Common use of Payment of Indemnification Obligation Clause in Contracts

Payment of Indemnification Obligation. All indemnification by the Buyer or the Seller hereunder shall be effected by payment of cash or delivery of a cashier's or certified check in the amount of the indemnification liability.

Appears in 4 contracts

Samples: Membership Interest Purchase Agreement (Great American Food Chain, Inc.), Asset Purchase Agreement (Xyvision Inc), Asset Purchase Agreement (Choices Entertainment Corp)

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Payment of Indemnification Obligation. All indemnification by the Buyer Buyer, the Seller or the Seller Principal hereunder shall be effected by payment of cash or delivery of a cashier's or certified check in the amount of the indemnification liability.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Trans World Entertainment Corp), Asset Purchase Agreement (West Coast Entertainment Corp), Asset Purchase Agreement (West Coast Entertainment Corp)

Payment of Indemnification Obligation. All indemnification by the Buyer Buyer, the Sellers or the Seller Principals hereunder shall be effected by payment of cash or delivery of a cashier's or certified check in the amount of the indemnification liability; provided that the Buyer shall have the right to offset against amounts due from Buyer under the Instrument any amounts due to Buyer hereunder.

Appears in 2 contracts

Samples: Asset Purchase Agreement (West Coast Entertainment Corp), Asset Purchase Agreement (West Coast Entertainment Corp)

Payment of Indemnification Obligation. All indemnification by the Buyer or the Seller Sellers hereunder shall be effected by payment of cash or delivery of a cashier's or certified check in the amount of the indemnification liability.

Appears in 1 contract

Samples: Asset Purchase Agreement (Interstate Hotels Corp)

Payment of Indemnification Obligation. All indemnification by the Buyer Purchaser or the Seller hereunder shall be effected by payment of cash or delivery of a cashier's or certified check in the amount of the indemnification liability.

Appears in 1 contract

Samples: Asset Purchase Agreement (Microtel International Inc)

Payment of Indemnification Obligation. All indemnification by the Buyer Purchaser or the ------------------------------------- Seller hereunder shall be effected by payment of cash or delivery of a cashier's or certified check in the amount of the indemnification liability.

Appears in 1 contract

Samples: Asset Purchase Agreement (Satcon Technology Corp)

Payment of Indemnification Obligation. All indemnification by the Buyer or the Seller Recipient hereunder shall be effected by payment of cash or delivery of a cashier's or certified check in the amount of the indemnification liability.

Appears in 1 contract

Samples: Merger Agreement (Wescorp Energy Inc)

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Payment of Indemnification Obligation. All indemnification by the Buyer or the Seller hereunder shall be effected by payment of cash or delivery of a cashier's or certified check in the amount of the indemnification liabilityLiability. Any indemnification payment by a Seller to Buyer hereunder shall be deemed to be a reduction in the Purchase Price.

Appears in 1 contract

Samples: Purchase Agreement (Integra Lifesciences Holdings Corp)

Payment of Indemnification Obligation. All indemnification by the Buyer or the Seller hereunder shall be effected by payment of cash or delivery of a cashier's or certified check or wire transfer in the amount of the indemnification liability.

Appears in 1 contract

Samples: Asset Purchase Agreement (Lernout & Hauspie Speech Products Nv)

Payment of Indemnification Obligation. All indemnification by the Buyer or the Seller Company hereunder shall be effected by payment of cash or delivery of a cashier's or certified check in the amount of the indemnification liability.

Appears in 1 contract

Samples: Purchase Agreement (Penwest Pharmaceuticals Co)

Payment of Indemnification Obligation. All indemnification by the Buyer or the Seller hereunder shall be effected by payment of cash or delivery of a cashier's or certified check in the amount of the indemnification liability.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bitstream Inc)

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