Common use of Notice of Indemnity Claim Clause in Contracts

Notice of Indemnity Claim. Any Indemnified Person entitled to indemnification under this Agreement may seek indemnification for any Indemnifiable Loss (other than in respect of a Third-Party Claim) by providing written notice to the Indemnifying Party, specifying (a) the basis for such indemnification claim and (b) if known, the aggregate amount of Indemnifiable Loss for which a claim is being made under this Agreement. Written notice to such Indemnifying Party of the existence of such claim shall be given by the Indemnified Person as soon as practicable after the Indemnified Person first receives notice of the potential claim; provided, however, that any failure to provide such prompt notice of the event giving rise to such claim to the Indemnifying Party shall not affect the Indemnified Person’s right to indemnification or relieve the Indemnifying Party of its obligations under this Agreement except to the extent such Indemnifying Party has been materially prejudiced as a result of such delay.

Notice of Indemnity Claim. Any Indemnified Person Indemnitee entitled to indemnification under this Agreement may seek indemnification for any Indemnifiable Loss (other than in respect of a Third-Party Claim) by providing written notice to the Indemnifying Partyindemnifying party, specifying (a) the basis for such indemnification claim and (b) if known, the aggregate amount of Indemnifiable Loss for which a claim is being made under this Agreement. Article V. Written notice to such Indemnifying Party indemnifying party of the existence of such claim shall be given by the Indemnified Person Indemnitee as soon as practicable after the Indemnified Person Indemnitee first receives notice of the potential claim; provided, however, that any failure to provide such prompt notice of the event giving rise to such claim to the Indemnifying Party indemnifying party shall not affect the Indemnified PersonIndemnitee’s right to indemnification or relieve the Indemnifying Party indemnifying party of its obligations under this Agreement Article V except to the extent that such Indemnifying Party failure results in a lack of actual notice of the event giving rise to such claim and such indemnifying party actually incurs an incremental expense or otherwise has been materially prejudiced as a result of such delay.

Notice of Indemnity Claim. Any Indemnified Person Indemnitee entitled to indemnification under this Agreement may seek indemnification for any Indemnifiable Loss (other than in respect of a Third-Party Claim) by providing giving written notice to the Indemnifying Partyindemnifying party, specifying (a) the basis for such indemnification claim and (b) if known, the aggregate amount of Indemnifiable Loss for which a claim is being made under this Agreement. Article V. Written notice to such Indemnifying Party indemnifying party of the existence of such claim shall be given by the Indemnified Person Indemnitee as soon as practicable after the Indemnified Person Indemnitee first receives notice of the potential claim; provided, however, that any failure to provide such prompt notice of the event giving rise to such claim to the Indemnifying Party indemnifying party shall not affect the Indemnified PersonIndemnitee’s right to indemnification or relieve the Indemnifying Party indemnifying party of its obligations under this Agreement Article V except to the extent that such Indemnifying Party failure results in a lack of actual notice of the event giving rise to such claim and such indemnifying party actually incurs an incremental expense or otherwise has been materially prejudiced as a result of such delay.