Common use of Computation of Losses Clause in Contracts

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.

Computation of Losses. For purposes of calculating any Losses suffered by an indemnified party Indemnified Party pursuant to Sections 7.1 10.1 or 7.2 hereof10.2 hereof or under any other specific indemnification covenant contained in this Agreement, the amount of the Losses suffered by the indemnified party Indemnified Party shall be the net amount of damage the Loss so suffered after giving effect to the aggregate value of any insurance money or other assets with a readily determinable value (including, without limitation, proceeds recovered with respect to such matterof insurance) realized by the Indemnified Party in connection therewith.

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.

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.

Computation of Losses. For purposes of calculating any Losses suffered by an indemnified party pursuant to Sections 7.1 13.1, (h), or 7.2 hereofunder any other specific indemnification covenant contained in this Agreement, the amount of the Losses suffered by the indemnified party shall be the net amount of damage Losses so suffered after giving effect to (i) any insurance proceeds recovered recoverable with respect to such mattermatter and (ii) any Tax Benefits attributable to such Losses. Each Loss shall bear interest at 5% per annum from the date incurred to the date the indemnification payment with respect thereto is made.