Common use of Time of Indemnification Payment Clause in Contracts

Time of Indemnification Payment. The Stockholders shall contribute to the capital of the Company amounts set forth in this Section 3.3 within thirty (30) days after notice from the Company that a payment is due by the Company to the appropriate Taxing Authority.

Appears in 3 contracts

Samples: Tax Indemnification and S Corporation Distribution Agreement (Otg Software Inc), Tax Indemnification and S Corporation Distribution Agreement (MKS Instruments Inc), Tax Indemnification and S Corporation Distribution Agreement (Otg Software Inc)

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Time of Indemnification Payment. The Stockholders shall Stockholder will contribute to the capital of the Company any amounts set forth calculated in accordance with this Section 3.3 3.4 within thirty (30) business days after the first to occur of (i) the receipt of the refund from the appropriate Taxing Authority attributable to such adjustment, and (ii) delivery of a notice from the Company that a payment is due by the Company to the appropriate Taxing Authority.

Appears in 1 contract

Samples: Tax Indemnification Agreement (MTC Technologies Inc)

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Time of Indemnification Payment. The Stockholders shall contribute to the capital of the Company any amounts set forth calculated in accordance with this Section 3.3 3.4 within thirty (30) 30 business days after the first to occur of (i) the receipt of the refund from the appropriate Taxing Authority attributable to such adjustment, or (ii) delivery of a notice from the Company that a payment is due by the Company to the appropriate Taxing Authority.

Appears in 1 contract

Samples: Tax Indemnification Agreement (Technical Consumer Products Inc)

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