Common use of Payment of Losses Clause in Contracts

Payment of Losses. The Indemnifying Party shall pay to the Claiming Party in cash the amount to which the Claiming Party may become entitled by reason of the provisions of this Article IX, such payment to be made within ten (10) days after such amount is finally determined either by mutual agreement of the parties or pursuant to the final unappealable judgment of a court of competent jurisdiction.

Appears in 1 contract

Sources: Stock Purchase Agreement (Brightpoint Inc)

Payment of Losses. The Claimant shall be paid in cash by the Indemnifying Party shall pay to the Claiming Party in cash the amount to which the Claiming Party Claimant may become entitled by reason of the provisions of this Article IXARTICLE XII, such payment to be made within ten fifteen (1015) days after such amount is finally determined either by mutual agreement of the parties or pursuant to the arbitration proceeding described in SECTION 12.04 of this Agreement or on the date on which both such amount and Claimant's obligation to pay such amount have been determined by a final unappealable judgment of a court of competent jurisdictionor administrative body having jurisdiction over such proceeding.

Appears in 1 contract

Sources: Merger Agreement (Argosy Gaming Co)

Payment of Losses. The Indemnifying Party shall pay to the Claiming Party Claimant in cash the amount to which the Claiming Party Claimant may become entitled by reason of the provisions of this Article IXARTICLE XII, such payment to be made within ten (10) days 15 Business Days after such amount is finally determined either by mutual agreement of the parties or pursuant on the date on which both such amount and Claimant's obligation to the final unappealable pay such amount have been determined by a final, non-appealable judgment of a court of competent jurisdictionor administrative body having jurisdiction over such proceeding.

Appears in 1 contract

Sources: Stock Purchase Agreement (Keene Creditors Trust)

Payment of Losses. The Claimant shall be paid in cash by the Indemnifying Party shall pay to the Claiming Party in cash the amount to which the Claiming Party Claimant may become entitled by reason of the provisions of this Article IXXII, such payment to be made within ten fifteen (1015) days after such amount is finally determined either by mutual agreement of the parties or pursuant to the arbitration proceeding described in Section 12.04 of this Agreement or on the date on which both such amount and Claimant's obligation to pay such amount have been determined by a final unappealable judgment of a court of competent jurisdictionor administrative body having jurisdiction over such proceeding.

Appears in 1 contract

Sources: Merger Agreement (Horseshoe Gaming Holding Corp)

Payment of Losses. The Indemnifying Party shall pay to the Claiming Party Claimant in cash immediately available funds the amount to which the Claiming Party Claimant may become entitled by reason of the provisions of this Article IX, such payment to be made 8 within ten fifteen (1015) days Business Days after such amount is finally determined either by mutual agreement of the parties or pursuant or, in the case of an Indemnity Loss described in any Litigation Notice, the date on which both such amount and Claimant’s obligation to the final unappealable pay such amount have been determined by a final, non-appealable judgment of a the trial court of competent jurisdictionor administrative body having jurisdiction over such Proceeding.

Appears in 1 contract

Sources: Asset Purchase Agreement (Irwin Financial Corp)

Payment of Losses. The Indemnifying Party shall pay to the Claiming Party Claimant in cash the amount to which the Claiming Party Claimant may become entitled by reason of the provisions of this Article IX, such payment to be made VII within ten fifteen (1015) business days after such amount is finally determined either by mutual agreement of the parties or pursuant the date on which both such amount and Claimant’s obligation to the pay such amount have been determined by a final unappealable judgment of a the trial court of competent jurisdictionor administrative body having jurisdiction over such Proceeding.

Appears in 1 contract

Sources: Asset Purchase Agreement (Comcam Inc)

Payment of Losses. The Indemnifying Party shall pay to the Claiming Party Claimant in cash the amount to which the Claiming Party Claimant may become entitled by reason of the provisions of this Article IXXII, such payment to be made within ten (10) days 15 Business Days after such amount is finally determined either by mutual agreement of the parties or pursuant on the date on which both such amount and Claimant's obligation to the final unappealable pay such amount have been determined by a final, non-appealable judgment of a court of competent jurisdictionor administrative body having jurisdiction over such proceeding.

Appears in 1 contract

Sources: Stock Purchase Agreement (Massachusetts Mutual Life Insurance Co)