Common use of Third-Party Compensation Clause in Contracts

Third-Party Compensation. In the event that the Seller has paid to the Purchaser a sum as a result of a Claim and, subsequently, the Purchaser obtains at any time payment from any third party (including but not limited to Social Security or any other administrative authority) in relation to such Claim, the Purchaser must reimburse to the Seller the amount previously paid to the Purchaser within the following ten (10) Business Days, up to the amount paid by such third party, excluding any Damages incurred by the Purchaser in recovering such amount from the third party.

Appears in 4 contracts

Samples: Shares Sale and Purchase Agreement (Mountain & Co. I Acquisition Corp.), Shares Sale and Purchase Agreement (Mountain & Co. I Acquisition Corp.), Shares Sale and Purchase Agreement (Mountain & Co. I Acquisition Corp.)

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