Common use of Delivery of Claim Notice Clause in Contracts

Delivery of Claim Notice. If any Indemnitee has or claims to have incurred or suffered Damages for which it is or may be entitled to indemnification, compensation or reimbursement under Section 5 of this Agreement, such Indemnitee is required to deliver a claim notice (a “Claim Notice”) to the Indemnifying Party. Each Claim Notice shall state that such Indemnitee believes that there is or has been a breach of a representation, warranty or covenant contained in this Agreement or that such Indemnitee is otherwise entitled to indemnification, compensation or reimbursement under Section 5 of this Agreement, and contain a brief description of the circumstances supporting such Indemnitee’s belief that there is or has been such a Breach or that such Indemnitee is so entitled to indemnification, compensation or reimbursement and shall, to the extent possible, contain a good faith, non-binding, preliminary estimate of the amount of Damages such Indemnitee claims to have so incurred or suffered (the “Claimed Amount”).

Appears in 1 contract

Samples: Asset Purchase Agreement (Cord Blood America, Inc.)

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Delivery of Claim Notice. If any Indemnitee has or claims to have incurred or suffered Damages for which it is or may be entitled to indemnification, compensation compensation, or reimbursement under Section 5 Article 7 of this Agreement, such Indemnitee is required to deliver a claim notice (a “Claim Notice”) to the Indemnifying PartyIndemnitor. Each Claim Notice shall state that such Indemnitee believes that there is or has been a breach of a representation, warranty warranty, or covenant contained in this Agreement or that such Indemnitee is otherwise entitled to indemnification, compensation compensation, or reimbursement under Section 5 Article 7 of this Agreement, and contain a brief description of the circumstances supporting such Indemnitee’s belief that there is or has been such a Breach breach or that such Indemnitee is so entitled to indemnification, compensation compensation, or reimbursement and shall, to the extent possible, contain a good faith, non-binding, preliminary estimate of the amount of Damages such Indemnitee claims to have so incurred or suffered (the “Claimed Amount”).

Appears in 1 contract

Samples: Asset Purchase Agreement (PhaseBio Pharmaceuticals Inc)

Delivery of Claim Notice. If any Indemnitee has or claims to have incurred or suffered Damages for which it is or may be entitled to indemnification, compensation or reimbursement under Section 5 of this AgreementArticle IX, such Indemnitee is required may, on or prior to the last day of the Survival Period, deliver a claim notice (a “Claim Notice”) to the Indemnifying Party. Each Claim Notice shall state that such Indemnitee believes that there is or has been a breach of a representation, warranty or covenant contained in this Agreement or that such Indemnitee is otherwise entitled to indemnification, compensation or reimbursement under Section 5 of this AgreementArticle IX, and contain a brief description of the circumstances supporting such Indemnitee’s belief that there is or has been such a Breach breach or that such Indemnitee is so entitled to indemnification, compensation or reimbursement and shall, to the extent possible, contain a good faith, non-binding, preliminary estimate of the amount of Damages such Indemnitee claims to have so incurred or suffered (the “Claimed Amount”).

Appears in 1 contract

Samples: Share Purchase Agreement (Iomega Corp)

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Delivery of Claim Notice. If any Indemnitee has or claims to have incurred or suffered Damages for which it is or may be entitled to indemnification, compensation or reimbursement under Section 5 9 of this Agreement, such Indemnitee is required to deliver a claim notice (a “Claim Notice”"CLAIM NOTICE") to the Indemnifying Party. Each Claim Notice shall state that such Indemnitee believes that there is or has been a breach of a representation, warranty or covenant contained in this Agreement or that such Indemnitee is otherwise entitled to indemnification, compensation or reimbursement under Section 5 9 of this Agreement, and contain a brief description of the circumstances supporting such Indemnitee’s 's belief that there is or has been such a Breach breach or that such Indemnitee is so entitled to indemnification, compensation or reimbursement and shall, to the extent possible, contain a good faith, non-binding, preliminary estimate of the amount of Damages such Indemnitee claims to have so incurred or suffered (the “Claimed Amount”"CLAIMED AMOUNT").

Appears in 1 contract

Samples: Asset Purchase Agreement (Pc Tel Inc)

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