Common use of Defence of Third Party Claims Clause in Contracts

Defence of Third Party Claims. In the event of the assertion or commencement by any Person of any claim or Proceeding (whether against the Company, against any other Indemnitee or against any other Person) with respect to which the Vendors may become obligated to indemnify, hold harmless, compensate or reimburse any Indemnitee pursuant to this Section 8, the Purchaser may proceed with the defence of such claim or Proceeding on its own, on the following basis:

Appears in 2 contracts

Samples: Share Purchase Agreement (Asia Online LTD), Share Purchase and Subscription Agreement (Asia Online LTD)

AutoNDA by SimpleDocs

Defence of Third Party Claims. In the event of the assertion or commencement by any Person of any claim or Proceeding (whether against the Company, against any other Indemnitee or against any other Person) with respect to which the Vendors may become obligated to indemnify, hold harmless, compensate or reimburse any Indemnitee pursuant to this Section 8, the Purchaser may proceed with Vendors shall have the right, in the first instance to assume the defence of such claim or Proceeding on its own, on at the following basissole expense of the Vendors. If the Vendors so elect to assume the defence of any such claim or Proceeding:

Appears in 1 contract

Samples: Share Sale and Subscription Agreement (Asia Online LTD)

AutoNDA by SimpleDocs

Defence of Third Party Claims. In the event of the assertion or commencement by any Person of any claim or Proceeding (whether against the Company, against any other Indemnitee or against any other Person) with respect to which the Vendors may become obligated to indemnify, hold harmless, compensate or reimburse any Indemnitee pursuant to this Section 8, the Purchaser may proceed with the defence of such claim or Proceeding on its own, or if the Vendors so elect, with the participation of the Vendors, on the following basis:

Appears in 1 contract

Samples: Share Purchase Agreement (Asia Online LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.