Common use of Notice of Third Party Claims Clause in Contracts

Notice of Third Party Claims. If an Indemnitee receives notice of the commencement or assertion of any Third Party Claim, the Indemnitee shall give the Indemnitor reasonably prompt notice thereof, but in any event no later than thirty (30) days after receipt of such notice of such Third Party Claim. Such notice to the Indemnitor shall describe the Third Party Claim in reasonable detail and shall indicate, if reasonably practicable, the estimated amount of the Loss that has been or may be sustained by the Indemnitee.

Appears in 3 contracts

Samples: Share Purchase Agreement (Pioneer Power Solutions, Inc.), Acquisition Agreement (Select Medical Corp), Asset Purchase Agreement (Draxis Health Inc /Cn/)

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Notice of Third Party Claims. If an Indemnitee Indemnified Party receives notice of the commencement or assertion of any Third Party Claim, the Indemnitee Indemnified Party shall give the Indemnitor Indemnifier reasonably prompt notice thereof, but in any event no later than thirty (30) 30 days after receipt of such notice of such Third Party Claim. Such notice to the Indemnitor Indemnifier shall describe the Third Party Claim in reasonable detail and shall indicate, if reasonably practicable, the estimated amount of the Loss that has been or may be sustained by the IndemniteeIndemnified Party.

Appears in 2 contracts

Samples: Share Purchase Agreement (Imperial Parking Corp), Share Purchase Agreement (RSL Communications LTD)

Notice of Third Party Claims. If an Indemnitee receives notice of the commencement or assertion of any Third Party Claim, the Indemnitee shall give the Indemnitor reasonably prompt notice thereof, but in any event no later than thirty (30) days 30 Business Days after receipt of such notice of such Third Party Claim. Such notice to the Indemnitor shall describe the Third Party Claim in reasonable detail and shall indicate, if reasonably practicable, the nature and estimated amount of the Loss or Claim that has been or may be sustained by the Indemnitee.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cascade Corp)

Notice of Third Party Claims. If an Indemnitee receives notice of the commencement or assertion of any Third Party Claim, the Indemnitee shall give the Indemnitor reasonably prompt notice thereof, but in any event no later than thirty (30) 30 days after receipt of such notice of such Third Party Claim. Such notice to the Indemnitor shall describe the Third Party Claim in reasonable detail and shall indicate, if reasonably practicable, the estimated amount of the Loss that has been or may be sustained by the Indemnitee.

Appears in 1 contract

Samples: Share Purchase Agreement (Activecore Technologies Inc)

Notice of Third Party Claims. If an Indemnitee receives notice of the commencement or assertion of any Third Party Claim, the Indemnitee shall give the Indemnitor reasonably prompt notice thereof, but in any event no later than thirty (30) days 10 Business Days after receipt of such notice of such Third Party Claim. Such notice to the Indemnitor shall describe the Third Party Claim in reasonable detail and shall indicate, if reasonably practicable, the estimated amount of the Loss that has been or may be sustained by the Indemnitee.

Appears in 1 contract

Samples: Acquisition Agreement (Team Inc)

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Notice of Third Party Claims. If an Indemnitee Indemnified Party receives notice of the commencement or assertion of any Third Party Claim, the Indemnitee Indemnified Party shall give the Indemnitor Indemnifier reasonably prompt notice thereof, but in any event no later than thirty (30) days after receipt of such notice of such Third Party Claim. Such notice to the Indemnitor Indemnifier shall describe the Third Party Claim in reasonable detail and shall indicate, if reasonably practicable, the estimated amount of the Loss that has been or may be sustained by the IndemniteeIndemnified Party.

Appears in 1 contract

Samples: Asset Purchase Agreement (Trackpower Inc)

Notice of Third Party Claims. If an Indemnitee Indemnified Party receives notice of the commencement or assertion of any Third Party Claim, the Indemnitee Indemnified Party shall give the Indemnitor reasonably Indemnifier prompt and detailed notice thereof, but in any event no later than thirty (30) 45 days after receipt of such notice of such Third Party Claim. Such notice to the Indemnitor Indemnifier shall describe the Third Party Claim in reasonable detail and shall indicate, if reasonably practicable, the estimated amount of the Loss that has been or may be sustained by the IndemniteeIndemnified Party.

Appears in 1 contract

Samples: Share Purchase Agreement (Universal American Financial Corp)

Notice of Third Party Claims. 5.4.1 If an Indemnitee Indemnified Party receives notice of the commencement or assertion of any Third Party Claim, the Indemnitee Indemnified Party shall give the Indemnitor Indemnifier reasonably prompt notice thereof, but in any event no later than thirty (30) 30 days after receipt of such notice of such Third Party Claim. Such notice to the Indemnitor Indemnifier shall describe the Third Party Claim in reasonable detail and shall indicate, if reasonably practicable, the estimated amount of the Loss that has been or may be sustained by the IndemniteeIndemnified Party.

Appears in 1 contract

Samples: Share Purchase Agreement (Landec Corp \Ca\)

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