Common use of Procedure for Claims between Parties Clause in Contracts

Procedure for Claims between Parties. (a) If a claim for Damages is to be made by a Buyer Indemnified Party or Seller Indemnified Party (each, an “Indemnified Party” and collectively, the “Indemnified Parties”), such Indemnifying Party shall give written notice briefly describing the claim and the total monetary Damages (or, if not reasonably capable of calculation, an estimate of the total monetary Damages) sought (each, an “Indemnification Notice”) to the indemnifying party hereunder (the “Indemnifying Party” and collectively, the “Indemnifying Parties”) within a reasonable time period after such Indemnified Party becomes aware of any fact, condition or event that may give rise to Damages for which indemnification may be sought under this Article 9.

Appears in 1 contract

Samples: Stock Purchase Agreement (Monarch Casino & Resort Inc)

AutoNDA by SimpleDocs

Procedure for Claims between Parties. (a) If a claim for Damages is to be made by a Buyer Indemnified Party or Seller Indemnified Party (each, an “Indemnified Party” and collectively, the “Indemnified Parties”), such Indemnifying Party party shall give written notice briefly describing the claim and the total monetary Damages damages (or, if not reasonably capable of calculation, an estimate of the total monetary Damagesdamages) sought (each, an “Indemnification Notice”) to the indemnifying party hereunder (the “Indemnifying Party” and collectively, the “Indemnifying Parties”) within a reasonable time period after such Indemnified Party becomes aware of any fact, condition or event that may give rise to Damages for which indemnification may be sought under this Article 9ARTICLE IX.

Appears in 1 contract

Samples: Interest Purchase Agreement (Full House Resorts Inc)

Procedure for Claims between Parties. (a) If a claim for Damages is to be made by a Buyer Indemnified Party or Seller Indemnified Party (each, an “Indemnified Party” and collectively, the “Indemnified Parties”), such Indemnifying Party party shall give written notice briefly describing the claim and the total monetary Damages damages (or, if not reasonably capable of calculation, an estimate of the total monetary Damagesdamages) sought (each, an a Indemnification Notice”) to the indemnifying party hereunder (the “Indemnifying Party” and collectively, the “Indemnifying Parties”) within a reasonable time period after such Indemnified Party becomes aware of any fact, condition or event that may give rise to Damages for which indemnification may be sought under this Article 9IX.

Appears in 1 contract

Samples: Purchase Agreement (Churchill Downs Inc)

AutoNDA by SimpleDocs

Procedure for Claims between Parties. (a) If a claim for Damages is to be made by a Buyer Indemnified Party or Seller Indemnified Party (each, an "Indemnified Party" and collectively, the "Indemnified Parties"), such Indemnifying Party shall give written notice briefly describing the claim and the total monetary Damages (or, if not reasonably capable of calculation, an estimate of the total monetary Damages) sought (each, an "Indemnification Notice") to the indemnifying party hereunder (the "Indemnifying Party" and collectively, the "Indemnifying Parties") within a reasonable time period after such Indemnified Party becomes aware of any fact, condition or event that may give rise to Damages for which indemnification may be sought under this Article 9.

Appears in 1 contract

Samples: Stock Purchase Agreement (Riviera Holdings Corp)

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