Common use of Indemnification Amounts Payable by Seller Parties Clause in Contracts

Indemnification Amounts Payable by Seller Parties. 55 A. Subject to the limitations of this Article VIII, and other than with respect to any Fundamental Representations and a claim for Fraud, any indemnification of a Buyer Indemnified Party pursuant to Section 8.1(a)(i) shall be recovered from Seller Parties, jointly and severally, paid in accordance with Section 8.4(a)(i)(B) until such Damages have been paid in full. B. All indemnification amounts payable to the Buyer Indemnified Parties shall be paid within ten (10) days after the determination thereof in accordance with the procedures in Section 8.6 by wire transfer of immediately available funds from Seller Parties to an account designated by Bxxxx

Appears in 3 contracts

Samples: Membership Interest Purchase Agreement (Wellgistics Health, Inc.), Membership Interest Purchase Agreement (Danam Health, Inc), Membership Interest Purchase Agreement (Danam Health, Inc)

AutoNDA by SimpleDocs

Indemnification Amounts Payable by Seller Parties. 55​ ​ A. Subject to the limitations of this Article VIII, and other than with respect to any Fundamental Representations and a claim for Fraud, any indemnification of a Buyer Indemnified Party pursuant to Section 8.1(a)(i) shall be recovered from Seller Parties, jointly and severally, paid in accordance with Section 8.4(a)(i)(B) until such Damages have been paid in full.. ​ B. All indemnification amounts payable to the Buyer Indemnified Parties shall be paid within ten (10) days after the determination thereof in accordance with the procedures in Section 8.6 by wire transfer of immediately available funds from Seller Parties to an account designated by BxxxxXxxxx

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Assure Holdings Corp.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!