Common use of Further Indemnity Limitations Clause in Contracts

Further Indemnity Limitations. The amount of any Loss shall be reduced (i) to the extent any Person entitled to receive indemnification under this Agreement receives any insurance proceeds with respect to a Loss and (ii) to take into account any payment or payments actually received by a Person entitled to receive indemnification under this Article X with respect to a Loss.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Universal Compression Inc), Agreement and Plan of Merger (Universal Compression Inc)

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Further Indemnity Limitations. The amount of any Loss shall be ----------------------------- reduced (i) to the extent any Person entitled to receive indemnification under this Agreement receives any insurance proceeds with respect to a Loss Loss, (ii) to take into account any Tax Benefit arising from the recognition of the Loss, and (iiiii) to take into account any payment or payments actually received by a Person entitled to receive indemnification under this Article X 12 with respect to a ---------- Loss.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pacific Gas & Electric Co)

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Further Indemnity Limitations. The amount of any Loss shall be reduced (i) to the extent any Person entitled to receive indemnification under this Agreement actually receives any insurance proceeds with respect to a Loss and Loss, (ii) to take into account any Tax Benefit arising from the recognition of the Loss, and (iii) to take into account any other payment or payments actually received by a Person entitled to receive indemnification under this Article X 12 with respect to a Loss.

Appears in 1 contract

Samples: Purchase and Sale Agreement (El Paso Corp/De)

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