Common use of Disputed Claims Clause in Contracts

Disputed Claims. If Indemnitor objects to any Claim or Third Party Claim, it shall give written notice of such objection and brief statement of the grounds of such objection to Indemnitee within 20 business days after notice is received. If no such notice is given, such claim shall be a Liquidated Claim. If such objection is made, Indemnitor and Indemnitee shall meet and use their best efforts to settle the dispute in writing which, when resolved, shall be a Liquidated Claim.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Telenetics Corp), Asset Purchase Agreement (Telenetics Corp), Asset Purchase Agreement (Greenland Corp)

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Disputed Claims. If Indemnitor objects to any Claim or Third Party Claim, it shall give written notice of such objection and brief statement of the grounds of such objection to Indemnitee within 20 twenty (20) business days after notice is received. If no such notice is given, such claim shall be a Liquidated Claim. If such objection is made, Indemnitor and Indemnitee shall meet and use their best efforts to settle the dispute in writing which, which when resolved, resolved shall be a Liquidated Claim. If no such settlement is reached, the parties will submit their dispute to arbitration pursuant to Section 7(p) hereof.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Graphix Zone Inc /Ca/), Asset Purchase Agreement (Trimark Holdings Inc), Asset Purchase Agreement (Graphix Zone Inc /Ca/)

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Disputed Claims. If Indemnitor Seller objects to any Claim or Third Party Claim, it shall give written notice of such objection and brief statement of the grounds of such objection to Indemnitee within 20 business days after notice is received. If no such notice objection is given, such claim Claim or Third Party Claim, as the case may be, shall be a Liquidated Claim. If such objection is made, Indemnitor Indemnitee and Indemnitee Seller shall meet and use their best efforts to settle the dispute in writing which, that when resolved, resolved shall be a Liquidated Claim.

Appears in 1 contract

Samples: Asset Purchase Agreement (JTS Corp)

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