Common use of Uncontested Claims Clause in Contracts

Uncontested Claims. In the event that, within fifteen ------------------ calendar days after a Notice of Claim is received by the Representative, the Representative does not contest such Notice of Claim in writing to DoveBid (an "Uncontested Claim"), the Representative will be conclusively deemed to have consented, on behalf of all Shareholders, to the recovery by the DoveBid Indemnitee of the full amount of Damages specified in the Notice of Claim in accordance with this Article VIII, including the offset of any such amount against the Deferred Payment or against amounts owed by DoveBid to the Shareholders pursuant to the Convertible Promissory Notes or otherwise, and, without further notice, to have stipulated to the entry of a final judgment for damages against the Shareholders for such amount in any court having jurisdiction over the matter where venue is proper.

Uncontested Claims. In the event that, within fifteen calendar ------------------ calendar days after a Notice of Claim is received by the RepresentativeShareholder, the Representative Shareholder does not contest such Notice of Claim in writing to DoveBid (an "Uncontested Claim"), the Representative Shareholder will be conclusively deemed to have consented, on behalf of all Shareholders, consented to the recovery by the DoveBid Indemnitee of the full amount of Damages specified in the Notice of Claim in accordance with this Article VIII, including the offset of any such amount Damages against the Debt, the Deferred Debt Payment or against amounts owed by DoveBid to the Shareholders Shareholder pursuant to the Convertible Promissory Notes or otherwise, and, without further notice, to have stipulated to the entry of a final judgment for damages against the Shareholders Shareholder for such amount in any court having jurisdiction over the matter where venue is proper.

Uncontested Claims. In the event that, within fifteen calendar ------------------ calendar days after a Notice of Claim is received by the RepresentativeShareholders, the Representative does and Shareholders do not contest such Notice of Claim in writing to DoveBid (an "Uncontested Claim"), the Representative Shareholders will be conclusively deemed to have consented, on behalf of all Shareholders, consented to the recovery by the DoveBid Indemnitee of the full amount of Damages specified in the Notice of Claim in accordance with this Article VIII, including the offset of any such amount against the Deferred Payment or Damages against amounts owed by DoveBid to the Shareholders pursuant to the Shareholders' Payable, Promissory Notes, Convertible Promissory Notes or otherwise, and, without further notice, to have stipulated to the entry of a final judgment for damages against the Shareholders for such amount in any court having jurisdiction over the matter where venue is proper.

Uncontested Claims. In the event that, within fifteen calendar ------------------ calendar days after a Notice of Claim is received by the Representativesuch Shareholder, the Representative such Shareholder does not contest such Notice of Claim in writing to DoveBid (an "Uncontested Claim"), the Representative such Shareholder will be conclusively deemed to have consented, on behalf of all Shareholders, consented to the recovery by the DoveBid Indemnitee of the full amount of Damages specified in the Notice of Claim in accordance with this Article VIII, including the offset of any such amount Damages against the Debt, the Deferred Payment Payments or against amounts owed by DoveBid to the Shareholders such Shareholder pursuant to the Convertible Promissory Notes or otherwise, and, without further notice, to have stipulated to the entry of a final judgment for damages against the Shareholders such Shareholder for such amount in any court having jurisdiction over the matter where venue is proper.