Examples of Indemnity Demand in a sentence
The Indemnifying Party shall be entitled, at its cost and expense, to contest and defend, by all appropriate legal proceedings, any Claim with respect to which it is called upon to indemnify the Indemnified Party under the provisions of this Agreement; provided that, notice of the intention to so contest shall be delivered by the Indemnifying Party to the Indemnified Party within 20 days from the date of receipt by the Indemnifying Party of the Indemnity Demand.
The Indemnified Party shall notify the Indemnifying Party in writing (the "Indemnity Demand Notice") within thirty (30) days after a claim is presented to the Indemnified Party, and the Indemnifying Party may assume the defense of such claim at its sole expense.
The failure to provide such Indemnity Demand will not affect any rights hereunder except to the extent the Indemnifying Party is materially prejudiced thereby.
The Indemnity Demand shall include a summary of the factual and contractual basis for such claim, and shall include a description of any third-party claim in respect of which indemnification is sought, along with supporting documentation.
The Indemnifying Party shall respond in writing to said indemnity demand sufficiently promptly to enable the Indemnified Party to protect its rights, but not later than twenty (20) Days following the Indemnity Demand, either by accepting its performance obligations hereunder, or setting forth the factual and contractual basis for its refusal, if any, to so perform.
If the Indemnifying Party does not assume the defense of the Indemnified Party or settle such claim within thirty (30) days of the date of the receipt of the Indemnity Demand Notice, the Indemnified Party shall pay the expenses of such defense, and the Indemnified Party may settle or compromise such claim upon prior written notice to the Indemnifying Party without the Indemnifying Party's consent and the Indemnified Party shall be entitled to reimbursement as provided in this Section 12.
The Indemnity Demand will include a summary of the factual and contractual basis for such claim, and will include a description of any third-party claim in respect of which indemnification is sought, along with supporting documentation.
The failure promptly to provide such Indemnity Demand will not affect any rights hereunder except to the extent the Indemnifying Party is materially prejudiced thereby.
If the Indemnifying Party does not assume the defense of the Indemnified Party or settle such claim within thirty (30) days of the date of the receipt of the Indemnity Demand Notice, the Indemnified Party shall pay the expenses of such defense, and the Indemnified Party may settle or compromise such claim upon prior written notice to the Indemnifying Party without the Indemnifying Party's consent and the Indemnified Party shall be entitled to reimbursement as provided in this Section 13.
The Indemnifying Party will respond in writing to said Indemnity Demand sufficiently promptly to enable the Indemnified Party to protect its rights, but not later than twenty (20) business days following the Indemnity Demand, either by accepting its indemnification obligations hereunder, or setting forth the factual and contractual basis for its refusal, if any, to so perform.