Common use of Uncontested Claims Clause in Contracts

Uncontested Claims. In the event that, within fifteen calendar ------------------ days after a Notice of Claim is received by such Shareholder, such Shareholder does not contest such Notice of Claim in writing to DoveBid (an "Uncontested Claim"), such Shareholder will be conclusively deemed to have consented to the recovery by the DoveBid Indemnitee of the full amount of Damages specified in the Notice of Claim in accordance with this Article VIII, including the offset of any such Damages against the Debt, the Deferred Payments or against amounts owed by DoveBid to such Shareholder pursuant to the Convertible Promissory Notes or otherwise, and, without further notice, to have stipulated to the entry of a final judgment for damages against such Shareholder for such amount in any court having jurisdiction over the matter where venue is proper.

Uncontested Claims. In the event that, within fifteen ------------------ calendar ------------------ days after a Notice of Claim is received by such Shareholderthe Representative, such Shareholder the Representative does not contest such Notice of Claim in writing to DoveBid (an "Uncontested Claim"), such Shareholder the Representative will be conclusively deemed to have consented consented, on behalf of all Shareholders, to the recovery by the DoveBid Indemnitee of the full amount of Damages specified in the Notice of Claim in accordance with this Article VIII, including the offset of any such Damages amount against the Debt, the Deferred Payments Payment or against amounts owed by DoveBid to such Shareholder the Shareholders pursuant to the Convertible Promissory Notes or otherwise, and, without further notice, to have stipulated to the entry of a final judgment for damages against such Shareholder the Shareholders for such amount in any court having jurisdiction over the matter where venue is proper.

Uncontested Claims. In the event that, within fifteen twenty (20) ------------------ calendar ------------------ days after a Notice of Claim is received by such Shareholderthe Representative, such Shareholder the Representative does not contest such Notice of Claim in writing to DoveBid (an "Uncontested Claim"), such Shareholder the Representative will be conclusively deemed to have consented consented, on behalf of all Shareholders, to the recovery by the DoveBid Indemnitee of the full amount of Damages specified in the Notice of Claim in accordance with this Article VIII, including the recovery of any such amount from the Holdback Amount, or the offset of any such Damages against the Debt, the Deferred Payments or amount against amounts owed by DoveBid to such Shareholder the Shareholders pursuant to the Convertible Promissory Notes, the Promissory Notes or otherwise, and, without further notice, to have stipulated to the entry of a final judgment for damages against such Shareholder the Shareholders for such amount in any court having jurisdiction over the matter where venue is proper.

Uncontested Claims. In the event that, within fifteen calendar ------------------ days after a Notice of Claim is received by such Shareholder, such Shareholder does not contest such Notice of Claim in writing to DoveBid (an "Uncontested Claim"), such Shareholder will be conclusively deemed to have consented to the recovery by the DoveBid Indemnitee of the full amount of Damages specified in the Notice of Claim in accordance with this Article VIII, including the offset of any such Damages against the Debt, the Deferred Payments Debt Payment or against amounts owed by DoveBid to such Shareholder pursuant to the Convertible Promissory Notes or otherwise, and, without further notice, to have stipulated to the entry of a final judgment for damages against such Shareholder for such amount in any court having jurisdiction over the matter where venue is proper.

Uncontested Claims. In the event that, within fifteen calendar ------------------ days after a Notice of Claim is received by such ShareholderShareholders, such Shareholder does and Shareholders do not contest such Notice of Claim in writing to DoveBid (an "Uncontested Claim"), such Shareholder Shareholders will be conclusively deemed to have consented to the recovery by the DoveBid Indemnitee of the full amount of Damages specified in the Notice of Claim in accordance with this Article VIII, including the offset of any such Damages against the Debt, the Deferred Payments or against amounts owed by DoveBid to such Shareholder Shareholders pursuant to the Shareholders' Payable, Promissory Notes, Convertible Promissory Notes or otherwise, and, without further notice, to have stipulated to the entry of a final judgment for damages against such Shareholder Shareholders for such amount in any court having jurisdiction over the matter where venue is proper.

Uncontested Claims. In the event that, within fifteen calendar ------------------ days after a Notice of Claim is received by such Shareholderthe Representative, such Shareholder does the Representatives do not contest such Notice of Claim in writing to DoveBid (an "Uncontested Claim"), such Shareholder the Representatives will be conclusively deemed to have consented consented, on behalf of all Shareholders and Beneficiaries, to the recovery by the DoveBid Indemnitee of the full amount of Damages specified in the Notice of Claim in accordance with this Article VIII, including the offset of any such Damages amounts against the Debt, the Deferred Payments or against amounts owed by DoveBid to such Shareholder pursuant to the Convertible Promissory Notes or otherwisePayment, and, without further notice, to have stipulated to the entry of a final judgment for damages against such Shareholder the Shareholders and Beneficiaries for such amount in any court having jurisdiction over the matter where venue is proper. However, Damages shall not be limited to the amounts of the Deferred Payment.