Common use of Satisfaction of Indemnification Obligations Clause in Contracts

Satisfaction of Indemnification Obligations. Any indemnity payable pursuant to this Section 5 shall be paid not later than thirty (30) days following the later of (a) the Indemnified Party's request therefor or (b) a final non-appealable determination of Loss, but in any event such payment shall be made not later than ten (10) days prior to the date on which the Loss upon which the indemnity is based is required to be satisfied by the Indemnified Party, if applicable.

Appears in 3 contracts

Samples: Series D Stock Purchase Agreement (Optimark Technologies Inc), Series C Stock Purchase Agreement (Optimark Technologies Inc), Series B Stock Purchase Agreement (Optimark Technologies Inc)

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Satisfaction of Indemnification Obligations. Any indemnity payable pursuant to this Section 5 shall be paid not later than thirty (30) days following within the later of (a) thirty (30) days after the Indemnified Party's request therefor or (b) after a final non-appealable determination of Loss, but in any event such payment shall be made not later than and ten (10) days prior to the date on which the Loss upon which the indemnity is based is required to be satisfied by the Indemnified Party, if applicable.

Appears in 1 contract

Samples: Stock Purchase Agreement (Optimark Technologies Inc)

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Satisfaction of Indemnification Obligations. Any indemnity payable pursuant to this Section 5 6 shall be paid not later than thirty (30) days following within the later of (a) ten (10) days after the Indemnified Party's request therefor or (b) a final non-appealable determination of Loss, but in any event such payment shall be made not later than ten (10) days prior to the date on which the Loss upon which the indemnity is based is required to be satisfied by the Indemnified Party, if applicable.

Appears in 1 contract

Samples: Stock Purchase Agreement (Golden Sky Systems Inc)

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