Common use of Timing for Payment Clause in Contracts

Timing for Payment. In the event Indemnitees incur any Losses which were not otherwise paid or satisfied by Seller pursuant to this Agreement, Indemnitees shall deliver written notice to Seller advising Seller that Indemnitees have incurred such Losses (“Notice of Loss”). The Notice of Loss shall include an itemization of all of the Losses which Seller is required to pay pursuant to and in accordance with the terms and provisions of this Agreement. Within thirty (30) Calendar Days after the date of receipt by Seller of the Notice of Loss, Seller shall pay to Indemnitees the aggregate amount of the Losses described in such Notice of Loss. In the event Seller fails to timely pay to Indemnitees the aggregate amount of such Losses, any and all unpaid amounts shall accrue interest at the lesser of: (a) eighteen percent (18%) per annum; or (b) the maximum rate of interest allowable under applicable law, which interest, in either case, shall be deemed to accrue effective as of the date such payment was originally due.

Timing for Payment. In the event Indemnitees incur any Losses which were not otherwise paid or satisfied by Seller pursuant to this Agreement, Indemnitees shall deliver written notice to Seller advising Seller that Indemnitees have incurred such Losses (“"Notice of Loss”"). The Notice of Loss shall include an itemization of all of the Losses which Seller is required to pay pursuant to and in accordance with the terms and provisions of this Agreement. Within thirty (30) Calendar Days calendar days after the date of receipt by Seller of the Notice of Loss, Seller shall pay to Indemnitees the aggregate amount of the Losses described in such Notice of Loss. In the event Seller fails to timely pay to Indemnitees the aggregate amount of such Losses, any and all unpaid amounts shall accrue bear interest at the lesser greater of: (a) eighteen percent (18%) per annum; or (b) the maximum rate of interest allowable under applicable law, which interest, in either case, shall be deemed to accrue effective as of the date such payment was originally due.

Timing for Payment. In the event Indemnitees incur any Losses which were not otherwise paid or satisfied by Seller Indemnitor pursuant to this Agreement, Indemnitees shall deliver written notice to Seller Indemnitor advising Seller Indemnitor that Indemnitees have incurred such Losses (“"Notice of Loss”"). The Notice of Loss shall include an itemization of all of the Losses which Seller Indemnitor is required to pay pursuant to and in accordance with the terms and provisions of this Agreement. Within thirty (30) Calendar Days calendar days after the date of receipt by Seller of the Notice of Loss, Seller Indemnitor shall pay to Indemnitees the aggregate amount of the Losses described in such Notice of Loss. In the event Seller Indemnitor fails to timely pay to Indemnitees the aggregate amount of such Losses, any and all unpaid amounts shall accrue bear interest at the lesser greater of: (a) eighteen percent (18%) [***] per annum; or (b) the maximum rate of interest allowable under applicable law, which interest, in either case, shall be deemed to accrue effective as of the date such payment was originally due.

Timing for Payment. In the event Indemnitees incur any Losses which were not otherwise paid or satisfied by Seller Indemnitor pursuant to this Agreement, Indemnitees shall deliver written notice to Seller Indemnitor advising Seller Indemnitor that Indemnitees have incurred such Losses (“Notice of Loss”). The Notice of Loss shall include an itemization of all of the Losses which Seller that Indemnitor is required to pay pursuant to and in accordance with the terms and provisions of this Agreement. Within thirty (30) Calendar Days after the date of receipt by Seller Indemnitor of the Notice of Loss, Seller Indemnitor shall pay to Indemnitees the aggregate amount of the Losses described in such Notice of Loss. In the event Seller Indemnitor fails to timely pay to Indemnitees the aggregate amount of such Losses, any and all unpaid amounts shall accrue bear interest at the lesser greater of: (a) eighteen twelve percent (1812%) per annum; or (b) the maximum rate of interest allowable under applicable law, which interest, in either case, shall be deemed to accrue effective as of the date such payment was originally due.

Timing for Payment. In the event Indemnitees incur any Losses which were not otherwise paid or satisfied by Seller pursuant to this Agreement, Indemnitees shall deliver written notice to Seller advising Seller that Indemnitees have incurred such Losses (“"Notice of Loss”"). The Notice of Loss shall include an itemization of all of the Losses which Seller is required to pay pursuant to and in accordance with the terms and provisions of this Agreement. Within thirty (30) Calendar Days calendar days after the date of receipt by Seller of the Notice of Loss, Seller shall pay to Indemnitees the aggregate amount of the Losses described in such Notice of Loss. In the event Seller fails to timely pay to Indemnitees the aggregate amount of such Losses, any and all unpaid amounts shall accrue bear interest at the lesser of: (a) eighteen eleven percent (1811%) per annum; or (b) the maximum rate of interest allowable under applicable law, which interest, in either case, shall be deemed to accrue effective as of the date such payment was originally due.

Timing for Payment. In the event Indemnitees incur any Losses which were not otherwise paid or satisfied by Seller Indemnitor pursuant to this Agreement, Indemnitees shall deliver written notice to Seller Indemnitor advising Seller Indemnitor that Indemnitees have incurred such Losses (“Notice of Loss”). The Notice of Loss shall include an itemization of all of the Losses which Seller Indemnitor is required to pay pursuant to and in accordance with the terms and provisions of this Agreement. Within thirty (30) Calendar Days calendar days after the date of receipt by Seller of the Notice of Loss, Seller Indemnitor shall pay to Indemnitees the aggregate amount of the Losses described in such Notice of Loss. In the event Seller Indemnitor fails to timely pay to Indemnitees the aggregate amount of such Losses, any and all unpaid amounts shall accrue bear interest at the lesser greater of: (a) eighteen percent (18%) per annum; or (b) the maximum rate of interest allowable under applicable law, which interest, in either case, shall be deemed to accrue effective as of the date such payment was originally due.