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Affiliates (the "Indemnitors ") in connection with (i) the ownership, operation and management <br /> of their respective Components, or (ii) the performance of their respective obligations under this <br /> Agreement. None of the Parties, nor their Affiliates, shall be liable to any third party by reason <br /> of the sole negligence or willful misconduct of others. Nothing in this Agreement shall be <br /> interpreted as a waiver of immunity by any Party. <br /> 5.2 Procedures for Third - Party Claims. <br /> Promptly after the receipt by any Indemnitee of a notice of any Claim, action, suit <br /> or proceeding by any third party that may be subject to indemnification hereunder, such Party <br /> Indemnitee shall give written notice of such Claim to the Indemnitor, stating the nature and basis <br /> of the Claim and the amount thereof, to the extent known, along with copies of the relevant <br /> documents evidencing the Claim and the basis for indemnification sought. Failure of the <br /> Indemnitee to give such notice shall not relieve the Indemnitor from liability on account of this <br /> indemnification, except if, and to the extent, that the lndemnitor is actually prejudiced thereby. <br /> The Indemnitor shall have the duty and obligation to assume the defense of the Indemnitee <br /> against the Claim. So long as the Indemnitor has assumed the defense of the Claim in <br /> accordance herewith and notified the Indemnitee in writing thereof, (i) the Indemnitee may retain <br /> separate co- counsel at its sole cost and expense and participate in the defense of the Claim, it <br /> being understood the Indemnitor shall pay all costs and expenses of counsel for the Indemnitee <br /> for all periods prior to such time as the Indemnitor has notified the Indemnitee that it has <br /> assumed the defense of the Claim, (ii) the Indemnitee shall not file any papers or consent to the <br /> entry of any judgment or enter into any settlement with respect to the Claim without prior written <br /> consent of the Indemnitor (not to be unreasonably withheld or delayed) and (iii) the Indemnitor <br /> will not consent to the entry of any judgment or enter into any settlement with respect to the <br /> Claim without the prior written consent of the Indemnitee (not to be unreasonably withheld or <br /> delayed). The Parties shall use commercially reasonable efforts to minimize losses from Claims <br /> by third parties and shall act in good faith in responding to, defending against, settling or <br /> otherwise dealing with such Claims. The Parties shall also cooperate in any such defense and <br /> give each other assistance and reasonable access to all information relevant thereto. Such <br /> assistance and cooperation will include providing access to and copies of information, records <br /> Smart OM - Version 2 -12- <br />