Interest on Claims. The amount of any Claim submitted under Section 6.1 shall bear interest from and including the date any indemnified party is required to make payment in respect thereof at the prime lending rate of interest expressed at a rate per annum which Royal Bank of Canada establishes as a reference rate of interest for commercial demand loans in Canadian dollars, 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: Asset Purchase Agreement (Viventia Bio Inc.), Asset Purchase Agreement (Viventia Bio Inc.), Asset Purchase Agreement (Viventia Bio Inc.)
Interest on Claims. The amount of any Claim submitted under Section 6.1 shall bear interest from and including the date any indemnified party the Indemnitee is required to make payment in respect thereof at the prime lending rate of interest expressed at a rate per annum which Royal Bank of Canada establishes as a reference rate of interest for commercial demand loans in Canadian dollars, calculated from and including such date to but excluding the date reimbursement of such Claim by the indemnifying party Indemnitor is made, and the amount of such interest shall be deemed to be part of such Claim.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Tonix Pharmaceuticals Holding Corp.), Asset Purchase Agreement (Tonix Pharmaceuticals Holding Corp.)
