Common use of Notice; Right to Defend Clause in Contracts

Notice; Right to Defend. Any person entitled to indemnification hereunder agrees to give prompt written notice to the indemnifying party after the receipt by such person of any written notice of the commencement of any action, suit, proceeding or investigation or threat thereof made in writing for which such person will claim indemnification or contribution pursuant to this Agreement and, unless in the reasonable judgment of such indemnified party a conflict of interest may exist between such indemnified party and the indemnifying party, shall permit the indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to such indemnified party. If the indemnifying party is not entitled to, or elects not to, assume the defense of a claim, it will not be obligated to pay the fees and expenses of more than one counsel for the indemnified party with respect to such claim. The indemnifying party will not be subject to any liability for any settlement made without its consent. Failure of notice by a seller of Registrable Stock entitled to indemnification hereunder will not relieve the Company of its obligations under this Section 6 unless the Company is actually prejudiced thereby.

Appears in 4 contracts

Samples: Registration Rights Agreement (Sinofresh Healthcare Inc), Registration Rights Agreement (Sinofresh Healthcare Inc), Services and License Agreement (Sinofresh Healthcare Inc)

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Notice; Right to Defend. Any person entitled to indemnification hereunder agrees to give prompt written notice to the indemnifying party Promptly after the receipt by such person an indemnified party under this Article "4" of any written this Registration Rights Agreement, of notice of the commencement of any action (including any governmental action), suitsuch indemnified party shall, proceeding or investigation or threat if a claim in respect thereof is to be made in writing for which such person will claim indemnification or contribution against any indemnifying party pursuant to this Agreement andArticle "4", unless in deliver to the reasonable judgment of such indemnified indemnifying party a conflict written notice of interest may exist between such indemnified party the commencement thereof and the indemnifying party, party shall permit have the right to participate in and if the indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to such indemnified party. If the indemnifying party is not entitled to, or elects not to, assume the defense of a claim, agrees in writing that it will not be obligated to pay the fees responsible for any costs, expenses, judgments, damages and expenses of more than one counsel for losses incurred by the indemnified party with respect to such claim, jointly with any other indemnifying party similarly noticed, to assume the defense thereof. The failure to deliver written notice to the indemnifying party within a reasonable time after the commencement of any such action shall relieve such indemnifying party of any liability to the indemnified party under this Registration Rights Agreement only if and to the extent that such failure is prejudicial to its ability to defend such action, and the omission so to deliver written notice to the indemnifying party will not be subject relieve it of any liability that it may have to any liability for any settlement made without its consent. Failure of notice by a seller of Registrable Stock entitled to indemnification hereunder will not relieve the Company of its obligations indemnified party otherwise than under this Section 6 unless the Company is actually prejudiced therebyRegistration Rights Agreement.

Appears in 1 contract

Samples: Merger Agreement (Western Power & Equipment Corp)

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Notice; Right to Defend. Any person entitled to indemnification hereunder agrees to give prompt written notice to the indemnifying party after the receipt by such person of any written notice of the commencement of any action, suit, proceeding or investigation or threat thereof made in writing for which such person will claim indemnification or contribution pursuant to this Agreement and, unless in the reasonable judgment of such indemnified party a conflict of interest may exist between such indemnified party and the indemnifying party, shall permit the indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to such indemnified party. If the indemnifying party is not entitled to, or elects not to, assume the defense of a claim, it will not be obligated to pay the fees and expenses of more than one counsel for the indemnified party with respect to such claim. The indemnifying party will not be subject to any liability for any settlement made without its consent. Failure of notice by a seller of Registrable Stock entitled to indemnification hereunder will not relieve the Company of its obligations under this Section 6 7 unless the Company is actually prejudiced thereby.

Appears in 1 contract

Samples: Registration Rights Agreement (Summit Brokerage Services Inc / Fl)

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