Common use of Procedures for Indemnification Clause in Contracts

Procedures for Indemnification. In the event that an Indemnified Party shall incur or suffer any Losses in respect of which indemnification may be sought under this Article V against the Indemnifying Party, the Indemnified Party shall assert a claim for indemnification by providing a written notice (the “Notice of Loss”) to the Indemnifying Party stating the nature and basis of such indemnification. The Notice of Loss shall be provided to the Indemnifying Party as soon as practicable after the Indemnified Party becomes aware that it has incurred or suffered a Loss.

Appears in 38 contracts

Samples: Securities Purchase Agreement (Metavesco, Inc.), Debt Exchange Agreement (Clubhouse Media Group, Inc.), Securities Purchase Agreement (Metavesco, Inc.)

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Procedures for Indemnification. In the event that an Indemnified Party shall incur or suffer any Losses in respect of which indemnification may be sought under this Article V VI against the Indemnifying Party, the Indemnified Party shall assert a claim for indemnification by providing a written notice (the “Notice of Loss”) to the Indemnifying Party stating the nature and basis of such indemnification. The Notice of Loss shall be provided to the Indemnifying Party as soon as practicable after the Indemnified Party becomes aware that it has incurred or suffered a Loss.

Appears in 4 contracts

Samples: Stock Subscription Agreement (Jupiter Neurosciences, Inc.), Stock Subscription Agreement (Jupiter Neurosciences, Inc.), Stock Subscription Agreement (Jupiter Neurosciences, Inc.)

Procedures for Indemnification. In the event that an Indemnified Party shall incur or suffer any Losses in respect of which indemnification may be sought under this Article V against the Indemnifying PartyCompany, the Indemnified Party shall assert a claim for indemnification by providing a written notice (the “Notice of Loss”) to the Indemnifying Party Company stating the nature and basis of such indemnification. The Notice of Loss shall be provided to the Indemnifying Party Company as soon as practicable after the Indemnified Party becomes aware that it has incurred or suffered a Loss.

Appears in 1 contract

Samples: Securities Purchase Agreement (Sysorex, Inc.)

Procedures for Indemnification. In the event that an Indemnified Party shall incur or suffer any Losses in respect of which indemnification may be sought under this Article V Section 8 against the Indemnifying Party, the Indemnified Party shall assert a claim for indemnification by providing a written notice (the “Notice of Loss”) to the Indemnifying Party stating the nature and basis of such indemnification. The Notice of Loss shall be provided to the Indemnifying Party as soon as practicable after the Indemnified Party becomes aware that it has incurred or suffered a Loss.

Appears in 1 contract

Samples: SIMPLICITY ESPORTS & GAMING Co

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Procedures for Indemnification. In the event that an Indemnified Party shall incur or suffer any Losses in respect of which indemnification may be sought under this Article V ARTICLE IX against the Indemnifying Party, the Indemnified Party shall assert a claim for indemnification by providing a written notice (the “Notice of Loss”) to the Indemnifying Party stating the nature and basis of such indemnification. The Notice of Loss shall be provided to the Indemnifying Party as soon as practicable after the Indemnified Party becomes aware that it has incurred or suffered a Loss.

Appears in 1 contract

Samples: Release Agreement (FaceBank Group, Inc.)

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