Seller Indemnification Claim definition

Seller Indemnification Claim has the meaning set forth in Section 12.1(b).

Seller Indemnification Claim shall have the meaning specified in Section 16.2(d)(i).

Seller Indemnification Claim is defined in Section 5.7(b) hereof.

Examples of Seller Indemnification Claim in a sentence

• The term "Indemnification Claim" shall mean a Buyer Indemnification Claim or a Seller Indemnification Claim, as appropriate.

• For the avoidance of doubt, the parties acknowledge that the Company shall have no liability to a Reinsurer Indemnified Party for any Losses that such Reinsurer Indemnified Party may suffer, sustain or otherwise incur in respect of the outcome or consequences of the Company’s making any such Covered Liability Seller Indemnification Claim on the Reinsurer Indemnified Party’s behalf.

• The parties hereto shall make mutually available to each other all relevant information in their possession relating to such Related Seller Indemnification Claim (except to the extent that such action would result in a loss of attorney-client privilege as to any material matter).

• The parties hereto shall make mutually available to each other all relevant information in their possession relating to any Covered Liability Seller Indemnification Claim (except to the extent that such action would result in a loss of attorney-client privilege as to any material matter).

• Within thirty (30) days following Buyer’s receipt of notice of any Seller Indemnification Claim, Buyer shall notify Seller in writing of such Seller Indemnification Claim.

• The Company shall permit counsel for the Reinsurer Indemnified Party to attend all significant internal meetings and all meetings with Representatives of plaintiffs, hearings and other proceedings relating to such Covered Liability Seller Indemnification Claim.

• However, Seller shall have a right to take over defense of the Seller Indemnification Claim, at Buyer’s sole cost and expense, by delivering written notice to Buyer to that effect.

• The Reinsurer Indemnified Party shall be entitled to participate in such Related Seller Indemnification Claim with internal counsel or with outside counsel (at its own expense) reasonably acceptable to the Company, and the Company shall permit counsel for the Reinsurer Indemnified Party to attend all significant internal meetings and all meetings with Representatives of plaintiffs, hearings and other proceedings.

• The Reinsurer Indemnified Party shall cooperate fully with the Company in the pursuit or settlement of such Related Seller Indemnification Claim.

• Buyer agrees to cooperate with the transition of the defense of the Seller Indemnification Claim to Seller.

More Definitions of Seller Indemnification Claim

Seller Indemnification Claim is defined in Section 10.4(b).

Seller Indemnification Claim shall have the meaning given such term in Section 10.3.