Common use of Claims/Disputes Clause in Contracts

Claims/Disputes. Each Indemnified Person shall give the Company prompt written notice (an “Indemnification Notice”) of any third party Action it has actual knowledge of that might give rise to Losses, which notice shall set forth a description of those elements of such Action of which such Indemnified Person has knowledge; provided, that any delay or failure to give such Indemnification Notice shall not affect the indemnification obligations of the Company hereunder except to the extent the Company is materially prejudiced by such delay or failure.

Appears in 5 contracts

Samples: Note Purchase Agreement (Broadcom Cayman L.P.), Securities Purchase Agreement (Gastar Exploration Inc.), Securities Purchase Agreement (Gastar Exploration Inc.)

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