Common use of Failure to Act by Indemnified Party Clause in Contracts

Failure to Act by Indemnified Party. Any failure by the Indemnified Party to defend a Third Party Suit shall not relieve the Indemnifying Party of its indemnification obligations if the Indemnified Party gives the Indemnifying Party at least 30 days prior written notice of the Indemnified Party's intention not to defend and affords the Indemnifying Party the opportunity to assume the defense.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Healthextras Inc), Stock Purchase Agreement (Primedex Health Systems Inc)

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Failure to Act by Indemnified Party. Any failure by the ----------------------------------- Indemnified Party to defend a Third Party Suit shall not relieve the Indemnifying Party of its indemnification obligations if the Indemnified Party gives the Indemnifying Party at least 30 thirty (30) days prior written notice of the Indemnified Party's intention not to defend and affords the Indemnifying Party the opportunity to assume the defense.

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Drca Medical Corp)

Failure to Act by Indemnified Party. Any failure by the Indemnified Party to defend a Third Third-Party Suit shall not relieve the Indemnifying Party of its indemnification obligations if the Indemnified Party gives the Indemnifying Party at least 30 thirty (30) days prior written notice of the Indemnified Party's ’s intention not to defend and affords the Indemnifying Party the opportunity to assume the defense.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cano Health, Inc.)

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Failure to Act by Indemnified Party. Any failure by the Indemnified Party to defend a Third Party Suit shall not relieve the Indemnifying Party of its indemnification obligations if the Indemnified Party gives the Indemnifying Party at least 30 thirty (30) days prior written notice of the Indemnified Party's intention not to defend and affords the Indemnifying Party the opportunity to assume the defense.

Appears in 1 contract

Samples: Asset Purchase Agreement (Avitar Inc /De/)

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