Common use of Resolution by the Parties Clause in Contracts

Resolution by the Parties. Buyer and the Parent Indemnified Parties shall attempt in good faith to resolve any claim for indemnification to which an Objection is made. If Buyer and the Parent Indemnified Parties are able to resolve any such claim for indemnification, they shall prepare and sign a memorandum setting forth such agreement. Buyer shall pay to the applicable Parent Indemnified Party by wire transfer of immediately available funds to an account designated by such Parent Indemnified Party the agreed-upon amount of the Loss (if any) within fifteen (15) days of the date of the written memorandum described in the preceding sentence.

Appears in 2 contracts

Samples: Transaction Agreement (Smart Modular Technologies Inc), Transaction Agreement (SMART Modular Technologies (WWH), Inc.)

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Resolution by the Parties. Buyer Parent and the Parent Buyer Indemnified Parties shall attempt in good faith to resolve any claim for indemnification to which an Objection is made. If Buyer Parent and the Parent Buyer Indemnified Parties are able to resolve any such claim for indemnification, they shall prepare and sign a memorandum setting forth such agreement. Buyer Subject to Section 8.3(d), Parent shall pay to the applicable Parent Buyer Indemnified Party by wire transfer of immediately available funds to an account designated by such Parent Buyer Indemnified Party the agreed-upon amount of the Loss (if any) within fifteen (15) 15 days of the date of the written memorandum described in the preceding sentence.

Appears in 2 contracts

Samples: Transaction Agreement (Smart Modular Technologies Inc), Transaction Agreement (SMART Modular Technologies (WWH), Inc.)

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