Third Party Indemnifying Party definition

Third Party Indemnifying Party shall have the meaning set forth in Section 5.02(b) of this Agreement.

Third Party Indemnifying Party shall have the meaning set forth in Section 5.03(b).

Third Party Indemnifying Party has the meaning set forth in Section 12.6.

Examples of Third Party Indemnifying Party in a sentence

• The Third Party Indemnified Party shall have the right to settle or compromise any Action against it, and recover from the Third Party Indemnifying Party any amount paid in settlement or compromise thereof, if it has given written notice thereof to the Third Party Indemnifying Party and the Third Party Indemnifying Party has failed to take timely action to defend the Action; otherwise, the Third Party Indemnified Party shall have no right to settle or compromise any Action.

• The Third Party Indemnifying Party shall have the right to assume the defense of any Action with one law firm reasonably acceptable to the Third Party Indemnified Party upon delivery of notice to that effect to the Third Party Indemnified Party.

• Failure to provide notice shall not relieve the Third Party Indemnifying Party of its obligations under this Section 5.7, except to the extent of any actual damage caused by that failure.

• Failure to provide notice shall not relieve the Third Party Indemnifying Party of its obligations under this Section 5.6, except to the extent of any actual damage caused by that failure.

More Definitions of Third Party Indemnifying Party

Third Party Indemnifying Party has the meaning set forth in Section 4.02(b).