Examples of Stockholder Indemnifying Party in a sentence
In 2010, the federal Patient Protection and Affordable Care Act (ACA) was enacted to reform the health care system in the United States.
If the Stockholder Indemnifying Party concedes liability in whole or in part, it shall, within twenty (20) business days of such concession, pay the amount of the claim to the Lime Indemnified Party to the extent of the liability conceded.
The Stockholder Indemnifying Party shall keep such Lime Indemnified Party apprised of the status of the claim, liability, or expense and any resulting suit, proceeding or enforcement action, shall furnish such Lime Indemnified Party with all documents and information that such Lime Indemnified Party shall reasonably request, and shall consult with such Lime Indemnified Party prior to acting on major matters, including settlement discussions.
The Action will also stand ready to follow the system and apply it as soon as available.
The Lime Indemnified Party shall provide the Stockholder Indemnifying Party with such further information concerning any such claims as the Stockholder Indemnifying Party may reasonably request by written notice.
The Parent Indemnified Party shall also provide the Stockholder Indemnifying Party with such further information concerning any such claims as the Stockholder Indemnifying Party may reasonably request by written notice.
If any claim is made against or otherwise becomes due from the Stockholder Indemnifying Party pursuant to Section 5.2 in respect of any Losses (a “Loss Payment”), the Stockholder Indemnifying Party will have no rights against the Company, any subsidiary or any director, officer or employee thereof, whether by reason of contribution, indemnification, subrogation or otherwise in respect of that Loss Payment, and shall not take any action against the Company or any such Person with respect thereto.
No such Third Party Claim may be settled by the Stockholder Indemnifying Party without the prior written consent of the Investor Indemnified Parties unless such settlement provides for a full and complete release of the Company and the Investor Indemnified Parties, in respect of such Third Party Claim.
The Investor Indemnified Parties’ claims for indemnification pursuant to Section 5.2(a) and Section 5.2(c) shall be satisfied first from funds withheld or deposited and held in the General Escrow Account pursuant to Section 1.3 and then, to the extent the funds held in the General Escrow Account are insufficient to pay all such claims, from the Stockholder Indemnifying Party up to the Cap (except as provided in the second sentence of Section 5.3).
If such claim, liability, or expense is one that by its nature cannot be defended solely by the Stockholder Indemnifying Party, then such Parent Indemnified Party shall make available all information and assistance that the Stockholder Indemnifying Party may reasonably request and shall cooperate with the Stockholder Indemnifying Party in such defense.