Common use of Where no Objection Notice Clause in Contracts

Where no Objection Notice. If the Indemnifying Party does not serve an Objection Notice within the Objection Period, the Indemnifying Party shall be conclusively deemed to have agreed to the matters set forth in the Indemnification Notice issued by the Indemnified Party and must perform all the necessary actions (including the payment of money to the Indemnified Party) so as to make full indemnification of the Loss stated in the Indemnification Notice issued by the Indemnified Party: (a) within 10 (ten) Business Days from expiry of the Objection Period; or (b) if the Loss described in the Indemnification Notice has not or will not actually be incurred or crystallise before that time, on no less than 10 (ten) Business Days’ notice from the Indemnified Party, provided always that such date for payment may not be earlier than the date on which such Loss is actually incurred or otherwise crystallises.

Where no Objection Notice. If the Indemnifying Party does not serve an Objection Notice within the Objection Period, the Indemnifying Party shall be conclusively deemed to have agreed to the matters set forth in the Indemnification Notice issued by the an Indemnified Party and must perform all the necessary actions (including the payment of money to the Indemnified Party) so as to make full indemnification of the Loss stated in the Indemnification Notice issued by to the Indemnified Party: (a) within a further 10 (ten) Business Days from expiry of the Objection Period; or (b) if the Loss described in the Indemnification Notice has not or will not actually be incurred or crystallise before that time, on no less than 10 (ten) Business Days’ Days‟ notice from the Indemnified Party, provided always that such date for payment may not be earlier than the date on which such Loss is actually incurred or otherwise crystallises.