Insurance, Taxes. The amount of any Liabilities for which any of the Buyer Indemnified Parties is entitled to indemnification under this Agreement or in connection with or with respect to the transactions contemplated in this Agreement shall be reduced by any corresponding (i) tax benefit created or generated or (ii) insurance proceeds realized or that could reasonably be expected to be realized by such party if a claim were properly pursued under the relevant insurance arrangements.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Petroquest Energy Inc), Purchase and Sale Agreement (Petroquest Energy Inc), Purchase and Sale Agreement (Petroquest Energy Inc)
Insurance, Taxes. The amount of any Liabilities for which any of the Buyer Indemnified Parties is entitled to indemnification under this Agreement or in connection with or with respect to the transactions contemplated in by this Agreement shall be reduced by any corresponding (ia) tax Tax benefit created or generated or (iib) insurance proceeds realized or that could reasonably be expected to be realized by such party Party if a claim were properly pursued under the relevant insurance arrangements.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Vanguard Natural Resources, LLC)
Insurance, Taxes. The amount of any Liabilities for which any of the Buyer Indemnified Parties or Seller Indemnified Parties is entitled to indemnification under this Agreement or in connection with or with respect to the transactions contemplated in by this Agreement shall be reduced by any corresponding (ia) tax Tax benefit created or generated realized by any such indemnified Party or (iib) insurance proceeds realized or that could reasonably be expected to be realized actually received by any such party if a claim were properly pursued indemnified Party under the relevant insurance arrangements.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Range Resources Corp)
Insurance, Taxes. The amount of any Liabilities for which any of the Buyer Indemnified Parties is entitled to indemnification under this Agreement or in connection with or with respect to the transactions contemplated in this Agreement shall be reduced by any corresponding (i) tax benefit created insurance actually received by Buyer attributable to insurance carried or generated or (ii) insurance proceeds realized or that could reasonably be expected to be realized provided by such party if a claim were properly pursued under the relevant insurance arrangementsSeller.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Petroquest Energy Inc)
Insurance, Taxes. The amount of any Liabilities for which any of the Buyer Indemnified Parties is entitled to indemnification under this Agreement or in connection with or with respect to the transactions contemplated in this Agreement shall be reduced by any corresponding (ia) tax benefit created or generated or (iib) insurance proceeds realized or that could reasonably be expected to be realized by such party if a claim were properly pursued under the relevant insurance arrangements.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Black Elk Energy Finance Corp.)
Insurance, Taxes. The amount of any Liabilities for which any of the Buyer Indemnified Parties is entitled to indemnification under this Agreement or in connection with or with respect to the transactions contemplated in this Agreement shall be reduced by any corresponding (i) tax benefit created or generated or (ii) insurance proceeds realized or that could reasonably be expected to be realized by such party if a claim were properly pursued under the relevant insurance arrangementsactually realized.
Appears in 1 contract
