General Indemnification Provisions. (a) The Indemnifying Party shall pay the Indemnified Party immediately available funds on an as-incurred basis for any Losses for which the Indemnified Party is entitled to indemnification hereunder.
Appears in 4 contracts
Samples: Solar Module Supply Agreement, Solar Module Supply Agreement (SolarMax Technology, Inc.), Solar Module Supply Agreement (SolarMax Technology, Inc.)
General Indemnification Provisions. (a) The Indemnifying Party shall pay the Indemnified Party immediately available funds on an as-incurred basis for any Losses for which the Indemnified Party is entitled to indemnification hereunder. Any such indemnification payments shall include interest at the rate of 5% per annum (computed on the basis of a 360-day year) from the date any such Losses are suffered or sustained by the Indemnified Party.
Appears in 4 contracts
Samples: Wafer Supply Agreement, Solar Wafer Supply Agreement (Memc Electronic Materials Inc), Solar Wafer Supply Agreement (Memc Electronic Materials Inc)
General Indemnification Provisions. (a) The Indemnifying Party shall pay the Indemnified Party immediately available funds on an as-incurred basis for any Losses for which the Indemnified Party is entitled to indemnification hereunder. Any such indemnification payments shall include interest at the rate of 5% per annum compounded annually (computed on the basis of a 360-day year) from the date any such Losses are suffered or sustained by the Indemnified Party.
Appears in 2 contracts
Samples: Solar Wafer Supply Agreement (Memc Electronic Materials Inc), Solar Wafer Supply Agreement (Suntech Power Holdings Co., Ltd.)
General Indemnification Provisions. (a) The Indemnifying Party shall pay the Indemnified Party immediately available funds on an as-incurred basis for any Losses for which the Indemnified Party is entitled to indemnification hereunderunder this Article XII. Any such indemnification payments shall include interest at the rate of 5% per annum compounded annually (computed on the basis of a 360-day year) from the date any such Losses are suffered or sustained by the Indemnified Party.
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