indemnification but its right to indemnification may be reduced to the extent that such delay prejudiced the defence of the Claim or increased the amount of liability or cost of defencedefense.
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Indemnification Procedures for Third Party Claims. (a) In the case of Claims made by a third party with respect to which indemnification is sought, the Party seeking indemnification (the “Indemnified Party”) shall give prompt notice, and in any event within 20 ten (10) days, to the other Party (in this Section, the “Indemnifying Party”) of any such Claims made upon it. If the Indemnified Party fails to give such notice, such failure shall not preclude the Indemnified Party from obtaining such indemnification but its right to indemnification may shall be reduced to the extent that such delay prejudiced the defence defense of the Claim or increased the amount of liability or cost of defencedefense.
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Indemnification Procedures for Third Party Claims. (a) In the case of Claims made by a third party with respect to which indemnification is sought, the Party seeking indemnification (the “Indemnified Party”) shall give prompt notice, and in any event within 20 ten (10) days, to the other Party (in this Section, the “Indemnifying Party”) of any such Claims made upon it. If the Indemnified Party fails to give such notice, such failure shall not preclude the Indemnified Party from obtaining such indemnification but its right to indemnification may shall be reduced to the extent that such delay prejudiced the defence of the Claim or increased the amount of liability or cost of defence.
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