PROCEDURE FOR INDEMNIFICATION--OTHER CLAIMS Sample Clauses

The "Procedure for Indemnification--Other Claims" clause outlines the steps that must be followed when a party seeks indemnification for claims that do not involve third-party actions, such as direct losses or damages. Typically, this clause requires the indemnified party to notify the indemnifying party of the claim, provide relevant documentation, and allow the indemnifying party an opportunity to review or contest the claim. By establishing a clear process for handling non-third-party indemnification requests, this clause helps prevent disputes and ensures that both parties understand their rights and obligations regarding compensation for direct losses.
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PROCEDURE FOR INDEMNIFICATION--OTHER CLAIMS. A claim for indemnification for any matter not involving a third-party claim may be asserted by notice to the Party from whom indemnification is sought.
PROCEDURE FOR INDEMNIFICATION--OTHER CLAIMS. A claim for indemnification for any matter not involving a third-party claim may be asserted by notice to the party from whom indemnification is sought.
PROCEDURE FOR INDEMNIFICATION--OTHER CLAIMS. A claim for indemnification for any matter not involving a third-party claim shall be promptly asserted by notice to Seller.
PROCEDURE FOR INDEMNIFICATION--OTHER CLAIMS. A Claim for indemnification for any matter not involving a third-party Claim shall be asserted by a Claim Notice to the Indemnifying Party from whom indemnification is sought as set forth below and must within the Indemnification Time Period: (a) If any Seller or Buyer believes that it has a non-third-party Claim for indemnification pursuant to this Section 6, it shall submit a Claim Notice to the other party. The Claim Notice from the Indemnified Person shall state with particularity the parties to which the Claim relates, the basis for the Claim, together with sufficient facts relating thereto so the Indemnifying Person may reasonably evaluate such Claim, and an estimate of the amount that equals the amount of Liability associated with such Claim. The estimated amount set forth in the Claim Notice shall not be a limitation of the actual amount of the Claim (that is, the Indemnified Person may revise the estimated amount of Liability by notice to the Indemnifying Party and thereafter such revised amount shall become the estimated amount of Liability for all purposes under this Agreement) (for purposes of this Section 6.5, such estimated amount of Liability, as may be revised, shall be referred to as the "Liability Amount"). (b) If the Indemnifying Party disputes either the validity, amount or calculation of the Claim and/or the Liability Amount, the Indemnifying Party shall give written notice of such dispute to the Indemnified Person within thirty (30) days after receipt of the Claim Notice from the Indemnified Person to the Indemnifying Party. If (i) the Indemnifying Party fails to respond to the Claim Notice within thirty (30) days after the delivery to it of the Claim Notice, or (ii) the Indemnifying Party notifies the Indemnified Person in writing that there is no dispute with respect to the Claim and the Liability Amount, then the Indemnified Person shall be entitled to recover from the Indemnifying Party such Liability Amount. If the Indemnifying Party has asserted that the amount of Claim is less than the Liability Amount, then the Indemnifying Party shall notify the Indemnified Person, in writing, of the portion of the Liability Amount that it does not dispute, and the Indemnified Person shall be entitled to recover from the Indemnifying Party the undisputed portion of the Liability Amount thereof, without prejudice to the Indemnifying Party's right to challenge, or the Indemnified Person's right to seek collection of, the disputed portion of the...
PROCEDURE FOR INDEMNIFICATION--OTHER CLAIMS. A claim for indemnification under Sections 11.2, 11.3 or 11.4 (as applicable) for any matter not involving a third-party claim may be asserted by notice to the party from whom indemnification is sought which notice shall set forth in reasonable detail the basis for such claim to the extent their known by such party.
PROCEDURE FOR INDEMNIFICATION--OTHER CLAIMS. A claim for -------------------------------------------- indemnification for any matter not involving a third-party claim may be asserted by notice to the Indemnifying Party.
PROCEDURE FOR INDEMNIFICATION--OTHER CLAIMS. A claim for indemnification for any matter not involving a third-party claim may be asserted by notice to the party from whom indemnification is sought. Any claim for indemnification which may be brought under this Section 10 may be brought until 30 days after expiration of the relevant survival period.
PROCEDURE FOR INDEMNIFICATION--OTHER CLAIMS. In the event a claim for indemnification for any matter does not involve a Third Party Claim, the Indemnified Party shall transmit to the Indemnifying Party a written notice (the “Indemnity Notice”) describing in reasonable detail the nature of the claim, an estimate of the amount of damages attributable to such claim to the extent feasible (which estimate shall not be conclusive of the final amount of such claim) and the basis of the Indemnified Party’s request for indemnification under this Agreement.
PROCEDURE FOR INDEMNIFICATION--OTHER CLAIMS. Subject to the other provisions of this Article VIII, a claim for indemnification for any matter not involving a Third-Party Claim may be asserted by notice to the party from whom indemnification is sought.
PROCEDURE FOR INDEMNIFICATION--OTHER CLAIMS. A claim for indemnification for any matter not involving a third-party claim covered by Section 15.7. hereof may be asserted by the Indemnitee promptly giving notice to the Indemnitor requesting indemnification and stating in reasonable detail the nature of such matter and the amount of Losses claimed therefor. The Indemnitor shall have fifteen (15) calendar days after receiving such notice to respond. If the Indemnitor accepts responsibility or does not respond within such 15 day period, the Indemnitor shall pay the Indemnitee the full amount of the claim within ten (10) Business Days after responsibility therefor is so determined. If the Indemnitor rejects the claim for indemnification, and the dispute is not resolved by the Indemnitor and Indemnitee within fifteen (15) calendar days, the parties may pursue any legal or equitable remedy available to them to resolve the same. If it is determined that the Indemnitor is liable for the claim, it shall pay the Indemnitee the full amount of the claim within ten (10) Business Days after responsibility therefor is so determined.