Common use of Notification of Potential Claims Clause in Contracts

Notification of Potential Claims. Without prejudice to the obligations of the Purchaser under Clause 11.2, if the Purchaser or any Group Company becomes aware of any fact, matter or circumstance that may give rise to a Claim or Tax Claim, the Purchaser shall as soon as reasonably practicable and in any event no later than 60 days after the date the Purchaser becomes aware of such fact, matter or circumstance, give a notice in writing to the Seller setting out such information as is available to the Purchaser or relevant Group Company. Failure to give notice within such period shall not affect the rights of the Purchaser except to the extent that the Seller is prejudiced by the failure.

Notification of Potential Claims. Without prejudice to the obligations of the Purchaser under Clause 11.212.2, if the Purchaser or any Group Company becomes aware of any fact, matter or circumstance that may give rise to a Claim (ignoring for these purposes the application of paragraph 1 of Schedule 7 or paragraph 2 of Schedule 7) (other than a Tax Claim), the Purchaser shall as soon as reasonably practicable practicable, and in any event no later than 60 days after the date the Purchaser becomes aware of such fact, matter or circumstancewithin 10 Business Days, give a notice in writing to the Seller setting out such information as is available to the Purchaser or relevant Group CompanyCompany in reasonable detail. Failure to give notice within such period shall not affect the rights of the Purchaser except to the extent that the Seller is prejudiced by the failure.

Notification of Potential Claims. Without prejudice to the obligations of the Purchaser under Clause 11.2, if If the Purchaser or any Group Company becomes aware of any fact, matter or circumstance that may will or is reasonably likely to give rise to a Claim or Tax Claim, claim against the Sellers under this Agreement the Purchaser shall as soon as reasonably practicable and in any event no later than 60 days after the date the Purchaser becomes aware of such fact, matter or circumstance, within 30 Business Days thereof give a notice in writing to the Principal Seller setting out such information as is available specifying in reasonable detail the legal and factual basis of the claim and if practicable, an estimate of the amount of Losses which are, or are to be, the Purchaser or relevant Group Companysubject of the claim (including any Losses which are contingent on the occurrence of any future event). Failure to give notice within such period shall not affect the rights of the Purchaser except to the extent that the any Seller is prejudiced by the failure.