Common use of Interest on Indemnity Claim Clause in Contracts

Interest on Indemnity Claim. To the extent that any party (the “Payee Party”) becomes entitled to recover all or a portion of any Loss under this Article VII, such Payee Party shall be entitled to accrued interest from the indemnifying party (the “Payor Party”) in respect of such Loss accruing from the date that such Payee Party incurred such Loss at an interest rate equal to the Specified Rate until the date such Payor Party actually makes payment to such Payee Party in respect of such Loss.

Interest on Indemnity Claim. To the extent that any party (the “Payee Party”) becomes entitled to recover all or a portion of any Loss or Tax under this Article VIIVII or Article VIII, such Payee Party shall be entitled to accrued interest from the indemnifying party (the “Payor Party”) in respect of such Loss or Tax accruing from the date that such Payee Party incurred such Loss or Tax at an interest rate equal to the Specified Rate LIBOR plus one percent (1%) per annum until the date such Payor Party actually makes payment to such Payee Party in respect of such LossLoss or Tax.

Interest on Indemnity Claim. To the extent that any party (the “"Payee Party”") becomes entitled to recover all or a portion of any Loss under this Article VII, such Payee Party shall be entitled to accrued interest from the indemnifying party (the “"Payor Party”") in respect of such Loss accruing from the date that such Payee Party incurred such Loss at an interest rate equal to the Specified Rate until the date such Payor Party actually makes payment to such Payee Party in respect of such Loss.