Effect of Taxes and Insurance. The amount of any Losses for which indemnification is provided to any Indemnitee under this Article XIV shall be net of any tax benefits realized or insurance proceeds received by such Indemnitee in connection with the Indemnification Claim.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (IMH Financial Corp), Purchase and Sale Agreement (Pebblebrook Hotel Trust), Purchase and Sale Agreement (Pebblebrook Hotel Trust)
Effect of Taxes and Insurance. The amount of any Losses for which defense or indemnification is provided to any Indemnitee under this Article XIV shall be net of any tax benefits realized or insurance proceeds received by such Indemnitee in connection with the Indemnification Claim.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Westin Hotels LTD Partnership), Agreement of Purchase and Sale and Joint Escrow Instructions (Apple Hospitality Five Inc)
