Common use of Insurance and Taxes Clause in Contracts

Insurance and Taxes. Notwithstanding anything herein to the contrary, any amount paid any third party (including, without limitation, an insurance carrier) to or on behalf of any indemnified party or otherwise reimbursed to any indemnified party with respect to a matter as to which indemnification is provided and any tax benefit received by an indemnified party with respect to a matter as to which indemnification is provided shall reduce in each instance the amount to be paid by an indemnifying party to an indemnified party with respect to such matter.

Insurance and Taxes. Notwithstanding anything herein to the contrary, any amount paid by any third party (including, without limitation, an insurance carrier) to or on behalf of any an indemnified party or otherwise reimbursed to any indemnified party with respect to a matter as to which indemnification is provided and any tax benefit received by an indemnified party with respect to a matter as to which indemnification is provided shall reduce in each instance the amount to be paid by an indemnifying party to an indemnified party with respect to such matter.