Computation of Losses. For purposes of calculating any Losses suffered by an indemnified party pursuant to Sections 7.1 or 7.2 hereof, the amount of the Losses suffered by the indemnified party shall be the net amount of damage so suffered after giving effect to any insurance proceeds recovered with respect to such matter.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Czikmantori Josef), Agreement and Plan of Merger (Duquette David), Agreement and Plan of Merger (Internetmercado Com Inc)
Computation of Losses. For purposes of calculating any Losses suffered by an indemnified party pursuant to Sections 7.1 or 7.2 hereof, the amount of the Losses suffered by the indemnified party shall be the net amount of damage so suffered after giving effect to any insurance proceeds recovered with respect to such mattermatter and to any tax benefits attributable to such damage and actually derived therefrom in the same year or in a subsequent taxable period.
Appears in 1 contract
Samples: Share Exchange Agreement (Waterpur International Inc)
Computation of Losses. For purposes of calculating any Losses suffered by an indemnified party pursuant to Sections 7.1 9.1 or 7.2 9.2 hereof, the amount of the Losses suffered by the indemnified party shall be the net amount of damage so suffered after giving effect to any insurance proceeds recovered with respect to such mattermatter and to any tax benefits attributable to such damage and actually derived therefrom in the same year or in a subsequent taxable period.
Appears in 1 contract
Samples: Asset Purchase Agreement (Waterpur International Inc)
Computation of Losses. For purposes of calculating any Losses suffered by an indemnified party pursuant to Sections 7.1 or 7.2 hereofthis Article IX, the amount of the Losses suffered by the indemnified party shall be the net amount of damage so suffered after giving effect to any insurance proceeds recovered and tax benefit received with respect to such matter.
Appears in 1 contract
Samples: Exchange Agreement and Plan of Reorganization (Olympic Cascade Financial Corp)
Computation of Losses. For purposes of calculating any Losses suffered by an indemnified party pursuant to Sections 7.1 or 7.2 hereofthis Article VII, the amount of the Losses suffered by the indemnified party shall be the net amount of damage so suffered after giving effect to any insurance proceeds recovered and tax benefit received with respect to such matter.
Appears in 1 contract
Samples: Stock Purchase Agreement (Olympic Cascade Financial Corp)
