Common use of After-Tax Indemnification Payments Clause in Contracts

After-Tax Indemnification Payments. Except as otherwise expressly provided herein or in an Ancillary Agreement, indemnification payments made by either party under this Article shall give effect to, and be reduced by the value of, any and all applicable deductions, losses, credits, offsets or other items for Federal, state or other tax purposes attributable to the payment of the indemnified liability by the Indemnified Party.

After-Tax Indemnification Payments. Except as otherwise expressly provided herein or in an Ancillary Agreement, any indemnification payments payment made by either party any Indemnifying Party under this Article IV shall give effect to, and be reduced computed by taking into account the value of, of any and all applicable deductions, losses, credits, offsets or other items for Federal, state or other tax purposes attributable to the payment of the indemnified liability by the Indemnified PartyParty and any Tax incurred by the Indemnified Party attributable to receipt of the indemnification payment.

After-Tax Indemnification Payments. Except as otherwise expressly provided herein or in an Ancillary Agreement, indemnification payments made by either a party under this Article shall give effect to, and be reduced by the value of, any and all applicable deductions, losses, credits, offsets or other items for Federal, state or other tax purposes attributable to the payment of the indemnified liability by the Indemnified Party.

After-Tax Indemnification Payments. Except as otherwise ---------------------------------- expressly provided herein or in an Ancillary Agreement, indemnification payments made by either party under this Article shall give effect to, and be reduced by the value of, any and all applicable deductions, losses, credits, offsets or other items for Federal, state or other tax purposes attributable to the payment of the indemnified liability by the Indemnified Party.