Payment of Indemnity. Indemnified Amounts and Expense Advances, if any, provided to any Indemnified Party by the Company under this Agreement upon the final disposition or conclusion of a Claim unless otherwise ordered by the court before which such Claim was brought, shall be paid by the Company (net of all amounts, if any, previously advanced to the Indemnified Party or Parties pursuant to Paragraph 2C) to the Indemnified Party (or to such other person as the Indemnified Party may designate in writing to the Company) within 30 days after the receipt of the Indemnified Party's written request therefor, which request shall include a reasonably comprehensive accounting of amounts for which indemnification is being sought and shall refer to one or more of the provision(s) of this Agreement pursuant to which such claim is being made. All expenses associated with the indemnification process set forth in this Agreement or enforcements of rights hereunder shall be paid by the Company.
Payment of Indemnity. Any indemnification or advance shall be made promptly and in any event within forty-five (45) days, upon the written request of the director, officer, employee or agent of the Company, unless a determination is reasonably and promptly made that such director, officer, employee or agent failed to meet the applicable standard of conduct set forth in Section 1 hereof or that such director, officer or employee is not entitled to indemnity under Section 3 hereof. Such determination shall be made (l) by the Board of Directors by a majority vote of a quorum consisting of disinterested directors, or (2) by a committee of such directors designated by majority vote of such directors, even though less than a quorum, or (3) if such a quorum is not obtainable, or, even if obtainable a quorum of disinterested directors so directs, by independent legal counsel in a written opinion, or (4) by the stockholders. If the request for indemnification involves an action, suit or proceeding that arises from the merger, consolidation, reorganization, liquidation, sale of all or substantially all of the assets, or other extraordinary transaction of the Company, the inquiry and resolution thereof required by this Section 7, at the option of the person seeking indemnification, shall be made by a neutral person mutually acceptable to the Company and the person seeking indemnification. If no disposition of such claim for indemnification is made within forty-five (45) days, a favorable determination of entitlement to indemnification shall be deemed to have been made. The expenses (including attorney's fees) incurred by the person seeking indemnification in connection with successfully establishing such person's right to indemnification, in whole or in part, shall also be indemnified by the Company.
Payment of Indemnity a) An indemnity shall be paid for damaged vines due to insurable perils less the deductible equal to 5% or 10% of the number of insured vines.
b) An indemnity will be paid at the insured value for the damaged vines beyond the 5% or 10% deductible after the vines have been removed. Insurable Crop Group All Grapes Insurable Crop Grapes December 1 to November 30 Crop Year November 30 Application deadline Year prior to harvest and must insure grape vines Required deposit due 15% as per Section 13(4) regs Signed Agreement Required for valid contract; Section 13(1) regs Perils insured against See Section 8 regs Approved Varieties: Varieties recommended by the Department or the Corporation. Yield coverage Yields adjusted by Yield Coverage Adjustment as stated below. Coverage levels 70% and 80%* of the probable yield Coverage Period Begins when the crop is insured Ends with the final date for harvest June 30 Premium due date As per Section 13(11) regs July 01 Interest charges begin Monthly interest charged on unpaid premiums; as per Section 13(12) regs Stage I indemnity rate (30 days after planting) Section 23 regs Does NOT apply to this crop Stage II indemnity rate (un-harvested ac.) FULL OFFSET – between Stage II and Stage III Section 24 regs Does NOT apply to this crop Stage III indemnity rate (harvested crop) Section 25 regs Maximum indemnity rate is equal to the shortfall in production at the unit price selected.
Payment of Indemnity. The Producer who terminates the Contract shall pay any indemnity owing to the Director within fifteen (15) days of the termination For purposes of clarity, the schedule of payments provided in Article 19 is no longer applicable.
Payment of Indemnity. If the parties hereto agree or if a court of competent jurisdiction determines that any claims may give rise to a right to indemnification, the amount for which Indemnitee is to be indemnified shall be paid by the Indemnitor by delivery of a certified check or cashier's check within thirty (30) days after the date such determination is made.
Payment of Indemnity. In the event an Indemnified Person suffers an -------------------- Indemnifiable Loss, then the other party shall pay such Indemnifiable Loss in cash or make such escrow or other arrangements for the payment of such Indemnifiable Loss as will absolve the Indemnified Person of any liability therefor. Acknowledged payment by either party's insurance company shall constitute acceptable arrangements for payment hereunder.
Payment of Indemnity. Time for payment
Payment of Indemnity. Upon determination of liability under Section 7.2 or Section 7.3, and subject to the limitations set forth in Section 7.4 and Section 7.5, the appropriate Indemnifying Party will pay to the appropriate Indemnified Party the amount of all Damages payable in respect of the claim giving rise to such liability within 20 Business Days after the determination of the amount of such Damages attributable to such claim, and the Indemnifying Party will be subrogated to the Rights of the Indemnified Party against any Person with respect to the subject matter of such claim.
Payment of Indemnity. Upon final agreement by the parties or the entry of a final, non-appealable order by a court of competent jurisdiction that an Indemnitee is entitled to indemnification under this Article VIII, the Indemnifying Party must promptly pay or reimburse, as appropriate, the Indemnitee for all Losses to which it is entitled to be indemnified hereunder. If Purchaser seeks to offset the principal balance due on the Promissory Note for any amount due, owing and unpaid by Seller pursuant to an obligation of indemnity hereunder, Purchaser must provide Seller with written notice of such intended offset in the same manner that notice of a Closing Adjustment is to be provided pursuant to Section 1.4(c), and provisions of Notice of Dispute and Dispute Resolution set forth in Sections 1.4(d) & (e) shall be applicable to any such offset.
Payment of Indemnity. Any indemnity claim shall be promptly paid in cash by the Indemnifying Party to or on behalf of the appropriate Indemnified Party.
