Asset Indemnification .................................................................. Clause Samples
Asset Indemnification ................................................................... 31 Section 11.02. Dispute Resolution ....................................................................... 36 ARTICLE XII MISCELLANEOUS
Asset Indemnification ................................................................... Upon the request of the Purchaser, the Seller agrees to indemnify and hold harmless the Indemnified Purchaser Parties in regards to the loss arising from certain cases provided for in this Article XI of the Bank, including the assets of the trust accounts (excluding performance based trust accounts) of the Bank (the "Additional Loss Amount"), and 80.04% of such Additional Loss Amount shall be an asset indemnity amount (the "Asset Indemnity Amount"). For avoidance of doubt, the Asset Indemnity Amount shall be separate from amounts payable by the Seller to the Purchaser under Article X. The Seller and the Purchaser understand and acknowledge that the basic principles of this Article XI are to determine any loss arising from the Corporate Loans, Card Loans and KAMCO Returned Credits from December 31, 2002 to the relevant Calculation Date.
