Common use of Method of Asserting Claims, Etc Clause in Contracts

Method of Asserting Claims, Etc. The obligations and Liabilities of any party hereto against which indemnification is sought hereunder with respect to claims resulting from the assertion of liability by third parties shall be subject to this Section 7.3. (a) Promptly after receipt by any Indemnified Party of notice of any demand or claim or the commencement of any action, proceeding or investigation (an “Asserted Liability”) that could reasonably be expected to result in Losses, the Indemnified Party shall promptly give written notice thereof (a “Claims Notice”) to the party obligated to provide indemnification pursuant to Section 7.2(a) or Section 7.2