Notification of Claims. In order that the indemnification provisions contained in this Section shall apply, upon the assertion of a claim for which either party may be required to indemnify the other, the party seeking indemnification shall promptly notify the other party of such assertion, and shall keep the other party advised with respect to all developments concerning such claim. Notwithstanding the foregoing, the failure of the indemnitee to timely notify the indemnitor shall not relieve the indemnitor of its indemnification obligations hereunder except to the extent that the indemnitor is materially prejudiced by such failure.
Appears in 22 contracts
Sources: Etf Fund Services Agreement (Northern Lights Fund Trust Ii), Etf Fund Services Agreement (Northern Lights Fund Trust), Fund Services Agreement (Northern Lights Fund Trust IV)