Indemnity Payment Clause Samples

Indemnity Payment. Indemnification payments made pursuant to this Section 6 shall be due in respect of any claim (i) within twenty days after the date on which Seller has been notified by Buyer of such indemnification claim if such claim is not being contested in accordance with Section 6(d) or (ii) within ten Business Days of a Final Determination if such claim is being contested in accordance with Section 6(d).

Indemnity Payment. Any payment required pursuant to this Article VII shall be made promptly (and in any event no later than ten (10) Business Days) following (a) settlement of any claim in accordance with Section 7.4 or (b) entry by a court of competent jurisdiction of a final and non-appealable judgment or order or judgment or order not timely appealed by wire transfer of immediately available funds to such account designated by the Indemnitee in writing at least three (3) Business Days prior to the expiry of such 10-day period.

Indemnity Payment. The amount payable pursuant to subparagraphs 15(a) ------------------ and 15

Indemnity Payment. The amount payable pursuant to subparagraphs 17(a) and 17(b) shall be payable upon demand of Lender accompanied by a statement describing in reasonable detail such loss, liability, injury, claim, expense or tax and setting forth the computation of the amount so payable.

Indemnity Payment. Any indemnity payment under this Agreement shall be treated by the parties hereto as an adjustment to the Purchase Price for Tax purposes.

Indemnity Payment. Any payment made by any Indemnifying Party to any Indemnitee pursuant to this Article VIII shall be made promptly (and in any event no later than ten (10) Business Days) following (a) settlement of any claim in accordance with Section 8.4, or (b) upon entry by a court of competent jurisdiction of a final and non-appealable judgment or order or judgment or order not timely appealed.

Indemnity Payment. Upon the occurrence of any of the events set forth in Section 8.1, SPE unconditionally agrees to pay Lender, upon written demand, the Indemnified Amount.

Indemnity Payment. The amount payable pursuant to subparagraphs 14(a) and 14(b) shall be payable upon demand of the Lessor accompanied by a statement describing in reasonable detail such loss, liability, injury, claim, expense or tax and setting forth the computation of the amount so payable.

Indemnity Payment. After any final decision, judgment, or award shall have been rendered by a Governmental Authority of competent jurisdiction and the expiration of the time in which to appeal therefrom (if the Indemnifying Party is pursuing an appeal), or a Settlement or arbitration shall have been consummated, or the Indemnified Party and the Indemnifying Party shall have arrived at a mutually binding agreement with respect to an Indemnification Claim hereunder, the Indemnified Party shall forward to the Indemnifying Party notice of any sums due and owing by the Indemnifying Party pursuant to this Agreement with respect to such Indemnification Claim and the Indemnifying Party shall make prompt payment thereof pursuant to the terms hereof.