Common use of Payment of Indemnification Obligation Clause in Contracts

Payment of Indemnification Obligation. The Buyer hereby agrees that no claim for indemnification by the Buyer under this Section 9 or under any other provision of this Agreement shall be set off against the Buyer's obligation to make payments under the Promissory Note. 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 2 contracts

Samples: Asset Purchase Agreement (Ascent Pediatrics Inc), Asset Purchase Agreement (Ascent Pediatrics Inc)

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Payment of Indemnification Obligation. The Buyer Seller hereby agrees that no any claim for indemnification by the Buyer under this Section 9 or under any other provision of this Agreement shall not be set off against limited to the Buyer's obligation to make payments under the Promissory NoteTransaction Funds. All indemnification by the Buyer or the Seller hereunder (to the extent not satisfied in the manner specified in the preceding sentence) 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 (Ss&c Technologies Inc)

Payment of Indemnification Obligation. The Buyer Seller hereby agrees that no any claim for indemnification by the Buyer under this Section 9 Article IX or under any other provision of this Agreement shall may, at Buyer's option, be set off against the any of Buyer's obligation obligations to make any remaining payments to Seller under this Agreement, including, without limitation, the Promissory Note. All indemnification by the Buyer or the Seller hereunder shall be effected by payment payments set forth in Section 2.03 of cash or delivery of a cashier's or certified check in the amount of the indemnification liabilitythis Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Alpha Microsystems)

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Payment of Indemnification Obligation. The Buyer Seller hereby agrees ------------------------------------- that no any claim for indemnification by the Buyer under this Section 9 or under any other provision of this Agreement shall may, at the Buyer's option, be set off against the Buyer's obligation to make payments under of the Promissory Notepurchase price set forth in Subsection 1.3. All indemnification by the Buyer or the Seller hereunder (to the extent not satisfied in the manner specified in the preceding sentence) 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 (Nucycle Therapy Inc)

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