Indemnity Payment definition

Indemnity Payment shall have the meaning set forth in Section 4.4(a).

Indemnity Payment has the meaning set forth in Section 6.04(a).

Indemnity Payment has the meaning set forth in Section 9.5.

Examples of Indemnity Payment in a sentence

• Any Indemnity Payment (other than any portion of a payment that represents interest) shall be treated by the Parties (and their respective Affiliates) for all Tax purposes, if made by Concentra to Select (or by or to their respective Affiliates), as a distribution from Concentra to Select and, if made by Select to Concentra (or by or to their respective Affiliates), as a contribution from Select to Concentra, in each case, except to the extent otherwise required by applicable Law.

• If an Indemnitee receives a payment (an “Indemnity Payment”) required by this Agreement from an Indemnifying Party in respect of any Liability and subsequently receives Insurance Proceeds, then the Indemnitee shall pay to the Indemnifying Party an amount equal to the excess of the Indemnity Payment received over the amount of the Indemnity Payment that would have been due if the Insurance Proceeds had been received, realized or recovered before the Indemnity Payment was made.

• Upon making any Indemnity Payment, Indemnitor will, to the extent of such Indemnity Payment, be subrogated to all rights of Indemnitee against any third Person (other than any Tax authority) in respect of the Indemnifiable Loss to which the Indemnity Payment related.

More Definitions of Indemnity Payment

Indemnity Payment shall have the meaning set forth in Section 7.8(a).

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

Indemnity Payment an amount that an Indemnifying Party is required to pay to an Indemnitee pursuant to Article IV.

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

Indemnity Payment. With respect to any Receivable in respect of which a payment is required to be made by the Issuer, the Depositor or the Receivables Seller under Section 2.3 of this Indenture, the Receivables Pooling Agreement or the Receivables Sale Agreement, and as of the Payment Date on which the “Indemnity Payment” must be made, the Receivable Balance of such Receivable as of such Payment Date.

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

Indemnity Payment means an amount that an Indemnifying Party is required to pay to an Indemnitee under this Agreement.