Common use of Notice of Loss or Asserted Liability Clause in Contracts

Notice of Loss or Asserted Liability. Promptly after (a) becoming aware of circumstances that have resulted in a Loss for which any indemnified party (the "Indemnitee") intends to seek indemnification, or (b) receipt by the Indemnitee of written notice of any demand, claim or circumstances which, with or without the lapse of time, the giving of notice or both, would 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 will give notice thereof to any other party (or parties) obligated to provide indemnification (the "Indemnifying Party").

Appears in 3 contracts

Samples: Share Exchange Agreement (Innovest Capital Sources Corp), Share Purchase Agreement (Dumaresq Joel), Share Purchase Agreement (Royal Holdings Services LTD)

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Notice of Loss or Asserted Liability. Promptly after (a) becoming aware of circumstances that have resulted in a Loss for which any indemnified party hereto (the "Indemnitee") intends to seek indemnification, indemnification under Sections 11.02 and 11.03 hereof or (b) receipt by the Indemnitee of written notice of any demand, claim or circumstances which, with or without the lapse of time, the giving of notice or both, would 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 will give notice thereof to any other party (or parties) obligated to provide indemnification pursuant to Sections 11.02 and 11.03 hereof (the "Indemnifying Party").

Appears in 1 contract

Samples: Purchase Agreement (Ennis Business Forms Inc)

Notice of Loss or Asserted Liability. Promptly after (a) becoming aware of circumstances that have resulted in a Loss for which any indemnified party hereto (the "Indemnitee") intends to seek indemnification, indemnification under Sections 10.02 and 10.03 hereof or (b) receipt by the Indemnitee of written notice of any demand, claim or circumstances which, with or without the lapse of time, the giving of notice or both, would 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 will give notice thereof to any other party (or parties) obligated to provide indemnification pursuant to Sections 10.02 and 10.03 hereof (the "Indemnifying Party").

Appears in 1 contract

Samples: Definitive Agreement (Sandisk Corp)

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Notice of Loss or Asserted Liability. Promptly after (a) becoming aware of circumstances that have resulted in a Loss for which any indemnified party hereto (the "Indemnitee") intends to seek indemnification, indemnification under Sections 11.03 or 11.04 or (b) receipt by the Indemnitee of written notice of any demand, claim or circumstances which, with or without the lapse of time, the giving of notice or both, would 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 will give notice thereof to any other party (or parties) obligated to provide indemnification pursuant to Sections 11.03 or 11.04 (the "Indemnifying Party").

Appears in 1 contract

Samples: Irata Inc

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