Common use of Resolution of Claim Clause in Contracts

Resolution of Claim. Except in the event that the claim for indemnification is based upon a claim of a third party and Shareholders shall have notified Purchaser as provided in paragraph 8.2 that they will contest the claim, unless Shareholders object to the determination or computation of the total amount of the indemnification shown on the written notice specified in subparagraph 8.2 within 60 days after receipt, the total amount of indemnification shown by notice shall be paid by Shareholders to Purchaser. If Shareholders object to the determination contained in the written notice specified in subparagraph 8.2 within 60 days after receipt, they shall have the right to submit any claim for indemnification not brought by a third party to the American Arbitration Association for binding arbitration in accordance with its rules, and the expenses of the American Arbitration Association shall be borne equally by the parties.

Resolution of Claim. Except in the event that the claim for indemnification is based upon a claim of a third party and Shareholders shareholders shall have notified Purchaser JDI as provided in paragraph 8.2 that they will contest the claim, unless Shareholders shareholders object to the determination or computation of the total amount of the indemnification shown on the written notice specified in subparagraph 8.2 within 60 days after receipt, the total amount of indemnification shown by notice shall be paid by Shareholders shareholders to PurchaserJDI. If Shareholders shareholders object to the determination contained in the written notice specified in subparagraph 8.2 within 60 days after receipt, they shall have the right to submit any claim for indemnification not brought by a third party to the American Arbitration Association for binding arbitration in accordance with its rules, and the expenses of the American Arbitration Association shall be borne equally by the parties.

Resolution of Claim. Except in the event that the claim for indemnification is based upon a claim of a third party and Shareholders NRI shall have notified Purchaser NRI as provided in paragraph 8.2 that they will contest the claim, unless Shareholders shareholders object to the determination or computation of the total amount of the indemnification as shown on the written notice specified in subparagraph 8.2 within 60 days after receipt, the total amount of indemnification shown by notice shall be paid by Shareholders shareholders to PurchaserNRI. If Shareholders object NRI objects to the determination contained in the written notice specified in subparagraph 8.2 within 60 days after receipt, they shall have the right to submit any claim for indemnification not brought by a third party to the American Arbitration Association for binding arbitration in accordance with its rules, and the expenses of the American Arbitration Association shall be borne equally by the parties.

Resolution of Claim. Except in the event that the claim for indemnification is based upon a claim of a third party and Shareholders shareholders shall have notified Purchaser JDI as provided in paragraph 8.2 that they will contest the claim, unless Shareholders shareholders object to the determination or computation of the total amount of the indemnification is shown on the written notice specified in subparagraph 8.2 within 60 days after receipt, the total amount of indemnification shown by notice shall be paid by Shareholders shareholders to PurchaserJDI. If Shareholders shareholders object to the determination contained in the written notice specified in subparagraph 8.2 within 60 days after receipt, they shall have the right to submit any claim for indemnification not brought by a third party to the American Arbitration Association for binding arbitration in accordance with its rules, and the expenses of the American Arbitration Association shall be borne equally by the parties.

Resolution of Claim. Except in the event that the claim for indemnification is based upon a claim of a third party and Shareholders shareholders shall have notified Purchaser as provided in paragraph 8.2 that they it will contest the claim, unless Shareholders shareholders object to the determination or computation of the total amount of the indemnification shown on the written notice specified in subparagraph 8.2 9.2 within 60 days after receipt, the total amount of indemnification shown by notice shall be paid by Shareholders shareholders to Purchaser. If Shareholders shareholders object to the determination contained in the written notice specified in subparagraph 8.2 9.2 within 60 days after receipt, they shall have the right to submit any claim for indemnification not brought by a third party to the American Arbitration Association for binding arbitration in accordance with its rules, and the expenses of the American Arbitration Association shall be borne equally by the parties.