Common use of Payment of Losses Clause in Contracts

Payment of Losses. Subject to the provisions of Section 10(c), the Stockholder shall be reimbursed by Buyer on demand for any Loss suffered by the Stockholder with respect to any liability or claim to which the indemnity set forth in Section 10(a) relates.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Digital Angel Corp), Stock Purchase Agreement (Applied Digital Solutions Inc)

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Payment of Losses. Subject to the provisions of Section 10(c), the Stockholder Stockholders shall be reimbursed by Buyer on demand for any Loss suffered by the Stockholder Stockholders with respect to any liability or claim to which the indemnity set forth in Section 10(a) relates.

Appears in 2 contracts

Samples: Stock Purchase Agreement (National Dentex Corp /Ma/), Stock Purchase Agreement (National Dentex Corp /Ma/)

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