Common use of Money Damages Clause in Contracts

Money Damages. If the Loss indemnified against pursuant to the provisions of Articles 7.1 or 7.2 hereof can be compensated by the payment of money, the indemnitor shall, within 21 days after receipt of a written notice of a claim pursuant to Articles 7.1 or 7.2 deliver to the indemnitee either: (a) the amount of such claim by check or by wire transfer to the bank account of that party's choosing, or (b) a written notice stating that it objects to the validity of such claim and setting forth in reasonable detail the grounds on which it is contesting the validity of the claim.

Money Damages. If the Loss indemnified against pursuant to the provisions of Articles Article 7.1 or 7.2 hereof can be compensated by the payment of money, the indemnitor ECO2 and Prentice Capital shall, within 21 days after receipt of a written notice of a claim pursuant to Articles 7.1 or Article 7.2 deliver to the indemnitee Indemnitee either: (a) the amount of such claim by check or by wire transfer to the bank account of that party's choosing, or (b) a written notice stating that it objects they object to the validity of such claim and setting forth in reasonable detail the grounds on which it is contesting the validity of the claim.