Provisions Relating to Indemnity Claims. 8.3.1 Promptly after becoming aware of any matter that may give rise to a claim by the Assignee for indemnification by the Assignor pursuant to Section 8.1 or a claim by the Assignor for indemnification by the Assignee pursuant to Section 8.2, (an "Indemnity Claim"), the party making the claim (the "Indemnitee") will provide to the other party (the "Indemnitor") written notice of the Indemnity Claim specifying (to the extent that information is available) the factual basis for the Indemnity Claim and the amount of the Indemnity Claim (the "Damages") or, if Damages are not then determinable, an estimate of the amount of Damages, if an estimate is feasible in the circumstances.
Appears in 3 contracts
Samples: Intellectual Property Assignment Agreement, Escrow Agreement (Loop Industries, Inc.), Intellectual Property Assignment Agreement (First American Group Inc.)
Provisions Relating to Indemnity Claims. 8.3.1 Promptly after becoming aware of any matter that may give rise to a claim by the Assignee for indemnification by the Assignor pursuant to Section 8.1 or a claim by the Assignor for indemnification by the Assignee pursuant to Section 8.2, (an "“Indemnity Claim"”), the party making the claim (the "“Indemnitee"”) will provide to the other party (the "“Indemnitor"”) written notice of the Indemnity Claim specifying (to the extent that information is available) the factual basis for the Indemnity Claim and the amount of the Indemnity Claim (the "“Damages"”) or, if Damages are not then determinable, an estimate of the amount of Damages, if an estimate is feasible in the circumstances.
Appears in 1 contract
Samples: Intellectual Property Assignment Agreement (Loop Industries, Inc.)
