Third Party Claim definition

Third Party Claim has the meaning set forth in Section 8.3.

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Third Party Claim has the meaning set forth in Section 7.5(a).

Third Party Claim has the meaning set forth in Section 10.3(a).

Examples of Third Party Claim in a sentence

Any Action by an Indemnified Party on account of a Loss which does not result from a Third-Party Claim (a “Direct Claim”) shall be asserted by the Indemnified Party giving the Indemnifying Party reasonably prompt written notice thereof, but in any event not later than 30 days after the Indemnified Party becomes aware of such Direct Claim.
In such circumstances, the Indemnified Party shall defend any such Third-Party Claim in good faith and have full control of such defense and proceedings; provided, that the Indemnified Party may not enter into any compromise or settlement of such Third-Party Claim if indemnification is to be sought hereunder without the Indemnifying Party’s consent (which consent shall not be unreasonably withheld, conditioned or delayed).
In the event the Indemnified Party has a claim for indemnity under this Article VIII against the Indemnifying Party that does not involve a Third-Party Claim, the Indemnified Party shall give prompt notice in writing of such claim to the Indemnifying Party.
If the Indemnified Party fails to consent to such firm offer within ten days after its receipt of such notice, the Indemnified Party may continue to contest or defend such Third-Party Claim and in such event, the maximum liability of the Indemnifying Party as to such Third-Party Claim shall not exceed the amount of such settlement offer.
Notwithstanding any other provision of this Agreement, the Indemnifying Party shall not enter into settlement of any Third-Party Claim without the prior written consent of the Indemnified Party, except as provided in this Section 7.05(b).

More Definitions of Third Party Claim

Third Party Claim has the meaning set forth in Section 11.4(a).

Third Party Claim shall have the meaning set forth in Section 4.5(a).

Third Party Claim shall have the meaning specified in Section 9.3(a).

Third Party Claim has the meaning set forth in Section 9.5.

Third Party Claim means any claim, action or proceeding made or brought by any person or entity who or which is not a party to this Agreement or an Affiliate of a party to this Agreement.

Third Party Claim shall have the meaning set forth in Section 14.3(a).

Third Party Claim has the meaning set forth in Section 8(d) below.