Common use of Continuing Indemnity Clause in Contracts

Continuing Indemnity. 4.2.1 The indemnity herein shall be a continuing indemnity for the payment of all Indemnified Amounts and shall apply to and secure any ultimate balance thereof due or remaining unpaid to Tarion. The indemnity herein shall not be considered as wholly or partially satisfied by the intermediate payment or satisfaction at any time of all or any part of the Indemnified Amounts. All payments received by Tarion from the Builder or any other person in respect of the Indemnified Amounts shall be applied as payments in gross without any right on the part of the Builder to claim the benefit of any such payments until payment in full of all Indemnified Amounts.

Continuing Indemnity. 4.2.1 The indemnity herein shall be a continuing indemnity for the payment of all Indemnified Amounts and shall apply to and secure any ultimate balance thereof due or remaining unpaid to Tarion. The indemnity herein shall not be considered as wholly or partially satisfied by the intermediate payment or satisfaction at any time of all or any part of the Indemnified Amounts. All payments received by Tarion from the Vendor/Builder or any other person in respect of the Indemnified Amounts shall be applied as payments in gross without any right on the part of the Vendor/Builder to claim the benefit of any such payments until payment in full of all Indemnified Amounts.

Continuing Indemnity. 4.2.1 The indemnity herein shall be a continuing indemnity for the payment of all Indemnified Amounts and shall apply to and secure any ultimate balance thereof due or remaining unpaid to Tarion. The indemnity herein shall not be considered as wholly or partially satisfied by the intermediate payment or satisfaction at any time of all or any part of the Indemnified Amounts. All payments received by Tarion Xxxxxx from the Builder Vendor or any other person in respect of the Indemnified Amounts shall be applied as payments in gross without any right on the part of the Builder Vendor to claim the benefit of any such payments until payment in full of all Indemnified Amounts.

Continuing Indemnity. 4.2.1 The indemnity herein shall be a continuing indemnity for the payment of all Indemnified Amounts and shall apply to and secure any ultimate balance thereof due or remaining unpaid to Tarion. The indemnity herein shall not be considered as wholly or partially satisfied by the intermediate payment or satisfaction at any time of all or any part of the Indemnified Amounts. All payments received by Tarion from the Builder Vendor or any other person in respect of the Indemnified Amounts shall be applied as payments in gross without any right on the part of the Builder Vendor to claim the benefit of any such payments until payment in full of all Indemnified Amounts.