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defense of the claim on behalf of the other VEPO Participant <br />defendants in the event of a lawsuit. <br />It is the intent of the parties to encourage the use of <br />binding arbitration to effectuate the terms of this Agreement <br />whenever possible. Therefore, each VEPO Participant agrees <br />that, as soon as possible after receiving notice of any claim <br />arising out of a VEPO activity, that VEPO Participant will notify <br />all VEPO Participants in writing of the existence of the claim <br />or potential claim. <br />Upon receipt of notice of a claim or potential claim <br />arising out of a VEPO activity from a claimant or another VEPO <br />Participant, each VEPO Participant, which is not self -insured, <br />will notify its insurance carrier of the existence of the claim <br />and of the terms of this Agreement. If the insurance carriers of <br />VEPO Participants and self -insured VEPO Participants agree to <br />submit the issue of the obligation to indemnify under this <br />Agreement to binding arbitration, the parties hereto agree not to <br />object to arbitration. <br />Nothing herein shall be construed as a consent or <br />undertaking on the part of any insured VEPO Participant to pay <br />all or any portion of the costs of arbitration or other costs <br />which it would not otherwise be obligated to pay under its <br />insurance policy in the absence of this Agreement. <br />9. EXECUTION IN COUNTERPARTS <br />This Agreement shall be executed by each VEPO Participant in <br />duplicate originals, each of which shall be considered an <br />original Agreement. This Agreement shall not become effective as <br />7 <br />