Common use of NOTICE OF OTHER CLAIMS Clause in Contracts

NOTICE OF OTHER CLAIMS. In the event any Indemnitee should have a claim against any Indemnitor under or in connection with this Agreement that does not involve a Third-Party Claim, the Indemnitee shall notify the Indemnitor of such claim, specifying the nature of and specific basis for such claim and the amount of such claim, with reasonable promptness, but in no event later than when notice thereof is required to be made pursuant to this Article. The Indemnitor shall remit payment for the amount of such claim upon receipt of an invoice therefor, or in the event of a dispute, the Indemnitee and the Indemnitor shall proceed in good faith to negotiate a resolution of such dispute, and if not resolved through negotiations, such dispute will be resolved by litigation in an appropriate court of competent jurisdiction.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Western Power & Equipment Corp), Asset Purchase Agreement (Western Power & Equipment Corp), Asset Purchase Agreement (Western Power & Equipment Corp)

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NOTICE OF OTHER CLAIMS. In the event any Indemnitee should have a claim against any Indemnitor under or in connection with this Agreement that does not involve a Third-Third Party Claim, the Indemnitee shall notify the Indemnitor with reasonable promptness of such claim, specifying the nature of and specific basis for such claim and the amount of such claim, with reasonable promptness, claim but in no event later than when notice thereof is required to be made pursuant to this ArticleSection 9.09. The Indemnitor shall remit payment for the amount of such claim upon receipt of an invoice therefor, or in the event of a dispute, the Indemnitee and the Indemnitor shall proceed in good faith to negotiate a resolution of such dispute, and if not resolved through negotiations, such dispute will be resolved by litigation in an appropriate court of competent jurisdiction.

Appears in 1 contract

Samples: Asset Purchase Agreement (Western Power & Equipment Corp)

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