Common use of Payments by an Indemnifying Party Clause in Contracts

Payments by an Indemnifying Party. Payments of all amounts owing by an Indemnifying Party under this Article VIII relating to a Third-Party Claim will be made within 30 days after the latest of (a) the settlement of that Third-Party Claim, (b) the expiration of the period for appeal of a final adjudication of that Third-Party Claim or (c) the expiration of the period for appeal of a final adjudication of the Indemnifying Party’s liability to the Indemnified Party under this Agreement in respect of that Third-Party Claim.

Appears in 4 contracts

Samples: Share Purchase Agreement, Share Purchase Agreement (Flotek Industries Inc/Cn/), Share Purchase Agreement (Flotek Industries Inc/Cn/)

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Payments by an Indemnifying Party. Payments of all amounts owing by an Indemnifying Party under this Article VIII V relating to a Third-Party Claim will be made within 30 days after the latest of (ai) the settlement of that Third-Party Claim, (bii) the expiration of the period for appeal of a final adjudication of that Third-Party Claim or (ciii) the expiration of the period for appeal of a final adjudication of the Indemnifying Party’s liability to the Indemnified Party under this Agreement in respect of that Third-Party Claim.

Appears in 2 contracts

Samples: Transition Services Agreement (BJ Services, Inc.), Transition Services Agreement (BJ Services, Inc.)

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Payments by an Indemnifying Party. Payments of all amounts owing by an Indemnifying Party under this Article VIII VI relating to a Third-Third Party Claim will be made within 30 days ten (10) Business Days after the latest of (ai) the settlement of that Third-Third Party Claim, (bii) the expiration of the period for appeal of a final adjudication of that Third-Third Party Claim or (ciii) the expiration of the period for appeal of a final adjudication of the Indemnifying Party’s liability to the Indemnified Party under this Agreement in respect of that Third-Third Party Claim.

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Stepan Co)

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