Common use of Third Party Claims or Actions Clause in Contracts

Third Party Claims or Actions. In the event any claim, action, suit or proceeding is made or brought by any third party against a party indemnified hereunder, with respect to which the Indemnifying Party may have liability hereunder, the Indemnifying Party shall be entitled to participate in, and, to the extent that it shall wish, to assume the defense, with independent counsel reasonably satisfactory to the Indemnified Party.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (NXT-Id, Inc.), Membership Interest Purchase Agreement (NXT-Id, Inc.)

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Third Party Claims or Actions. (i) In the event any claim, action, suit or proceeding Action is made or brought by any third party against a party an indemnified hereunderparty, with respect to which the Indemnifying Party an indemnifying party may have liability hereunderunder this Agreement, the Indemnifying Party indemnifying party shall be entitled to participate in, and, to the extent that it shall wish, to assume the defensedefense thereof, with independent counsel reasonably satisfactory to the Indemnified Partysuch indemnified party.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Kings Road Entertainment Inc), Stock Purchase Agreement (Fuqua Enterprises Inc)

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Third Party Claims or Actions. (i) In the event any claim, action, suit or proceeding Action is made or brought ----------------------------- by any third party against a party an indemnified hereunderparty, with respect to which the Indemnifying Party an indemnifying party may have liability hereunderunder this Agreement, the Indemnifying Party indemnifying party shall be entitled to participate in, and, to the extent that it shall wish, to assume the defensedefense thereof, with independent counsel reasonably satisfactory to the Indemnified Partysuch indemnified party.

Appears in 1 contract

Samples: Stock Purchase Agreement (Quadrax Corp)

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