Common use of Payment of Claims Clause in Contracts

Payment of Claims. A claim for indemnification may be asserted by written notice to the Party from whom indemnification is sought and will be paid promptly after such notice, together with satisfactory proof of Adverse Consequences or other documents evidencing the basis of the Adverse Consequences sought, are received.

Appears in 11 contracts

Samples: Securities Purchase Agreement (Attis Industries Inc.), Membership Interest Purchase Agreement (Meridian Waste Solutions, Inc.), Membership Interest Purchase Agreement (Attis Industries Inc.)

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Payment of Claims. A claim for indemnification may be asserted by written notice to the Party from whom indemnification is sought and will be paid promptly after such notice, together with satisfactory proof of Adverse Consequences or other documents evidencing the basis of the Adverse Consequences sought, sought are received.

Appears in 3 contracts

Samples: Terms and Conditions of Sale and Purchase (Meridian Waste Solutions, Inc.), Membership Interest Purchase Agreement (Bloomios, Inc.), Membership Interest Purchase Agreement (Upexi, Inc.)

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Payment of Claims. A claim for indemnification may be asserted by written notice to the Party from whom indemnification is sought and will be paid promptly after such notice, and satisfying the Party’s right to be heard, together with satisfactory proof of Adverse Consequences or other documents evidencing the basis of the Adverse Consequences sought, are received.

Appears in 1 contract

Samples: Stock Purchase Agreement (Attis Industries Inc.)

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