Recoveries. In the event an Indemnified Party subsequently receives payment (including without limitation proceeds of insurance and payments on accounts receivable) with respect to a matter for which it has been fully indemnified by the Indemnifying Party, the Indemnified Party shall promptly pay the amount of such payment up to the indemnification received, to the Indemnifying Party.
Appears in 4 contracts
Samples: Stock Purchase Agreement (Free & Clear Equity, Inc.), Stock Purchase Agreement (Gold Ribbon Bio Energy Holdings, Inc.), Stock Purchase Agreement (Ocean West Holding Corp)
Recoveries. In the event an Indemnified Party subsequently receives payment (including including, without limitation limitation, proceeds of insurance and payments on accounts receivable) with respect to a matter for which it has been fully indemnified by the Indemnifying Party, the Indemnified Party shall will promptly pay the amount of such payment up to the indemnification received, to the Indemnifying Party.
Appears in 4 contracts
Samples: Transfer Agreement (Atmospheric Glow Technologies Inc), Asset Purchase Agreement (Tice Technology Inc), Asset Purchase Agreement (Tice Technology Inc)
Recoveries. In the event an Indemnified Party subsequently receives ---------- payment (including without limitation proceeds of insurance and payments on accounts receivable) with respect to a matter for which it has been fully indemnified by the Indemnifying Party, the Indemnified Party shall promptly pay the amount of such payment up to the indemnification received, to the Indemnifying Party.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Ocean West Holding Corp), Stock Purchase Agreement (Ocean West Holding Corp)
Recoveries. In the event If an Indemnified Party subsequently receives payment (including without limitation proceeds of insurance and insurance, third party indemnification, payments on accounts receivablereceivable and Tax Benefits) with respect to a matter for which it has been fully indemnified by the Indemnifying Party, the Indemnified Party shall promptly pay the amount of such payment payment, up to the indemnification received, to the Indemnifying Party. Such Indemnified Party shall be obligated to use commercially reasonable efforts to seek any such payments to which it may be entitled.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Department 56 Inc), Stock Purchase Agreement (Brown Forman Corp)
Recoveries. In the event If an Indemnified Party subsequently receives a payment from a Third Party (including without limitation proceeds of insurance and payments on accounts receivableinsurance) with respect to a matter for which it has been fully indemnified by the Indemnifying Party, the Indemnified Party shall will promptly pay the amount, if any, by which (a) the sum of the amounts paid to the Indemnified Party by the Indemnifying Party hereunder in respect of such matter and the amount of such Third Party payment up (net of all costs of collection and increases in insurance premiums), exceeds (b) the amount Losses incurred by the Indemnified Party with respect to the indemnification received, to the Indemnifying Partysuch matter.
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Recoveries. In the event an Indemnified Party subsequently ---------- receives payment (including without limitation proceeds of insurance and payments on accounts receivable) with respect to a matter for which it has been fully indemnified by the Indemnifying Party, the Indemnified Party shall promptly pay the amount of such payment up to the indemnification received, to the Indemnifying Party.
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Recoveries. In the event If an Indemnified Party subsequently receives payment (including without limitation proceeds of insurance and insurance, third party indemnification, payments on accounts receivablereceivable and Tax Benefits) with respect to a matter for which it has been fully indemnified by the Indemnifying Party, the Indemnified Party shall promptly pay the amount of such payment payment, up to the indemnification received, to the Indemnifying Party. Such Indemnified Party shall be obligated to reasonably seek any such payments to which it may be entitled.
Appears in 1 contract
Samples: Stock Purchase Agreement (Compass Group Diversified Holdings LLC)
Recoveries. In the event an Indemnified Party subsequently receives payment (including including, without limitation limitation, proceeds of insurance and payments on accounts receivable) with respect to a matter for which it has been fully indemnified by the Indemnifying Party, the Indemnified Party shall will promptly pay the amount of such payment up to the indemnification received, to the Indemnifying Party.
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