Common use of Procedures Related to Indemnification for Other Claims Clause in Contracts

Procedures Related to Indemnification for Other Claims. In the event any indemnified party should have a claim against any indemnifying party under Section 7.1 or 7.2 that does not involve a Third Party Claim being asserted against or sought to be collected from such indemnified party, the indemnified party shall deliver notice of such claim with reasonable promptness to the indemnifying party. The failure by any indemnified party so to notify the indemnifying party shall not relieve the indemnifying party from any liability which it may have to such indemnified party under Section 7.1 or 7.2, except to the extent that the indemnifying party demonstrates that it has been materially prejudiced by such failure.

Appears in 1 contract

Samples: Asset Purchase Agreement (Crdentia Corp)

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Procedures Related to Indemnification for Other Claims. In the event any indemnified party should have a claim against any indemnifying party under Section 7.1 9.01 or 7.2 9.02 that does not involve a Third Party Claim being asserted against or sought to be collected from such indemnified party, the indemnified party shall deliver notice of such claim with reasonable promptness to the indemnifying party. The failure by any indemnified party so to notify the indemnifying party shall not relieve the indemnifying party from any liability which it may have to such indemnified party under Section 7.1 9.01 or 7.29.02, except to the extent that the indemnifying party demonstrates that it has been materially prejudiced by such failure.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ecogen Inc)

Procedures Related to Indemnification for Other Claims. In the event any indemnified party should have a claim against any indemnifying party under Section 7.1 9.01 or 7.2 Section 9.05 that does not involve a Third Party Claim being asserted against or sought to be collected from such indemnified party, the indemnified party shall deliver notice of such claim with reasonable promptness to the indemnifying party. The failure by any indemnified party so to notify the indemnifying party shall not relieve the indemnifying party from any liability which it may have to such indemnified party under Section 7.1 9.01 or 7.2Section 9.05, except to the extent that the indemnifying party demonstrates that it has shall have been materially actually prejudiced by as a result of such failure.

Appears in 1 contract

Samples: Purchase Agreement (Total System Services Inc)

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Procedures Related to Indemnification for Other Claims. (other than Tax Claims under Section 9.01). In the event any indemnified party should have a claim against any indemnifying party under Section 7.1 9.02 or 7.2 9.03 that does not involve a Third Party Claim being asserted against or sought to be collected from such indemnified party, the indemnified party shall deliver notice of such claim with reasonable promptness to the indemnifying party. The failure by any indemnified party so to notify the indemnifying party shall not relieve the indemnifying party from any liability which it may have to such indemnified party under Section 7.1 9.02 or 7.29.03, except to the extent that the indemnifying party demonstrates that it has been materially prejudiced by such failure.

Appears in 1 contract

Samples: Quota Purchase Agreement (Starmedia Network Inc)

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