Payment for Losses Sample Clauses
Payment for Losses. If an ATM Manager or Carrier is required, pursuant to an investigation, to compensate Elan for Losses, ATM Manager or Carrier, as applicable, will pay the Losses by check or ACH made payable to Elan within fourteen (14) days of conclusion of the investigation into the matter.
Payment for Losses. An Indemnified Party shall be paid in cash by an Indemnifying Party the amount to which such Indemnified Party may become entitled by reason of the provisions of this Section 20 within five (5) Business Days after the earlier of (i) the date that such amount is determined either by mutual agreement of the such Indemnified Party and the applicable Indemnifying Party and (ii) the date on which such amount and an Indemnifying Party’s obligation to pay such amount have been determined by a final non-appealable judgment of a court or administrative body having jurisdiction over such proceeding; provided that, in the event that Seller shall be obligated to pay any OpCo Purchaser Indemnified Party any amounts in respect of any indemnification claim finally determined pursuant to this Section 20.
Payment for Losses. If and to the extent that any Loss shall arise and be payable pursuant to an order or judgment by a court of proper jurisdiction or written agreement of the Parties then, subject to the limitations set forth in subsection (f) below, the Parties shall pay an Indemnified Party in immediately available funds.
Payment for Losses and other forms of compensation under this Agreement shall be made by reduction and repayment to the Purchasers of the purchase price for the ▇▇▇▇▇ Shares or the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Shares, as the case may be. With respect to the Bodin Sellers, such reduction shall primarily be made by the Purchasers reducing the Promissory Notes by any sum of any such Loss and in the event that the sum of any such Loss exceeds the total amount of the Promissory Notes the Bodin Sellers having received Restricted Shares shall return such number of the Restricted Shares as corresponds to the said excess amount. In calculating the value of each Restricted Share it shall be valued at USD 3 (three). The Purchasers shall be entitled to compensation hereunder only upon agreement with the Sellers or any of them or upon an arbitration award having gained legal force and effect. The Sellers reserve the right to settle any claim with cash payment.
Payment for Losses. If an ATM Manager or Carrier is required, pursuant to an investigation, to compensate Genpass for Losses, ATM Manager or Carrier, as applicable, will pay the Losses by check or ACH made payable to Genpass within fourteen (14) days of conclusion of the investigation into the matter.