Claim Notice. The Party seeking indemnification under the terms of this Agreement (“Indemnified Party”) shall submit a written “Claim Notice” to the other Party (“Indemnifying Party”) which, to be effective, must be delivered prior to the end of the Survival Period and must state: (A) to the extent reasonably possible the amount of each payment claimed by an Indemnified Party to be owing; (B) to the extent reasonably possible the basis for such claim, with supporting documentation; and (C) a list identifying to the extent reasonably possible each separate item of Loss for which payment is so claimed. The amount claimed shall be paid by the Indemnifying Party to the extent required herein within thirty (30) days after receipt of the Claim Notice, or after the amount of such payment has been finally established as provided in Subsection 15.4(c), whichever last occurs.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Legacy Reserves Lp)
Claim Notice. The Party seeking indemnification under the terms of this Agreement (“Indemnified Party”) shall submit a written “Claim Notice” to the other Party (“Indemnifying Party”) which, to be effective, must be delivered prior to the end of the Survival Period and must state: (Ai) to the extent reasonably possible the amount of each payment claimed by an Indemnified Party to be owing; , (Bii) to the extent reasonably possible the basis for such claim, with reasonably available supporting documentation; , and (Ciii) a list identifying to the extent reasonably possible each separate item of Loss for which payment is so claimed. The amount claimed shall be paid by the Indemnifying Party to the extent required herein within thirty twenty (3020) days after receipt of the Claim Notice, or after the amount of such payment has been finally established as provided in Subsection 15.4(cSection 16.3(c), whichever last occurs.
Appears in 2 contracts
Samples: Contribution Agreement, Contribution Agreement (Delta Petroleum Corp/Co)
Claim Notice. The Party seeking indemnification under the terms of this Agreement (“Indemnified Party”) shall submit a written notice (“Claim Notice” ”) to the other Party (“Indemnifying Party”) which, to be effective, must be delivered prior to the end of the Survival Period and must state: (A1) to the extent reasonably possible Indemnified Party’s good faith estimate of the amount of each payment claimed by an such Indemnified Party to be owing; , (B2) to the extent reasonably possible the basis for such claim, with supporting documentation; , if available, and (C3) a list identifying to the extent reasonably possible each separate item of Loss for which payment is so claimedclaimed to such Indemnified Party. The amount claimed shall be paid by the Indemnifying Party to the extent required herein in this Agreement within thirty (30) 30 days after receipt of the Claim Notice, or after the amount of such payment has been finally established as provided in Subsection 15.4(c)established, whichever last occurs.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Earthstone Energy Inc), Purchase and Sale Agreement (Earthstone Energy Inc)
Claim Notice. The Party seeking indemnification under the terms of this Agreement (“Indemnified Party”) shall submit a written “Claim Notice” to the other Party (“Indemnifying Party”) which, to be effective, must be delivered prior to the end of the Survival Period and must state: (Ai) to the extent reasonably possible the amount of each payment claimed by an Indemnified Party to be owing; , (Bii) to the extent reasonably possible the basis for such claim, with supporting documentation; , and (Ciii) a list identifying to the extent reasonably possible each separate item of Loss for which payment is so claimed. The amount claimed shall be paid by the Indemnifying Party to the extent required herein within thirty (30) days after receipt of the Claim Notice, or after the amount of such payment has been finally established as provided in Subsection 15.4(c)established, whichever last occurs.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Delta Petroleum Corp/Co)
Claim Notice. The Party seeking indemnification under the terms of this Agreement (“Indemnified Party”) shall submit a written notice (a “Claim Notice” ”) to the other Party (“Indemnifying Party”) which, to be effective, must be delivered prior to the end of the Survival Period and must state: (Ai) to the extent reasonably possible the amount of each payment claimed by an Indemnified Party to be owing; , (Bii) to the extent reasonably possible the basis for such claim, with supporting documentation; , and (Ciii) a list identifying to the extent reasonably possible each separate item of Loss for which payment is so claimed. The amount claimed shall be paid by the Indemnifying Party to the extent required herein within thirty (30) days after receipt of the Claim Notice, or after the amount of such payment has been finally established as provided in Subsection 15.4(c)established, whichever last occurs.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Delta Petroleum Corp/Co)
Claim Notice. The Party seeking indemnification under the terms of this Agreement (“"Indemnified Party”") shall submit a written “"Claim Notice” " to the other Party (“"Indemnifying Party”") which, to be effective, must be delivered prior to the end of the Survival Period and must state: (Ai) to the extent reasonably possible the amount of each payment claimed by an Indemnified Party to be owing; , (Bii) to the extent reasonably possible the basis for such claim, with supporting documentation; , and (Ciii) a list identifying to the extent reasonably possible each separate item of Loss for which payment is so claimed. The amount claimed shall be paid by the Indemnifying Party to the extent required herein within thirty (30) days after receipt of the Claim Notice, or after the amount of such payment has been finally established as provided in Subsection 15.4(c14.4(c), whichever last occurs.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Empire Petroleum Corp)
Claim Notice. The Party seeking indemnification under the terms of this Agreement (“"Indemnified Party”") shall submit a written “"Claim Notice” " to the other Party (“"Indemnifying Party”") which, to be effective, must be delivered prior to the end of the applicable Survival Period and must state: (Ai) to the extent reasonably possible the amount of each payment claimed by an Indemnified Party to be owing; , (Bii) to the extent reasonably possible the basis for such claim, with supporting documentation; , and (Ciii) a list identifying to the extent reasonably possible each separate item of Loss for which payment is so claimed. The amount claimed shall be paid by the Indemnifying Party to the extent required herein within thirty (30) days after receipt of the Claim Notice, or after the amount of such payment has been finally established as provided in Subsection 15.4(cSection 14.3(b), whichever last occurs.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Empire Petroleum Corp)
Claim Notice. The Party seeking indemnification under the terms of this Agreement (“Indemnified Party”) shall submit a written “Claim Notice” to the other Party (“Indemnifying Party”) which, to be effective, must be delivered prior to the end of the Survival Period and must state: (Ai) to the extent reasonably possible the amount of each payment claimed by an Indemnified Party to be owing; , (Bii) to the extent reasonably possible the basis for such claim, with supporting documentation; , and (Ciii) a list identifying to the extent reasonably possible each separate item of Loss for which payment is so claimed. The amount claimed shall be paid by the Indemnifying Party to the extent required herein within thirty (30) days after receipt of the Claim Notice, or after the amount of such payment has been finally established as provided in Subsection 15.4(c)established, whichever last occurs.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Petroleum Development Corp)
Claim Notice. The Party party seeking indemnification under the terms of this Agreement (the “Indemnified Party”) shall submit a written notice (a “Claim Notice” ”) to the other Party party (the “Indemnifying Party”) which, to be effective, must be delivered prior to the end of the Survival Period and must state: (Ai) to the extent reasonably possible the amount of each payment claimed by an Indemnified Party to be owing; (B) , to the extent reasonably possible then quantifiable; (ii) the basis for such claim, with supporting documentation; and (Ciii) a list identifying to the extent reasonably possible each separate item of Loss for which payment is so claimed. The amount claimed shall be paid by the such Indemnifying Party to as and to, and only to, the extent required herein within thirty (30) 30 days after receipt of the Claim Notice, Notice or after the amount of such payment has been finally established as provided in Subsection 15.4(c)established, whichever last occurs.
Appears in 1 contract
Samples: Asset Purchase and Sale Agreement (Plains Exploration & Production Co)
Claim Notice. The Party seeking indemnification under the terms of this Agreement (the “Indemnified Party”) shall submit a written “Claim Notice” to the other Party (the “Indemnifying Party”) which, to be effective, must be delivered prior to the end of the Survival Period and must state: (Ai) to the extent reasonably possible if then liquidated, the amount of each payment claimed by an Indemnified Party to be owing; , (Bii) to the extent reasonably possible the basis for such claim, with supporting documentation; , and (Ciii) a list identifying to the extent reasonably possible each separate item of Loss for which payment is so claimed. The amount claimed shall be paid by the Indemnifying Party to the extent required herein within thirty (30) 10 days after the later of (x) receipt of the Claim Notice, or after Notice and (y) the date that the amount of such payment has been finally established as provided in Subsection 15.4(c), whichever last occursby mutual agreement of the Parties or final judgment of a court of competent jurisdiction.
Appears in 1 contract
Claim Notice. The Party party seeking indemnification under the terms of this Agreement (“Indemnified Party”"INDEMNIFIED PARTY") shall submit a written “Claim Notice” "CLAIM NOTICE" to the other Party party (“Indemnifying Party”"INDEMNIFYING PARTY") which, to be effective, must be delivered prior to the end of the Survival Period and must state: (Ai) to the extent reasonably possible the amount (if known) of each payment claimed by an Indemnified Party to be owing; , (Bii) to the extent reasonably possible the basis for such claim, with supporting documentation; , and (Ciii) a list identifying to the extent reasonably possible each separate item of Loss for which payment is so claimed. The amount claimed shall be paid by the Indemnifying Party to the extent required herein within thirty ten (3010) days after receipt of the Claim Notice, or after the amount of such payment has been finally established as provided in Subsection 15.4(c)established, whichever last occurs.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Williams Companies Inc)
Claim Notice. The Party seeking indemnification under the terms of this Agreement (the “Indemnified Party”) shall submit a written notice (a “Claim Notice” ”) to the other Party (the “Indemnifying Party”) which, to be effective, must be delivered prior to the end of the Survival Period and must state: (A1) to the extent reasonably possible the amount of each payment claimed by an Indemnified Party to be owing; (B) , to the extent reasonably possible then quantifiable; (2) the basis for such claim, with supporting documentation; and (C3) a list identifying to the extent reasonably possible each separate item of Loss for which payment is so claimed. The amount claimed shall be paid by the such Indemnifying Party to as and to, and only to, the extent required herein within thirty (30) days after receipt of the Claim Notice, Notice or after the amount of such payment has been finally established as provided in Subsection 15.4(c)established, whichever last occurs.
Appears in 1 contract