Examples of Defense Election in a sentence
In addition, the Indemnifying Party will not be required to indemnify the Indemnified Party for any amount paid or payable by such Indemnified Party in the settlement of any claim for which the Indemnifying Party has delivered a timely Defense Election if such amount was agreed to without the written consent of the Indemnifying Party.
If the Indemnifying Party intends to undertake to defend an action or claim against an Indemnified Party, then the Indemnifying Party shall give a written notice (a "Defense Election Notice") to the Indemnified Party of its intention to do so within thirty (30) days of the Indemnification Notice to which such action or claim relates.
In any proceeding under Section 8.7(c)(i)for which AGTC has made an [***] Defense Election, subject to Article X, AGTC shall be solely responsible for any Liabilities incurred and allocable to the [***] Manufacturing Technology if set forth in the judgment awarded in such action and otherwise as mutually agreed by the Parties.
If any Indemnifying Party shall undertake to defend a claim asserted by a person not a party to this Agreement, it shall tender a notice (a "Defense Election Notice") to the Indemnified Party of its intention to do so within ten (10) business days of the Indemnification Notice to which it relates.
If AGTC notifies LICENSEE that it will not make an [***] Defense Election, or if AGTC does not respond within such five (5) day period, LICENSEE shall have the sole right to defend such action, in its own name, and any such defense shall be at LICENSEE’s expense.
Unless and until the Indemnifying Party delivers a Defense Election to the Indemnified Party, the Indemnifying Party shall be liable for the Indemnified Party’s reasonable costs and expenses arising out of the defense, settlement or compromise of any Third Party Claim subject to indemnification hereunder.
If AGTC fails to defend against any such action for which AGTC has made an [***] Defense Election, then AGTC shall provide LICENSEE with sufficient notice to enable LICENSEE to assume the defense of such action, and shall indemnify LICENSEE against any Liabilities arising from AGTC’s failure to provide such timely notice or any action or inaction that prejudices LICENSEE’s ability to defend such action.
Notwithstanding anything herein to the contrary, if the Purchaser does not give a Defense Election Notice within twenty (20) business days of the Indemnification Notice, the Seller shall be free, in its sole discretion, to defend, compromise, or settle the claim for which indemnification is sought, and the Purchaser shall pay all Losses incurred by the Seller arising from or relating to such Losses.
If any Indemnifying Party shall undertake to compromise or defend any such asserted liability, it shall give a notice ("Defense Election Notice") to the Indemnified Party of its intention to do so within thirty (30) business days of the Indemnification Notice to which it relates.
If Indemnitor does not deliver a Defense Election Notice to Indemnitee during the applicable Election Time Period, Indemnitee will have the right to assume responsibility for and control such defense and, without limiting Indemnitor’s obligations under Section 9.1 or 9.2, Indemnitor will reimburse Indemnitee for all costs and expenses and other Damages, including reasonable attorneys’ fees, incurred by Indemnitee in undertaking such defense.