Resolution of Claims. (a) If the indemnifying party does not object to an Indemnification Claim during the 30-day period following receipt of the indemnified party’s notice of its Indemnification Claim, the indemnified party’s Indemnification Claim shall be considered undisputed, and the indemnified party shall be entitled to recover the actual amount of its indemnifiable loss from the indemnifying party, subject to the threshold, if any, in Section 15(a) or (b). (b) If the indemnifying party gives notice to the indemnified party within the 30-day objection period that the indemnifying party objects to the indemnified party’s Indemnification Claim, the indemnifying party and the indemnified party shall attempt in good faith to resolve their differences during the 30-day period following the indemnified party’s receipt of the indemnifying party’s notice of its objection. If they fail to resolve their disagreement during this 30-day period, either of them may unilaterally submit the disputed Indemnification Claim for non-binding arbitration before the American Arbitration Association in Phoenix, Arizona in accordance with its rules for commercial arbitration in effect at the time, which shall be a condition precedent to seeking resolution of the disputed Indemnification Claim before any court of competent jurisdiction. The award of the arbitrator or panel of arbitrators may include attorneys’ fees to the prevailing party. The prevailing party may enforce the award of the arbitrator or panel of arbitrators in any court of competent jurisdiction.
Appears in 7 contracts
Samples: Asset and Franchise Agreement Purchase Agreement (JOINT Corp), Asset and Franchise Purchase Agreement (JOINT Corp), Asset and Franchise Purchase Agreement (JOINT Corp)
Resolution of Claims. (a) If the indemnifying party does not object to an Indemnification Claim indemnification claim during the 30-day period following receipt of the indemnified party’s notice of its Indemnification Claimindemnification claim, the indemnified party’s Indemnification Claim indemnification claim shall be considered undisputed, and the indemnified party shall be entitled to recover the actual amount of its indemnifiable loss from the indemnifying party, subject to the threshold, if any, in Section 15(a) or (b).
(b) If the indemnifying party gives notice to the indemnified party within the 30-day objection period that the indemnifying party objects to the indemnified party’s Indemnification Claimindemnification claim, the indemnifying party and the indemnified party shall attempt in good faith to resolve their differences during the 30-day period following the indemnified party’s receipt of the indemnifying party’s notice of its objection. If they fail to resolve their disagreement during this 30-day period, either of them may unilaterally submit the disputed Indemnification Claim indemnification claim for non-binding arbitration before the American Arbitration Association in Phoenix, Arizona in accordance with its rules for commercial arbitration in effect at the time, which shall be a condition precedent to seeking resolution of the disputed Indemnification Claim indemnification claim before any court of competent jurisdiction. The award of the arbitrator or panel of arbitrators may include attorneys’ fees to the prevailing party. The prevailing party may enforce the award of the arbitrator or panel of arbitrators in any court of competent jurisdiction.
Appears in 5 contracts
Samples: Asset and Franchise Purchase Agreement, Asset and Franchise Purchase Agreement (JOINT Corp), Asset and Franchise Purchase Agreement (JOINT Corp)
Resolution of Claims. (a) If the indemnifying party Indemnifying Party does not object to an Indemnification Claim during the 30-day period following receipt of the indemnified partyIndemnified Party’s notice Notice of its Indemnification Claim, the indemnified partyIndemnified Party’s Indemnification Claim shall be considered undisputed, and the indemnified party Indemnified Party shall be entitled to recover the actual amount of its indemnifiable loss Indemnifiable Loss from the indemnifying partyIndemnifying Party, subject subject, in the case of an Indemnification Claim by Fenix, to the threshold, if any, in Section 15(a) or (b10.3(a).
(b) If the indemnifying party Indemnifying Party gives notice written Notice to the indemnified party Indemnified Party within the 30-day objection period that the indemnifying party Indemnifying Party objects to the indemnified partyIndemnified Party’s Indemnification Claim, the indemnifying party Indemnifying Party and the indemnified party Indemnified Party shall attempt in good faith to resolve their differences during the 30-day period following the indemnified partyIndemnified Party’s receipt of the indemnifying partyIndemnifying Party’s notice Notice of its objection. If they fail to resolve their disagreement during this 30-day period, either of them may unilaterally submit the disputed Indemnification Claim for non-binding arbitration before the American Arbitration Association in PhoenixXxxxxx County, Arizona New York in accordance with its rules for commercial arbitration in effect at the time, which shall be a condition precedent to seeking resolution of the disputed Indemnification Claim before any court of competent jurisdiction. The award of the arbitrator or panel of arbitrators may include attorneys’ fees to the prevailing party. The prevailing party Party may enforce the award of the arbitrator or panel of arbitrators in any court of competent jurisdiction.
Appears in 3 contracts
Samples: Combination Agreement (Fenix Parts, Inc.), Combination Agreement (Fenix Parts, Inc.), Combination Agreement (Fenix Parts, Inc.)
Resolution of Claims. (a) If the indemnifying party does not object to an Indemnification Claim during the 30-day period following receipt of the indemnified party’s notice of its Indemnification Claim, the indemnified party’s Indemnification Claim shall be considered undisputed, and the indemnified party shall be entitled to recover the actual amount of its indemnifiable loss from the indemnifying party, subject to the threshold, if any, in Section 15(a) or (b).
(b) If the indemnifying party gives notice to the indemnified party within the 30-day objection period that the indemnifying party objects to the indemnified party’s Indemnification Claim, the indemnifying party and the indemnified party shall attempt in good faith to resolve their differences during the 30-day period following the indemnified party’s receipt of the indemnifying party’s notice of its objection. If they fail to resolve their disagreement during this 30-day period, either of them may unilaterally submit the disputed Indemnification Claim for non-binding arbitration before the American Arbitration Association in PhoenixSavannah, Arizona Georgia in accordance with its rules for commercial arbitration in effect at the time, which shall be a condition precedent to seeking resolution of the disputed Indemnification Claim before any court of competent jurisdiction. The award of the arbitrator or panel of arbitrators may include attorneys’ fees to the prevailing party. The prevailing party may enforce the award of the arbitrator or panel of arbitrators in any court of competent jurisdiction.
Appears in 2 contracts
Samples: Asset and Franchise Agreement Purchase Agreement (JOINT Corp), Asset and Franchise Agreement Purchase Agreement (JOINT Corp)
Resolution of Claims. (a) If the indemnifying party Indemnifying Party does not object to an Indemnification Claim during the 30-day period following receipt of the indemnified partyIndemnified Party’s notice Notice of its Indemnification Claim, the indemnified partyIndemnified Party’s Indemnification Claim shall be considered undisputed, and the indemnified party Indemnified Party shall be entitled to recover the actual amount of its indemnifiable loss Indemnifiable Loss from the indemnifying partyIndemnifying Party, subject subject, in the case of an Indemnification Claim by F5 Finishes, to the threshold, if any, in Section 15(a) or (b10.3(a).
(b) If the indemnifying party Indemnifying Party gives notice written Notice to the indemnified party Indemnified Party within the 30-day objection period that the indemnifying party Indemnifying Party objects to the indemnified partyIndemnified Party’s Indemnification Claim, the indemnifying party Indemnifying Party and the indemnified party Indemnified Party shall attempt in good faith to resolve their differences during the 30-day period following the indemnified partyIndemnified Party’s receipt of the indemnifying partyIndemnifying Party’s notice Notice of its objection. If they fail to resolve their disagreement during this 30-day period, either of them may unilaterally submit the disputed Indemnification Claim for non-binding arbitration before the American Arbitration Association in PhoenixSanta Xxxxx County, Arizona California in accordance with its rules for commercial arbitration in effect at the time, which shall be a condition precedent to seeking resolution of the disputed Indemnification Claim before any court of competent jurisdiction. The award of the arbitrator or panel of arbitrators may include attorneys’ fees to the prevailing party. The prevailing party Party may enforce the award of the arbitrator or panel of arbitrators in any court of competent jurisdiction.
Appears in 2 contracts
Samples: Combination Agreement (F5 Finishes, Inc), Combination Agreement (F5 Finishes, Inc)
Resolution of Claims. (a) If the indemnifying party does not object to an Indemnification Claim indemnification claim during the 30-day period following receipt of the indemnified party’s notice of its Indemnification Claimindemnification claim, the indemnified party’s Indemnification Claim indemnification claim shall be considered undisputed, and the indemnified party shall be entitled to recover the actual amount of its indemnifiable loss from the indemnifying party, subject to the thresholdThreshold, if any, and the Cap in Section 15(a) or (b).
(b) If the indemnifying party gives notice to the indemnified party within the 30-day objection period that the indemnifying party objects to the indemnified party’s Indemnification Claimindemnification claim, the indemnifying party and the indemnified party shall attempt in good faith to resolve their differences during the 30-day period following the indemnified party’s receipt of the indemnifying party’s notice of its objection. If they fail to resolve their disagreement during this 30-day period, either of them may unilaterally submit the disputed Indemnification Claim indemnification claim for non-binding arbitration before the American Arbitration Association in Phoenix, Arizona in accordance with its rules for commercial arbitration in effect at the time, which shall be a condition precedent to seeking resolution of the disputed Indemnification Claim indemnification claim before any court of competent jurisdiction. The award of the arbitrator or panel of arbitrators may include attorneys’ fees to the prevailing party. The prevailing party may enforce the award of the arbitrator or panel of arbitrators in any court of competent jurisdiction.
Appears in 2 contracts
Samples: Asset and Franchise Purchase Agreement, Asset and Franchise Purchase Agreement (JOINT Corp)
Resolution of Claims. (a) If the indemnifying party does not object to an Indemnification Claim indemnification claim during the 30-day period following receipt of the indemnified party’s notice of its Indemnification Claimindemnification claim, the indemnified party’s Indemnification Claim indemnification claim shall be considered undisputed, and the indemnified party shall be entitled to recover the actual amount of its indemnifiable loss Loss from the indemnifying party, subject to the threshold, if any, in Section 15(a) or (b).
(b) If the indemnifying party gives notice to the indemnified party within the 30-day objection period that the indemnifying party objects to the indemnified party’s Indemnification Claimindemnification claim, the indemnifying party and the indemnified party shall attempt in good faith to resolve their differences during the 30-day period following the indemnified party’s receipt of the indemnifying party’s notice of its objection. If they fail to resolve their disagreement during this 30-day period, either of them may unilaterally submit the disputed Indemnification Claim indemnification claim for non-binding arbitration before the American Arbitration Association in Phoenix, Arizona in accordance with its rules for commercial arbitration in effect at the time, which shall be a condition precedent to seeking resolution of the disputed Indemnification Claim indemnification claim before any court of competent jurisdiction. The award of the arbitrator or panel of arbitrators may include attorneys’ fees to the prevailing party. The prevailing party may enforce the award of the arbitrator or panel of arbitrators in any court of competent jurisdiction.
Appears in 1 contract
Samples: Asset and Franchise Purchase Agreement (JOINT Corp)
Resolution of Claims. (a) If the indemnifying party does not object to an Indemnification Claim indemnification claim during the 30-day period following receipt of the indemnified party’s notice of its Indemnification Claimindemnification claim, the indemnified party’s Indemnification Claim indemnification claim shall be considered undisputed, and the indemnified party shall be entitled to recover the actual amount of its indemnifiable loss from the indemnifying party, subject to the threshold, if any, in Section 15(a14(a) or (b).
(b) If the indemnifying party gives notice to the indemnified party within the 30-day objection period that the indemnifying party objects to the indemnified party’s Indemnification Claimindemnification claim, the indemnifying party and the indemnified party shall attempt in good faith to resolve their differences during the 30-day period following the indemnified party’s receipt of the indemnifying party’s notice of its objection. If they fail to resolve their disagreement during this 30-day period, either of them may unilaterally submit the disputed Indemnification Claim indemnification claim for non-binding arbitration before the American Arbitration Association in Phoenix, Arizona in accordance with its rules for commercial arbitration in effect at the time, which shall be a condition precedent to seeking resolution of the disputed Indemnification Claim indemnification claim before any court of competent jurisdiction. The award of the arbitrator or panel of arbitrators may include attorneys’ fees to the prevailing party. The prevailing party may enforce the award of the arbitrator or panel of arbitrators in any court of competent jurisdiction.
Appears in 1 contract
Samples: Asset and Franchise Purchase Agreement (JOINT Corp)
Resolution of Claims. (a) If the indemnifying party does not object to an Indemnification Claim during the 30-day period following receipt of the indemnified party’s notice of its Indemnification Claim, the indemnified party’s Indemnification Claim shall be considered undisputed, and the indemnified party shall be entitled to recover the actual amount of its indemnifiable loss from the indemnifying party, subject to the threshold, if any, in Section 15(a) or (b).
(b) If the indemnifying party gives notice to the indemnified party within the 30-day objection period that the indemnifying party objects to the indemnified party’s Indemnification Claim, the indemnifying party and the indemnified party shall attempt in good faith to resolve their differences during the 30-day period following the indemnified party’s receipt of the indemnifying party’s notice of its objection. If they fail to resolve their disagreement during this 30-day period, either of them may unilaterally submit the disputed Indemnification Claim for non-binding arbitration before the American Arbitration Association in PhoenixDover, Arizona Delaware in accordance with its rules for commercial arbitration in effect at the time, which shall be a condition precedent to seeking resolution of the disputed Indemnification Claim before any court of competent jurisdiction. The award of the arbitrator or panel of arbitrators may include attorneys’ fees to the prevailing party. The prevailing party may enforce the award of the arbitrator or panel of arbitrators in any court of competent jurisdiction.
Appears in 1 contract
Samples: Asset and Franchise Agreement Purchase Agreement (JOINT Corp)
Resolution of Claims. (a) If the indemnifying party does not object to an Indemnification Claim during the 30-day period following receipt of the indemnified party’s notice of its Indemnification Claim, the indemnified party’s Indemnification Claim shall be considered undisputed, and the indemnified party shall be entitled to recover the actual amount of its indemnifiable loss from the indemnifying party, subject to the threshold, if any, in Section 15(a) or (b).
(b) If the indemnifying party gives notice to the indemnified party within the 30-day objection period that the indemnifying party objects to the indemnified party’s Indemnification Claim, the indemnifying party and the indemnified party shall attempt in good faith to resolve their differences during the 30-day period following the indemnified party’s receipt of the indemnifying party’s notice of its objection. If they fail to resolve their disagreement during this 30-day period, either of them may unilaterally submit the disputed Indemnification Claim for non-binding arbitration before the American Arbitration Association in PhoenixSan Diego County, Arizona California in accordance with its rules for commercial arbitration in effect at the time, which shall be a condition precedent to seeking resolution of the disputed Indemnification Claim before any court of competent jurisdiction. The award of the arbitrator or panel of arbitrators may include attorneys’ fees to the prevailing party. The prevailing party may enforce the award of the arbitrator or panel of arbitrators in any court of competent jurisdiction.
Appears in 1 contract
Samples: Asset and Franchise Purchase Agreement (JOINT Corp)
Resolution of Claims. (a) If the indemnifying party does not object to an Indemnification Claim during the 30-day period following receipt of the indemnified party’s notice of its Indemnification Claim, the indemnified party’s Indemnification Claim shall be considered undisputed, and the indemnified party shall be entitled to recover the actual amount of its indemnifiable loss from the indemnifying party, subject to the threshold, if any, in Section 15(a) or (b).
(b) If the indemnifying party gives notice to the indemnified party within the 30-day objection period that the indemnifying party objects to the indemnified party’s Indemnification Claim, the indemnifying party and the indemnified party shall attempt in good faith to resolve their differences during the 30-day period following the indemnified party’s receipt of the indemnifying party’s notice of its objection. If they fail to resolve their disagreement during this 30-day period, either of them may unilaterally submit the disputed Indemnification Claim for non-binding arbitration before the American Arbitration Association in Phoenix, Arizona in accordance with its rules for commercial arbitration in effect at the time, which shall be a condition precedent to seeking resolution of the disputed Indemnification Claim before any court of competent jurisdiction. The award of the arbitrator or panel of arbitrators may include attorneys’ fees to the prevailing party. The prevailing party may enforce the award of the arbitrator or panel of arbitrators in any court of competent jurisdiction.
Appears in 1 contract