All capitalized terms not defined in this document shall have the meaning ascribed to them in the NACR Sales Agreement.Intellectual Property Infringement Indemnification • August 10th, 2021
Contract Type FiledAugust 10th, 2021Infringement Indemnity. NACR, at NACR’s expense, will defend, indemnify, and hold harmless End User and End User’s owners, officers, directors, and employees (individually and collectively, an “Indemnified Party”) from any third party claim, action, suit, or proceeding against an Indemnified Party (a “Claim”) to the extent that such Claim is based upon an allegation that a Product infringes any right of any third party. NACR will indemnify an Indemnified Party for any judgments, settlements, reasonable costs, and reasonable attorneys’ fees resulting from a Claim. NACR’s obligations under this Section are conditioned upon the following: (i) upon becoming aware of the Claim, an Indemnified Party provides to NACR prompt written notice of the Claim; (ii) an Indemnified Party gives to NACR sole authority and control of the defense and/or settlement of the Claim; provided, however, that NACR shall not enter into any settlement that binds End User in any way without the consent of End User, w
GMT CORPORATIONIntellectual Property Infringement Indemnification • November 30th, 2020
Contract Type FiledNovember 30th, 2020Infringement Indemnity. NACR, at NACR’s expense, will defend, indemnify, and hold harmless End User and End User’s owners, officers, directors, and employees (individually and collectively, an “Indemnified Party”) from any third party claim, action, suit, or proceeding against an Indemnified Party (a “Claim”) to the extent that such Claim is based upon an allegation that a Product infringes any right of any third party. NACR will indemnify an Indemnified Party for any judgments, settlements, reasonable costs, and reasonable attorneys’ fees resulting from a Claim. NACR’s obligations under this Section are conditioned upon the following: (i) upon becoming aware of the Claim, an Indemnified Party provides to NACR prompt written notice of the Claim; (ii) an Indemnified Party gives to NACR sole authority and control of the defense and/or settlement of the Claim; provided, however, that NACR shall not enter into any settlement that binds End User in any way without the consent of End User, w