Advances Against Insurance Proceeds. Despite the existence of an Insurance Claim, an Indemnifying Party shall make prompt payment to an Indemnitee, prior to the receipt of any Insurance Proceeds, in the form of an advance against future Insurance Proceeds, of the full amount required to be made pursuant to the indemnification provisions contained in this Agreement and otherwise determined to be due and owing by an Indemnifying Party.
Appears in 3 contracts
Samples: Indemnification & Liability (Loyalty Alliance Enterprise Corp), Indemnification and Insurance Matters Agreement (Lsi Logic Corp), Indemnification and Insurance Matters Agreement (Sunpower Corp)
Advances Against Insurance Proceeds. Despite the existence of an Insurance Claim, an the party with the obligation to indemnify (the “Indemnifying Party Party”) shall make prompt payment to an Indemnitee, prior to the receipt of any Insurance Proceeds, in the form of an advance against future Insurance Proceeds, of the full amount required to be made pursuant to the indemnification provisions contained in this Agreement and otherwise determined to be due and owing by an the Indemnifying Party.
Appears in 1 contract
Samples: Master Contribution and Assumption Agreement (Acxiom Corp)
