Notification and Settlement. In the event that the Company has elected to exercise the Repurchase Right as to part or all of the Unvested Shares within the period described above, Purchaser or such other person shall deliver to the Company certificate(s) representing the Unvested Shares to be acquired by the Company within thirty (30) days following the date of the notice from the Company. The Company shall deliver to Purchaser against delivery of the Unvested Shares, checks of the Company payable to Purchaser and/or any other person obligated to transfer the Unvested Shares in the aggregate amount of the Repurchase Price, if any, to be paid as set forth in paragraph 4(b) above.
Notification and Settlement. Any person seeking indemnification hereunder (an "indemnified person") shall notify the person from whom it is seeking indemnification (the "indemnifying person") of the commencement of any indemnifiable action or claim promptly after such indemnified person becomes aware of such commencement (provided that the failure to make such notification shall not affect such indemnified person's rights otherwise than under this Section 15.3) and shall consult in good faith with the indemnifying person as to the conduct of the defense of such action or claim, which shall be reasonable in the circumstances. No indemnified person shall compromise or settle any indemnifiable action or claim without the prior written consent of the indemnifying person (which consent shall not be unreasonably withheld).
Notification and Settlement. In the event that the Company has elected to exercise the Reconveyance Option as to all of the Shares within the period described above, Optionee or any other person obligated to transfer the Shares shall deliver to the Company certificate(s) representing the Shares to be acquired by the Company within ten (10) days following the date of the notice from the Company. The Company shall deliver to Optionee against delivery of the Shares, checks of the Company payable to Optionee or any other person obligated to transfer the Shares or cancellation of indebtedness in the aggregate amount of the purchase price to be paid as set forth in paragraph (ii) above.
Notification and Settlement. The party seeking indemnification shall promptly notify in writing the other party about the claim. The indemnified party has the right to take part in the handling, settlement or defense of any claim or litigation. The indemnifying party shall not agree to any settlement that would create legal or financial liability for the indemnified party unless the indemnifying party has received the indemnified party’s express written consent to such settlement.
Notification and Settlement. Any person seeking indemnification hereunder (an “indemnified person”) shall notify the person from whom it is seeking indemnification (the “indemnifying person”) of the commencement of any indemnifiable action or claim promptly after such indemnified person becomes aware of such commencement (provided that the failure to make such notification shall not affect such indemnified person’s rights otherwise than under this Section 12 and shall only affect its rights hereunder to the extent such failure is prejudicial to the indemnifying person) and shall consult in good faith with the indemnifying person as to the conduct of the defense of such action or claim, which shall be reasonable in the circumstances. No indemnified person shall compromise or settle any indemnifiable action or claim without the prior written consent of the indemnifying person (which consent shall not be unreasonably withheld or delayed), and, except under circumstances where such consent is provided or is unreasonably withheld or delayed by the indemnifying person, the indemnifying person shall have no indemnification obligation with regard to such consideration paid in settlement or compromise.
Notification and Settlement. The party seeking indemnification must promptly notify in writing the other party about the claim. The indemnifying party (the one covering the costs) has the right to assume the handling, settlement or defense of any claim or litigation. The indemnified party (the one not covering the costs) has to cooperate in any way reasonably requested by the indemnifying party. The indemnifying party will not be liable for legal fees and other costs incurred prior to the other party giving notice of the claim for which indemnity is sought. The indemnifying party shall not agree to any settlement that would create legal or financial liability for the indemnified party unless the indemnifying party has received the indemnified party’s express written consent to such settlement.
Notification and Settlement. In the event that the Company and/or the Purchasing Shareholders have elected to exercise the Reconveyance Option as to part or all of the Shares within the period described above, the Company shall notify Purchaser and/or any other person obligated to transfer the Shares as set forth in paragraph (d) above within seventy-five (75) days from the Termination Date and Purchaser or such other person shall deliver to the Company and/or the Purchasing Shareholders certificate(s) representing the Shares to be acquired by the Company and/or the Purchasing Shareholders within ten (10) days following the date of the notice from the Company. The Company and/or the Purchasing Shareholders shall deliver to Purchaser against delivery of the Shares, checks of the Company and/or the Purchasing Shareholders payable to Purchaser and/or any other person obligated to transfer the Shares in the aggregate amount of the purchase price to be paid as set forth in paragraph (c) above.
Notification and Settlement. In the event that the Company has elected to exercise the Repurchase Right as to part or all of the Shares within the period described above, Participant or such other person shall deliver to the Company certificate(s) representing the Shares to be acquired by the Company within thirty (30) days following the date of the notice from the Company. The Company shall deliver to Participant against delivery of the Shares, a check of the Company, or such other form of payment permitted under Section 3(c), payable to Participant and/or any other person obligated to transfer the Shares in the aggregate amount of the Repurchase Price to be paid as set forth in Section 3(b) above.
Notification and Settlement. In the event that the Company has elected to exercise the Repurchase Option as to part or all of the Shares within the period described above, Purchaser or such other person shall deliver to the Company certificate(s) representing the Shares to be acquired by the Company within thirty (30) days following the date of the notice from the Company. The Company shall deliver to Purchaser against delivery of the Shares, checks of the Company payable to Purchaser and/or any other person obligated to transfer the Shares in the aggregate amount of the Repurchase Price to be paid as set forth in Section 4(b) above.
Notification and Settlement. In the event that the Company has elected to exercise its repurchase rights as to part or all of the Nonvested Shares, the Company shall notify the Holder and/or any other person obligated to transfer the Nonvested Shares as set forth in Section 1.3 above within the period described above and the Holder or such other person shall deliver to the Company certificate(s) representing the Nonvested Shares to be acquired by the Company within ten (10) days following the date of the notice from the Company. The Company shall deliver to the Holder against delivery of the Nonvested Shares, checks of the Company payable to the Holder and/or any other person obligated to transfer the Nonvested Shares in the aggregate amount of the purchase price to be paid as set forth in Section 1.3 above.
