Common use of Notice of Other Claims; Non-Waiver Clause in Contracts

Notice of Other Claims; Non-Waiver. Any party claiming indemnification hereunder shall give reasonably prompt written notice to the other as soon as practicable after it becomes aware of any condition or event that gives rise to Indemnification Losses for which indemnification is sought under this Section 13, except as otherwise provided in Section 13(c). Failure of an Indemnified Party to give reasonably prompt notice of any claim or claims shall not release, waive or otherwise affect an Indemnifying Party's obligations with respect thereto except to the extent of actual loss or prejudice as a result of such failure.

Appears in 3 contracts

Samples: Agreement of Purchase (Arrow Electronics Inc), Agreement of Purchase (Arrow Electronics Inc), Agreement of Purchase and Sale (Bell Industries Inc /New/)

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Notice of Other Claims; Non-Waiver. Any party claiming indemnification hereunder shall give reasonably prompt written notice to the other as soon as practicable after it becomes aware of any condition or event that gives rise to Indemnification Losses for which indemnification is sought under this Section 13, except as otherwise provided in Section 13(c). Failure of an Indemnified Party to give reasonably prompt notice of any claim or claims shall not release, waive or otherwise affect an Indemnifying Party's obligations with respect thereto except to the extent of actual loss or prejudice as a result of such failure.. 49 -43-

Appears in 1 contract

Samples: Agreement of Purchase (Arrow Electronics Inc)

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