Common use of Final Adjudication Clause in Contracts

Final Adjudication. If indemnification arises as a result ------------------ of a third party claim against the Indemnifying Party, no indemnification shall be made effective pursuant to this Article 7 until such time as the Indemnifying Party shall have been finally adjudicated or otherwise bound to be liable hereunder to such third party.

Appears in 1 contract

Sources: Series H Preferred Stock Purchase Agreement (Avery Communications Inc)

Final Adjudication. If In the event indemnification arises as a result ------------------ of a third party claim against the Indemnifying Party, no indemnification shall be made effective pursuant to this Article 7 6 until such time as the Indemnifying Party shall have been finally adjudicated or otherwise bound to be liable hereunder to such third party.

Appears in 1 contract

Sources: Series D Convertible Preferred Stock Purchase Agreement (Triangle Imaging Group Inc)