Payment of Indemnification Obligation. All indemnification by the Buyer or the Seller hereunder shall be effected by payment of cash or delivery of a cashier's or certified check in the amount of the indemnification liability.
Appears in 4 contracts
Samples: Membership Interest Purchase Agreement (Great American Food Chain, Inc.), Asset Purchase Agreement (Choices Entertainment Corp), Asset Purchase Agreement (Xyvision Inc)
Payment of Indemnification Obligation. All indemnification by the Buyer Buyer, the Seller or the Seller Principal hereunder shall be effected by payment of cash or delivery of a cashier's or certified check in the amount of the indemnification liability.
Appears in 3 contracts
Samples: Asset Purchase Agreement (Trans World Entertainment Corp), Asset Purchase Agreement (West Coast Entertainment Corp), Asset Purchase Agreement (West Coast Entertainment Corp)
Payment of Indemnification Obligation. All indemnification by the Buyer Buyer, the Sellers or the Seller Principals hereunder shall be effected by payment of cash or delivery of a cashier's or certified check in the amount of the indemnification liability; provided that the Buyer shall have the right to offset against amounts due from Buyer under the Instrument any amounts due to Buyer hereunder.
Appears in 2 contracts
Samples: Asset Purchase Agreement (West Coast Entertainment Corp), Asset Purchase Agreement (West Coast Entertainment Corp)
Payment of Indemnification Obligation. All indemnification by the Buyer or the Seller hereunder shall be effected by payment of cash or delivery of a cashier's or certified check in the amount of the indemnification liability.
Appears in 1 contract
Payment of Indemnification Obligation. All indemnification by the Buyer or the Seller Sellers hereunder shall be effected by payment of cash or delivery of a cashier's or certified check in the amount of the indemnification liability.
Appears in 1 contract
Payment of Indemnification Obligation. All indemnification by the Buyer or the Seller hereunder shall be effected by payment of cash or delivery of a cashier's or certified check or wire transfer in the amount of the indemnification liability.
Appears in 1 contract
Samples: Asset Purchase Agreement (Lernout & Hauspie Speech Products Nv)
Payment of Indemnification Obligation. All indemnification by the Buyer or the Seller Recipient hereunder shall be effected by payment of cash or delivery of a cashier's or certified check in the amount of the indemnification liability.
Appears in 1 contract
Payment of Indemnification Obligation. All indemnification by the Buyer or the Seller Sellers hereunder shall be effected by payment of cash or delivery of a cashier's ’s or certified check in the amount of the indemnification liability. With respect to indemnification claims against Sellers (or any of them), Buyer, at its option, shall have the right to offset the amount of such liability against payments due under the Madison Note, the Xxxxxxxxx Note, and/or the Franchising Note, as Buyer elects in its sole discretion.
Appears in 1 contract
Samples: Asset Purchase Agreement (Great American Food Chain, Inc.)
Payment of Indemnification Obligation. All indemnification by the Buyer or the Seller Company hereunder shall be effected by payment of cash or delivery of a cashier's or certified check in the amount of the indemnification liability.
Appears in 1 contract
Payment of Indemnification Obligation. All indemnification by the Buyer Purchaser or the Seller hereunder shall be effected by payment of cash or delivery of a cashier's or certified check in the amount of the indemnification liability.
Appears in 1 contract
Samples: Asset Purchase Agreement (Microtel International Inc)
Payment of Indemnification Obligation. All indemnification by the Buyer Purchaser or the ------------------------------------- Seller hereunder shall be effected by payment of cash or delivery of a cashier's or certified check in the amount of the indemnification liability.
Appears in 1 contract
