Payment of Indemnification Payments. All indemnifiable Damages payable by the Seller under this Article 8 shall be net of (a) any reserves specifically relating to the Damages, where such reserves are set forth in the balance sheets used in determining the Closing Working Capital Balance, and (b) amounts actually recovered by the Buyer or its Affiliates under any insurance policy. All indemnifiable Damages under this Agreement will be paid in cash in immediately available funds within 5 business days after determination of such amount, provided the parties may elect the following during such 5 business day period:
Payment of Indemnification Payments. All indemnifiable Damages under this Agreement will be paid in cash in immediately available funds. All indemnifiable Damages payable by the Members under this Article IX shall be reduced by amounts actually recovered by PetroQuest or its Affiliates under any insurance policy.
Payment of Indemnification Payments. All indemnifiable Damages under this Agreement will be paid in cash in immediately available funds, and all claims by the Purchaser first shall be payable to the extent of available funds from the Escrow Account, and the several nature of the Sellers' representations and warranties shall not affect the Purchaser's right to collect the total amount of any Damages from the Escrow Account for which indemnification is provided hereunder. Claims in excess of the Escrow Amount may be made against the respective Sellers. All Indemnifiable Damages payable by the Sellers under this Article X shall be net of amounts actually recovered by the Purchaser or its Affiliates under any insurance policy.
Payment of Indemnification Payments. Any and all Damages payable by Seller or the Company hereunder shall first be paid or otherwise satisfied by a payment of funds pursuant to the Defects and Warranties Escrow.
Payment of Indemnification Payments. 14 8.6 Exclusive Remedy..14 ARTICLE IX MISCELLANEOUS 14
Payment of Indemnification Payments. (a) Any and all indemnification obligations of the Shareholders under this Section 9 shall be paid and satisfied solely by the Escrow Agent out of the Escrow Account on behalf of the Shareholders in cash in immediately available funds.
Payment of Indemnification Payments. All indemnifiable Damages payable by the Sellers under this Article X shall be paid in cash in immediately available funds, subject to Section 10.4 or otherwise satisfied by exercise of the offset right by Purchaser pursuant to Section 10.4. All indemnifiable Damages payable by the Sellers under this Article X shall be net of amounts actually recovered by the Purchaser under any insurance policy. All indemnifiable Damages payable by the Purchaser under this Article X shall be paid in cash in immediately available funds.
Payment of Indemnification Payments. All indemnifiable Damages payable by the Sellers or Owners under this Article IX shall, subject to Section 9.4, be paid in cash in immediately available funds. All indemnifiable Damages payable by the Sellers or Owners under this Article IX shall be net of amounts actually recovered by the Purchaser under any insurance policy. If, following the receipt by an Indemnified Party under Section 9.2(a) of any indemnity payment hereunder, such Indemnified Party shall receive any insurance recovery or indemnity payment from a third party in respect of the same underlying claim, such Indemnified Party shall reimburse the Sellers or the Owners, as applicable, to the extent of such insurance recovery or third party indemnity payment. All indemnifiable Damages payable by the Purchaser under this Article IX shall be paid in cash in immediately available funds. Notwithstanding anything to the contrary contained herein, the Purchaser shall set off indemnifiable Damages to which it is entitled hereunder against any payments of principal and/or interest due or to be due under the Note prior to the exercise by the Purchaser of additional rights under this Article IX.
Payment of Indemnification Payments
