Common use of Procedure for Claiming Indemnity Clause in Contracts

Procedure for Claiming Indemnity. Where the Indemnified Party is entitled to indemnification from the Indemnifying Party, the Indemnified Party shall promptly notify the Indemnifying Party of such claim in respect of which it intends to be indemnified. Such notice shall be given as soon as reasonably practicable after the Indemnified Party becomes aware of such claim. The Indemnifying Party shall be liable to settle the indemnification claim within thirty (30) days of receipt of the above notice. Provided however that, if:

Appears in 1 contract

Samples: Power Delivery Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!