Common use of Payment of Losses Clause in Contracts

Payment of Losses. The Indemnifying Party shall pay to the Claimant in immediately available funds the amount to which the Claimant may become entitled by reason of the provisions of this Article 8 within fifteen (15) Business Days after such amount is finally determined either by mutual agreement of the parties or, in the case of an Indemnity Loss described in any Litigation Notice, the date on which both such amount and Claimant’s obligation to pay such amount have been determined by a final, non-appealable judgment of the trial court or administrative body having jurisdiction over such Proceeding.

Appears in 1 contract

Samples: Asset Purchase Agreement (Irwin Financial Corp)

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Payment of Losses. The Claimant shall be paid in cash by the Indemnifying Party shall pay to the Claimant in immediately available funds the amount to which the Claimant may become entitled by reason of the provisions of this Article 8 ARTICLE XII, within fifteen (15) Business Days days after such amount is finally determined either by mutual agreement of the parties or, in or pursuant to the case of an Indemnity Loss arbitration proceeding described in any Litigation Notice, SECTION 12.04 of this Agreement or on the date on which both such amount and Claimant’s 's obligation to pay such amount have been determined by a final, non-appealable final judgment of the trial a court or administrative body having jurisdiction over such Proceedingproceeding.

Appears in 1 contract

Samples: Merger Agreement (Argosy Gaming Co)

Payment of Losses. The Claimant shall be paid in cash by the Indemnifying Party shall pay to the Claimant in immediately available funds the amount to which the Claimant may become entitled by reason of the provisions of this Article 8 XII, within fifteen (15) Business Days days after such amount is finally determined either by mutual agreement of the parties or, in or pursuant to the case of an Indemnity Loss arbitration proceeding described in any Litigation Notice, Section 12.04 of this Agreement or on the date on which both such amount and Claimant’s 's obligation to pay such amount have been determined by a final, non-appealable final judgment of the trial a court or administrative body having jurisdiction over such Proceedingproceeding.

Appears in 1 contract

Samples: Merger Agreement (Horseshoe Gaming Holding Corp)

Payment of Losses. The Indemnifying Party shall pay to the Claimant Claiming Party in immediately available funds cash the amount to which the Claimant Claiming Party may become entitled by reason of the provisions of this Article 8 IX, such payment to be made within fifteen ten (1510) Business Days days after such amount is finally determined either by mutual agreement of the parties or, in or pursuant to the case of an Indemnity Loss described in any Litigation Notice, the date on which both such amount and Claimant’s obligation to pay such amount have been determined by a final, non-appealable final unappealable judgment of the trial a court or administrative body having jurisdiction over such Proceedingof competent jurisdiction.

Appears in 1 contract

Samples: Stock Purchase Agreement (Brightpoint Inc)

Payment of Losses. The Indemnifying Party shall pay to the Claimant in immediately available funds cash the amount to which the Claimant may become entitled by reason of the provisions of this Article 8 XII, within fifteen (15) 15 Business Days after such amount is finally determined either by mutual agreement of the parties or, in the case of an Indemnity Loss described in any Litigation Notice, or on the date on which both such amount and Claimant’s 's obligation to pay such amount have been determined by a final, non-appealable judgment of the trial a court or administrative body having jurisdiction over such Proceedingproceeding.

Appears in 1 contract

Samples: Stock Purchase Agreement (Massachusetts Mutual Life Insurance Co)

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Payment of Losses. The Indemnifying Party shall pay to the Claimant in immediately available funds cash the amount to which the Claimant may become entitled by reason of the provisions of this Article 8 ARTICLE XII, within fifteen (15) 15 Business Days after such amount is finally determined either by mutual agreement of the parties or, in the case of an Indemnity Loss described in any Litigation Notice, or on the date on which both such amount and Claimant’s 's obligation to pay such amount have been determined by a final, non-appealable judgment of the trial a court or administrative body having jurisdiction over such Proceedingproceeding.

Appears in 1 contract

Samples: Stock Purchase Agreement (Keene Creditors Trust)

Payment of Losses. The Indemnifying Party shall pay to the Claimant in immediately available funds cash the amount to which the Claimant may become entitled by reason of the provisions of this Article 8 VII within fifteen (15) Business Days business days after such amount is finally determined either by mutual agreement of the parties or, in the case of an Indemnity Loss described in any Litigation Notice, or the date on which both such amount and Claimant’s obligation to pay such amount have been determined by a final, non-appealable final judgment of the trial court or administrative body having jurisdiction over such Proceeding.

Appears in 1 contract

Samples: Asset Purchase Agreement (Comcam Inc)

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