Payment of Indemnities. Unless the Operative Documents provide otherwise, any payment of Supplemental Rent constituting indemnity payments shall be due and payable within ten days of demand and compliance by the Lessor and Agent with any notice or other requirements, if any, they are to satisfy in accordance with the provision that gives rise to the indemnity obligation.
Payment of Indemnities. Where a Party is entitled to payment from the other Party pursuant to this Article 17, such Party will promptly notify the other Party of the same. The other Party will make payment against the same within 30 (thirty) days from the date of receipt of such notice.
Payment of Indemnities. 65 ARTICLE XII LEASE EVENTS OF DEFAULT; REMEDIES..................................................... 65
Payment of Indemnities. Except with respect to a Third-Party Claim that is directly settled by the Indemnifying Party, the obligation to indemnify shall become due:
Payment of Indemnities. ABB shall cause the relevant Seller(s) of Shares or Loans, or of Additional Business Assets or Additional Business Liabilities, to make all payments, if any, pursuant to any indemnity given by ABB in this Agreement (including but not limited to the indemnities given by ABB in Section 7.9(g) and Article 10).
Payment of Indemnities. Once the consequences of the covered event/claim have been verified and the existence of coverage by this contract has occurred, and if all other conditions for payment are met, the Insurer will proceed to pay the indemnities or instalments agreed upon in the Conditions, for the contracted coverages.
Payment of Indemnities. Once the consequences of the covered event/claim have been verified and the existence of coverage by this contract has occurred, and if all other conditions for payment are met, the Insurer will proceed to pay the indemnities or instalments agreed upon in the Conditions, for the contracted coverages. Chubb European Group SE, insurance company with head office at La Tour Carpe Diem, 00 Xxxxx xxx Xxxxxxxx, Xxxxxxxxx Xxxx, 00000 Xxxxxxxxxx, Xxxxxx, a company registered in Nanterre under number RCS 450 327 374, with a fully paid share capital of 896.176.662€, governed by the provisions of the French insurance Code, operating through its branch in Portugal, named "Chubb European Group SE - Sucursal em Portugal", domiciled at Xxxxxxx xx Xxxxxxxxx, 000, 0xx Xxxxx, 0000-000 Xxxxxx, registered at the Commercial Registry Office with the same registration and taxpayer 980350964, supervised by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) 0, Xxxxx xx Xxxxxxxx, XX 00000, 00000 XXXXX CEDEX 09 and by the Autoridade de Supervisão de Seguros e Fundos de Pensões (ASF) with code n.1173.
Payment of Indemnities. All amounts payable by the Indemnifying Parties shall be payable promptly and directly to each relevant Indemnified Party in immediately available funds.
Payment of Indemnities. 13.4.1. Any Losses shall be indemnified within ten (10) Business Days counted as of the receipt of written notification from the relevant Party to the other Party in this regard when those amounts are due.
13.4.2. Payment of Losses shall be made by wire transfer of immediately available funds to the relevant Party, in accordance with its instructions.
13.4.2.1. Without prejudice to Section 13.4.2, Purchaser shall have the right, at its sole discretion, to withhold and set off against, on a dollar-for-dollar basis, any amount otherwise due and payable by Purchaser to Seller any amount due by the Seller to a Purchaser Indemnified Party under this Section.
13.4.3. If the indemnification amount is considered by the public authorities as revenue or income for the receiving Party for tax purposes, such amount shall be increased by an amount equal to the corresponding tax burden.
13.4.4. The Parties agree that the right given to Purchaser Indemnified Parties to claim against the Seller in accordance with this Agreement shall in no way be limited nor diminished by the fact that the Purchaser has undertaken a due diligence review of the Company.
13.4.5. If the Indemnifying Party fails to pay by the applicable due date any amount due pursuant to an indemnification amount, (i) the Indemnifying Party shall be obligated to immediately pay an amount equal to two percent (2%) of the overdue indemnification amount (which such payment shall be deemed a penalty and not a credit against the Indemnifying Party’s obligation to pay such overdue indemnification amount) and (ii) until and including the date such overdue indemnification amount is paid in full, the Indemnifying Party shall pay interest on such overdue indemnification amount at a monthly rate equal to one percent (1%) of the overdue indemnification amount; provided, however, that such interest rate shall not exceed the maximum interest rate permitted under Brazilian Law.
Payment of Indemnities. Borrower will timely reimburse the Agent for any indemnities owed by Borrower to Agent and the Lenders under this Agreement or the other Program Documents.
