Common use of Obligation to Reimburse Clause in Contracts

Obligation to Reimburse. The amount of any Damages suffered or incurred by a party being indemnified hereunder (the "INDEMNIFIED PARTY") shall accrue interest at a rate per annum equal to the Prime Rate, plus two percent from the date it is determined that the Indemnified Party incurs any such Damages until payment in full by the Party providing for indemnification hereunder (the "INDEMNIFYING PARTY").

Obligation to Reimburse. The amount of any Damages suffered or incurred by a party being indemnified hereunder (the "INDEMNIFIED PARTY") shall accrue interest at a rate per annum equal to the Prime Rate, plus two percent of 8% from the date it is determined that the Indemnified Party incurs any such Damages until payment in full by the Party providing for indemnification hereunder (the "INDEMNIFYING PARTY").

Obligation to Reimburse. The amount of any Damages suffered or incurred by a party being indemnified hereunder (the "INDEMNIFIED PARTYPARTY ") shall accrue interest at a rate per annum equal to the Prime Rate, plus two percent prime rate + 1% as announced by Royal Bank of Canada from the date it is determined that the Indemnified Party incurs any such Damages until payment in full by the Party providing for indemnification hereunder (the "INDEMNIFYING PARTY").

Obligation to Reimburse. The amount of any Damages suffered or incurred by a party Party being indemnified hereunder (the "INDEMNIFIED PARTYIndemnified Party") shall accrue interest at a rate per annum equal to the Prime RateRate plus 3%, plus two percent compounded annually, from the date it is determined that the Indemnified Party incurs first incurred any such Damages until payment in full by the Party providing for indemnification hereunder (the "INDEMNIFYING PARTYIndemnifying Party").