Common use of Resolution by the Parties Clause in Contracts

Resolution by the Parties. Parent and the Buyer Indemnified Parties shall attempt in good faith to resolve any claim for indemnification to which an Objection is made. If Parent and the Buyer Indemnified Parties are able to resolve any such claim for indemnification, they shall prepare and sign a memorandum setting forth such agreement. Subject to Section 8.3(d), Parent shall pay to the applicable Buyer Indemnified Party by wire transfer of immediately available funds to an account designated by such Buyer Indemnified Party the agreed-upon amount of the Loss (if any) within 15 days of the date of the written memorandum described in the preceding sentence.

Appears in 2 contracts

Sources: Transaction Agreement (SMART Modular Technologies (WWH), Inc.), Transaction Agreement (Smart Modular Technologies Inc)

Resolution by the Parties. Parent Buyer and the Buyer Parent Indemnified Parties shall attempt in good faith to resolve any claim for indemnification to which an Objection is made. If Parent Buyer and the Buyer Parent Indemnified Parties are able to resolve any such claim for indemnification, they shall prepare and sign a memorandum setting forth such agreement. Subject to Section 8.3(d), Parent Buyer shall pay to the applicable Buyer Parent Indemnified Party by wire transfer of immediately available funds to an account designated by such Buyer Parent Indemnified Party the agreed-upon amount of the Loss (if any) within 15 fifteen (15) days of the date of the written memorandum described in the preceding sentence.

Appears in 2 contracts

Sources: Transaction Agreement (SMART Modular Technologies (WWH), Inc.), Transaction Agreement (Smart Modular Technologies Inc)