Common use of REIMBURSEMENT OF CLAIMS Clause in Contracts

REIMBURSEMENT OF CLAIMS. 9.1 If, after QIWI has made any payment in respect of a Warranty Claim, the recipient of that payment (or the Investor) recovers from a third party (including any Tax Authority) a sum in immediately available funds which specifically relates to that payment (the “Recovery Amount”), then the Investor shall forthwith as soon as reasonable practicable pay (or procure the repayment of) to QIWI such sum that is the lesser of: (a) the Recovery Amount less any Tax suffered in respect of that Recovery Amount and any costs and expenses (including any increases in insurance premiums) incurred in recovering that Recovery Amount; and 9.2 the amount paid by QIWI in respect of such Warranty Claim.

REIMBURSEMENT OF CLAIMS. 9.1 If, after QIWI the Investor has made any payment in respect of a Warranty Claim, the recipient of that payment (or the InvestorQIWI) recovers from a third party (including any Tax Authority) a sum in immediately available funds which specifically relates to that payment (the “Recovery Amount”), then the Investor QIWI shall forthwith as soon as reasonable practicable pay (or procure the repayment of) to QIWI the Investor such sum that is the lesser of: (a) the Recovery Amount less any Tax suffered in respect of that Recovery Amount and any costs and expenses (including any increases in insurance premiums) incurred in recovering that Recovery Amount; and 9.2 (b) the amount paid by QIWI the Investor in respect of such Warranty Claim.