Common use of Written Demand for Indemnification Clause in Contracts

Written Demand for Indemnification. In order to seek indemnification under this §8, a Person entitled to indemnification under §8(b) or §8(c) (an “Indemnified Party”) shall deliver, in good faith, a written demand (an “Indemnification Demand”) to the Seller (in the case of Indemnification Demands from Buyer) or Buyer (in the case of Indemnification Demands from the Seller) which contains (i) a description and the amount (the “Asserted Adverse Consequences Amount”) of any Adverse Consequences incurred or reasonably expected to be incurred by the Indemnified Party, (ii) a statement that the Indemnified Party is entitled to indemnification under this §8 for such Adverse Consequences and a reasonable explanation of the basis therefor, and (iii) a demand for payment in the amount of such Adverse Consequences.

Written Demand for Indemnification. In order to seek indemnification under this §85, a Person entitled to indemnification under §8(b5(b) or §8(c5(c) (an “Indemnified Party”) shall deliver, in good faith, a written demand (an “Indemnification Demand”) to the Seller (in the case of Indemnification Demands from Buyer) or Buyer (in the case of Indemnification Demands from the Seller) which contains (i) a description and the amount (the “Asserted Adverse Consequences Amount”) of any Adverse Consequences incurred or reasonably expected to be incurred by the Indemnified Party, (ii) a statement that the Indemnified Party is entitled to indemnification under this §8 5 for such Adverse Consequences and a reasonable explanation of the basis therefortherefore, and (iii) a demand for payment in the amount of such Adverse Consequences.