Common use of Uncontested Claims Clause in Contracts

Uncontested Claims. If, within 30 days after a Notice of Claim is received by the Representative, the Representative does not contest such Notice of Claim in writing to Parent as provided in Section 10.8(b), the Representative shall be conclusively deemed to have consented, on behalf of all Seller Indemnitors, to the recovery by the Purchaser Indemnitee of the full amount of Losses specified in the Notice of Claim in accordance with this Article 10, and subject to the limitations set forth in this Article 10, including the forfeiture of such amount from the Escrow Funds, and, without further notice, to have stipulated to the entry of a final judgment for damages against the Seller Indemnitors for such amount in any court having jurisdiction over the matter where venue is proper.

Appears in 1 contract

Samples: Agreement and Plan of Merger (SYNAPTICS Inc)

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Uncontested Claims. If, within 30 15 business days after a Notice of Claim is received by the Representative, the Representative does not contest such Notice of Claim in writing to Parent Acquiror as provided in Section 10.8(b12.8(b), the Representative shall be conclusively deemed to have consented, on behalf of all Seller IndemnitorsEffective Time Holders, to the recovery by the Purchaser Indemnitee Acquiror Indemnified Person of the full amount of Losses Damages specified in the Notice of Claim in accordance with this Article 10, and subject to the limitations set forth in this Article 10ARTICLE 12, including the forfeiture of such amount from the Escrow FundsShares, and, without further notice, to have stipulated to the entry of a final judgment for damages against the Seller Indemnitors Effective Time Holders for such amount in any court having jurisdiction over the matter where venue is proper.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Covad Communications Group Inc)

Uncontested Claims. If, within 30 15 business days after a Notice of Claim is received by the Representative, the Representative does not contest such Notice of Claim in writing to Parent Acquiror as provided in Section 10.8(b11.8(b), the Representative shall be conclusively deemed to have consented, on behalf of all Seller IndemnitorsEffective Time Holders, to the recovery by the Purchaser Indemnitee Acquiror Indemnified Person of the full amount of Losses Damages specified in the Notice of Claim in accordance with this Article 10, and subject to the limitations set forth in this Article 1011, including the forfeiture of such amount from the Escrow FundsCash, and, without further notice, to have stipulated to the entry of a final judgment for damages against the Seller Indemnitors Effective Time Holders for such amount in any court having jurisdiction over the matter where venue is proper.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Symantec Corp)

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Uncontested Claims. If, within 30 days after a Notice of Claim is received by the Representative, the Representative does not contest such Notice of Claim in writing to Parent Acquiror as provided in Section 10.8(b12.8(a)(ii), the Representative shall be conclusively deemed to have consented, on behalf of all Seller IndemnitorsEffective Time Holders, to the recovery by the Purchaser Indemnitee Acquiror Indemnified Person of the full amount of Losses Damages (subject to the limits contained in this ARTICLE 12) specified in the Notice of Claim in accordance with this Article 10, and subject to the limitations set forth in this Article 10ARTICLE 12, including the forfeiture of such amount from the Escrow FundsShares, and, without further notice, to have stipulated to the entry of a final judgment for damages against the Seller Indemnitors Effective Time Holders for such amount in any court having jurisdiction over the matter where venue is proper.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Covad Communications Group Inc)

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