Notice and Opportunity to Defend. Promptly after receipt by any person entitled to indemnity under this Agreement (an “Indemnitee”) of notice of any demand, claim or circumstances which, with the lapse of time, would or might give rise to a claim or the commencement (or threatened commencement) of any action, proceeding or investigation (an “Asserted Liability”) that may result in a Loss, the Indemnitee shall give notice thereof (the “Claims Notice”) to any other party (or parties) who is or may be obligated to provide indemnification pursuant to Section 7.1(a) (the “Indemnifying Party”). The Claims Notice shall describe the Asserted Liability in reasonable detail and shall indicate the amount (estimated, if necessary and to the extent feasible) of the Loss that has been or may be suffered by the Indemnitee.
Appears in 8 contracts
Samples: Stock Redemption Agreement (Afh Holding Ii, Inc.), Securities Purchase Agreement (Driftwood Ventures, Inc.), Stock Purchase Agreement (Afh Holding Ii, Inc.)
Notice and Opportunity to Defend. Promptly after receipt by any person entitled to indemnity under this Agreement (an “Indemnitee”) of notice of any demand, claim or circumstances which, with the lapse of time, would or might give rise to a claim or the commencement (or threatened commencement) of any action, proceeding or investigation (an “Asserted Liability”) that may result in a Loss, the Indemnitee shall give notice thereof (the “Claims Notice”) to any other party (or parties) who is or may be obligated to provide indemnification pursuant to Section 7.1(a6.1(a) (the “Indemnifying Party”). The Claims Notice shall describe the Asserted Liability in reasonable detail and shall indicate the amount (estimated, if necessary and to the extent feasible) of the Loss that has been or may be suffered by the Indemnitee.
Appears in 3 contracts
Samples: Share Exchange Agreement (GoLogiq, Inc.), Securities Purchase Agreement (Cannabis Suisse Corp.), Securities Purchase Agreement (Loton, Corp)
Notice and Opportunity to Defend. (a) Promptly after receipt by any person Person entitled to indemnity under this Agreement (an “"Indemnitee”") of notice of any demand, claim or circumstances which, with the lapse of time, would or might give rise to a claim or the commencement (or threatened commencement) of any action, proceeding or investigation (an “"Asserted Liability”") that may result in a Loss, the Indemnitee shall give notice thereof (the “"Claims Notice”") to any other party (or parties) who is or may be obligated to provide indemnification pursuant to Section 7.1(a8.1(a) (the “"Indemnifying Party”"). The Claims Notice shall describe the Asserted Liability in reasonable detail and shall indicate the amount (estimated, if necessary and to the extent feasible) of the Loss that has been or may be suffered by the Indemnitee.
Appears in 2 contracts
Samples: Common Stock Purchase Agreement (Trinad Capital Master Fund Ltd.), Common Stock Purchase Agreement (MPLC, Inc.)
Notice and Opportunity to Defend. (a) Promptly after receipt by any person entitled to indemnity under this Agreement (an “Indemnitee”) of notice of any demand, claim or circumstances which, with the lapse of time, would or might give rise to a claim or the commencement (or threatened commencement) of any action, proceeding or investigation (an “Asserted Liability”) that may result in a Loss, the Indemnitee shall give notice thereof (the “Claims Notice”) to any other party (or parties) who is or may be obligated to provide indemnification pursuant to Section 7.1(a) 8.1 (the “Indemnifying Party”). The Claims Notice shall describe the Asserted Liability in reasonable detail and shall indicate the amount (estimated, if necessary and to the extent feasible) of the Loss that has been or may be suffered by the Indemnitee.
Appears in 1 contract
Samples: Securities Purchase Agreement (AgriSolar Solutions, Inc.)