Common use of Notice of Asserted Liability; Opportunity to Defend Clause in Contracts

Notice of Asserted Liability; Opportunity to Defend. All claims for indemnification under Sections 11.1 and 11.2 shall be asserted and resolved pursuant to this Section 11.4. Any person claiming indemnification hereunder is hereinafter referred to as the "Indemnified Party" and any person against whom such claims are asserted hereunder is hereinafter referred to as the "Indemnifying Party". In the event that any Losses are asserted against or sought to be collected from an Indemnified Party by a third party, said Indemnified Party shall with reasonable promptness provide to the Indemnifying Party a Claim Notice. The Indemnifying Party shall not be obligated to indemnify the Indemnified Party with respect to any such Losses if the Indemnified Party fails to notify the Indemnifying Party thereof in accordance with the provisions of this Agreement in reasonably sufficient time so that the Indemnifying Party's ability to defend against the Losses is not prejudiced. The Indemnifying Party shall have thirty (30) days from the personal delivery or receipt of the Claim Notice (the "Notice Period") to notify the Indemnified Party (i) whether or not it disputes the liability of the Indemnifying Party to the Indemnified Party hereunder with respect to such Losses and/or (ii) whether or not it desires, at the sole cost and expense of the Indemnifying Party, to defend the Indemnified Party against such Losses; provided, however, that any Indemnified Party is hereby authorized prior to and during the Notice Period to file any motion, answer or other pleading that it shall deem necessary or appropriate to protect its interests or those of the Indemnifying Party (and of which it shall have given notice and opportunity to comment to the Indemnifying Party) and not prejudicial to the Indemnifying Party. In the event that the Indemnifying Party notifies the Indemnified Party within the Notice Period that it desires to defend the Indemnified Party against such Losses, the Indemnifying Party shall have the right to defend all appropriate proceedings, and with counsel of its own choosing, which proceedings shall be promptly settled or prosecuted by them to a final conclusion. If the Indemnified Party desires to participate in, but not control, any such defense or settlement it may do so at its sole cost and expense. If requested by the Indemnifying Party, the Indemnified Party agrees to cooperate with the Indemnifying Party and its counsel in contesting any Losses that the Indemnifying Party elects to contest or, if appropriate and related to the claim in question, in making any counterclaim against the person asserting the third party Losses, or any cross-complaint against any person. No claim may be settled or otherwise compromised without the prior written consent of the Indemnifying Party.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Kinder Morgan Inc)

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Notice of Asserted Liability; Opportunity to Defend. All claims for indemnification under Sections 11.1 and 11.2 shall be asserted and resolved pursuant to this Section 11.4. Any person claiming indemnification hereunder is hereinafter referred to as the "Indemnified Party" and any person against whom such claims are asserted hereunder is hereinafter referred to as the "Indemnifying Party". In the event that any Losses are asserted against or sought to be collected from an Indemnified Party by a third party, said Indemnified Party shall with reasonable promptness provide to the Indemnifying Party a Claim Notice. The Indemnifying Party shall not be obligated to indemnify the Indemnified Party with respect to any such Losses if the Indemnified Party fails to notify the Indemnifying Party thereof in accordance with the provisions of this Agreement in reasonably sufficient time so that the Indemnifying Party's ability to defend against the Losses is not prejudiced. The Indemnifying Party shall have thirty (30) 30 days from the personal delivery or receipt of the Claim Notice (the "Notice Period") to notify the Indemnified Party (i) whether or not it disputes the liability of the Indemnifying Party to the Indemnified Party hereunder with respect to such Losses and/or (ii) whether or not it desires, at the sole cost and expense of the Indemnifying Party, to defend the Indemnified Party against such Losses; provided, however, that any Indemnified Party is hereby authorized prior to and during the Notice Period to file any motion, answer or other pleading that it shall deem necessary or appropriate to protect its interests or those of the Indemnifying Party (and of which it shall have given notice and opportunity to comment to the Indemnifying Party) and not prejudicial to the Indemnifying Party. In the event that the Indemnifying Party notifies the Indemnified Party within the Notice Period that it desires to defend the Indemnified Party against such Losses, the Indemnifying Indemni fying Party shall have the right to defend all appropriate proceedings, and with counsel of its own choosing, which proceedings shall be promptly settled or prosecuted by them to a final conclusion. If the Indemnified Party desires to participate in, but not control, any such defense or settlement it may do so at its sole cost and expense. If requested by the Indemnifying Party, the Indemnified Party agrees to cooperate with the Indemnifying Party and its counsel in contesting any Losses that the Indemnifying Party elects to contest or, if appropriate and related to the claim in question, in making any counterclaim against the person asserting the third party Losses, or any cross-complaint against any person. No claim may be settled or otherwise compromised without the prior written consent of the Indemnifying Party.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Kc Liquids Holding Corp)

Notice of Asserted Liability; Opportunity to Defend. All claims for indemnification under Sections 11.1 12.2 and 11.2 12.3 shall be asserted and resolved pursuant to this Section 11.412.4. Any person Person claiming indemnification hereunder is hereinafter referred to as the "Indemnified Party" and any person Person against whom such claims are asserted hereunder is hereinafter referred to as the "Indemnifying Party". .” In the event that any Losses are asserted against or sought to be collected from an Indemnified Party by a third party, said Indemnified Party shall with reasonable promptness provide to the Indemnifying Party a Claim Notice. The Indemnifying Party shall not be obligated to indemnify the Indemnified Party with respect to any such Losses if the Indemnified Party fails to notify the Indemnifying Party thereof in accordance with the provisions of this Agreement in reasonably sufficient time so that the Indemnifying Party's ’s ability to defend against the Losses is not prejudiced. The Indemnifying Party shall have thirty (30) days from the personal delivery or receipt of the Claim Notice Indemnified Party’s notice of any such third party claim (the "Notice Period") to notify the Indemnified Party (i) whether or not it disputes the liability of the Indemnifying Party to the Indemnified Party hereunder with respect to such Losses and/or (ii) whether or not it desires, at the sole cost and expense of the Indemnifying Party, to defend the Indemnified Party against such Losses; provided, however, that any Indemnified Party is hereby authorized prior to and during the Notice Period to file any motion, answer or other pleading that it shall deem necessary or appropriate to protect its interests or those of the Indemnifying Party (and of which it shall have given notice and opportunity to comment to the Indemnifying Party) and not prejudicial to the Indemnifying Party. In the event that the Indemnifying Party notifies the Indemnified Party within the Notice Period that it desires to defend the Indemnified Party against such Losses, the Indemnifying Party shall have the right to defend all appropriate proceedings, and with counsel of its own choosing, which proceedings shall be promptly settled or prosecuted by them to a final conclusion. If the Indemnified Party desires to participate in, but not control, any such defense or settlement it may do so at its sole cost and expense. If requested by the Indemnifying Party, the Indemnified Party agrees to cooperate with the Indemnifying Party and its counsel in contesting any Losses that the Indemnifying Party elects to contest or, if appropriate and related to the claim in question, in making any counterclaim against the person Person asserting the third party Losses, or any cross-complaint against any personPerson. No claim may be settled or otherwise compromised without the prior written consent of the Indemnifying Party.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Blue Dolphin Energy Co)

Notice of Asserted Liability; Opportunity to Defend. (a) All claims for indemnification under Sections 11.1 and 11.2 hereunder shall be asserted and resolved pursuant subject to the provisions of this Section 11.410.4. Any person claiming indemnification hereunder is hereinafter referred to herein as the "Indemnified Party" ” or “Indemnitee” and any person against whom such claims are asserted hereunder is hereinafter referred to herein as the "Indemnifying Party". In the event that ” or “Indemnitor.” (b) If any Losses are Claim is asserted against or any Loss is sought to be collected from an Indemnified Party by a third partyParty, said the Indemnified Party shall with reasonable promptness provide to the Indemnifying Party a Claim Notice. The failure to give any such Claim Notice shall not otherwise affect the rights of the Indemnified Party to indemnification hereunder unless the Indemnified Party has proceeded to contest, defend or settle such Claim or remedy such a Loss with respect to which it has failed to give a Claim Notice to the Indemnifying Party, 38 but only to the extent the Indemnifying Party is prejudiced thereby. Additionally, to the extent the Indemnifying Party is prejudiced thereby, the failure to provide a Claim Notice to the Indemnifying Party shall not be obligated to indemnify the Indemnified Party with respect to any such Losses if the Indemnified Party fails to notify relieve the Indemnifying Party thereof in accordance with from liability for such Claims and Losses that it may have to the provisions of this Agreement in reasonably sufficient time so that Indemnified Party, but only to the Indemnifying Party's ability to defend against extent the liability for such Claims or Losses is not prejudiceddirectly attributable to such failure to provide the Claim Notice. (c) The Indemnifying Party shall have thirty (30) days from the personal delivery or receipt of the Claim Notice (the "Notice Period") to notify the Indemnified Party (i) whether or not it disputes the liability of the Indemnifying Party to the Indemnified Party hereunder with respect to the Claim or Loss, and in the event of a dispute, such Losses and/or dispute shall be resolved in the manner set forth in Section 11.8 hereof, (ii) in the case where Losses are asserted against or sought to be collected from an Indemnifying Party by the Indemnified Party, whether or not it desires, the Indemnifying Party shall at the its own sole cost and expense of remedy such Losses or (iii) in the case where Claims are asserted against or sought to be collected from an Indemnified Party, whether or not the Indemnifying Party, to Party shall at its own sole cost and expense defend the Indemnified Party against such LossesClaim; provided, provided however, that any Indemnified Party is hereby authorized prior to and during the Notice Period to file any motion, answer or other pleading that it shall deem necessary or appropriate to protect its interests or those of the Indemnifying Party (and of which it shall have given notice and opportunity to comment to the Indemnifying Party) and not prejudicial to the Indemnifying Party. In (d) If the event that Indemnifying Party does not give notice to the Indemnified Party of its election to contest and defend any such Claim described in Section 10.4(c)(iii) within the Notice Period, then the Indemnifying Party shall be bound by the result obtained with respect thereto by the Indemnified Party and shall be responsible for all costs incurred in connection therewith. (e) If the Indemnifying Party is obligated to defend and indemnify the Indemnified Party, and the Parties have a conflict of interest with respect to any such Claim, then the Indemnified Party may, in its sole discretion, separately and independently contest and defend such Claim, and the Indemnifying Party shall be bound by the result obtained with respect thereto by the Indemnified Party and shall be responsible for all costs incurred in connection therewith. (f) If the Indemnifying Party notifies the Indemnified Party within the Notice Period that it desires to shall defend the Indemnified Party against such Lossesa Claim, the Indemnifying Party shall have the right to defend all appropriate proceedingsProceedings, and with counsel of its own choosing, which proceedings choosing (but reasonably satisfactory to the Indemnified Party) and such Proceedings shall be promptly settled (subject to obtaining a full and complete release of all Indemnified Parties) or prosecuted by them it to a final conclusion. If the Indemnified Party desires to participate in, but not control, any such defense or settlement it may do so at its sole cost and expense. If the Indemnified Party joins in any such Claim, the Indemnifying Party shall have full authority to determine all action to be taken with respect thereto, as long as such action could not create a liability to any of the Indemnified Parties, in which case, such action would require the prior written consent of any Indemnified Party so affected. 39 (g) If requested by the Indemnifying Party, the Indemnified Party agrees to cooperate with the Indemnifying Party and its counsel in contesting any Losses that the Indemnifying Party elects to contest or, if appropriate Claim and related to the claim in question, in making any counterclaim against the person Third Person asserting the third party LossesClaim, or any cross-complaint against any personperson as long as such cooperation, counterclaim or cross-complaint could not create a liability to any of the Indemnified Parties. No claim (h) At any time after the commencement of defense by Indemnifying Party under Section 10.4(f) above of any Claim, the Indemnifying Party may request the Indemnified Party to agree in writing to the abandonment of such contest or to the payment or compromise by the Indemnifying Party of the asserted Claim, but only if the Indemnifying Party agrees in writing to be settled or otherwise compromised without solely liable for such Claim; whereupon such action shall be taken unless the prior written consent Indemnified Party determines that the contest should be continued and notifies the Indemnifying Party in writing within fifteen (15) days of such request from the Indemnifying Party.. If the Indemnified Party determines that the contest should be continued, the amount for which the Indemnifying Party would otherwise be liable hereunder shall not exceed the amount which the Indemnifying Party had agreed to pay to compromise such Claim; provided that, the other Person to the contested Claim had agreed in writing to accept such amount in payment or compromise of the Claim as of the time the Indemnifying Party made its request therefor to the Indemnified Party, and further provided that, under such proposed compromise, the Indemnified Party would be fully and completely released from any further liability or obligation with respect to the matters which are the subject of such contested Claim. 10.5

Appears in 1 contract

Samples: Contribution Agreement

Notice of Asserted Liability; Opportunity to Defend. All claims for indemnification under Sections 11.1 and 11.2 shall Section 10 will be asserted and resolved pursuant to this Section 11.410.6. Any person Person claiming indemnification hereunder under this PSA is hereinafter referred to as the "Indemnified Party" and any person Person against whom such claims are asserted hereunder is hereinafter referred to as the "Indemnifying Party". In the event that any Losses are asserted against or sought to be collected from an Indemnified Party by a third party, said Indemnified Party shall will with reasonable promptness provide to the Indemnifying Party a written notice of such claim specifying in reasonable detail the basis for which indemnification is sought under this PSA (“Claim Notice”). The Indemnifying Party shall not be obligated to indemnify the Indemnified Party with respect to any such Losses if the Indemnified Party fails to notify the Indemnifying Party thereof in accordance with the provisions of this Agreement in reasonably sufficient time so that the Indemnifying Party's ability to defend against the Losses is not prejudiced. The Indemnifying Party shall will have thirty fifteen (3015) days from the personal delivery or receipt of the Claim Notice (the "Notice Period") to notify the Indemnified Party (iA) whether or not it disputes the liability of the Indemnifying Party to the Indemnified Party hereunder with respect to such Losses and/or and (iiB) whether or not it desireswill, at the sole cost and expense of the Indemnifying Party, to indemnify and defend the Indemnified Party against such Losses; provided, however, that any . Any Indemnified Party is hereby authorized prior to and during the Notice Period to file any motion, answer answer, or other pleading that it shall deem deems necessary or appropriate to protect its interests or those of the Indemnifying Party (and of which it shall will have given notice and opportunity to comment to the Indemnifying Party) and not prejudicial to the Indemnifying Party. In the event that If the Indemnifying Party notifies the Indemnified Party within the Notice Period that it desires to will indemnify and defend the Indemnified Party against such Losses, then the Indemnifying Party shall have the right to will defend all appropriate proceedingsclaims and proceedings with respect to such Losses, and with counsel of its own choosing, which . The Indemnifying Party will promptly settle or prosecute such claims and proceedings shall be promptly settled or prosecuted by them to a final conclusion. If the Indemnified Party desires to participate in, but not control, any such defense or settlement settlement, then it may do so at its sole cost and expense. If requested by the Indemnifying Party, the Indemnified Party agrees to cooperate with the Indemnifying Party and its counsel in contesting any Losses that such Losses. If the Indemnifying Party elects to contest ordoes not notify the Indemnified Party within fifteen (15) days of receipt of the Claim Notice that it will, if appropriate at its sole cost and related to expense, indemnify and defend the claim in question, in making any counterclaim Indemnified Party against the person asserting the third party such Losses, then the Indemnified Party will have the right, at the Indemnifying Party’s sole cost and expense, to contest, defend, compromise, or settle such Losses, but will not thereby waive any cross-complaint against any personright to indemnity under this PSA. No claim may be settled or otherwise compromised without The Indemnifying Party will not, except with the prior written consent of the Indemnified Party (1) enter into any settlement or compromise that does not include as an unconditional term of such settlement or compromise the giving by the Person asserting the Losses of an unconditional release to all Indemnified Parties from all liability with respect to such Losses or (2) consent to entry of judgment with respect to such Losses. If the claim for indemnification under Section 10 does not involve a third party claim, then the Indemnified Party will assert such claim in writing to the Indemnifying Party, specifying in reasonable detail, the basis for such claim and Indemnifying Party will promptly indemnify the Indemnified Party for such Losses.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Nathaniel Energy Corp)

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Notice of Asserted Liability; Opportunity to Defend. (a) All claims for indemnification under Sections 11.1 and 11.2 hereunder pertaining to Third Person Claims shall be asserted and resolved handled pursuant to this Section 11.410.4. Any person claiming indemnification hereunder is hereinafter referred to herein as the "Indemnified Party" or "Indemnitee" and any person against whom such claims are asserted hereunder is hereinafter referred to herein as the "Indemnifying Party" or ". Indemnitor." (b) In the event that any Losses are Third Person Claim is asserted against or any Loss is sought to be collected by a Third Person from an Indemnified Party by a third partyParty, said the Indemnified Party shall with reasonable promptness provide to the Indemnifying Party a Claim Notice. The failure to give any such Claim Notice, shall not otherwise affect the rights of the Indemnified Party to indemnification hereunder unless the Indemnified Party has proceeded to contest, defend or settle such Claim or remedy such a Loss with respect to which it has failed to give a Claim Notice to the Indemnifying Party, but only to the extent the Indemnifying Party is prejudiced thereby. Additionally, to the extent the Indemnifying Party is prejudiced thereby, the failure to provide a Claim Notice to the Indemnifying Party shall not be obligated to indemnify the Indemnified Party with respect to any such Losses if the Indemnified Party fails to notify relieve the Indemnifying Party thereof in accordance with from liability for such Claims and Losses that it may have to the provisions of this Agreement in reasonably sufficient time so that Indemnified Party, but only to the Indemnifying Party's ability to defend against extent the liability for such Claims or Losses is not prejudiceddirectly attributable to such failure to provide the Claim Notice. (c) The Indemnifying Party shall have thirty (30) days from the personal delivery or receipt of the Claim Notice (the "Notice Period") to notify the Indemnified Party (i) whether or not it disputes the liability of the Indemnifying Party to the Indemnified Party hereunder with respect to the Claim or Loss, and in the event of a dispute, such Losses and/or dispute shall be resolved in the manner set forth in Section 11.8 hereof, (ii) in the case where Losses are asserted against or sought to be collected from an Indemnifying Party by the Indemnified Party, whether or not it desires, the Indemnifying Party shall at the its own sole cost and expense of remedy such Losses or (iii) in the case where Claims are asserted against or sought to be collected from an Indemnified Party by a Third Person ("Third Person Claim"), whether or not the Indemnifying Party, to Party shall at its own sole cost and expense defend the Indemnified Party against such LossesThird Person Claim; provided, provided however, that any Indemnified Party is hereby authorized prior to and during the Notice Period to file any motion, answer or other pleading that it shall deem necessary or appropriate to protect its interests or those of the Indemnifying Party (and of which it shall have given notice and opportunity to comment to the Indemnifying Party) and not prejudicial to the Indemnifying Party. (d) If the Indemnifying Party does not give notice to the Indemnified Party of its election to contest and defend any such Third Person Claim within the Notice Period, then the Indemnifying Party shall be bound by the result obtained with respect thereto by the Indemnified Party and shall be responsible for all costs incurred in connection therewith. 41 (e) If the Indemnifying Party is obligated to defend and indemnify the Indemnified Party, and the Parties have a conflict of interest with respect to any such Third Person Claim, then the Indemnified Party may, in its sole discretion, separately and independently contest and defend such Third Person Claim, and the Indemnifying Party shall be bound by the result obtained with respect thereto by the Indemnified Party and shall be responsible for all costs incurred in connection therewith. (f) In the event that the Indemnifying Party notifies the Indemnified Party within the Notice Period that it desires to shall defend the Indemnified Party against such Lossesa Third Person Claim, the Indemnifying Party shall have the right to defend all appropriate proceedingsProceedings, and with counsel of its own choosing, which proceedings choosing (but reasonably satisfactory to the Indemnified Party) and such Proceedings shall be promptly settled (subject to obtaining a full and complete release of all Indemnified Parties) or prosecuted by them it to a final conclusion. If the Indemnified Party desires to participate in, but not control, any such defense or settlement it may do so at its sole cost and expense. If the Indemnified Party joins in any such Third Person Claim, the Indemnifying Party shall have full authority to determine all action to be taken with respect thereto, as long as such action could not create a liability to any of the Indemnified Parties, in which case, such action would require the prior written consent of any Indemnified Party so affected. (g) If requested by the Indemnifying Party, the Indemnified Party agrees to cooperate with the Indemnifying Party and its counsel in contesting any Losses that the Indemnifying Party elects to contest or, if appropriate Third Person Claim and related to the claim in question, in making any counterclaim against the person Third Person asserting the third party LossesThird Person Claim, or any cross-complaint against any personperson as long as such cooperation, counterclaim or cross-complaint could not create a liability to any of the Indemnified Parties. No claim (h) At any time after the commencement of defense by Indemnifying Party under Section 10.4(f) above of any Third Person Claim, the Indemnifying Party may request the Indemnified Party to agree in writing to the abandonment of such contest or to the payment or compromise by the Indemnifying Party of the asserted Third Person Claim, but only if the Indemnifying Party agrees in writing to be settled or otherwise compromised without solely liable for such Third Person Claim; whereupon such action shall be taken unless the prior written consent Indemnified Party determines that the contest should be continued and notifies the Indemnifying Party in writing within fifteen (15) days of such request from the Indemnifying Party.. In the event that the Indemnified Party determines that the contest should be continued, the amount for which the Indemnifying Party would otherwise be liable hereunder shall not exceed the amount which the Indemnifying Party had agreed to pay to compromise such Third Person Claim; provided that, the other Person to the contested Third Person Claim had agreed in writing to accept such amount in payment or compromise of the Third Person Claim as of the time the Indemnifying Party made its request therefor to the Indemnified Party, and further provided that, under such proposed compromise, the Indemnified Party would be fully and completely released from any further liability or obligation with respect to the matters which are the subject of such contested Third Person Claim. 42 10.5

Appears in 1 contract

Samples: Iv   Contribution Agreement

Notice of Asserted Liability; Opportunity to Defend. All claims for indemnification under Sections 11.1 12.2 and 11.2 12.3 shall be asserted and resolved pursuant to this Section 11.412.6. Any person claiming indemnification hereunder is hereinafter referred to as the "Indemnified Party""Indemnified Party" and any person against whom such claims are asserted hereunder is hereinafter referred to as the "Indemnifying Party". ." In the event that any Losses are asserted against or sought to be collected from an Indemnified Party by a third party, said Indemnified Party shall with reasonable reason­able promptness provide to the Indemnifying Party a Claim Notice. The Indemnifying Party shall not be obligated obli­gated to indemnify the Indemnified Party with respect to any such Losses if the Indemnified Party fails to notify the Indemnifying Party thereof in accordance with the provisions of this Agreement in reasonably sufficient time so that the Indemnifying Party's ability to defend against the Losses is not prejudiced. The Indemnifying Party shall have thirty (30) 30 days from the personal delivery or receipt of the Claim Notice (the "Notice Period")"Notice Period") to notify the Indemnified Party (i) whether or not it disputes the liability of the Indemnifying Party to the Indemnified Party hereunder here­under with respect to such Losses and/or (ii) whether or not it desires, at the sole cost and expense of the Indemnifying Party, to defend the Indemnified Party against such Losses; provided, however, that any Indemnified Party is hereby authorized prior to and during the Notice Period to file any motion, answer or other pleading that it shall deem necessary or appropriate to protect its interests or those of the Indemnifying Party (and of which it shall have given notice and opportunity to comment to the Indemnifying Party) and not prejudicial to the Indemnifying Party. In the event that the Indemnifying Party notifies the Indemnified Party within the Notice Period that it desires to defend the Indemnified Party against such Losses, the Indemnifying Indemni­fying Party shall have the right to defend all appropriate proceedings, and with counsel of its own choosing, which proceedings shall be promptly settled or prosecuted by them to a final conclusion. If the Indemnified Party desires to participate in, but not control, any such defense or settlement it may do so at its sole cost and expense. If requested by the Indemnifying Party, the Indemnified Party agrees to cooperate with the Indemnifying Party and its counsel in contesting any Losses that the Indemnifying Party elects to contest or, if appropriate and related to the claim in question, in making any counterclaim against the person asserting the third party Losses, or any crosscross‑complaintcross-complaint against any person. No claim may be settled or otherwise compromised without the prior written consent of the Indemnifying Party.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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