Third Party Action definition

Third Party Action has the meaning set forth in Section 9.2.

Third Party Action means any suit or proceeding by a person or entity other than a Party for which indemnification may be sought by a Party under Article VI.

Third Party Action means any written assertion of a claim, or the commencement of any action, suit, or proceeding, by a third party as to which any person believes it may be an Indemnified Person hereunder.

Examples of Third Party Action in a sentence

• The Controlling Party shall keep the Non-controlling Party advised of the status of such Third Party Action and the defense thereof and shall consider in good faith recommendations made by the Non-controlling Party with respect thereto.

• The Non-controlling Party shall furnish the Controlling Party with such information as it may have with respect to such Third Party Action (including copies of any summons, complaint or other pleading which may have been served on such party and any written claim, demand, invoice, billing or other document evidencing or asserting the same) and shall otherwise cooperate with and assist the Controlling Party in the defense of such Third Party Action.

• If the Indemnifying Party does not, or is not permitted under the terms hereof to, so assume control of the defense of a Third Party Action, the Indemnified Party shall control such defense.

• The Indemnified Party shall not agree to any settlement of, or the entry of any judgment arising from, any such Third Party Action without the prior written consent of the Indemnifying Party, which shall not be unreasonably withheld, conditioned or delayed.

• The Party defending such Third Party Action shall have the sole and exclusive right to select counsel for such Third Party Action.

More Definitions of Third Party Action

Third Party Action means any claim or action made by a Third Party against a Party that claims that a Licensed Product’s use, Development, manufacture or sale by TGTX or its Sublicensees infringes such Third Party’s intellectual property rights in the Territory.

Third Party Action shall have the meaning assigned to it in Section 14(a) hereof.

Third Party Action means any claim or action made by a Third Party against a Party that claims that a Licensed Product, or its use, Development, manufacture or sale infringes such Third Party’s intellectual property rights.

Third Party Action shall have the meaning ascribed to such term in Section 6.3.

Third Party Action means any Legal Proceeding by a Person other than a Party for which indemnification may be sought by the Purchaser under ARTICLE 6.

Third Party Action is defined in Section 9.1.1.

Third Party Action means any suit or proceeding by a person or entity other than a Party (or an Affiliate thereof) for which indemnification may be sought by a Party under Article VII.