Payment of Indemnification Obligations. (a) Damages shall be due and owing when finally judicially determined to be covered by the indemnities set forth in Article 5 hereof or otherwise as mutually agreed among the parties hereto. The Indemnitor shall, within two (2) business days following receipt of written demand by the Indemnitee, pay the Indemnitee or at the Indemnitee's direction in immediately available funds any and all Damages then due and owing.
Appears in 2 contracts
Samples: Purchase Agreement (China Direct Trading Corp), Purchase Agreement (China Direct Trading Corp)
Payment of Indemnification Obligations. (a) Damages shall be due and owing when finally judicially determined to be covered by the indemnities set forth in Article 5 hereof or otherwise as mutually agreed among the parties hereto. The Indemnitor shall, within two ten (210) business days following receipt of written demand by the Indemnitee, pay the Indemnitee or at the Indemnitee's ’s direction in immediately available funds any and all Damages then due and owing.
Appears in 2 contracts
Samples: Purchase Agreement, Purchase Agreement (Polarityte, Inc.)
Payment of Indemnification Obligations. (a) Damages shall be due and owing when finally judicially determined to be covered by the indemnities set forth in Article 5 hereof or otherwise as mutually agreed among the parties hereto. The Indemnitor shall, within two (2) business days following receipt of written demand by the Indemnitee, pay the Indemnitee or at the Indemnitee's direction in immediately available funds any and all Damages then due and owing.
Appears in 1 contract
Samples: Asset Purchase Agreement (Diversified Health & Fitness Inc)
