Failure to Deliver Notice. The delay or failure to provide such Claim Notice to the Indemnifying Person will not affect the rights or remedies of any Indemnified Person to receive indemnification for Losses or alter or relieve the Indemnifying Person of its obligations to indemnify for Losses, unless (i) such Claim Notice is delivered after the expiration of the applicable survival period (in which case the Indemnifying Person has no obligation to indemnify), or (ii) as a result of a material delay, the Indemnifying Person is materially prejudiced.
Appears in 4 contracts
Samples: Membership Interest Purchase Agreement (Universal Security Instruments Inc), Agreement and Plan of Merger and Reorganization (Universal Security Instruments Inc), Securities Purchase Agreement (Flora Growth Corp.)
Failure to Deliver Notice. The delay or failure to provide such Claim Notice to the Indemnifying Person (or the Stockholder Representative on behalf of the Converting Holders) will not affect the rights or remedies of any Indemnified Person to receive indemnification for Losses or alter or relieve the Indemnifying Person of its obligations to indemnify for Losses, unless (i) such Claim Notice is delivered after the expiration of the applicable survival period (in which case the Indemnifying Person has no obligation to indemnify), or (ii) as a result of a material delay, the Indemnifying Person is materially prejudiced.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Universal Security Instruments Inc)
