Common use of Indemnification Claim Procedures Clause in Contracts

Indemnification Claim Procedures. (a) If any third party notifies any Indemnified Party with respect to the commencement of any Action that may give rise to a claim for indemnification against any Indemnitor under this ARTICLE 9 (an "INDEMNIFICATION CLAIM"), then the Indemnified Party will promptly give notice to the Indemnitor. Failure to notify the Indemnitor will not relieve the Indemnitor of any Liability that it may have to the Indemnified Party, except to the extent the defense of such Action is materially and irrevocably prejudiced by the Indemnified Party's failure to give such notice.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Infogrames Inc), Stock Purchase Agreement (Interplay Entertainment Corp)

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Indemnification Claim Procedures. (a) If any third party notifies any Indemnified Party with respect to the commencement of any Action that may give rise to a claim for indemnification against any Indemnitor under this ARTICLE 9 (an "INDEMNIFICATION CLAIMIndemnification Claim"), then the Indemnified Party will promptly give notice to the Indemnitor. Failure to notify the Indemnitor will not relieve the Indemnitor lndemnitor of any Liability that it may have to the Indemnified Party, except to the extent the defense of such Action is materially and irrevocably prejudiced by the Indemnified Party's failure to give such notice.

Appears in 1 contract

Samples: Merger Agreement (Advanced Na, LLC)

Indemnification Claim Procedures. (a) If any third party notifies any Indemnified Party with respect to the commencement of any Action that may give rise to a claim for indemnification against any Indemnitor under this ARTICLE Article 9 (an --------- "INDEMNIFICATION CLAIMIndemnification Claim"), then the Indemnified Party will promptly give notice to the Indemnitor. Failure to notify the Indemnitor will not relieve the Indemnitor of any Liability liability that it may have to the Indemnified Party, except Party to the extent the defense of such Action is materially and irrevocably prejudiced by the Indemnified Party's failure to give such notice.

Appears in 1 contract

Samples: Stock Purchase Agreement (Eex Corp)

Indemnification Claim Procedures. (a) If any third party notifies any Indemnified Party with respect to the commencement of any Action that may give rise to a claim for indemnification against any Indemnitor under this ARTICLE 9 11 (an "INDEMNIFICATION CLAIM"), then the such Indemnified Party will shall promptly give notice to the Indemnitor. Failure The failure to notify the give such notice shall not affect whether an Indemnitor will not relieve the Indemnitor of any Liability that it may have to the Indemnified Partyis liable for reimbursement hereunder, except to the extent unless the defense of such Action is materially and irrevocably prejudiced by the Indemnified Party's failure to give such notice.

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Tarrant Apparel Group)

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Indemnification Claim Procedures. (a) If any third party notifies any Indemnified Party with respect to the commencement of any Action that may give rise to a claim for indemnification against any Indemnitor under this ARTICLE 9 X (an "INDEMNIFICATION CLAIM"“Indemnification Claim”), then the Indemnified Party will promptly give notice to the Indemnitor. Failure to notify the Indemnitor will not relieve the Indemnitor of any Liability that it may have to the Indemnified Party, except to the extent the defense of such Action is materially and irrevocably prejudiced by the Indemnified Party's ’s failure to give such notice.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pet DRx CORP)

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