Common use of Procedures for Direct Claims Clause in Contracts

Procedures for Direct Claims. In the event any Indemnified Party shall have a claim for indemnity against any Indemnifying Party that does not involve a Third Party Claim (a “Direct Claim”), the Indemnified Party shall promptly deliver notice of such claim to the Indemnifying Party. Such notice referred to in the preceding sentence shall state the relevant facts and include therewith relevant documents and a statement in reasonable detail as to the basis for the indemnification sought. The failure by any Indemnified Party so to notify the Indemnifying Party in a timely manner shall not be deemed a waiver of the Indemnified Party’s right to indemnification with respect to any claim made pursuant to this Section 13.3, other than to the extent that such failure actually prejudices the Indemnifying Party.

Appears in 2 contracts

Samples: Administrative Services Agreement (Genworth Financial Inc), Administrative Services Agreement (Genworth Financial Inc)

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Procedures for Direct Claims. In the event any Indemnified Party shall have a claim for indemnity against any Indemnifying Party that does not involve a Third Party Claim (a “Direct Claim”), the Indemnified Party shall promptly deliver written notice of such claim to the Indemnifying Party. Such notice referred to in the preceding sentence shall state the relevant facts and include therewith relevant documents and a statement in reasonable detail as to the basis for the indemnification sought. The failure by any Indemnified Party so to notify the Indemnifying Party in a timely manner shall not be deemed a waiver of relieve the Indemnifying Party from any liability that it may have to such Indemnified Party’s right to indemnification Party with respect to any claim made pursuant to this Section 13.312.2, other than it being understood that notices for claims in respect of a breach of a representation or warranty must be delivered prior to the extent that expiration of the survival period for such failure actually prejudices the Indemnifying Partyrepresentation or warranty.

Appears in 2 contracts

Samples: Renewal Rights and Asset Purchase Agreement (Amtrust Financial Services, Inc.), Renewal Rights and Asset Purchase Agreement (Amtrust Financial Services, Inc.)

Procedures for Direct Claims. In the event any Indemnified Party shall have a claim for indemnity against any Indemnifying Party that does not involve a Third Party Claim (a “Direct Claim”), the Indemnified Party shall promptly deliver written notice of such claim with reasonable promptness after such claim becomes known to the Indemnified Party to the Indemnifying Party. Such notice referred to Party specifying in detail the preceding sentence shall state the relevant facts and include therewith relevant documents and a statement in reasonable detail as to constituting the basis for for, and the indemnification soughtamount of, the claim asserted. The failure by any Indemnified Party so to notify the Indemnifying Party in a timely manner as specified in the preceding sentence shall not be deemed a waiver of the Indemnified Party’s right to relieve any Indemnifying Party from its indemnification with respect to any claim made pursuant to this Section 13.3, other than obligations only to the extent that such failure or other actions taken by the Indemnified Party in response to such claim shall actually prejudices the prejudice an Indemnifying Party.

Appears in 1 contract

Samples: Stock Purchase Agreement (Unitrin Inc)

Procedures for Direct Claims. In the event any Indemnified Party shall have a claim for indemnity against any Indemnifying Party that does not involve a Third Party Claim (a “Direct Claim”), the Indemnified Party shall promptly deliver prompt notice of such claim to the Indemnifying Party. Such notice referred to in the preceding sentence shall state the relevant facts and include therewith relevant documents and a statement in reasonable detail as to the basis for the indemnification sought. The failure by any Indemnified Party so to notify the Indemnifying Party in a timely manner shall not be deemed a waiver of relieve the Indemnifying Party from any liability that it may have to such Indemnified Party’s right to indemnification Party with respect to any claim made pursuant to this Section 13.3, other than it being understood that notices for claims in respect of a breach of a representation or warranty must be delivered prior to the extent that expiration of the survival period for such failure actually prejudices the Indemnifying Partyrepresentation or warranty.

Appears in 1 contract

Samples: Renewal Rights Purchase Agreement (Endurance Specialty Holdings LTD)

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Procedures for Direct Claims. In the event any Indemnified Party shall have a claim for indemnity against any Indemnifying Party that does not involve a Third Party Claim (a “Direct Claim”), the Indemnified Party shall promptly deliver notice of such claim to the Indemnifying Party. Such notice referred to in the preceding sentence shall state the relevant facts and include therewith relevant documents and a statement in reasonable detail as to the basis for the indemnification sought. The failure by any Indemnified Party so to notify the Indemnifying Party in a timely manner shall not be deemed a waiver of the Indemnified Party’s right to indemnification with respect to any claim made pursuant to this Section 13.318.3, other than to the extent that such failure actually prejudices the Indemnifying Party.

Appears in 1 contract

Samples: Purchase Agreement (Tower Group, Inc.)

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