Common use of Notice of Indemnity Claims Clause in Contracts

Notice of Indemnity Claims. Any Party seeking indemnification under this Agreement (the “Indemnified Party”) will give to the Party from which indemnification is sought (the “Indemnitor”) a notice (an “Indemnity Claim Notice”) describing in reasonable detail the facts giving rise to any claim for indemnification hereunder and will include in such Indemnity Claim Notice (if then known) the amount or the method of computation of the amount of such claim, and a reference to the provisions of this Agreement upon which such claim is based; provided, however, that an Indemnity Claim Notice in respect of any action at law or suit in equity by or against a third Person as to which indemnification will be sought will be given promptly after the action or suit is commenced; and provided further that failure to give an Indemnity Claim Notice as required in this Section 4.3 will not relieve the Indemnitor of its obligations hereunder except to the extent the Indemnitor has been materially and actually prejudiced by such failure.

Appears in 1 contract

Samples: Coinsurance and Administrative Services Agreement

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Notice of Indemnity Claims. Any Party seeking indemnification under this Agreement (the “Indemnified Party”) will give to the Party from which indemnification is sought (the “Indemnitor”) a notice (an “Indemnity Claim Notice”) describing in reasonable detail the facts giving rise to any claim for indemnification hereunder and will include in such Indemnity Claim Notice (if then known) the amount or the method of computation of the amount of such claim, and a reference to the provisions of this Agreement upon which such claim is based; provided, however, that an Indemnity Claim Notice in respect of any action at law or suit in equity by or against a third Person as to which indemnification will be sought will be given promptly after the action or suit is commenced; and provided further that failure to give an Indemnity Claim Notice as required in this Section 4.3 17.3 will not relieve the Indemnitor of its obligations hereunder except to the extent the Indemnitor has been materially and actually prejudiced by such failure.

Appears in 1 contract

Samples: Coinsurance and Administrative Services Agreement

Notice of Indemnity Claims. Any Party seeking indemnification under this Agreement (the “Indemnified Party”) will give to the Party from which indemnification is sought (the “Indemnitor”) a notice (an “Indemnity Claim Notice”) describing in reasonable detail the facts giving rise to any claim for indemnification hereunder and will include in such Indemnity Claim Notice (if then known) the amount or the method of computation of the amount of such claim, and a reference to the provisions of this Agreement upon which such claim is based; provided, however, that an Indemnity Claim Notice in respect of any action at law or suit in equity by or against a third Person as to which indemnification will be sought will be given promptly after the action or suit is commenced; and provided further that failure to give an Indemnity Claim Notice as required in this Section 4.3 12.4 will not relieve the Indemnitor of its obligations hereunder except to the extent the Indemnitor has been materially and actually prejudiced by such failure.

Appears in 1 contract

Samples: Coinsurance and Administrative Services Agreement

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Notice of Indemnity Claims. Any Party seeking indemnification under this Agreement (the “Indemnified Party”) will give to the Party from which indemnification is sought (the “Indemnitor”) a notice (an “Indemnity Claim Notice”) describing in reasonable detail the facts giving rise to any claim for indemnification hereunder and will include in such Indemnity Claim Notice (if then known) the amount or the method of computation of the amount of such claim, and a reference to the provisions of this Agreement upon which such claim is based; provided, however, that an Indemnity Claim Notice in respect of any action at law or suit in equity by or against a third Person as to which indemnification will be sought will be given promptly after the action or suit is commenced; and provided further that failure to give an Indemnity Claim Notice as required in this Section 4.3 6.3 will not relieve the Indemnitor of its obligations hereunder except to the extent the Indemnitor has been materially and actually prejudiced by such failure.

Appears in 1 contract

Samples: Coinsurance and Administrative Services Agreement

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