Notification of and Participation in Claims. Promptly after receipt by an indemnified party under this Section 2 of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 2, notify the indemnifying party in writing of the commencement thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to the parties. The failure to notify an indemnifying party promptly of the commencement of any such action, if prejudicial to his, her or its ability to defend such action, shall relieve such indemnifying party of any liability to the indemnified party under this Section 2, but the omission so to notify the indemnifying party will not relieve him, her or it of
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Samples: Securities Agreement (RPM Inc/Oh/)
Notification of and Participation in Claims. Promptly after receipt by an indemnified party under this Section 2 of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 2, notify the indemnifying party in writing of the commencement thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to the parties. The failure to notify an indemnifying party promptly of the commencement of any such action, if prejudicial to his, her or its ability to defend such action, shall relieve such indemnifying party of any liability to the indemnified party under this Section 2, but the omission so to notify the indemnifying party will not relieve him, her or it ofof any liability that he, she or it may have to any indemnified party otherwise than under this Section.
Appears in 1 contract
Samples: Securities Agreement (RPM Inc/Oh/)
Notification of and Participation in Claims. Promptly after receipt by an indemnified party under this Section 2 4 of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 24, notify the indemnifying party in writing of the commencement thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to the parties. The failure to notify an indemnifying party promptly of the commencement of any such action, if prejudicial to his, her or its ability to defend such action, shall relieve such indemnifying party of any liability to the indemnified party under this Section 24, but the omission so to notify the indemnifying party will not relieve him, her or it ofof any liability that he, she or it may have to any indemnified party otherwise than under this Section.
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Samples: Securities Agreement (Wastequip Inc)
Notification of and Participation in Claims. Promptly after receipt by an indemnified party under this Section 2 4.5 of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 2Section, notify the indemnifying party in writing of the commencement thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof with Calfxx, Xxlter & Grisxxxx, xx the indemnifying party is the Company or with other counsel mutually satisfactory to the parties. The failure to notify an indemnifying party promptly of the commencement of any such action, if prejudicial to his, his or her or its ability to defend such action, shall relieve such indemnifying party of any liability to the indemnified party under this Section 24.5, but the omission so to notify the indemnifying party will not relieve him, her or it ofthem of any liability that they may have to any indemnified party otherwise than under this Section.
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