Common use of Attempt to Agree Clause in Contracts

Attempt to Agree. The indemnified party and the indemnifying party shall proceed, in good faith, and using reasonable efforts, to agree upon the amount of such Damages. If they are unable to agree on the amount of such Damages within thirty (30) days after giving the notice of such claim, then the provisions of Section 11.4(3) shall become effective.

Appears in 2 contracts

Sources: Stock Exchange Agreement (Serefex Corp), Stock Exchange Agreement (Serefex Corp)