Common use of Accrual of Indemnification Obligation Clause in Contracts

Accrual of Indemnification Obligation. Notwithstanding anything to the contrary in this Agreement, the Indemnitee shall have no right to indemnification against the Indemnitor for any Indemnification Claim which (i) does not involve a Third-Party Claim but is disputed by Indemnitor until such time as such dispute is resolved by written agreement or other means as the Parties otherwise may agree in writing, or (ii) which involves a Third-Party Claim until such time as such Third-Party Claim is concluded, including any appeals with respect thereto; provided, however, that nothing in this Section 15.5.4 shall limit the Indemnitee’s rights to defense with respect to such Indemnification Claim as otherwise set forth in this ARTICLE XV.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Chesapeake Lodging Trust), Purchase and Sale Agreement (Chesapeake Lodging Trust), Purchase and Sale Agreement (Highland Hospitality Corp)

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Accrual of Indemnification Obligation. Notwithstanding anything to the contrary in this Agreement, the Indemnitee shall have no right to indemnification against the Indemnitor for any Indemnification Claim which (i) does not involve a Third-Party Claim Claim, but is disputed by Indemnitor until such time as such dispute is resolved by written agreement or other means as the Parties otherwise may agree in writing, or (ii) which involves a Third-Party Claim Claim, until such time as such dispute or Third-Party Claim is concluded, including any appeals with respect thereto; provided, however, that nothing in this Section 15.5.4 14.4(d) shall limit the Indemnitee’s rights to defense with respect to such Indemnification Claim as otherwise set forth in this ARTICLE XVArticle XIV.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Chesapeake Lodging Trust)

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