Common use of Payment of Indemnification Amounts Clause in Contracts

Payment of Indemnification Amounts. Amounts payable pursuant to Sections 10.1 or 10.2 shall be payable by the Indemnitor as incurred by the Indemnitee, and shall bear interest at the rate of three percent (3.0%) per annum from the date the Losses for which indemnification is sought were incurred by the Indemnitee until the date of payment of indemnification by the Indemnitor.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (District Metals Corp.), Purchase and Sale Agreement (District Metals Corp.), Purchase and Sale Agreement (District Metals Corp.)

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Payment of Indemnification Amounts. Amounts payable pursuant to Sections 10.1 9.1 or 10.2 9.2 shall be payable by the Indemnitor as incurred by the Indemnitee, and shall bear interest at the rate of three percent (3.0%) per annum from the date the Losses for which indemnification is sought were incurred by the Indemnitee until the date of payment of indemnification by the Indemnitor.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (District Metals Corp.), Purchase and Sale Agreement (District Metals Corp.)

Payment of Indemnification Amounts. Amounts payable pursuant by ------------ ---------------------------------- the Indemnitor to the Indemnitee in respect of any Losses and Expenses under Sections 10.1 or 10.2 shall be payable by the Indemnitor as incurred by the Indemnitee, and shall bear interest at the rate of three percent (3.0%) per annum Prime Rate from the date the Losses for which indemnification is sought were incurred of demand by the Indemnitee for indemnification of such Losses and Expenses until the date of payment of indemnification by the Indemnitor.

Appears in 1 contract

Samples: Purchase Agreement (Continental Cablevision Inc)

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Payment of Indemnification Amounts. Amounts payable pursuant by the Indemnitor to the Indemnitee in respect of any Losses and Expenses under Sections 10.1 or 10.2 shall be payable by the Indemnitor as incurred by the Indemnitee, and shall bear interest at the rate of three percent (3.0%) per annum Prime Rate from the date the Losses for which indemnification is sought were incurred of demand by the Indemnitee for indemnification of such Losses and Expenses until the date of payment of indemnification by the Indemnitor.

Appears in 1 contract

Samples: Purchase Agreement (Meredith Corp)

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