Common use of Assertion of Claims Clause in Contracts

Assertion of Claims. No claim shall be brought under Section 7.1 hereof unless the Indemnified Persons, or any of them, at any time prior to the applicable Survival Date, give the Indemnifying Persons, as applicable, (a) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known, or (b) written notice pursuant to Section 7.4 of any third party claim, the existence of which might give rise to such a claim but the failure so to provide such notice will not relieve the Indemnifying Persons from any liability that they may have to the Indemnified Persons under this Agreement or otherwise (unless and only to the extent that such failure results in the loss or compromise of any rights or defenses of the Indemnifying Persons and they were not otherwise aware of such action or claim). Upon the giving of such written notice as aforesaid, the Indemnified Persons, or any of them, shall have the right to commence legal proceedings prior or subsequent to the Survival Date for the enforcement of their rights under Section 7.2 hereof.

Appears in 3 contracts

Samples: Asset Purchase Agreement (GBT Technologies Inc.), Asset Purchase Agreement (Trend Innovations Holding Inc.), Asset Purchase Agreement (Investview, Inc.)

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Assertion of Claims. No claim shall be brought under Section 7.1 8.2 hereof unless the Indemnified Persons, or any of them, at any time prior to the applicable Survival Date, give the Indemnifying Persons, as applicable, Stockholder (a) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known, known or (b) written notice pursuant to Section 7.4 8.4 of any third party claim, the existence of which might give rise to such a claim but the failure so to provide such notice to the Stockholder will not relieve the Indemnifying Persons from any liability that which they may have to the Indemnified Persons under this Agreement or otherwise (unless and only to the extent that such failure results in the loss or compromise of any rights or defenses of the Indemnifying Persons and they were not otherwise aware of such action or claim). Upon the giving of such written notice as aforesaid, the Indemnified Persons, or any of them, shall have the right to commence legal proceedings prior or subsequent to the Survival Date for the enforcement of their rights under Section 7.2 8.2 hereof.

Appears in 3 contracts

Samples: Annexes and Schedules (Swi Holdings LLC), Annexes and Schedules (Swi Holdings LLC), Agreement and Plan of Reorganization (GHS Inc)

Assertion of Claims. No claim Claim shall be brought under Section 7.1 12.2 hereof unless the Indemnified Persons, or any of them, at any time prior to the applicable Survival Date, give the Indemnifying Persons, as applicable, promptly provides (a) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known, known or (b) written notice pursuant to Section 7.4 12.4 of any third party claimThird Party Claim, the existence of which might give rise to such a claim Claim, but the failure so to provide such notice will not relieve the Indemnifying Persons from any liability that which they may have to the Indemnified Persons under this Agreement or otherwise (unless and only to the extent that such failure results in the loss or compromise of any rights or defenses of the Indemnifying Persons and they were not otherwise aware of such action or claim). Upon the giving of such written notice as aforesaiddescribed in this Section 12.3, the Indemnified Persons, or any of them, shall have the right to commence legal proceedings prior or subsequent to the Survival Date for the enforcement of their rights under Section 7.2 12.2 hereof.

Appears in 2 contracts

Samples: Media Services Agreement, Media Services Agreement (dELiAs, Inc.)

Assertion of Claims. No claim Claim shall be brought under Section 7.1 12.2 hereof unless the Indemnified Persons, or any of them, at any time prior to the applicable Survival Date, give the Indemnifying Persons, as applicable, promptly provides (a) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known, known or (b) written notice pursuant to Section 7.4 12.4 of any third party claimThird Party Claim, the existence of which might give rise to such a claim Claim, but the failure so to provide such notice will not relieve the Indemnifying Persons from any liability that which they may have to the Indemnified Persons under this Agreement or otherwise (unless and only to the extent that such failure results in the loss or compromise of any rights or defenses of the Indemnifying Persons and they were not otherwise aware of such action or claim). Upon the giving of such written notice as aforesaid, the Indemnified Persons, or any of them, shall have the right to commence legal proceedings prior or subsequent to the Survival Date for the enforcement of their rights under Section 7.2 12.2 hereof.

Appears in 2 contracts

Samples: Media Services Agreement (dELiAs, Inc.), Media Services Agreement (dELiAs, Inc.)

Assertion of Claims. No claim shall be brought under Section 7.1 8.2 hereof unless the Indemnified Persons, or any of them, at any time prior to the applicable Survival Date, give the Indemnifying Persons, as applicable, a Stockholder (a) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known, known or (b) written notice pursuant to Section 7.4 8.4 of any third party claim, the existence of which might give rise to such a claim but the failure so to provide such notice to the Stockholders will not relieve the Indemnifying Persons from any liability that which they may have to the Indemnified Persons under this Agreement or otherwise (unless and only to the extent that such failure results in the loss or compromise of any rights or defenses of the Indemnifying Persons and they were not otherwise aware of such action or claim). Upon the giving of such written notice as aforesaid, the Indemnified Persons, or any of them, shall have the right to commence legal proceedings prior or subsequent to the Survival Date for the enforcement of their rights under Section 7.2 8.2 hereof.

Appears in 1 contract

Samples: Annexes and Schedules (Alloy Online Inc)

Assertion of Claims. No claim shall be brought under Section 7.1 5.1 hereof unless the Indemnified Persons, or any of them, at any time prior to the applicable Survival Date, give the Indemnifying Persons, as applicable, (a) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known, or (b) written notice pursuant to Section 7.4 5.4 of any third party claim, the existence of which might give rise to such a claim but the failure so to provide such notice will not relieve the Indemnifying Persons from any liability that they may have to the Indemnified Persons under this Agreement or otherwise (unless and only to the extent that such failure results in the loss or compromise of any rights or defenses of the Indemnifying Persons and they were not otherwise aware of such action or claim). Upon the giving of such written notice as aforesaid, the Indemnified Persons, or any of them, shall have the right to commence legal proceedings prior or subsequent to the Survival Date for the enforcement of their rights under Section 7.2 5.2 hereof.

Appears in 1 contract

Samples: Asset Purchase Agreement (Avalon Globocare Corp.)

Assertion of Claims. No claim shall be brought under Section 7.1 8.2 hereof unless the Indemnified Persons, or any of them, at any time prior to the applicable Survival Date, give the Indemnifying Persons, as applicable, Stockholder (a) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known, or (b) written notice pursuant to Section 7.4 8.4 of any third party claim, the existence of which might give rise to such a claim but the failure so to provide such notice to the Stockholder will not relieve the Indemnifying Persons from any liability that they may have to the Indemnified Persons under this Agreement or otherwise (unless and only to the extent that such failure results in the loss or compromise of any rights or defenses of the Indemnifying Persons and they were not otherwise aware of such action or claim). Upon the giving of such written notice as aforesaid, the Indemnified Persons, or any of them, shall have the right to commence legal proceedings prior or subsequent to the Survival Date for the enforcement of their rights under Section 7.2 8.2 hereof.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Ivillage Inc)

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Assertion of Claims. No claim shall be brought under Section 7.1 8.2 hereof unless the Indemnified Persons, or any of them, at any time prior to the applicable Survival Date, give the Indemnifying Persons, as applicable, Stockholders' Representative (a) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known, or (b) written notice pursuant to Section 7.4 8.4 of any third party claim, the existence of which might give rise to such a claim but the failure so to provide such notice to the Stockholders' Representative will not relieve the Indemnifying Persons from any liability that they may have to the Indemnified Persons under this Agreement or otherwise (unless and only to the extent that such failure results in the loss or compromise of any rights or defenses of the Indemnifying Persons and they were not otherwise aware of such action or claim). Upon the giving of such written notice as aforesaid, the Indemnified Persons, or any of them, shall have the right to commence legal proceedings prior or subsequent to the Survival Date for the enforcement of their rights under Section 7.2 8.2 hereof.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Ivillage Inc)

Assertion of Claims. No claim shall be brought under Section 7.1 9.4 hereof unless the Indemnified Persons, or any of them, at any time prior to the applicable Survival Date, give the Indemnifying Persons, as applicable, Persons (a) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known, or (b) written notice pursuant to Section 7.4 9.6 of any third party claimThird Party Claim, the existence of which might give rise to such a claim but the failure so to provide such notice to the Indemnifying Persons will not relieve the Indemnifying Persons from any liability that which they may have to the Indemnified Persons under this Agreement or otherwise (unless and only to the extent that such failure results in the loss or compromise of any rights or defenses of the Indemnifying Persons and they were not otherwise aware of such action or claim). Upon the giving of such written notice as aforesaid, the Indemnified Persons, or any of them, shall have the right to commence legal proceedings prior or subsequent to the Survival Date for the enforcement of their rights under Section 7.2 9.4 hereof.

Appears in 1 contract

Samples: Asset Purchase Agreement (Alphatec Holdings, Inc.)

Assertion of Claims. No claim shall be brought under Section 7.1 8.2 ------------------- hereof unless the Indemnified Persons, or any of them, at any time prior to the applicable Survival Date, give the Indemnifying Persons, as applicable, Stockholder (a) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known, known or (b) written notice pursuant to Section 7.4 8.4 of any third party claim, the existence of which might give rise to such a claim but the failure so to provide such notice to the Stockholder will not relieve the Indemnifying Persons from any liability that which they may have to the Indemnified Persons under this Agreement or otherwise (unless and only to the extent that such failure results in the loss or compromise of any rights or defenses of the Indemnifying Persons and they were not otherwise aware of such action or claim). Upon the giving of such written notice as aforesaid, the Indemnified Persons, or any of them, shall have the right to commence legal proceedings prior or subsequent to the Survival Date for the enforcement of their rights under Section 7.2 8.2 hereof.

Appears in 1 contract

Samples: Alloy Online Inc

Assertion of Claims. No claim shall be brought under Section 7.1 9.2 hereof unless the Indemnified Persons, or any of them, at any time prior to the applicable Survival DateDate (as defined in Section 9.5), give the appropriate Indemnifying Persons, as applicable, Persons (a) written notice of the existence of any such claim, specifying the nature and basis of such claim and the amount thereof, to the extent known, known or (b) written notice pursuant to Section 7.4 9.4 of any third party claimThird Party Claim, the existence of which might give rise to such a claim but the failure so to provide such notice will not relieve the Indemnifying Persons from any liability that which they may have to the Indemnified Persons under this Agreement or otherwise (unless and only to the extent that such failure results in the loss or compromise of any rights or defenses of the Indemnifying Persons and they were not otherwise aware of such action or claim). Upon the giving of such written notice as aforesaid, the Indemnified Persons, or any of them, shall have the right to commence legal proceedings prior or subsequent to the Survival Date for the enforcement of their rights under Section 7.2 9.2 hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Student Advantage Inc)

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