Resolution of Asserted Claims Against the Escrow Shares Sample Clauses

Resolution of Asserted Claims Against the Escrow Shares. If, within fifteen (15) business days after Quintiles gives notice to the Escrow Agent and the Shareholders of an asserted claim pursuant to Section 4.1 above that an Indemnitee has incurred Losses, any Shareholder shall fail to notify the Escrow Agent and Quintiles, in writing, that such Shareholder disputes in good faith the right of the Indemnitee to indemnity in respect of the asserted claim,

Resolution of Asserted Claims Against the Escrow Shares. If, within fifteen (15) days after the Purchaser gives notice to the Escrow Agent and the Representative of an asserted claim pursuant to Section 4.1 (iii) above that the Purchaser Indemnitee has incurred actual Damages, the Representative shall fail to notify the Escrow Agent and the Purchaser, in writing, that the Representative reasonably disputes in good faith the right of the Purchaser Indemnitee to indemnity in respect of the asserted claim, then the Escrow Agent, at the expiration of such fifteen (15) day period, shall make immediate payment to the Purchaser, out of the Escrow Shares (taken on a pro rata basis as to each Stockholder in proportion to their initial deposits of Escrow Shares hereunder), of the amount of the asserted claim by delivering to the Purchaser Escrow Certificates representing the number of Escrow Shares having an aggregate value (as certified to the Escrow Agent in accordance with Section 1.4 above) equal to the amount of the claim.