Examples of Indemnifiable Claim in a sentence
Within 20 days of notice by the Indemnified Party of any Indemnifiable Loss or potential Indemnifiable Loss arising from an Indemnifiable Claim, the Indemnifying Party shall notify the Indemnified Party whether or not it acknowledges its ob- ligation to indemnify the Indemnified Party for the Indemnifiable Loss or potential Indemni- fiable Loss with respect to such Indemnifiable Claim.
Any Indemnifiable Claim that has not been asserted against the Indemnifying Party in accordance with Section 9.3(a) prior to the end of any applicable limitation period shall be barred and forever waived by the Per- son entitled to assert such claim.
If the Indemni- fying Party disputes its liability with respect to a potential Indemnifiable Claim or the amount thereof (whether or not it desires to defend the Indemnified Party against a third party claim), the parties shall endeavor in good faith to settle such dispute.
Any party seeking indemnification of any Indemnifiable Loss or potential Indemnifiable Loss arising from an Indemnifiable Claim, whether asserted by a party or a third party, shall give written notice thereof to the party from whom indemnifica- tion is sought setting forth in reasonable detail the nature and reasonably estimated amount of, and basis for, such claim to the extent then known.
The Seller Indemnitors shall not be required to indemnify any Person under Section 9.1(d) unless the amount that would be payable by the Seller Indemni- tors with respect to any given Indemnifiable Claim exceeds $400,000.