Entitlement to payment. In the event an indemnitor elects not to assume control of the defense and settlement of that claim, the indemnitee shall be entitled to payment by the indemnitor upon the indemnitee’s settlement of the claim or the adjudication of liability, whichever first occurs.
Appears in 2 contracts
Samples: Services Agreement (Green Dot Corp), Services Agreement (Green Dot Corp)
Entitlement to payment. In the event an indemnitor elects not to assume control of the defense and settlement of that claim, the indemnitee shall will be entitled to payment by the indemnitor upon the indemnitee’s settlement of the claim or the adjudication of liability, whichever first occurs.
Appears in 2 contracts
Samples: Ath Network Participation Agreement (EVERTEC, Inc.), Ath Network Participation Agreement (EVERTEC, Inc.)
Entitlement to payment. In the event an indemnitor Indemnitor elects not to assume control of the defense and settlement of that claim, the indemnitee Indemnitee shall be entitled to payment by the indemnitor Indemnitor upon the indemniteeIndemnitee’s settlement of the claim or the adjudication of liability, whichever first occurs.
Appears in 1 contract
Samples: Processing Services Agreement (Transfirst Holdings Corp.)
