Indemnification Payment definition

Indemnification Payment means any amount of Indemnifiable Losses required to be paid pursuant to this Agreement;

Indemnification Payment has the meaning set forth in Section 3.5(a).

Indemnification Payment means any amount of Losses required to be paid pursuant to this Agreement.

Examples of Indemnification Payment in a sentence

• In the event that the indemnified party’s actual defense costs and expenses exceed the amount of the Advance Indemnification Payment, then upon written request by the indemnified party, the indemnifying party shall reimburse the indemnified party for such difference; in the event that the Advance Indemnification Payment exceeds the indemnified party’s actual costs and expenses, the indemnified party shall promptly remit payment of such difference to the indemnifying party.

• The Escrowed Amount shall be fully disbursed (and therefore any unpaid portion of the Indemnification Payment shall be paid to the Indemnification Payee) upon the escrow agent’s receipt of a Positive Tax Opinion or Ruling.

• The Company shall have no further remedy against the Contributor in respect of such a Contributor Indemnification Event unless the Contributor fails to make a Contributor Indemnification Payment on or prior to such 10th Business Day or on such earlier day in accordance with the proviso set forth in this subsection 2.06(b).

• If after the making of any Indemnification Payment, the amount of the Losses to which such payment relates is reduced by recovery, settlement or otherwise under any insurance coverage, or pursuant to any claim, recovery, settlement or payment by or against any other Person, the amount of such reduction (less any costs, expenses, premiums or Taxes incurred in connection therewith) as and when actually received by the Indemnitee will promptly be repaid by the Indemnitee to the Indemnitor.

• At the end of the second calendar year beginning after the date on which the Indemnification Payor’s obligation to pay the Indemnification Payment arose (or earlier if directed by the Indemnification Payee), any remainder of the Escrowed Amount (together with interest thereon) then being held by the escrow agent shall be disbursed to the Indemnification Payor and, in the event that the Indemnification Payment has not by then been paid in full, such unpaid portion shall never be due.

More Definitions of Indemnification Payment

Indemnification Payment shall have the meaning set forth in Section 11.4(d).

Indemnification Payment means the amount an Indemnifying Party is required to pay to (or for the benefit of) an Indemnitee pursuant to this Agreement.

Indemnification Payment is defined in Section 12.3(a).

Indemnification Payment has the meaning set forth in Section 4.8(a).

Indemnification Payment means a payment subject to Section 5.03.

Indemnification Payment has the meaning set forth in Section 12 of this Agreement.

Indemnification Payment has the meaning set forth in Article 10 of this Agreement.