Common use of Failure of Indemnifying Party to Act Clause in Contracts

Failure of Indemnifying Party to Act. In the event that the indemnifying party does not elect to assume the defense of any claim, suit, action or proceeding, then any failure of the indemnified party to defend or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the indemnifying party of its obligations hereunder, provided, that the indemnified party gives the indemnifying party at least thirty (30) days written notice of its proposed failure to defend or participate and affords the indemnifying party the opportunity to assume the defense thereof.

Appears in 3 contracts

Samples: Master Agreement (Chequemate International Inc), Master Agreement (Chequemate International Inc), Master Agreement (Chequemate International Inc)

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Failure of Indemnifying Party to Act. In the event that the an indemnifying party does not elect to assume the defense of any claim, suit, action or proceeding, then any failure of the indemnified party to defend or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the indemnifying party of its obligations hereunder, provided, that the indemnified party gives the indemnifying party at least thirty (30) days written notice of its proposed failure to defend or participate and affords the indemnifying party the opportunity to assume the defense thereof.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Eclipsys Corp), Acquisition Agreement (Quadramed Corp), Acquisition Agreement (Quadramed Corp)

Failure of Indemnifying Party to Act. In the event that the indemnifying party Indemnifying Party does not elect to assume the defense of any claim, suit, action or proceedingproceeding within a reasonable time of being notified by the Indemnified Party, then any failure of the indemnified party Indemnified Party to defend or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the indemnifying party Indemnifying Party of its obligations hereunder, provided, that the indemnified party gives the indemnifying party at least thirty (30) days written notice of its proposed failure to defend or participate and affords the indemnifying party the opportunity to assume the defense thereof.

Appears in 3 contracts

Samples: Merger Agreement (Security Capital Atlantic Inc), Merger Agreement (Security Capital Pacific Trust), Merger Agreement (Security Capital Industrial Trust)

Failure of Indemnifying Party to Act. In the event that the an indemnifying party does not elect to assume the defense of any claim, suit, action action, or proceeding, then any failure of the indemnified party Indemnified Person to defend or to participate in the defense of any such claim, suit, action action, or proceeding or to cause the same to be done, shall not relieve the indemnifying party of its obligations hereunder, provided, that the indemnified party gives the indemnifying party at least thirty (30) days written notice of its proposed failure to defend or participate and affords the indemnifying party the opportunity to assume the defense thereof.

Appears in 3 contracts

Samples: Stock Acquisition Agreement (Sundog Technologies Inc), Stock Acquisition Agreement (Envision Development Corp /Fl/), Stock Acquisition Agreement (Sundog Technologies Inc)

Failure of Indemnifying Party to Act. In the event that the indemnifying party any Indemnifying Party does not elect to assume the defense of any claim, suit, action or proceeding, then any failure of the indemnified party such Indemnified Party to defend or to participate in the defense of any such claim, suit, action or proceeding proceeding, or to cause the same to be done, shall not relieve the indemnifying party any Indemnifying Party of its obligations hereunder, provided, that the indemnified party gives the indemnifying party at least thirty (30) days written notice of its proposed failure to defend or participate and affords the indemnifying party the opportunity to assume the defense thereof.

Appears in 3 contracts

Samples: Tax Indemnity Agreement (Falcon Building Products Inc), Casualty Insurance Indemnity Agreement (Falcon Building Products Inc), Pension Benefits Indemnity Agreement (Falcon Building Products Inc)

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Failure of Indemnifying Party to Act. In the event that the indemnifying party Indemnifying Party does not elect to assume the defense of any claim, suit, action or proceeding, then any failure of the indemnified party Indemnified Party to defend or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the indemnifying party Indemnifying Party of its obligations hereunder, provided, that the indemnified party gives the indemnifying party at least thirty (30) days written notice of its proposed failure to defend or participate and affords the indemnifying party the opportunity to assume the defense thereof.

Appears in 1 contract

Samples: Vend in Agreement (Wolverine Exploration Inc.)

Failure of Indemnifying Party to Act. In the event that the indemnifying party Indemnifying Party does not elect to assume the defense of any claim, suit, action or proceeding, then any failure of the indemnified party Indemnified Party to defend or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the indemnifying party Indemnifying Party of its obligations hereunder, provided, that the indemnified party gives the indemnifying party at least thirty (30) days written notice of its proposed failure to defend or participate and affords the indemnifying party the opportunity to assume the defense thereof.. Page - 58 D.5

Appears in 1 contract

Samples: Vend in Agreement

Failure of Indemnifying Party to Act. In the event that the indemnifying party does not elect to assume the defense of any third-party claim, suit, action or proceeding, then any failure of the indemnified party to defend or to participate in the defense of any such claim, suit, action or proceeding or to cause the same to be done, shall not relieve the indemnifying party of its obligations hereunder, provided, that the indemnified party gives the indemnifying party at least thirty (30) days written notice of its proposed failure to defend or participate and affords the indemnifying party the opportunity to assume the defense thereof.

Appears in 1 contract

Samples: Asset Purchase Agreement (Jb Oxford Holdings Inc)

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