Common use of Manner of Indemnification Clause in Contracts

Manner of Indemnification. All indemnification pursuant to this Section 11 shall be effected upon demand by Buyer or another appropriate member of Buyer Indemnified Group for payment by the Seller Group-Indemnitor to the appropriate member of Buyer Indemnified Group in the appropriate amount and by delivery of cash or a certified or cashier's check in such amount; and thereafter, to the extent that it is ultimately determined or agreed that a member of Buyer Indemnified Group is entitled to indemnification amounts under this Agreement, such amounts shall accrue interest at the rate equal to the lesser of twelve percent (12%) per annum or the maximum interest rate allowed by law, from the date of notice by the member of Buyer Indemnified Group to the Seller Group-Indemnitor of a claim pursuant to this Section 11.

Manner of Indemnification. All indemnification pursuant to this Section 11 hereunder shall be effected upon demand by Buyer the Seller or another appropriate member of Buyer the Seller Indemnified Group for payment by the Seller Buyer Group-Indemnitor to the appropriate member of Buyer the Seller Indemnified Group in the appropriate amount and by delivery of cash or a certified or cashier's check in such amount; and thereafter, to the extent that it is ultimately determined or agreed that a member of Buyer the Seller Indemnified Group is entitled to indemnification amounts under this Agreement, such amounts shall accrue interest at the rate equal to the lesser of twelve percent (12%) per annum or the maximum interest rate allowed by law, from the date of notice by the member of Buyer the Seller Indemnified Group to the Seller Group-Buyer Group- Indemnitor of a claim pursuant to this Section 1112.

Manner of Indemnification. All indemnification pursuant to this Section 11 hereunder shall be effected upon demand by Buyer the Seller or another appropriate member of Buyer the Seller Indemnified Group for payment by the Seller Buyer Group-Indemnitor to the appropriate member of Buyer the Seller Indemnified Group in the appropriate amount and by delivery of cash or a certified or cashier's check in such amount; and thereafter, to the extent that it is ultimately determined or agreed that a member of Buyer the Seller Indemnified Group is entitled to indemnification amounts under this Agreement, such amounts shall accrue interest at the rate equal to the lesser of twelve percent (12%) per annum or the maximum interest rate allowed by law, from the date of notice by the member of Buyer the Seller Indemnified Group to the Seller Buyer Group-Indemnitor of a claim pursuant to this Section 1112.