Indemnification Notice definition

Indemnification Notice has the meaning set forth in Section 11.3(a).

Indemnification Notice. Has the meaning set forth in Section 5.3(a).

Indemnification Notice is defined in Section 9.2(a).

Examples of Indemnification Notice in a sentence

• The Indemnification Notice will specify whether the Losses arise as a result of a Third Party Claim or a Direct Claim, and will also specify with reasonable particularity (to the extent the information is available) the factual basis for the Claim and the amount of the Losses, if known.

• An Indemnification Notice must describe the event giving rise to the proposed claim and the proposed claim in reasonably sufficient detail to put the Indemnifying Party fairly on notice of the matter in question and the likely monetary quantum of the Loss (to the extent the Indemnified Party can reasonably determine that amount at the relevant time the Indemnification Notice is given).

• Following receipt of an Indemnification Notice in respect of a Direct Claim, the Indemnitor has 60 days to make such investigation of the Direct Claim as is considered necessary or desirable.

• Owner shall be entitled to assume the defense of any Third Party Claim by written notice to the Indemnified Party of such intention given within thirty (30) days after the receipt by Owner of the Indemnification Notice; provided, however, that counsel selected by the Indemnifying Party shall be reasonably satisfactory to Owner.

• Any delay in any Indemnification Notice or Third Party Claim Notice given by the Indemnified Party does not relieve the Indemnifying Party of or alter its obligations in relation to any Indemnity Claim, except to the extent that the Indemnifying Party is materially prejudiced by such delay.

More Definitions of Indemnification Notice

Indemnification Notice shall have the meaning set forth in Section 8.3.

Indemnification Notice shall have the meaning set forth in Section 4.22(b).

Indemnification Notice has the meaning specified in Section 8.5(a).

Indemnification Notice shall have the meaning specified in Section 10.3(a).

Indemnification Notice means the notice provided for by Section 3(a) of this Agreement.

Indemnification Notice means written notice by an Indemnitee to the applicable Indemnitor or Indemnitors of a Third Party Claim or Direct Claim, as the case may be.

Indemnification Notice has the meaning ascribed to such term in Section 6.6(a).