Indemnity Payment. After any final decision, judgment, or award shall have been rendered by a Governmental Authority of competent jurisdiction and the expiration of the time in which to appeal therefrom (if the Indemnifying Party is pursuing an appeal), or a Settlement or arbitration shall have been consummated, or the Indemnified Party and the Indemnifying Party shall have arrived at a mutually binding agreement with respect to an Indemnification Claim hereunder, the Indemnified Party shall forward to the Indemnifying Party notice of any sums due and owing by the Indemnifying Party pursuant to this Agreement with respect to such Indemnification Claim and the Indemnifying Party shall make prompt payment thereof pursuant to the terms hereof.
Appears in 3 contracts
Sources: Build Transfer Agreement, Transfer Agreement, Build Transfer Agreement