Interest on Claims. The amount of any Claim submitted under Section 5.1 or Section 5.2 as damages or by way of indemnification shall bear interest from and including the date any Indemnified Party is required to make payment in respect thereof at the Prime Rate calculated from and including such date to but excluding the date reimbursement of such Claim by the Indemnifying Party is made, and the amount of such interest shall be deemed to be part of such Claim.
Appears in 5 contracts
Samples: Asset Purchase and Assumption Reinsurance Agreement (Union Security Insurance Co), Share Purchase Agreement (Amdocs LTD), Share Purchase Agreement (Bea Systems Inc)
Interest on Claims. The amount of any Claim submitted under Section 5.1 7.1 or Section 5.2 7.2 as damages or by way of indemnification shall bear interest from and including the date any Indemnified Party is required to make payment in respect thereof at the Prime Rate calculated from and including such date to but excluding the date reimbursement of such Claim by the Indemnifying Party is made, and the amount of such interest shall be deemed to be part of such Claim.
Appears in 4 contracts
Samples: Share Purchase Agreement, Share Purchase Agreement (Bitzio, Inc.), Share Purchase Agreement
Interest on Claims. The amount of any Claim submitted under Section 5.1 6.1 or Section 5.2 6.2 as damages or by way of indemnification shall bear interest from and including the date any Indemnified Party is required to make payment in respect thereof at the Prime Rate calculated from and including such date to but excluding the date reimbursement of such Claim by the Indemnifying Party is made, and the amount of such interest shall be deemed to be part of such Claim.
Appears in 3 contracts
Samples: Share Purchase Agreement (Moventis Capital, Inc.), Share Purchase Agreement (Hyperion Solutions Corp), Asset Purchase Agreement (Spartech Corp)
Interest on Claims. The amount of any Claim submitted under Section 5.1 7.1 or Section 5.2 7.2 as damages or by way of indemnification shall bear interest from and including the date any Indemnified Party is required to make payment in respect thereof at the Prime Rate calculated from and including such date to but excluding the date reimbursement of such Claim by the Indemnifying Party is made, and the amount of such interest shall be deemed to be part of such Claim.
Appears in 2 contracts
Samples: Share Purchase Agreement (Capital Environmental Resource Inc), Purchase Agreement (Powertrader Inc)
Interest on Claims. The amount of any Claim submitted under Section 5.1 or Section 5.2 6.1 as damages or by way of indemnification shall bear interest from and including the date any Indemnified Party is required to make payment in respect thereof at the Prime Rate calculated from and including such date to but excluding the date reimbursement of such Claim by the Indemnifying Party is made, and the amount of such interest shall be deemed to be part of such Claim.
Appears in 1 contract
Interest on Claims. The amount of any Claim submitted under Section 5.1 5.1, Section 5.2 or Section 5.2 5.3 as damages or by way of indemnification shall bear interest from and including the date any Indemnified Party is required to make payment in respect thereof at the Prime Rate prime rate calculated from and including such date to but excluding the date reimbursement of such Claim by the Indemnifying Party is made, and the amount of such interest shall be deemed to be part of such Claim.
Appears in 1 contract
Interest on Claims. The amount of any Claim submitted under Section 5.1 6.1 or Section 5.2 6.2 as damages or by way of indemnification shall bear interest from and including the date any Indemnified Party is required to make payment in respect thereof at the Prime Rate calculated from and including such date to but excluding the date reimbursement of such Claim by the Indemnifying Party is made, and the amount of such interest shall be deemed to be part of such Claim.
Appears in 1 contract
Samples: Support Agreement (O2diesel Corp)
Interest on Claims. The amount of any Claim submitted under Section 5.1 6.1, 6.2 or Section 5.2 6.3 as damages or by way of indemnification shall bear interest from and including the date any Indemnified Party is required to make payment in respect thereof or the date damages are otherwise incurred by the Indemnified Party at the Prime Rate calculated from and including such date to but excluding the date reimbursement of such Claim by the Indemnifying Party is made, and the amount of such interest shall be deemed to be part of such Claim.
Appears in 1 contract
Interest on Claims. The amount of any Claim submitted under Section 5.1 5.1, Section 5.2, Section 5.3 or Section 5.2 5.4 as damages or by way of indemnification shall bear interest from and including the date any Indemnified Party is required to make payment in respect thereof at the Prime Rate calculated from and including such date to but excluding the date reimbursement of such Claim by the Indemnifying Party is made, and the amount of such interest shall be deemed to be part of such Claim.
Appears in 1 contract
Samples: Share Purchase Agreement (DealerTrack Holdings, Inc.)
Interest on Claims. The amount of any Claim submitted under Section 5.1 8.1 or Section 5.2 8.2 as damages or by way of indemnification shall bear interest from and including the date any Indemnified Party is required to make payment in respect thereof at the Prime Rate calculated from and including such date to but excluding the date reimbursement of such Claim by the Indemnifying Party is made, and the amount of such interest shall be deemed to be part of such Claim.
Appears in 1 contract
Samples: Purchase and Subscription Agreement (Powertrader Inc)
