Common use of Indemnity Procedure Clause in Contracts

Indemnity Procedure. If any claim is brought against a Party or any of its Affiliates entitled to the benefit of an indemnity set out in this Agreement (the “Indemnitee”) by any Third Party which is likely to result in a claim by the Indemnitee against the Party who has given an indemnity under this Agreement (the “Indemnifier”), the Indemnitee shall:

Appears in 7 contracts

Samples: Agreement (Alvotech Lux Holdings S.A.S.), Agreement (Alvotech Lux Holdings S.A.S.), Agreement (Alvotech Lux Holdings S.A.S.)

AutoNDA by SimpleDocs

Indemnity Procedure. If any claim is brought against a Party or any of its Affiliates entitled (a) Any party seeking indemnity pursuant to the benefit of an indemnity set out in this Agreement ("Indemnitee") shall notify the “Indemnitee”party from whom indemnification is sought ("Indemnitor") by in writing of the existence of any Third Party which is likely to result in a claim by loss, cost, expense, liability or damage asserted, or any action commenced, against the Indemnitee ("Adverse Claim") in respect of which indemnity properly may be sought against the Party who has given an indemnity under Indemnitor pursuant to this Agreement (the “Indemnifier”), the Indemnitee shall:Agreement.

Appears in 1 contract

Samples: Stock Issuance and Expense Sharing Agreement (Banner Aerospace Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.