Entitlement to payment. In the event an Indemnifying Party elects not to assume control of the defense and settlement of that claim, the Indemnified Party will be entitled to payment by the Indemnifying Party upon the Indemnified Party’s settlement of the claim or the adjudication of liability, whichever first occurs.
Appears in 10 contracts
Samples: Master Agreement (Popular, Inc.), Master Service Agreement (EVERTEC, Inc.), Master Agreement
