Common use of Indemnification Claims by the Parties Clause in Contracts

Indemnification Claims by the Parties. (a) In order to seek indemnification under this Article XIV, an Indemnified Person shall give written notification (a “Claim Notice”) to the Indemnifying Person which contains (i) a description and the amount (the “Claimed Amount”), including the basis therefor, of any Damages incurred by the Indemnified Person, (ii) a statement that the Indemnified Person is entitled to indemnification under this Article XIV for such Damages and a reasonable explanation of the basis therefor, and (iii) a demand for payment in the amount of such Damages, subject to the limitations contained in this Article XIV.

Indemnification Claims by the Parties. (a) In order to seek indemnification under this Article XIVVII, an Indemnified Person shall give written notification (a “"Claim Notice”") to the Indemnifying Person which contains (i) a description and the amount amount, if known (the “"Claimed Amount”"), including the basis therefor, of any Damages incurred by the Indemnified Person, (ii) a statement that the Indemnified Person is entitled to indemnification under this Article XIV VII for such Damages and a reasonable explanation of the basis therefor, and (iii) a demand for payment in the amount of such Damages, if known, subject to the limitations contained in this Article XIVVII.