Common use of Method of Asserting Claims, Etc Clause in Contracts

Method of Asserting Claims, Etc. In the event that any claim or demand is asserted against or sought to be collected from an Indemnified WorldPort Party or Indemnified WWC Party (an "Indemnified Party") by a third party, the Indemnified Party shall promptly notify the party from which indemnification is sought pursuant to paragraphs 10(a) and 10(b) above (the "Indemnifying Party") of such claim or demand, specifying the nature of such claim or demand and the amount or the estimated amount thereof to the extent then feasible (which estimate shall not be conclusive of the final amount of such claim and demand) (the "Claim Notice"). The Indemnifying Party shall have twenty (20) days from its receipt of the Claim Notice (the "Notice Period") to notify the Indemnified Party, (i) whether or not the Indemnifying Party disputes its liability to the Indemnified Party hereunder with respect to such claim or demand and (ii) notwithstanding any such dispute, whether or not the Indemnifying Party desires, at its sole cost and expense, to defend the Indemnified Party against such claim or demand.

Method of Asserting Claims, Etc. In the event that any claim or demand is asserted against or sought to be collected from an Indemnified WorldPort Party or Indemnified WWC Party any party hereto (an "“Indemnified Party"”) by a third party, the Indemnified Party shall promptly notify the party from which indemnification is sought pursuant to paragraphs 10(aSections 8(a) and 10(bor 8(b) above (the "“Indemnifying Party"”) of such claim or demand, specifying the nature of such claim or demand and the amount or the estimated amount thereof to the extent then feasible (which estimate shall not be conclusive of the final amount of such claim and demand) (the "“Claim Notice"”). The Indemnifying Party shall have twenty (20) days from its receipt of the Claim Notice (the "“Notice Period"”) to notify the Indemnified Party, (i) whether or not the Indemnifying Party disputes its liability to the Indemnified Party hereunder with respect to such claim or demand and (ii) notwithstanding any such dispute, whether or not the Indemnifying Party desires, at its sole cost and expense, to defend the Indemnified Party against such claim or demand.

Method of Asserting Claims, Etc. All claims for indemnification by any Indemnified Party under this Article IV will be asserted and resolved as follows: (a) In the event that any claim or demand for which an Indemnifying Party would be liable to an Indemnified Party hereunder is asserted against or sought to be collected from an such Indemnified WorldPort Party or Indemnified WWC Party (an "Indemnified Party") by a third party, the said Indemnified Party shall promptly will with reasonable promptness notify the party from which indemnification is sought pursuant to paragraphs 10(a) and 10(b) above (the "Indemnifying Party") Party of such claim or demand, specifying the nature of and specific basis for such claim or demand and the amount or the estimated amount thereof to the extent then feasible (which estimate shall will not be conclusive of the final amount of such claim and demand) demand (the "Claim Notice")). The Indemnifying Party shall have twenty (20) days from its receipt of the Claim Notice (the "Notice Period") will not be obligated to notify the Indemnified Party, (i) whether or not the Indemnifying Party disputes its liability to indemnify the Indemnified Party hereunder with respect to any such claim or demand and (ii) notwithstanding any such dispute, whether or not if the failure of the Indemnified Party to promptly notify the Indemnifying Party desires, at its sole cost and expense, of such a claim or demand materially prejudices the Indemnifying Party's ability to defend against the Indemnified Party against such claim or demand.. The Indemnifying Party

Method of Asserting Claims, Etc. In the event that any claim or demand is asserted against or sought to be collected from an Indemnified WorldPort Purchaser Party or Indemnified WWC Seller Party (an "Indemnified Party") by a third party, the Indemnified Party shall promptly notify the party from which indemnification is sought pursuant to paragraphs 10(a8(a) and 10(bor 8(b) above (the "Indemnifying Party") of such claim or demand, specifying the nature of such claim or demand and the amount or the estimated amount thereof to the extent then feasible (which estimate shall not be conclusive of the final amount of such claim and demand) (the "Claim Notice"). The Indemnifying Party shall have twenty (20) days from its the Indemnifying Party's receipt of the Claim Notice (the "Notice Period") to notify the Indemnified Party, Party (i) whether or not the Indemnifying Party disputes its liability to the Indemnified Party hereunder with respect to such claim or demand demand, and (ii) notwithstanding any such dispute, whether or not the Indemnifying Party desires, at its sole cost and expense, to defend the Indemnified Party against such claim or demand.

Method of Asserting Claims, Etc. In the event that any claim or demand is asserted against or sought to be collected from an Indemnified WorldPort Party or Indemnified WWC Party any party hereto (an "Indemnified Party") by a third party, the Indemnified Party shall promptly notify the party from which indemnification is sought pursuant to paragraphs 10(aSections 8(a) and 10(bor 8(b) above (the "Indemnifying Party") of such claim or demand, specifying the nature of such claim or demand and the amount or the estimated amount thereof to the extent then feasible (which estimate shall not be conclusive of the final amount of such claim and demand) (the "Claim Notice"). The Indemnifying Party shall have twenty (20) days from its receipt of the Claim Notice (the "Notice Period") to notify the Indemnified Party, (i) whether or not the Indemnifying Party disputes its liability to the Indemnified Party hereunder with respect to such claim or demand and (ii) notwithstanding any such dispute, whether or not the Indemnifying Party desires, at its sole cost and expense, to defend the Indemnified Party against such claim or demand.

Method of Asserting Claims, Etc. All claims for indemnification by the Seller Parties, on the one hand, or the Buyer and the Company Group, on the other hand (as the case may be, the "Indemnified Parties"), hereunder shall be asserted and resolved as set forth in this Section 9.5, except for claims pursuant to Article V hereof (as to which the provisions of Article V shall be applicable). In the event that any written claim or demand for which Buyer or Seller Parties, as the case may be (the "Indemnifying Party") would be liable to any Indemnified Party hereunder is asserted against or sought to be collected from an any Indemnified WorldPort Party or Indemnified WWC Party (an "Indemnified Party") by a third party, the such Indemnified Party shall promptly notify the party from which indemnification is sought pursuant to paragraphs 10(apromptly, but in no event more than fifteen (15) and 10(b) above (the "Indemnifying days following such Indemnified Party") 's receipt of such claim or demand, specifying notify the nature Indemnifying Party of such claim or demand and the amount or the estimated amount thereof to the extent then feasible (which estimate shall not be conclusive of the final amount of such claim and demand) (the "Claim Notice"). The Indemnifying Party shall have twenty (20) days from its receipt of the Claim Notice (the "Notice Period") to notify the Indemnified Party, (i) whether or not the Indemnifying Party disputes its liability to the Indemnified Party hereunder with respect to such claim or demand and (ii) notwithstanding in any such dispute, whether or not the Indemnifying Party desires, at its sole cost and expense, to defend the Indemnified Party against such claim or demand.manner prejudice