Common use of Insurance, Taxes Clause in Contracts

Insurance, Taxes. The amount of any Liabilities for which an Indemnified Party is entitled to indemnification under this Agreement shall be reduced by any corresponding net tax benefit or insurance proceeds realized by such Indemnified Party or its Affiliates from third party insurers with respect to such Liabilities (net of any collection costs, and excluding the proceeds of any insurance underwritten by the Indemnified Party or its Affiliates).

Insurance, Taxes. The amount of any Liabilities for which an Indemnified any Party is entitled to indemnification under this Agreement shall will be reduced by any corresponding net corresponding: (a) tax benefit actually recognized by such Party, computed on a with and without basis, as certified by such Party’s external accountants (it being understood that such Party will not be required to share information on its other sources of income and loss with the other Party); or (b) insurance proceeds realized received by such Indemnified Party or its Affiliates from third party insurers with respect to such Liabilities (net of Liabilities. Each Party agrees to use commercially reasonable efforts to pursue any collection costs, and excluding the proceeds of available under any insurance underwritten policies maintained by the Indemnified such Party or its Affiliates)covering such Liabilities.