Obligation to Reimburse. A Party providing indemnification under this Agreement (the “Indemnifying Party”) will be obligated to reimburse to a Party being indemnified under this Agreement (the “Indemnified Party”) the amount of any Losses suffered or incurred by the Indemnified Party, as of the date that the Indemnified Party incurs any such Losses, that payment being made without prejudice to the Indemnifying Party’s right to contest the basis of the Indemnified Party’s Claim for indemnification.
Appears in 4 contracts
Samples: Share Purchase Agreement, Share Purchase Agreement, Share Purchase Agreement
Obligation to Reimburse. A The Party providing indemnification under this Agreement hereunder (the “"Indemnifying Party”") will be obligated shall reimburse, on demand, to reimburse to a the Party being indemnified under this Agreement hereunder (the “"Indemnified Party”") the amount of any Losses suffered or incurred by the Indemnified Party, the whole as of the date that the Indemnified Party incurs any such Losses, that together with interest thereon from such date until payment being made without prejudice to in full at the Indemnifying Party’s right to contest the basis of the Indemnified Party’s Claim for indemnificationPrime Rate.
Appears in 1 contract
