Common use of Notice of Third Party Claim Clause in Contracts

Notice of Third Party Claim. Any party making a claim for indemnification under Sections 9.3 or 9.4 (the “Indemnified Party”) will notify the party from whom indemnification is claimed (the “Indemnifying Party”) of the claim in writing promptly after receiving written notice of any action, lawsuit, proceeding, investigation or other claim against it by a third party. Such notice will describe the claim, the amount thereof (to the extent then known and quantifiable), and the basis therefor, in each case to the extent known to the Indemnified Party. The failure to so notify the Indemnifying Party will not relieve the Indemnifying Party of its obligations under Sections 9.3 or 9.4, as the case may be, except to the extent that such failure actually prejudices the Indemnifying Party.

Appears in 2 contracts

Samples: Purchase Agreement (Nexstar Finance LLC), Asset Purchase Agreement (Mission Broadcasting Inc)

AutoNDA by SimpleDocs

Notice of Third Party Claim. Any party making a claim for indemnification under Sections 9.3 Section 6.2(a) or 9.4 6.2(b) (the “Indemnified Party”) will notify the party Party from whom indemnification is claimed (the “Indemnifying Party”) of the claim in writing promptly after receiving written notice of any action, lawsuit, proceeding, investigation or other claim against it by a third party. Such notice will describe the claim, the amount thereof (to the extent then known and quantifiable), and the basis therefor, in each case to the extent known to the Indemnified Party. The failure to so notify the Indemnifying Party will not relieve the Indemnifying Party of its obligations under Sections 9.3 Section 6.2(a) or 9.4, 6.2(b) as the case may be, except to the extent that such failure actually prejudices the Indemnifying Party.

Appears in 1 contract

Samples: Asset Purchase Agreement (Broadcaster Inc)

AutoNDA by SimpleDocs

Notice of Third Party Claim. Any party making a claim for indemnification under Sections 9.2 or 9.3 or 9.4 (the “Indemnified Party”) will notify the party from whom indemnification is claimed (the “Indemnifying Party”) of the claim in writing promptly after receiving written notice of any action, lawsuit, proceeding, investigation or other claim against it by a third party. Such notice will describe the claim, the amount thereof (to the extent then known and quantifiable), and the basis therefor, in each case to the extent known to the Indemnified Party. The failure to so notify the Indemnifying Party will not relieve the Indemnifying Party of its obligations under Sections 9.3 9.2 or 9.49.3, as the case may be, except to the extent that such failure actually prejudices the Indemnifying Party.

Appears in 1 contract

Samples: Asset Purchase Agreement (Nexstar Broadcasting Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.