Common use of Notice and Opportunity to Defend Clause in Contracts

Notice and Opportunity to Defend. (a) A party or parties entitled to indemnification hereunder (an “Indemnified Party”) with respect to any legal proceeding, claim or demand instituted by any third party (in each case, a “Third-Party Claim”) will give the party or parties required to provide such indemnification (the “Indemnifier”) prompt written notice of such Third-Party Claim, along with a notice of the facts giving rise to such Third-Party Claim; provided that the failure to provide prompt notice shall not relieve the Indemnifier of its indemnification obligations hereunder, except to the extent (and only to the extent) that the Indemnifier is prejudiced by the failure of the Indemnified Party to provide such prompt notice.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Columbia Care Inc.), Agreement and Plan of Merger (Columbia Care Inc.)

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Notice and Opportunity to Defend. (a) A party or parties entitled to indemnification hereunder (an “Indemnified Party”) with respect to any legal proceeding, claim or demand instituted by any third party (in each case, a “Third-Party Claim”) will give the party or parties required to provide such indemnification (the “Indemnifier”) prompt written notice of such Third-Party Claim, along with a notice of the facts giving rise to such Third-Party Claim; provided that the failure to provide prompt notice shall not relieve the Indemnifier of its indemnification obligations hereunder, except to the extent (and only to the extent) that the Indemnifier is actually and materially prejudiced by the failure of the Indemnified Party to provide such prompt notice.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Ascend Wellness Holdings, Inc.), Agreement and Plan of Merger (Columbia Care Inc.)

Notice and Opportunity to Defend. (a) A party or parties entitled to indemnification hereunder (an the “Indemnified Party”) with respect to any legal proceeding, claim or demand instituted by any third party a Third-Party Claim (in each case, a “Third-Party Claim”) will give the party or parties required to provide such indemnification (the “Indemnifier”) prompt written notice of such Third-any legal proceeding, claim or demand instituted by any third party (in each case, a “Claim”) in respect of which the Indemnified Party Claim, along with a notice of the facts giving rise is entitled to such Third-Party Claimindemnification hereunder; provided that the failure to provide prompt notice shall not relieve the Indemnifier of its indemnification obligations hereunder, except to the extent (and only to the extent) that the Indemnifier is actually and materially prejudiced by the failure of the Indemnified Party to provide such prompt notice.

Appears in 1 contract

Samples: Agreement and Plan of Merger (PTC Inc.)

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Notice and Opportunity to Defend. (a) A party or parties entitled to indemnification hereunder (an the “Indemnified Party”) with respect to any legal proceeding, claim or demand instituted by any a third party claim (in each case, a “Third-Party Claim”) will give the party or parties required to provide such indemnification (the “Indemnifier”) prompt written notice of such Third-any legal proceeding, claim or demand instituted by any third party (in each case, a “Claim”) in respect of which the Indemnified Party Claim, along with a notice of the facts giving rise is entitled to such Third-Party Claimindemnification hereunder; provided that the failure to provide prompt notice shall not relieve the Indemnifier of its indemnification obligations hereunder, except to the extent (and only to the extent) that the Indemnifier is actually and materially prejudiced by the failure of the Indemnified Party to provide such prompt notice.

Appears in 1 contract

Samples: Agreement and Plan of Merger (PTC Inc.)

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