Common use of Payment of Indemnification Claims Clause in Contracts

Payment of Indemnification Claims. If the Indemnitee asserts an indemnification claim under this Agreement which is not disputed by the Corporation, the amount of such claim shall be paid within fifteen (15) days after the date the Corporation advises the Indemnitee in writing that it does not dispute the asserted indemnification claim(s) of the Indemnitee. If the Indemnitee asserts a claim under this Agreement which is disputed by the Corporation, then the Corporation shall pay to the Indemnitee the amount of the final judgment, award or settlement in respect of such claim within fifteen (15) calendar days after the date of such final judgment, award or settlement.

Payment of Indemnification Claims. If the Indemnitee asserts an indemnification claim under this Agreement which is not disputed by the Corporation, the amount of such claim shall be paid within fifteen (15) days after the date the Corporation advises the Indemnitee in writing that it does not dispute the asserted indemnification claim(s) of the Indemnitee. If the Indemnitee asserts a claim under this Agreement which is disputed by the Corporation, then the Corporation shall pay to the Indemnitee the amount of the final judgment, award or settlement in respect of such claim within fifteen (15I 5) calendar days after the date of such final judgment, award or settlement.