Common use of Notice and Opportunity to Defend Clause in Contracts

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party indemnified hereto with respect to which such party (“Indemnified Party”) may make a claim against any other party hereto (“Indemnifying Party”) pursuant to the terms of this Agreement, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 16 contracts

Samples: Trust Fund/Serv Agreement (Jp Morgan Mutual Fund Investment Trust), Trust Fund/Serv Agreement (JPMorgan Trust IV), Trust Fund/Serv Agreement (JPMorgan Trust I)

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Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party Party indemnified hereto with respect to which such party Party (“Indemnified Party”) may make a claim against any other party Party hereto (“Indemnifying Party”) pursuant to the terms of this AgreementSection IV, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceedingproceeding , investigation, claim or demand; provided, however, that: (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 8 contracts

Samples: Fund/Serv Agreement (ALPS Series Trust), Fund/Serv Agreement (ALPS Series Trust), Fund/Serv Agreement (Financial Investors Trust)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party Party indemnified hereto with respect to which such party Party (“Indemnified Party”) may make a claim against any other party Party hereto (“Indemnifying Party”) pursuant to the terms of this AgreementSection IV, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 8 contracts

Samples: Networking Agreement (ALPS Series Trust), Networking Agreement (ALPS Series Trust), Networking Agreement (Financial Investors Trust)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party indemnified hereto hereunder (an “Indemnified Party”) with respect to which such party (“Indemnified Party”) Party may make a claim against any the other party hereto (“Indemnifying Party”) pursuant to the terms of this AgreementSection 13, then the Indemnified Party shall will give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall will have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (ai) the Indemnifying Party shall will keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (bii) the Indemnified Party shall will have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall will cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (ciii) the Indemnifying Party shall will not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall will not be unreasonably withheld.

Appears in 6 contracts

Samples: Daily Valuation Agency Agreement (Separate Account I of National Integrity Life Ins Co), Daily Valuation Agency Agreement (Separate Account I of Integrity Life Insurance Co), Daily Valuation Agency Agreement (Separate Account I of Integrity Life Insurance Co)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation legal proceeding is initiated, or any claim or demand is made, against any party indemnified hereto person with respect to which such party person (the "Indemnified Party") may make a claim against any other party hereto (the "Indemnifying Party") pursuant to the terms of this AgreementSection 13, then the Indemnified Party shall give prompt written notice of such action, suit, legal proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the The Indemnifying Party shall have the opportunityshall, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigationlegal proceedings, claim or demand; provided, however, that: (ai) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, legal proceeding, investigation, claim or demand; (bii) the Indemnified Party shall have the right to participate, at its own expense expense, in the defense of such action, suit, legal proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (ciii) the Indemnifying Party shall not settle such action, suit, legal proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 6 contracts

Samples: Stock Purchase Agreement (Incomnet Inc), Stock Purchase Agreement (Incomnet Inc), Stock Purchase Agreement (Incomnet Inc)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party indemnified hereto with respect to which such party ("Indemnified Party") may make a claim against any other party hereto ("Indemnifying Party") pursuant to the terms of this Agreement, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 5 contracts

Samples: Trust Fund/Serv Agreement (Jp Morgan Mutual Fund Investment Trust), Trust Fund/Serv Agreement (Jp Morgan Fleming Mutual Fund Group Inc), Trust Fund/Serv Agreement (JPMorgan Trust I)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party indemnified hereto hereunder (an “Indemnified Party”) with respect to which such party (“Indemnified Party”) Party may make a claim against any the other party hereto (“Indemnifying Party”) pursuant to the terms of this AgreementSection 12, then the Indemnified Party shall will give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall will have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (ai) the Indemnifying Party shall will keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (bii) the Indemnified Party shall will have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall will cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (ciii) the Indemnifying Party shall will not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall will not be unreasonably withheld.

Appears in 4 contracts

Samples: Defined Contribution Clearance & Settlement Agreement (Massachusetts Mutual Variable Life Separate Account I), Defined Contribution Clearance & Settlement Agreement (MEMBERS Horizon Variable Separate Account), Defined Contribution Clearance & Settlement Agreement (Priac Variable Contract Account A)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party indemnified hereto with respect to which such party ("Indemnified Party") may make a claim against any other party hereto ("Indemnifying Party") pursuant to the terms of this AgreementSection III, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 4 contracts

Samples: Trust Fund/Serv Agreement (One Group Mutual Funds), Trust Fund/Serv Agreement (One Group Mutual Funds), Trust Fund/Serv Agreement (One Group Mutual Funds)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party indemnified hereto hereunder (an “Indemnified Party”) with respect to which such party (“Indemnified Party”) Party may make a claim against any the other party hereto (“Indemnifying Party”) pursuant to the terms of this AgreementSection 19, then the Indemnified Party shall will give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall will have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (ai) the Indemnifying Party shall will keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (bii) the Indemnified Party shall will have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall will cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (ciii) the Indemnifying Party shall will not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall will not be unreasonably withheld.

Appears in 3 contracts

Samples: Participation Agreement (Mutual of America Separate Account No 2), Participation Agreement (Mutual of America Separate Account No 2), Participation Agreement (Mutual of America Separate Account No 3)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party indemnified hereto with respect to which such party (“{the "Indemnified Party") may make a claim against any other party hereto (the "Indemnifying Party") pursuant to the terms of this AgreementArticle Ill, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its the Indemnifying Party's own expense and with its the Indemnifying Party's own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim claim, or demand; (b) the Indemnified Party shall have the right to participate, at its the Indemnified Party's own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 2 contracts

Samples: Fund/Serv and Networking Agreement (Principal Life Insurance Co Separate Account B), Fund/Serv and Networking Agreement (Principal Life Insurance Co Separate Account B)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party Party indemnified hereto with respect to which such party Party ("Indemnified Party") may make a claim against any other party Party hereto ("Indemnifying Party") pursuant to the terms of this AgreementSection III, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceedingproceeding , investigation, claim or demand; provided, however, that: (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 2 contracts

Samples: Trust Fund/Serv Agreement (One Group Mutual Funds), Trust Networking Agreement (Touchstone Investment Trust)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party indemnified hereto hereunder (an “Indemnified Party”) with respect to which such party (“Indemnified Party”) Party may make a claim against any the other party hereto (“Indemnifying Party”) pursuant to the terms of this AgreementSection 18, then the Indemnified Party shall will give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall will have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (ai) the Indemnifying Party shall will keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (bii) the Indemnified Party shall will have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall will cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (ciii) the Indemnifying Party shall will not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall will not be unreasonably withheld.

Appears in 2 contracts

Samples: Electronic Trading Agreement (Separate Account I of Integrity Life Insurance Co), Electronic Trading Agreement (Separate Account I of National Integrity Life Ins Co)

Notice and Opportunity to Defend. If any action, suit, proceeding, or --------------------------------- investigation is initiated, or any claim or demand is made, against any party indemnified hereto with respect to which such party ("Indemnified Party") may make a claim against any other party hereto ("Indemnifying Party") pursuant to the terms of this AgreementSection III, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 2 contracts

Samples: Trust Fund/Serv Agreement (One Group Mutual Funds), Trust Fund/Serv Agreement (One Group Mutual Funds)

Notice and Opportunity to Defend. If any action, suit, proceeding, proceeding or investigation is initiated, or any claim or demand is made, against any party indemnified hereto hereunder with respect to which such party (the “Indemnified Party”) may make a claim against any other party hereto thereto (the “Indemnifying Party”) pursuant to the terms of this AgreementSection 8, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (ai) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (bii) the Indemnified Party shall have the right to participate, at its own expense expense, in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (ciii) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 2 contracts

Samples: Networking Agreement (Massachusetts Mutual Variable Life Separate Account I), Networking Agreement (Massachusetts Mutual Variable Life Separate Account I)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation legal proceeding is -------------------------------- initiated, or any claim or demand is made, against any party indemnified hereto person with respect to which such party person (the "Indemnified Party") may make a claim against any other party hereto (the "Indemnifying Party") pursuant to the terms of this AgreementSection 9, then the Indemnified Party shall give prompt written notice of such action, suit, legal proceeding, investigationclaim, claim or demand to the Indemnifying Party. Thereafter, the The Indemnifying Party shall have the opportunityshall, at its own expense and with its own counsel, to defend or settle such action, suit, legal proceeding, investigation, claim or demand; provided, however, that: (ai) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, legal proceeding, investigation, claim or demand; (bii) the Indemnified Party shall have the right to participate, at its own expense expense, in the defense of such action, suit, legal proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (ciii) the Indemnifying Party shall not settle such action, suit, legal proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Knickerbocker L L Co Inc), Agreement of Purchase and Sale (Knickerbocker L L Co Inc)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party Party indemnified hereto with respect to which such party Party ("Indemnified Party") may make a claim against any other party Party hereto ("Indemnifying Party") pursuant to the terms of this AgreementSection III, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 2 contracts

Samples: Trust Networking Agreement (Variable Annuity Acct C of Ing Life Insurance & Annuity Co), Trust Networking Agreement (Variable Annuity Acct C of Ing Life Insurance & Annuity Co)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party Party indemnified hereto with respect to which such party Party (“Indemnified Party”) may make a claim against any other party Party hereto (“Indemnifying Party”) pursuant to the terms of this AgreementSection IV, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceedingproceeding , investigation, claim or demand; provided, however, that: (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.. 2015-07-Cxxxxx 7

Appears in 1 contract

Samples: Fund/Serv Agreement (Clough Funds Trust)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party indemnified hereto hereunder (an “Indemnified Party”) with respect to which such party (“Indemnified Party”) Party may make a claim against any the other party hereto (“Indemnifying Party”) pursuant to the terms of this AgreementSection 12, then the Indemnified Party shall will give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall will have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (ai) the Indemnifying Party shall will, upon request from the Indemnified Party, keep the Indemnified Party reasonably informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (bii) the Indemnified Party shall will have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall will cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (cii) the Indemnifying Party shall will not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall will not be unreasonably withheld, conditioned or delayed.

Appears in 1 contract

Samples: Agreement (TIAA Separate Account VA-3)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against Promptly after the receipt by any party indemnified hereto of notice of any claims or the commencement of any action or proceeding by a third party (i.e. a party who is not a party to this Agreement), such party hereto will, if a claim with respect thereto is to which such party (“Indemnified Party”) may make a claim be made against any other party hereto (“an Indemnifying Party”) , pursuant to the terms of this AgreementSection 9.1 or 9.2 hereof, then the Indemnified give such Indemnifying Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Partycommencement of such action or proceeding. ThereafterIn the case of a claim asserted by a third party, the such Indemnifying Party shall have the opportunityright, at its option to compromise or defend, at its own expense and with by its own counsel, any such matter involving the asserted liability of the party seeking such indemnification. If any Indemnifying Party shall undertake to compromise or defend or settle any such actionasserted liability, suitit shall promptly notify the party seeking indemnification of its intention to do so, proceeding, investigation, claim or demand; provided, however, that: (a) and the party seeking indemnification agrees to cooperate with the Indemnifying Party shall keep and its counsel in the compromise of, or defense against, any such asserted liability. In this event, the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Party Indemnifying Parties shall have the right to participate, at its own expense participate in the defense of such action, suit, proceeding, investigation, claim asserted liability and to approve any compromise or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Partysettlement, which consent approval shall not be unreasonably withheld.

Appears in 1 contract

Samples: Asset Purchase Agreement (Waters Instruments Inc)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party indemnified hereto with respect to which such party (“Indemnified Party”) may make a claim against any other party hereto (“Indemnifying Party”) pursuant to the terms of this AgreementSection V, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Mutual Fund Selling and Services Agreement (GMO Series Trust)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party Party indemnified hereto with respect to which such party Party (“Indemnified Party”) may make a claim against any other party Party hereto (“Indemnifying Party”) pursuant to the terms of this AgreementSection III, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceedingproceeding , investigation, claim or demand; provided, however, that: (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Services Agreement (Tweedy, Browne Fund Inc.)

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Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation legal proceeding is initiated, or any claim or demand is made, against any party indemnified hereto person with respect to which such party person (the "Indemnified Party") may make a claim against any other party hereto (the "Indemnifying Party") pursuant to the terms of this AgreementSection 11, then the Indemnified Party shall give prompt written notice of such action, suit, legal proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the The Indemnifying Party shall have the opportunityshall, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigationlegal proceedings, claim or demand; provided, however, that: (ai) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, legal proceeding, investigation, claim or demand; (bii) the Indemnified Party shall have the right to participate, at its own expense expense, in the defense of such action, suit, legal proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (ciii) the Indemnifying Party shall not settle such action, suit, legal proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Stock Purchase Agreement (Zeros & Ones Inc)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party Party indemnified hereto with respect to which such party Party (“Indemnified Party”) may make a claim against any other party Party hereto (“Indemnifying Party”) pursuant to the terms of this AgreementSection IV, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.. 2015-07-Cxxxxx 5

Appears in 1 contract

Samples: Networking Agreement (Clough Funds Trust)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party indemnified hereto with respect to which such party ("Indemnified Party") may make a claim against any other party hereto ("Indemnifying Party") pursuant to the terms of this AgreementSection 13, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (a1) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b2) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c3) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Shareholder and Administration Services Agreement (Hilliard Lyons Government Fund Inc)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party Party indemnified hereto with respect to which such party Party (“Indemnified Party”) may make a claim against any other party Party hereto (“Indemnifying Party”) pursuant to the terms of this AgreementSection III, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Trust Networking Agreement (GMO Series Trust)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party indemnified hereto with respect to which such party (“Indemnified Party”) may make a claim against any other party hereto (“Indemnifying Party”) pursuant to the terms of this AgreementSection 12, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (a1) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b2) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c3) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Omnibus Account Agreement (Hilliard Lyons Government Fund Inc)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party indemnified hereto with respect to Indemnified Party for which such party (“Indemnified Party”) Party may make a claim against any other party hereto (the “Indemnifying Party”) pursuant to the terms of this Agreementunder Section 6.1, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim claim, or demand to the Indemnifying PartyParty and shall cooperate as reasonably requested by the Indemnifying Party in the defense and/or settlement thereof. Thereafter, the The Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim claim, or demand; provided, however, that: that (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (bi) the Indemnified Party shall have the right to participate, at its own expense in the defense of such the action, suit, proceeding, investigation, claim claim, or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereofdemand; and (cii) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim claim, or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld. The Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to the action, suit, proceeding, investigation, claim, or demand.

Appears in 1 contract

Samples: Sei Mutual Fund Clearing Network Customer Agreement (Bryn Mawr Bank Corp)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party indemnified hereto with respect to which such party (“Indemnified Party”) may make a claim against any other party hereto (“Indemnifying Party”) pursuant to the terms of this Agreement, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, Failure to give notice does not relieve the Indemnifying Party except to the extent such delay causes loss to the Indemnifying Party. The Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld. The Indemnified Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnifying Party, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Trust Fund/Serv and Networking Agreement (GMO Series Trust)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party indemnified hereto with respect to which such party ("Indemnified Party") may make a claim against any other party hereto ("Indemnifying Party") pursuant to the terms of this Agreement, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Indemnifie d Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Trust Fund/Serv Agreement (Jpmorgan Value Opportunities Fund Inc)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party Party indemnified hereto heretby with respect to which such party Party ("Indemnified Party") may make a claim against any other party Party hereto ("Indemnifying Party") pursuant to the terms of this AgreementSection III, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Networking Agreement (One Group Mutual Funds)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party indemnified hereto with respect to which such party ("Indemnified Party") may make a claim against any other party hereto ("Indemnifying Party") pursuant to the terms of this AgreementSection III, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, . claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, . claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Trust Fund/Serv Agreement (One Group Mutual Funds)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, made against any party Party indemnified hereto hereunder with respect to which such party Party (“Indemnified Party”) may make a claim against any other party Party hereto (“Indemnifying Party”) pursuant to the terms of this AgreementSection III, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim claim, or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim claim, or demand; provided, however, that: that (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim claim, or demand; (b) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim claim, or demand demand, and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim claim, or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Networking Undertaking and Indemnity Agreement (Old Westbury Funds Inc)

Notice and Opportunity to Defend. If any action, suit, proceeding, or investigation is initiated, or any claim or demand is made, against any party Party indemnified hereto with respect to which such party Party ("Indemnified Party") may make a claim against any other party Party hereto ("Indemnifying Party") pursuant to the terms of this AgreementSection III, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the Indemnifying Party. Thereafter, the Indemnifying Party shall have the opportunity, at its own expense and with its own counsel, to defend or settle such action, suit, proceeding, investigation, claim or demand; provided, however, that: (a) the Indemnifying Party shall keep the Indemnified Party informed of all material developments and events relating to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without the prior written consent of the Indemnified Party, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Trust Fund/Serv Agreement (GMO Series Trust)

Notice and Opportunity to Defend. If Promptly after the receipt by the Buyer of notice of any action, suit, proceeding, or investigation is initiated, or any claim or demand potential claim (any of which is madehereinafter individually referred to as a “Circumstance”) which could give rise to a right to indemnification under this Agreement, against any party indemnified hereto with respect to which such party Buyer (the “Indemnified Party”) may make a claim against any other party hereto (“Indemnifying Party”) pursuant to the terms of this Agreement, then the Indemnified Party shall give prompt written notice of such action, suit, proceeding, investigation, claim or demand to the party or parties who may become obligated to provide indemnification hereunder (the “Indemnifying Party”). ThereafterSuch notice shall specify in reasonable detail the basis and amount, if ascertainable, of any claim that would be based upon the Circumstance. The Indemnifying Party shall have the opportunityright, at its option, to compromise or defend the claim, at its own expense and with by its own counsel, to defend or settle and otherwise control any such action, suit, proceeding, investigation, claim or demand; provided, however, that: (a) matter involving the Indemnifying Party shall keep asserted liability of the Indemnified Party informed of all material developments and events relating Party, provided that any such compromise or control shall be subject to such action, suit, proceeding, investigation, claim or demand; (b) the Indemnified Party shall have the right to participate, at its own expense in the defense of such action, suit, proceeding, investigation, claim or demand and shall cooperate as reasonably requested by the Indemnifying Party in the defense thereof; and (c) the Indemnifying Party shall not settle such action, suit, proceeding, investigation, claim or demand without obtaining the prior written consent of the Indemnified Party. If any Indemnifying Party undertakes to compromise or defend any asserted liability, which consent it shall not promptly notify the Indemnified Party of its intention to do so, and the Indemnified Party agrees to cooperate fully with the Indemnifying Party and its counsel in the compromise of or defense against any such asserted liability. All costs and expenses incurred in connection with such cooperation shall be unreasonably withheldborne by the Indemnifying Party. In any event, the Indemnified Party shall have the right at its own expense to participate in the defense of an asserted liability.

Appears in 1 contract

Samples: Stock Purchase Agreement (Joway Health Industries Group Inc)

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