Notice to Contest definition
Examples of Notice to Contest in a sentence
Upon receipt of the Notice to Contest, MidAmerican shall request a legal opinion from counsel (selected by MidAmerican) of the likelihood of success in contesting the Proposed Adjustments set forth in the Notice of Adjustment, unless MidAmerican in its sole discretion determines the likelihood of success is probable and a legal opinion is not necessary.
The Third Party Claim may be settled or compromised on such basis unless within twenty (20) days of the receipt of the Notice of Settlement the Indemnifying Party receives a notice from the Indemnified Party of its desire to continue to contest the matter (the "Notice to Contest"), and, in such case the Indemnified Party shall assume all responsibility for the defense of such claim.
Except for such obligation for the excess of the lesser proposed settlement amount acknowledged in a Notice to Contest, the giving of or failure to give a Notice to Contest by any party shall not be construed or implied as an acknowledgment by such party of an obligation for indemnification under this Article 7.
For an Indemnifying Party's Notice to Contest to be effective, it must also state that the Indemnifying Party acknowledges and agrees that it shall be obligated to indemnify the Indemnitee for any amount in excess of the lesser proposed settlement amount as described in sub-paragraph (iii) above.
The Notice to Contest shall explain why the alleged actions described in the Notice to Cure do not constitute Restricted Actions.
The Company shall assess the validity of the Notice to Contest in good faith and send written notice to you of the Company’s determination (the “Determination Notice”) within thirty (30) days from the Company’s receipt of the Notice to Contest.