Additional Indemnity definition
Examples of Additional Indemnity in a sentence
INDEMNITY 20 10.1 General Indemnity 20 10.2 Intellectual Property 21 10.3 Additional Indemnity Provisions 21 ARTICLE XI.
INDEMNITY 21 10.1 General Indemnity 21 10.2 Intellectual Property 21 10.3 Additional Indemnity Provisions 21 ARTICLE XI.
INDEMNITY 21 10.1 General Indemnity 21 10.2 Intellectual Property 21 10.3 Additional Indemnity Provisions 22 ARTICLE XI.
To the extent any such indemnification payments are not permitted by applicable law to be treated as adjustments to the Aggregate Purchase Price for Tax purposes, the Indemnitor shall indemnify and hold harmless the Indemnitee for any Taxes imposed on any such payments (the “Additional Indemnity”), and for any Taxes imposed on any Additional Indemnity payments.
If for any reason an Indemnified Party has any Tax imposed on it on account of its receipt of an indemnity payment including payments pursuant to this sentence ("Additional Indemnity Taxes"), such indemnity payment shall be "grossed-up" for the Additional Indemnity Taxes so that the net payments received by the Indemnified Party will be equal to the amount of the indemnity payment such Indemnified Party would have received had no such Additional Indemnity Taxes been imposed.
Upon dissolution of the Trust, any money held in such account, less any expenses of the Trust, shall be paid to the ANZ Affiliate pursuant to the Expense and Indemnity Agreement as an Additional Indemnity Fee (as defined in such agreement).
Any Indemnity Fee or Additional Indemnity Fee payable to the ANZ Affiliate in cash pursuant to this Section 5 shall be paid in United States dollars in New York Clearing House (next-day) funds to such account in New York as the ANZ Affiliate may from time to time specify for this purpose.
Interest shall be calculated and payable monthly on the last day of each month during which any amount in respect of any Loss, and/or any Additional Indemnity if applicable, remained unpaid, both before and after an arbitration award and/or judgment, with interest on overdue interest calculated and payable at the same rate.
Seller's Additional Indemnity Obligations..............54 Section 6.07.
After the Exchange Date and prior to the dissolution of the Trust, any amount remaining in the Trust Expense Account, after deducting any expenses payable by the Trust, shall be paid to the ANZ Affiliate pursuant to the Expense and Indemnity Agreement as an Additional Indemnity Fee (as defined therein).