Common use of Claims for Indemnity Clause in Contracts

Claims for Indemnity. Whenever a claim shall arise for which any party shall be entitled to indemnification hereunder, the indemnified party shall promptly notify the indemnifying party in writing (which may include facsimile transmission) following the indemnified party's receipt of notice of, or the indemnified party's obtaining actual knowledge of, such claim. Such notice shall specify all facts known to the indemnified party giving rise to such indemnity rights and shall estimate (to the extent reasonably possible) the amount of potential liability arising therefrom.