Payment of Indemnified Amounts. Each Indemnified Person shall provide written, detailed statements to the Indemnifying Party on a monthly basis, of any expenses, costs or other liabilities for which indemnification is claimed. The Indemnifying Party shall reimburse such amounts within ten Business Days of receiving any such statement, or shall notify in writing the Indemnified Person claiming indemnification if it denies liability, and provide the reasons for the denial.
Appears in 15 contracts
Samples: Administrative Services Agreement (Montpelier Re Holdings LTD), Administrative Services Agreement (Blue Capital Reinsurance Holdings Ltd.), Underwriting and Insurance Management Agreement (Montpelier Re Holdings LTD)
Payment of Indemnified Amounts. Each Indemnified Person shall provide written, detailed statements to the Indemnifying Party on a monthly basis, of any expenses, costs or other liabilities for which indemnification is claimed. The Indemnifying Party shall reimburse such amounts within ten Business Days twenty (20) days of receiving any such statement, or shall notify in writing the Indemnified Person claiming indemnification if it denies liability, and provide the reasons for the denial.
Appears in 1 contract
Samples: Underwriting Advisory Agreement (OXBRIDGE RE HOLDINGS LTD)
