Common use of Indemnification Limitation Clause in Contracts

Indemnification Limitation. (a) Each Indemnified Party under this Article IX shall use its reasonable efforts to mitigate Damages for which it seeks indemnification hereunder, and shall assign to the Indemnifying Party all of such Indemnified Party's claims for recovery against third parties as to Damages, whether by insurance coverage, contribution claims, subrogation or otherwise.

Appears in 3 contracts

Samples: Contribution Agreement (Chevron Corp), Contribution Agreement (Phillips Petroleum Co), Contribution Agreement (Chevron Phillips Chemical Co LLC)

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Indemnification Limitation. (a) Each Indemnified Party under this Article IX X shall use its reasonable efforts to mitigate Damages for which it seeks indemnification hereunder, hereunder and shall assign to the Indemnifying Party all of such Indemnified Party's ’s claims for recovery against third parties as to Damages, whether by insurance coverage, contribution claims, subrogation or otherwise.

Appears in 1 contract

Samples: Reorganization Agreement (Duke Energy Corp)

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Indemnification Limitation. (a) Each Indemnified Party under this Article IX shall use its reasonable efforts to mitigate Damages for which it seeks indemnification hereunder, hereunder and shall assign to the Indemnifying Party all of such Indemnified Party's claims for recovery against third parties as to Damages, whether by insurance coverage, contribution claims, subrogation or otherwise.

Appears in 1 contract

Samples: Contribution Agreement (Phillips Petroleum Co)

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