Common use of Procedure For Indemnification with Respect to Non-Third Party Claims Clause in Contracts

Procedure For Indemnification with Respect to Non-Third Party Claims. In the event that the Indemnified Party asserts the existence of a claim giving rise to Damages (but excluding claims resulting from the assertion of liability by third parties), it shall give written notice to the Indemnifying Party. Such written notice shall state that it is being given pursuant to this Section 4.4, specify the nature and amount of the claim asserted and indicate the date on which such assertion shall be deemed accepted and the amount of the claim deemed a valid claim (such date to be established in accordance with the next sentence). If the Indemnifying Party, within 10 days after the mailing of notice by the Indemnified Party, shall not give written notice to the Indemnified Party announcing their intent to contest such assertion of the Indemnified Party, such assertion shall be deemed accepted and the amount of claim shall be deemed a valid claim. In the event, however, that the Indemnifying Party contests the assertion of a claim by giving such written notice to the Indemnified Party within said period, then the parties shall act in good faith to reach agreement regarding such claim. If the parties hereto, acting in good faith, cannot reach agreement with respect to such claim within ten (10) days after notice thereof, such claim will be submitted to and settled by arbitration pursuant to Section 5.10 hereof.

Procedure For Indemnification with Respect to Non-Third Party Claims. In the event that the Indemnified Party an indemnified party asserts the existence of a claim giving rise with respect to Damages Losses (but excluding claims resulting from the assertion of liability by third parties), it shall give written notice to the Indemnifying Partyindemnifying party. Such written notice shall state that it is being given pursuant to this Section 4.46.4(b), specify the nature and amount of the claim asserted asserted, and indicate the date on which such assertion shall be deemed accepted and the amount of the claim deemed a valid claim (such date to be established in accordance with the next sentence). If the Indemnifying Partyindemnifying party, within 10 30 days after the mailing of notice by the Indemnified Partysuch indemnified party, shall not give written notice to the Indemnified Party such indemnified party announcing their its intent to contest such assertion of the Indemnified Partysuch indemnified party, such assertion shall be deemed accepted and the amount of claim shall be deemed a valid claim. In the event, however, that the Indemnifying Party indemnifying party contests the assertion of a claim by giving such written notice to the Indemnified Party such indemnified party within said period, then the parties shall act in good faith to reach agreement regarding such claim. If In the event that litigation shall arise with respect to any such claim, the prevailing party shall be entitled to reimbursement of costs and expenses incurred in connection with such litigation including attorney fees, if the parties hereto, acting in good faith, cannot reach agreement with respect to such claim within ten (10) days after notice thereof, such claim will be submitted to and settled by arbitration pursuant to Section 5.10 hereofnotice.

Procedure For Indemnification with Respect to Non-Third Party Claims. In the event that the an Indemnified Party Person asserts the existence of a claim giving rise to Damages a Damage (but excluding claims resulting from the assertion of liability by third parties), it shall give written notice to the Indemnifying PartyParent. Such written notice shall state that it is being given pursuant to this Section 4.48.5, specify the nature and amount of the claim asserted asserted, and indicate the date on which such assertion shall be deemed accepted and the amount of the claim deemed a valid claim (such date to be established in accordance with the next sentence). If the Indemnifying PartyParent, within 10 30 days after the mailing receipt of notice by the such Indemnified PartyPerson, shall not give written notice to the such Indemnified Party Person announcing their its intent to contest such assertion of the such Indemnified PartyPerson, such assertion shall be deemed accepted and the amount of claim shall be deemed a valid claim. In the event, however, that the Indemnifying Party Parent contests the assertion of a claim by giving such written notice to the such Indemnified Party Person within said period, then the parties shall act in good faith to reach agreement regarding such claim. If In the event that arbitration or litigation shall arise with respect to any such claim, the prevailing party in such arbitration or litigation shall be entitled to reimbursement of costs and expenses incurred in connection with such arbitration or litigation including attorney fees, if the parties hereto, acting in good faith, cannot reach agreement with respect to such claim within ten thirty (1030) days after notice thereof, such claim will be submitted to and settled by arbitration pursuant to Section 5.10 hereofnotice.

Procedure For Indemnification with Respect to Non-Third Party Claims. In the event that the Indemnified Party Purchaser, Ultratech or any Affiliate asserts the existence of a claim giving rise to Damages (but excluding claims resulting from the assertion of liability by third parties), it shall give written notice to the Indemnifying PartySeller. Such written notice shall state that it is being given pursuant to this Section 4.410.4, specify the nature and amount of the claim asserted and indicate the date on which such assertion shall be deemed accepted and the amount of the claim deemed a valid claim (such date to be established in accordance with the next sentence). If the Indemnifying PartySeller, within 10 sixty (60) days after the mailing of notice by the Indemnified PartyPurchaser or Ultratech, shall not give written notice to the Indemnified Party Purchaser and Ultratech announcing their its intent to contest such assertion of the Indemnified PartyPurchaser or Ultratech, such assertion shall be deemed accepted and the amount of claim shall be deemed a valid claim. In the event, however, that the Indemnifying Party Seller contests the assertion of a claim by giving such written notice to the Indemnified Party Purchaser and Ultratech within said period, then the parties shall act in good faith to reach agreement regarding such claim. If In the event that arbitration shall arise with respect to any such claim, the prevailing party shall be entitled to reimbursement of costs and expenses incurred in connection with such arbitration including reasonable attorneys' fees, if the parties hereto, acting in good faith, cannot reach agreement with respect to such claim within ten (10) days after notice thereof, such claim will be submitted to and settled by arbitration pursuant to Section 5.10 hereofnotice.

Procedure For Indemnification with Respect to Non-Third Party Claims. In the event that the Indemnified Party asserts the existence of a claim giving rise to Damages (but excluding claims resulting from the assertion of liability by third parties), it shall give written notice to the Indemnifying PartyParties. Such written notice shall state that it is being given pursuant to this Section 4.45.5, specify the nature and amount of the claim asserted and indicate the date on which such assertion shall be deemed accepted and the amount of the claim deemed a valid claim (such date to be established in accordance with the next sentence). If the such Indemnifying PartyParties, within 10 30 days after the mailing of notice by the Indemnified Party, shall not give written notice to the Indemnified Party announcing their intent to contest such assertion of the Indemnified Party, such assertion shall be deemed accepted and the amount of claim shall be deemed a valid claim. In the event, however, that the such Indemnifying Party contests Parties contest the assertion of a claim by giving such written notice to the Indemnified Party within said period, then the parties shall act in good faith to reach agreement regarding such claim. If the parties hereto, acting in good faith, cannot reach agreement with respect to such claim within ten (10) days after notice thereof, such claim will be submitted to and settled by arbitration pursuant to Section 5.10 hereof.settled

Procedure For Indemnification with Respect to Non-Third Party Claims. In the event that the any Indemnified Party asserts the existence of a claim giving rise to Damages (but excluding claims resulting from the assertion of liability by third parties), it shall give written notice to the Indemnifying PartyParties. Such written notice shall state that it is being given pursuant to this Section 4.48.4, specify the nature and amount of the claim asserted and indicate the date on which such assertion shall be deemed accepted and the amount of the claim deemed a valid claim (such date to be established in accordance with the next sentence). If the such Indemnifying PartyParties, within 10 90 days after the mailing of notice by the such Indemnified Party, shall not give written notice to the such Indemnified Party announcing their its intent to contest such assertion of the such Indemnified Party, such assertion shall be deemed accepted and the amount of claim shall be deemed a valid claim. In the event, however, that the such Indemnifying Party contests Parties contest the assertion of a claim by giving such written notice to the such Indemnified Party within said period, then the parties shall act in good faith to reach agreement regarding such claim. If the parties hereto, acting in good faith, cannot reach agreement with respect to such claim within ten (10) days after notice thereof, such claim will be submitted to and settled by arbitration pursuant to Section 5.10 10.11 hereof.

Procedure For Indemnification with Respect to Non-Third Party Claims. In the event that the Indemnified Party asserts the existence of a claim giving rise to Damages (but excluding claims resulting from the assertion of liability by third parties), it shall give written notice to the Indemnifying PartyParties. Such written notice shall state that it is being given pursuant to this Section 4.45.4, specify the nature and amount of the claim asserted and indicate the date on which such assertion shall be deemed accepted and the amount of the claim deemed a valid claim (such date to be established in accordance with the next sentence). If the such Indemnifying PartyParties, within 10 ten (10) days after the mailing of notice by the Indemnified Party, shall not give written notice to the Indemnified Party announcing their intent to contest such assertion of the Indemnified Party, such assertion shall be deemed accepted and the amount of claim shall be deemed a valid claim. In the event, however, that the such Indemnifying Party contests Parties contest the assertion of a claim by giving such written notice to the Indemnified Party within said period, then the parties shall act in good faith to reach agreement regarding such claim. If the parties hereto, acting in good faith, cannot reach agreement with respect to such claim within ten (10) days after notice thereof, such claim will be submitted to and settled by arbitration pursuant to Section 5.10 7.10 hereof.

Procedure For Indemnification with Respect to Non-Third Party Claims. In the event that the an Indemnified Party Person asserts the existence of a claim giving rise to Damages a Damage (but excluding claims resulting from the assertion of liability by third parties), it shall give written notice to the Indemnifying PartyNasan, its affiliates and Com21 Israel. Such written notice shall state that it is being given pursuant to this Section 4.46.4, specify the nature and amount of the claim asserted asserted, and indicate the date on which such assertion shall be deemed accepted and the amount of the claim deemed a valid claim (such date to be established in accordance with the next sentence). If the Indemnifying PartyNasan, its affiliates or Com21 Israel, within 10 30 days after the mailing receipt of notice by the such Indemnified PartyPerson, shall not give written notice to the such Indemnified Party Person announcing their its intent to contest such assertion of the such Indemnified PartyPerson, such assertion shall be deemed accepted and the amount of claim shall be deemed a valid claim. In the event, however, that the Indemnifying Party Nasan, its affiliates or Com21 Israel contests the assertion of a claim by giving such written notice to the such Indemnified Party Person within said period, then the parties shall act in good faith to reach agreement regarding such claim. If In the event that arbitration or litigation shall arise with respect to any such claim, the prevailing party in such arbitration or litigation shall be entitled to reimbursement of costs and expenses incurred in connection with such arbitration or litigation including attorney fees, if the parties hereto, acting in good faith, cannot reach agreement with respect to such claim within ten thirty (1030) days after notice thereof, such claim will be submitted to and settled by arbitration pursuant to Section 5.10 hereofnotice.