Amounts Owed. In the event that a Party is obligated for indemnification under this Article 17, the amount owing to the Indemnified Party will be the amount of the Indemnified Party’s actual Losses 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. In the event that a Party is obligated for indemnification under this Article 17, the amount owing to the Indemnified Party will be the amount of the Indemnified Party’s actual Losses loss 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
Sources: Solar Energy Purchase Agreement, Energy Purchase Agreement
Amounts Owed. In Except as otherwise provided in this Article 18 in the event that a Party is obligated for indemnification to indemnify and hold the other Party and its successors and assigns harmless under this Article 1718, the amount owing to the Indemnified Party will be the amount of the Indemnified Party’s actual Losses 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 such the insurance proceeds.proceeds or remedies under third party contracts. 38 Article 19 Lender Provisions 38
Appears in 1 contract
Sources: Power Purchase Agreement (Ppa)
Amounts Owed. In the event that a Party is obligated for indemnification under this Article 17, 17 the amount owing to the Indemnified Party will be the amount of the Indemnified Party’s actual Losses loss 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
Sources: Power Purchase Agreement
Amounts Owed. In the event that a Party is obligated for indemnification under this Article 17, the amount owing to the Indemnified Party will be the amount of the Indemnified Party’s actual Losses loss net of any insurance proceeds received by the Indemnified Party following a Commercially Reasonable effort Effort by the Indemnified Party to obtain such insurance proceeds.
Appears in 1 contract
Sources: Energy Purchase Agreement