Common use of Assertion of Claims Clause in Contracts

Assertion of Claims. No claim for indemnification shall be brought under Section 8.1 for a breach of a representation or warranty unless the Indemnified Persons, or any of them, at any time prior to the applicable Survival Date, give the Indemnifying 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 8.3 of any Third Party Claim, the existence of which might give rise to such a claim for indemnification. Upon the giving of such written notice as aforesaid, the Indemnified Persons, or any of them, shall have the right to commence legal proceedings subsequent to the Survival Date for the enforcement of their rights under Section 8.1.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Tiger Telematics Inc), Stock Purchase Agreement (Tiger Telematics Inc), Stock Purchase Agreement (Tiger Telematics Inc)

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Assertion of Claims. No claim for indemnification shall be brought under Section 8.1 for a breach of a representation or warranty under Section 8.1 hereof unless the Indemnified Persons, or any of them, at any time prior to the applicable Survival Date, give the Indemnifying 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 8.3 of any Third Party ClaimClaim (as hereinafter defined), the existence of which might give rise to such a claim for indemnificationclaim. Upon the giving of such written notice as aforesaid, the Indemnified Persons, or any of them, shall have the right to commence legal proceedings subsequent to the Survival Date for the enforcement of their rights under Section 8.1.

Appears in 3 contracts

Samples: Merger Agreement (Chemical Leaman Corp /Pa/), Merger Agreement (MTL Inc), Merger Agreement (MTL Inc)

Assertion of Claims. No claim for indemnification shall be brought under Section 8.1 9.1 for a breach of a representation or warranty unless the Indemnified Persons, or any of them, at any time prior to the applicable Survival Date, give the Indemnifying 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 8.3 9.3 of any Third Party Claim, the existence of which might give rise to such a claim for indemnification. Upon the giving of such written notice as aforesaid, the Indemnified Persons, or any of them, shall have the right to commence legal proceedings subsequent to the Survival Date for the enforcement of their rights under Section 8.19.1.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Pacer International Inc), Stock Purchase Agreement (Pacer International Inc)

Assertion of Claims. No claim for indemnification shall be brought under Section 8.1 for a breach of a representation or warranty 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 (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 8.3 7.3 of any Third Party Claim, the existence of which might give rise to such a claim for indemnificationclaim. 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 to or subsequent to the Survival Date for the enforcement of their rights under Section 8.17.1.

Appears in 1 contract

Samples: Securities Purchase Agreement (Alliance Imaging Inc /De/)

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Assertion of Claims. No claim for indemnification shall be brought under Section 8.1 for a breach of a representation or warranty under Section 8.1 hereof unless the Indemnified Persons, or any of them, at any time prior to the applicable Survival Date, give the Indemnifying 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 8.3 of any Third Party Claim, the existence of which might give rise to such a claim for indemnificationclaim. 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 to or subsequent to the Survival Date for the enforcement of their rights under Section 8.1.

Appears in 1 contract

Samples: Securities Purchase Agreement (American Shared Hospital Services)

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