Common use of Claims Other Than Third Party Claims Clause in Contracts

Claims Other Than Third Party Claims. If the claim does not relate to a third-party claim, the indemnifying persons shall have 30 days after receipt of the claim notice to notify the indemnified party in writing whether the indemnifying persons accept liability for all or any part of the claim and the method and timing of any proposed payment. If the indemnifying persons do not so notify the indemnified party, the indemnifying persons shall be deemed to have accepted liability for all damages described in the claim notice.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Pacific Aerospace & Electronics Inc), Asset Purchase Agreement (Pacific Aerospace & Electronics Inc), Asset Purchase Agreement (PCT Holdings Inc /Nv/)

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Claims Other Than Third Party Claims. If the claim does not relate to a third-party claim, the indemnifying persons party shall have 30 days after receipt of the claim notice Claim Notice to notify the indemnified party in writing whether the indemnifying persons accept party accepts liability for all or any part of the claim and the method and timing of any proposed payment. If the indemnifying persons do party does not so notify the indemnified party, the indemnifying persons party shall be deemed to have accepted liability for all damages described in the claim noticeClaim Notice.

Appears in 2 contracts

Samples: Registration Rights Agreement (Walker Reid S), Registration Rights Agreement (SD Co Inc)

Claims Other Than Third Party Claims. If the claim does not ------------------------------------ relate to a third-party claim, the indemnifying persons shall have 30 days after receipt of the claim notice to notify the indemnified party in writing whether the indemnifying persons accept liability for all or any part of the claim and the method and timing of any proposed payment. If the indemnifying persons do not so notify the indemnified party, the indemnifying persons shall be deemed to have accepted liability for all damages described in the claim notice.

Appears in 1 contract

Samples: Asset Purchase Agreement (Orca Technologies Inc)

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Claims Other Than Third Party Claims. If the claim does not relate to a third-party claim, the indemnifying persons party shall have 30 days after receipt of the claim notice to notify the indemnified party in writing whether the indemnifying persons accept party accepts liability for all or any part of the claim and the method and timing of any proposed payment. If the indemnifying persons do party does not so notify the indemnified party, the indemnifying persons party shall be deemed to have accepted liability for all damages described in the claim Claim notice. 4.

Appears in 1 contract

Samples: Registration Rights Agreement (Globalmedia Com)

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