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.
Appears in 2 contracts
Samples: Wind Energy Purchase Agreement, Solar Energy 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 lossLosses net of any insurance proceeds received by the Indemnified Party following a 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 lossloss 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: Wind Energy Purchase Agreement (Otter Tail Corp), Wind Energy Purchase 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 lossloss net of any insurance proceeds received by the Indemnified Party following a Commercially Reasonable effort by the Indemnified Party to obtain such insurance proceeds.
Appears in 2 contracts
Samples: Solar Energy Purchase Agreement, 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.loss net of any insurance proceeds or other amounts received by the Indemnified Party following a Commercially Reasonable effort by the Indemnified Party to obtain the insurance proceeds or remedies under third party contracts. 38 Article 19 Lender Provisions 38
Appears in 1 contract
Samples: Power Purchase Agreement (Ppa)
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 lossloss net of any insurance proceeds received by the Indemnified Party following a 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, 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 lossloss net of any insurance proceeds received by the Indemnified Party following a Commercially Reasonable effort by the Indemnified Party to obtain such insurance proceeds.
Appears in 1 contract
Samples: Wind Energy Purchase 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 lossloss net of any insurance proceeds received by the Indemnified Party following a Commercially Reasonable effort by the Indemnified Party to obtain such insurance proceeds.
Appears in 1 contract
Samples: Solar Energy Purchase Agreement