Common use of Admitted Claims Clause in Contracts

Admitted Claims. If, within 20 Business Days after a Notice of Claim is delivered to the Indemnitor, the Indemnitor agrees in writing that liability for such Claim is indemnified under Article XI the full amount of the Damages specified in the Notice of Claim is agreed to, and that such Notice of Claim is timely, the Indemnitor shall be conclusively deemed to have consented to the recovery by the Buyer Indemnitee of the full amount of Damages specified in the Notice of Claim in accordance with this Section 11.4(a).

Appears in 3 contracts

Samples: Acquisition Agreement (MF Global Ltd.), Acquisition Agreement, Acquisition Agreement (Refco Inc.)

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Admitted Claims. If, within 20 Business Days after a Notice of Claim is delivered to the Indemnitor, the Indemnitor agrees in writing (i) that liability for such Claim is indemnified under this Article XI X and (ii) to the full amount of the Damages specified in the Notice of Claim is agreed to, and that such Notice of Claim is timelyClaim, the Indemnitor (on behalf of the Stockholders if the Representative is the Indemnitor) shall be conclusively deemed to have consented to the recovery by the Buyer Indemnitee of the full amount of Damages specified in the Notice of Claim in accordance with this Section 11.4(a)Claim.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ecolab Inc)

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Admitted Claims. If, within 20 Business Days after a Notice of Claim is delivered to the Indemnitor, the Indemnitor agrees in writing that liability for such Claim is indemnified under Article XI Section 8.1 or Section 8.2, as applicable, the full amount of the Damages specified in the Notice of Claim is agreed to, and that such Notice of Claim is timely, the Indemnitor shall be conclusively deemed to have consented to the recovery by the Buyer Indemnitee of the full amount of Damages specified in the Notice of Claim in accordance with this Section 11.4(a)Article VIII.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Regal Entertainment Group)

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