Common use of Insurance and Tax Effect Clause in Contracts

Insurance and Tax Effect. 15.4.1 The amount of any Loss for which indemnification is provided under any of Sections 15.1 or 15.2 will be net of any amounts (net of the costs of recovery of such amounts) recoverable by the indemnified party under insurance policies, indemnification agreements or similar arrangements with respect to such Loss (collectively, a “Net Loss”). 15.4.2 Any payments made pursuant to the provisions of this Section 15 will be treated as an adjustment to the total consideration payable to the Partnership under this Agreement. The amount of any Loss will be reduced to take account of any net Tax benefit (if any) actually realized by the indemnified party arising from the incurrence or payment of any such Net Loss.

Insurance and Tax Effect. 15.4.1 The amount of any Loss for which indemnification is provided under any of Sections 15.1 or 15.2 will be net of any amounts (net of the costs of recovery of such amounts) recoverable by the indemnified party under insurance policies, indemnification agreements or similar arrangements with respect to such Loss (collectively, a “Net Loss”). 15.4.2 Any payments made pursuant to the provisions of this Section 15 will be treated as an adjustment to the total consideration payable to the Partnership Seller under this Agreement. The amount of any Loss will be reduced to take account of any net Tax benefit (if any) actually realized by the indemnified party arising from the incurrence or payment of any such Net Loss.

Insurance and Tax Effect. 15.4.1 14.4.1 The amount of any Loss for which indemnification is provided under any of Sections 15.1 14.1 or 15.2 14.2 will be net of any amounts (net of the costs of recovery of such amounts) recoverable by the indemnified party under insurance policies, indemnification agreements or similar arrangements with respect to such Loss (collectively, a “Net Loss”). 15.4.2 14.4.2 Any payments made pursuant to the provisions of this Section 15 14 will be treated as an adjustment to the total consideration payable to the Partnership Sellers under this Agreement. The amount of any Loss will be reduced to take account of any net Tax benefit (if any) actually realized by the indemnified party arising from the incurrence or payment of any such Net Loss.

Insurance and Tax Effect. 15.4.1 14.4.1 The amount of any Loss for which indemnification is provided under any of Sections 15.1 14.1 or 15.2 14.2 will be net of any amounts (net of the costs of recovery of such amounts) recoverable by the indemnified party under insurance policies, indemnification agreements or similar arrangements with respect to such Loss (collectively, a “Net Loss”). 15.4.2 14.4.2 Any payments made pursuant to the provisions of this Section 15 14 will be treated as an adjustment to the total consideration payable to the Partnership Seller under this Agreement. The amount of any Loss will be reduced to take account of any net Tax benefit (if any) actually reasonably expected to be realized by the indemnified party arising from the incurrence or payment of any such Net Loss.