Common use of Procedure for Claims Clause in Contracts

Procedure for Claims. In the event any Indemnified Party has a claim against an Indemnifying Party hereunder which does not involve a Third Party Claim, the Indemnified Party shall provide written notice to the Indemnifying Party (the “Notice of Claim”), describing in detail the nature of the claim, the basis of the Indemnified Party’s request for indemnification under this Agreement and the amount for which indemnification is sought (the “Indemnification Amount”), if known.

Appears in 4 contracts

Samples: Purchase Agreement (Clearpoint Business Resources, Inc), Purchase Agreement (Clearpoint Business Resources, Inc), Purchase Agreement (Tradeshow Products, Inc.)

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Procedure for Claims. In the event any Indemnified Party has a claim against an Indemnifying Party hereunder which does not involve a Third Party Claimthird-party claim, the Indemnified Party shall provide written notice to the Indemnifying Party (the “Notice of Claim”)Party, describing in detail the nature of the claim, the basis of the Indemnified Party’s request for indemnification under this Agreement and the amount for which indemnification is sought (the “Indemnification Amount”)sought, if known.

Appears in 1 contract

Samples: Asset Purchase Agreement (Clearpoint Business Resources, Inc)

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