Common use of Indemnification Amount Clause in Contracts

Indemnification Amount. In the event that a Party is obligated to indemnify the other Party hereunder, the amount owing to the indemnified Party will be the amount of such Party's actual out-of-pocket loss net of (i) any insurance or other recovery and (ii) any net reduction of taxes realized by the indemnified person as a result of such loss and any recovery (whether such recovery is the indemnity payment made under this Article XIV or insurance proceeds).

Indemnification Amount. In the event that a Party is obligated to indemnify the other another Party hereunderunder this Article, the amount owing to the indemnified Indemnified Party will shall be the amount of such the Indemnified Party's actual out-of-pocket loss net of (i) any insurance proceeds received by, or other recovery and (ii) any net reduction of taxes realized by by, the indemnified person as a result of such loss and any recovery (whether such recovery is the indemnity payment made under this Article XIV or insurance proceeds)Indemnified Party.

Indemnification Amount. In the event that a Party is obligated to indemnify and hold the other Party hereunderand its successors and assigns harmless under Section 20.1, the amount owing to the indemnified Party will shall be the amount of such Party's actual out-of-of- pocket loss and expenses net of (i) any net insurance or other actual recovery and (ii) but shall not include any net reduction of taxes realized by the indemnified person as a result of such loss and any recovery (whether such recovery is the indemnity payment made under this Article XIV special, incidental, consequential or insurance proceeds)punitive damages.

Indemnification Amount. In the event that a Party is obligated to indemnify the other and hold an Indemnified Party hereunderharmless under Section 14.1 or 14.2 hereof, the amount owing to the indemnified Indemnified Party will be the amount of such Partyparty's actual out-of-pocket loss net of (i) any insurance or other recovery and (ii) any net reduction of taxes realized by the indemnified person as a result of such loss and any recovery (whether such recovery is the indemnity payment made under this Article XIV or insurance proceeds)recovery.