Common use of WHEN PAYABLE Clause in Contracts

WHEN PAYABLE. Indemnification under this Article X with respect to any claim concerning any Loss shall be payable: (a) upon the resolution of such claim by mutual agreement between URI and Purchaser; (b) in accordance with a final judgment, award, order or other ruling (which is not subject to appeal or with respect to which the time for appeal has elapsed) by a court or arbitral tribunal having jurisdiction over the Parties and the subject matter of such claim or to which such claim was submitted for resolution by joint agreement between URI and Purchaser; or (c) upon the final settlement of such claim with a Third Person pursuant to mutual agreement among URI, Purchaser and the applicable Third Person.