Amounts Owed. Except as otherwise provided in this Article, in the event that a Party is obligated to indemnify and hold the other Party and its successors and assigns harmless under this Article, the amount owing to the Indemnified Party will be the amount of the Indemnified Party’s actual loss net of any insurance proceeds received by the Indemnified Party following a reasonable effort by the Indemnified Party to obtain such insurance proceeds.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Otter Tail Corp), Purchase and Sale Agreement (Otter Tail Corp)
Amounts Owed. Except as otherwise provided in this Article, in In the event that a Party is obligated to indemnify and hold the other Party and its successors and assigns harmless for indemnification under this ArticleArticle 17, the amount owing to the Indemnified Party will be the amount of the Indemnified Party’s actual loss net of any insurance proceeds received by the Indemnified Party following a reasonable Commercially Reasonable effort by the Indemnified Party to obtain such insurance proceeds.
Appears in 2 contracts
Samples: Solar Energy Purchase Agreement, Purchase Agreement
Amounts Owed. Except as otherwise provided in this Article, in In the event that a Party is obligated to indemnify and hold the other Party and its successors and assigns harmless for indemnification under this ArticleArticle 17, the amount owing to the Indemnified Party will be the amount of the Indemnified Party’s actual loss Losses net of any insurance proceeds received by the Indemnified Party following a reasonable Commercially Reasonable effort by the Indemnified Party to obtain such insurance proceeds.
Appears in 2 contracts
Amounts Owed. Except as otherwise provided in this Article, in the event that a Party is obligated to indemnify and hold the other Party and its successors and assigns harmless under this Article, the amount owing to the Indemnified Party will be the amount of the Indemnified Party’s actual loss net of any insurance proceeds received by the Indemnified Party following a reasonable Commercially Reasonable effort by the Indemnified Party to obtain such insurance proceeds.
Appears in 1 contract
Samples: Escrow Agreement
Amounts Owed. Except as otherwise provided in this Article, in the event that a Party is obligated to indemnify and hold the other Party and its successors and assigns harmless under this Article, the amount owing to the Indemnified Party will be the amount of the Indemnified Party’s 's actual loss net of any insurance proceeds received by the Indemnified Party following a reasonable Commercially Reasonable effort by the Indemnified Party to obtain such insurance proceeds.
Appears in 1 contract
Samples: Energy Purchase Agreement
Amounts Owed. Except as otherwise provided in this Article, Article 18 in the event that a Party is obligated to indemnify and hold the other Party and its successors and assigns harmless under this ArticleArticle 18, the amount owing to the Indemnified Party will be the amount of the Indemnified Party’s actual loss net of any insurance proceeds or other amounts received by the Indemnified Party following a reasonable Commercially Reasonable effort by the Indemnified Party to obtain such the insurance proceeds.proceeds or remedies under third party contracts. 38 Article 19 Lender Provisions 38
Appears in 1 contract
Samples: www.aesindiana.com
Amounts Owed. Except as otherwise provided in this Article, in In the event that a Party is obligated to indemnify and hold the other Party and its successors and assigns harmless for indemnification under this ArticleArticle 17, the amount owing to the Indemnified Party will be the amount of the Indemnified Party’s actual loss net of any insurance proceeds received by the Indemnified Party following a reasonable effort Commercially Reasonable Effort by the Indemnified Party to obtain such insurance proceeds.
Appears in 1 contract
Samples: Purchase Agreement