Claims and Payment; Treatment of Payments. On each occasion that any Indemnified Party shall be entitled to indemnification under this Article IX, the Insurer shall, at each such time, promptly pay the amount of such indemnification within ten (10) Business Days following receipt of an invoice for out-of-pocket expense, fees or other amounts for which it is liable under this Article IX. Any indemnification payments made pursuant to this Agreement shall be treated for tax purposes as an adjustment to the Final Premium, unless otherwise required by applicable Law.
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Samples: Definitive Transaction Framework Agreement (General Motors Co), Transaction Framework Agreement (General Motors Co), Definitive Transaction Framework Agreement (General Motors Co)
Claims and Payment; Treatment of Payments. On each occasion that any Company Indemnified Party shall will be entitled to indemnification under this Article IXVII, the Insurer shallwill, at each such time, promptly pay the amount of such indemnification within ten (10) Business Days following receipt of an invoice for out-of-of- pocket expense, fees or other amounts for which it is liable under this Article IX. Any indemnification payments made pursuant to this Agreement shall be treated for tax purposes as an adjustment to the Final Premium, unless otherwise required by applicable LawVII.
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