Payment for Indemnification. 29 8.5 Survival of Indemnification........................................................... 30 8.6
Payment for Indemnification. The Sellers shall pay to Video Update the amount of claims for indemnification within five (5) days after the notification thereof (the "Due Date") in cash or by certified check. Video Update may set off the amount of any claim due to it from the Sellers against any amount due from Video Update to the Sellers. Any amounts not paid by the Sellers when due under this Section shall bear interest from the Due Date thereof until the date paid at the lower of eighteen percent (18%) per annum or the highest rate allowed by law.
Payment for Indemnification. The Sellers shall pay to Video Update the amount of established claims for indemnification within fifteen (15) days after the establishment thereof (the "Due Date") in cash or by certified check, provided, however, that Video Update shall not seek indemnification from the Sellers for any loss, claim, damage or claim for indemnification resulting from any and all gift certificates, coupons or other similar promotional items issued by, on behalf of or for the benefit of Video View (the "Promotional Liability"), unless and until the amount of the Promotional Liability exceeds $15,000 (Cdn.) in the aggregate. Video Update may set off the amount of any claim (or cancel shares in respect of such claim) due it from the Sellers against any amount due to the Sellers. Any amounts not paid by the Sellers when due under this Section shall bear interest from the Due Date thereof until the date paid at the lower of eighteen percent (18%) per annum or the highest rate allowed by law.
Payment for Indemnification. The Sellers shall pay to Video Update the amount of established claims for indemnification within fifteen (15) days after the establishment thereof (the "Due Date") in cash or by certified check. Video Update may set off the amount of any claim (or cancel Video Update Shares in respect of such claim) due it from the Sellers against any amount due to the Sellers, including without limitation the Holdback Amount. Any amounts not paid by the Sellers when due under this Section shall bear interest from the Due Date thereof until the date paid at the prime interest rate per annum, as published in The Wall Street Journal, plus three percent (3%).
Payment for Indemnification. The Indemnifying Party shall pay to the Indemnified Party the amount of established claims for indemnification within fifteen (15) days after the establishment thereof (the "Due Date") in cash or by certified check.
Payment for Indemnification. 15 7.4 Survival of Indemnification........................................................... 15 7.5 Intent of Parties..................................................................... 16
Payment for Indemnification. Infos LUX shall pay to Centennial the amount of established claims for indemnification within fifteen (15) days after the establishment thereof (the "Due Date") in cash or by certified check. Centennial may set off the amount of any established claim due it from Infos LUX against any payment due to Infos LUX from Centennial.
Payment for Indemnification. The Indemnifying Party shall pay to the Indemnified Party any amount due under this Section 9 three business days before the underlying liability in question becomes due and payable to a third party or, if later, within fifteen (15) days after the establishment thereof in cleared funds. Any amount not paid when due under this Section 9 shall bear interest from the date the same became due and payable thereof until the date paid at the rate of four percent (4%) above the base rate from time to time of the Royal Bank of Scotland.
Payment for Indemnification. The Indemnifying Party shall pay to the Indemnified Party the amount of established claims for indemnification within fifteen (15) days after the establishment thereof (the "DUE DATE") in cash or by certified check. The parties hereby agree that with respect to claims where ILCT and/or CPI are the Indemnifying Party, such claim shall be satisfied first, by releasing shares held under the Escrow Agreement (the "Escrowed Shares") in the amount of such claim, calculated using a value per share of $22.22, and second, if the amount of such claim is in excess of the value of the Escrowed Shares determined as provided above, by delivery of cash or a certified check in the amount of such excess, and where ASTeX and/or AAC are the Indemnifying Party, such claim shall be satisfied by delivery of cash or a certified check in the amount of such claim. Any amounts not paid by Indemnifying Party when due under this Section 8 shall bear interest from the Due Date thereof until the date paid at the lower of eighteen percent (18%) per annum or the highest rate allowed by law. The Indemnifying Party shall be required to indemnify the Indemnified Party for any claims or liabilities hereunder unless and until the aggregate of such claims exceeds $75,000, whereupon the Indemnifying Party shall be required to indemnify the Indemnified Party for the excess, if any, of the full amount of all such claims over $75,000 up to an amount not to exceed $6,350,000.
Payment for Indemnification. (a) Should a Covered Cost be incurred by an Indemnified Person during the term of this Escrow Agreement, Davix shall deliver a notice to each of the Indemnifying Persons (a "Notice of Demand," with the date such Notice of Demand is delivered referred to herein as a "Notice Date"), executed by Davix. X Notice of Demand shall:
