Indemnification Limitations and Procedures. (a) (The indemnification obligations of both VENDOR (pursuant to Section 14.1) and CORVIS (pursuant to Section 14.2) are limited to the extent that the amount of any recovery by a VENDOR Indemnified Party or CORVIS Indemnified Party, as the case may be, shall be net of any foreign, federal, state and/or local income tax benefits inuring to the Indemnified Party as a result of the events that entitled the Indemnified Party to recover from the Indemnifying Party.
Appears in 4 contracts
Samples: Purchase Agreement (Cidra Corp), Purchase Agreement (Wavesplitter Technologies Inc), Purchase Agreement (New Focus Inc)
