Examples of Claim or Proceeding in a sentence
Seller shall promptly notify Purchaser, and Purchaser shall promptly notify Seller, if, at any time from the Execution Date until the Closing, Seller or Purchaser, as the case may be, receives notice of any Claim or Proceeding of the type described in Section 8.8 or Section 9.8.
If requested by the Indemnifying Party, the Indemnified Party agrees to reasonably cooperate with the Indemnifying Party and its counsel in contesting any Claim or Proceeding that the Indemnifying Party defends, including, if appropriate, making any counterclaim or cross-complaint.
A “Claim” subject to arbitration is any claim, dispute or controversy between you and us (other than an Excluded Claim or Proceeding as set forth below), whether preexisting, present or future, which arises out of or relates to the Account, these rules and regulations or any transaction conducted with us in connection with the Account or these rules and regulations.
Subject to Section 9.1, Buyer and Sellers agree to furnish or cause their Affiliates to furnish, to each other, upon request, as promptly as practicable, such information and assistance relating to the Acquired Assets or the Business as is reasonably necessary for the filing of all Tax Returns and other Tax filings, the preparation for any audit by any Taxing Authority and the defense of any Claim or Proceeding relating to Taxes of the Acquired Assets or the Business.
Except as set forth on Section 4.16 of the Sellers Disclosure Schedule, there is no material Claim or Proceeding which is pending or, to the Knowledge of Sellers, threatened against or relating to the Company Group, the Business or any Key Employee (with respect to the Business), or that relates to the transactions contemplated by this Agreement.
There is no Claim or Proceeding which is pending or, to such Seller’s Knowledge, threatened against, or affecting such Seller, which could reasonably adversely affect the ability of such Seller to consummate the transactions contemplated by this Agreement or the Related Agreements to which such Seller is a party.
In the event of any termination or expiration of this Agreement, the provisions of this Section 14.5, and Sections 8.2, 11 (with respect to any Claim or Proceeding then existing), 12, and 14.4 shall survive such termination or expiration, together with any other provision hereof that by its terms survives termination or expiration hereof and any other obligations that have accrued prior to the termination or expiration of this Agreement.
The indemnity is subject to the employee providing accurate information to the employer and co-operating reasonably with the employer in relation to the Claim or the Proceeding, including providing written statements to the employer in relation to the circumstances leading to or the subject of the Claim or Proceeding and, if relevant, the provision of reasonable assistance to the employer in formulating its own response to or defence of the Claim or Proceeding.
Notwithstanding the foregoing, the indemnifying party’s obligations are conditional upon the indemnified party and its Indemnified Representatives (if applicable): (a) promptly notifying the indemnifying party in writing of any such Claim or Proceeding; (b) cooperating with the indemnifying party in the defense or settlement thereof; and (c) allowing the indemnifying party sole control of the defense or settlement.
The Indemnifying Party shall assume, at its cost and expense, the defense of such Claim or Proceeding through its legal counsel selected and reasonably acceptable to the Indemnified Party, except that the Indemnified Party may, at its option and expense, select and be represented by separate counsel.