CompUSA 2015 Annual Report Download - page 106

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10.5 Third Party Claims .
(a)IntheeventthatanIndemniteereceivesnoticeoftheassertionofanyclaimorthecommencementofanyProceedingbyathirdpartyin
respectofwhichindemnitymaybesoughtundertheprovisionsofthisARTICLE10(a“ThirdPartyClaim”),theIndemniteeshallpromptlynotifytheIndemnitor
inwritingofsuchThirdPartyClaim(“NoticeofClaim”).FailureordelayinnotifyingtheIndemnitorwillnotrelievetheIndemnitorofanyLiabilityitmayhave
totheIndemnitee,exceptandonlytotheextentthatsuchfailureordelayactuallyandmateriallyprejudicesdefensetobeprovidedbytheIndemnitorwithrespect
tosuchThirdPartyClaim.TheNoticeofClaimshallsetforththeamount,ifknown,or,ifnotknown,anestimateoftheforeseeablemaximumamountofclaimed
Damages(whichestimateshallnotbeconclusiveofthefinalamountofsuchDamages)andadescriptionofthebasisforsuchThirdPartyClaim.
(b)SubjecttotheprovisionsofthisSection10.5,theIndemnitorwillhavetendays(orlessifthenatureoftheThirdPartyClaimrequires)
fromthedateonwhichtheIndemnitorreceivedtheNoticeofClaimtonotifytheIndemniteethattheIndemnitorwillassumethedefenseorprosecutionofsuch
ThirdPartyClaimandanylitigation resultingtherefrom atIndemnitor’s solecostandexpensewithcounselreasonablyacceptabletotheIndemnitee(a“Third
PartyDefense”).IftheIndemnitorassumestheThirdPartyDefenseinaccordancewiththeprecedingsentence,theIndemnitorshallbeconclusivelydeemedto
haveacknowledgedthattheThirdPartyClaimiswithinthescopeofitsindemnityobligationhereunderandshallholdtheIndemniteeharmlessfromandagainst
the full amount of any Damages resulting therefrom (subject to the terms and conditions of this Agreement).  Any Indemnitee shall have the right to employ
separatecounselinanysuchThirdPartyDefenseandtoparticipatetherein,butthefeesandexpensesofsuchcounselshallnotbeattheexpenseoftheIndemnitor
unless(A)theIndemnitorshallhavefailed,withinthetimeafterhavingbeennotifiedbytheIndemniteeoftheexistenceoftheThirdPartyClaimasprovidedin
thefirstsentenceofthisparagraph(b),toassumethedefenseofsuchThirdPartyClaim,or(B)theemploymentofsuchcounselhasbeenspecificallyauthorizedin
writingbytheIndemnitor,whichauthorizationshallnotbeunreasonablywithheld.
(c)TheIndemnitorwillnotbeentitledto assumetheThird PartyDefenseif (i)theThirdPartyClaimseeks,inadditiontoorinlieuof
monetarydamages,anyinjunctiveorotherequitablerelief;(ii)theThirdPartyClaimrelatestoorarisesinconnectionwithanycriminalProceeding;(iii)under
applicablestandards ofprofessionalconduct,a conflict onanysignificant issueexistsbetweenthe IndemniteeandtheIndemnitor inrespectofthe ThirdParty
Claim;(iv)theIndemnitorfailedorisfailingtovigorouslyprosecuteordefendsuchThirdPartyClaim;or(v)theIndemnitorfailstoprovidereasonableassurance
totheIndemniteeofitsfinancialcapacitytoprosecutetheThirdPartyDefenseandprovideindemnificationinaccordancewiththeprovisionsofthisAgreement.
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