Common use of Dispute of Liability Clause in Contracts

Dispute of Liability. If the Indemnifying Party disputes its liability with respect to such claim or demand or the amount thereof (whether or not the Indemnifying Party desires to defend the Indemnified Party against such claim or demand as provided herein), such dispute shall be resolved in accordance with Section 8(g) hereof. Pending the resolution of any dispute by the Indemnifying Party of its liability with respect to any claim or demand, such claim or demand shall not be settled without the prior written consent of the Indemnified Party.

Appears in 2 contracts

Samples: Stock Exchange Agreement (Millstream Ventures, Inc.), Stock Purchase Agreement (Network Investor Communications Inc)

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Dispute of Liability. If the Indemnifying Party disputes its liability with respect to such claim or demand or the amount thereof (whether or not the Indemnifying Party desires to defend the Indemnified Party against such claim or demand as provided herein), such dispute shall be resolved in accordance with Section 8(gsection 12(m) hereof. Pending the resolution of any dispute by the Indemnifying Party of its liability with respect to any claim or demand, such claim or demand shall not be settled without the prior written consent of the Indemnified Party.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Worldport Communications Inc), Agreement and Plan of Merger (Worldport Communications Inc)

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Dispute of Liability. If the Indemnifying Party disputes its liability with respect to such claim or demand or the amount thereof (whether or not the Indemnifying Party desires to defend the Indemnified Party against such claim or demand as provided herein), such dispute shall be resolved in accordance with Section 8(gparagraph 8(f) hereof. Pending the resolution of any dispute by the Indemnifying Party of its liability with respect to any claim or demand, such claim or demand shall not be settled without the prior written consent of the Indemnified Party.

Appears in 1 contract

Samples: Stock Purchase Agreement (Flanders Corp)

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