Common use of Method and Manner of Paying Claims Clause in Contracts

Method and Manner of Paying Claims. With respect to any liquidated Claim or other claim that has been the subject of a notice under Section 9.3(a) above, if within (30) thirty days after the receipt of written notice thereof under Section 9.3(a) hereof the Indemnifying Party has not contested such Claim in writing, the Indemnifying Party will pay the full amount thereof within ten (10) days after the expiration of such period. Any amount owed by an Indemnifying Party hereunder with respect to any Claim may be set-off by the Indemnified Party against any amounts owed by the Indemnified Party to any Indemnifying Party.

Appears in 2 contracts

Samples: Equity Purchase Agreement (Portola Packaging Inc), Equity Purchase Agreement (Portola Packaging Inc)

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Method and Manner of Paying Claims. In the event of any claims under ------ --- ------ -- ------ ------ this Article 9, the claimant shall advise the party or parties who are required to provide indemnification therefor in writing of the amount and circumstances surrounding such claim. With respect to any liquidated Claim or other claim that has been the subject of a notice under Section 9.3(a) aboveclaims, if within thirty (30) thirty days after the receipt of written notice thereof under Section 9.3(a) hereof the Indemnifying Party other party has not contested such Claim claim in writing, the Indemnifying Party other party will pay the full amount thereof within ten (10) days after the expiration of such period. Any amount owed by an Indemnifying Party hereunder with respect to any Claim may be set-off by the Indemnified Party against any amounts owed by the Indemnified Party to any Indemnifying Party.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Ameritruck Distribution Corp), Stock Purchase Agreement (Ameritruck Distribution Corp)

Method and Manner of Paying Claims. (a) In the event of any Claims under this Section 12, the claimant shall advise the party or parties who are required to provide indemnification therefor in writing of the amount and circumstances surrounding such claim. With respect to any liquidated Claim or other claim that has been the subject of a notice under Section 9.3(a) aboveclaims, if within (30) thirty days after the receipt of written notice thereof under Section 9.3(a) hereof the Indemnifying Party other party has not contested such Claim claim in writing, the Indemnifying Party other party will pay the full amount thereof within ten (10) days after the expiration of such period. Any amount owed by an Indemnifying Party hereunder with respect to any Claim may be set-off by the Indemnified Party against any amounts owed by the Indemnified Party to any Indemnifying Party.

Appears in 1 contract

Samples: Stock Purchase Agreement (High Voltage Engineering Corp)

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Method and Manner of Paying Claims. With respect to any liquidated Claim or other claim Claim that has been the subject of a notice under Section 9.3(a12.3(a) abovehereof, if within (30) thirty days after the receipt of written such notice thereof under Section 9.3(a) hereof the Indemnifying Party has not contested such Claim in writing, the Indemnifying Party will pay the full amount thereof within ten (10) days after the expiration of such period. Any amount owed by an Indemnifying Party hereunder with respect to any Claim may be set-off by the Indemnified Party against any amounts owed by the Indemnified Party to any Indemnifying Party.

Appears in 1 contract

Samples: Stock Purchase Agreement (Portola Packaging Inc)

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