Inter-Party Claims. Any Party seeking indemnification pursuant to this Section 12 (the “Indemnified Party”) shall notify the other Party or Parties from whom such indemnification is sought (the “Indemnifying Party”) of the Indemnified Party’s assertion of such claim for indemnification, specifying the basis of such claim. The Indemnified Party shall thereupon give the Indemnifying Party reasonable access to the documents that evidence or support such claim or the act, omission or occurrence giving rise to such claim.
Appears in 5 contracts
Samples: Strategic Alliance Agreement (PHL Variable Insurance Co /Ct/), Strategic Alliance Agreement (PHL Variable Insurance Co /Ct/), Strategic Alliance Agreement (PHL Variable Insurance Co /Ct/)
Inter-Party Claims. Any Party seeking indemnification pursuant to this Section 12 Article 11 (the “Indemnified Party”) shall notify the other Party or Parties from whom such indemnification is sought (the “Indemnifying Party”) of the Indemnified Party’s assertion of such claim for indemnification, specifying in reasonable detail the basis of such claim. The Indemnified Party shall thereupon give the Indemnifying Party reasonable access to the claim and including documents that evidence or support such claim or the act, omission or occurrence giving rise to such claim.
Appears in 2 contracts
Samples: Asset Purchase Agreement, Asset Purchase Agreement (Tower Group, Inc.)
Inter-Party Claims. Any Party seeking indemnification pursuant to this Section 12 Article 11 (the “"Indemnified Party”") shall notify the other Party or Parties from whom such indemnification is sought (the “"Indemnifying Party”") of the Indemnified Party’s 's assertion of such claim for indemnification, specifying in reasonable detail the basis of such claim. The Indemnified Party shall thereupon give the Indemnifying Party reasonable access to the claim and including documents that evidence or support such claim or the act, omission or occurrence giving rise to such claim.
Appears in 1 contract
Samples: Asset Purchase Agreement (CastlePoint Holdings, Ltd.)
Inter-Party Claims. Any Party seeking indemnification pursuant to this Section 12 14 (the “"Indemnified Party”") shall notify the other Party or Parties from whom such indemnification is sought (the “"Indemnifying Party”") of the Indemnified Party’s 's assertion of such claim for indemnification, specifying the basis of such claim. The Indemnified Party shall thereupon give the Indemnifying Party reasonable access to the documents that evidence or support such claim or the act, omission or occurrence giving rise to such claim.
Appears in 1 contract
Samples: Strategic Alliance Agreement (PHL Variable Insurance Co /Ct/)
Inter-Party Claims. Any Party party seeking indemnification pursuant to this Section 12 (the “"Indemnified Party”") shall promptly notify the other Party party or Parties parties from whom such indemnification is sought (the “"Indemnifying Party”") of the Indemnified Party’s 's assertion of such claim for indemnification, specifying the basis of such claim. The Indemnified Party shall thereupon give the Indemnifying Party reasonable access to the documents all necessary back-up documentation that evidence or support supports such claim or the act, omission or occurrence giving rise to such the claim.
Appears in 1 contract
Samples: Stock Purchase Agreement (Fortune Diversified Industries Inc)
Inter-Party Claims. Any Party seeking indemnification pursuant to this Section 12 (the “Indemnified Party”) shall notify the other Party or Parties from whom such indemnification is sought (the “"Indemnifying Party”") of the Indemnified Party’s 's assertion of such claim for indemnification, specifying the basis of such claim. The Indemnified Party shall thereupon give the Indemnifying Party reasonable access to the documents that evidence or support such claim or the act, omission or occurrence giving rise to such claim.
Appears in 1 contract
Samples: Strategic Alliance Agreement (PHL Variable Insurance Co /Ct/)
