Claims for Reduction of the Deferred Payment Sample Clauses

Claims for Reduction of the Deferred Payment. Parent shall be entitled to reduce the amount of the Deferred Payment by an amount equal to the amount of the indemnity payment stated in the Indemnification Notice to be made in respect the Losses described in the Indemnification Notice; provided, however, that, to the extent the Indemnification Notice states only the basis for anticipated Losses, the Deferred Payment shall not be so reduced until such Losses are actually paid, incurred or sustained as specified in a further Indemnification Notice. If the Unitholder Representative does not object to an Indemnification Notice in writing within the 30-day period set forth in Section 8.4(c) after delivery by Parent of an Indemnification Notice, such failure to so object shall constitute an irrevocable acknowledgment by the Unitholder Representative, on behalf of all holders of Company Units, that the Parent Indemnified Party is entitled to the full amount of the claim for Losses set forth in such Indemnification Notice; provided, however, that to the extent an Indemnification Notice states only the basis for anticipated Losses, no amount shall be distributed until such Losses are actually paid, incurred or sustained (notwithstanding the Unitholder Representative’s failure to object in writing).