Limitations on Indemnification Obligations. The amount that any party (an "Indemnifying Party") is or may be required to pay to any other party (an "Indemnitee") pursuant to Section 4.1 or Section 4.2 shall be reduced (including, without limitation, retroactively) by any Insurance Proceeds or other amounts actually recovered by or on behalf of such Indemnitee, in reduction of the related Loss. If an Indemnitee shall have received the payment required by this Agreement from an Indemnifying Party in respect of any Loss and the Indemnitee shall subsequently actually receive Insurance Proceeds or other amounts in respect of such Loss, then such Indemnitee shall pay to such Indemnifying Party a sum equal to the amount of such Insurance Proceeds or other amounts actually received (up to but not in excess of the amount of any indemnity payment made hereunder). An insurer who would otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect thereto, or, solely by virtue of the indemnification provisions hereof, have any subrogation rights with respect thereto, it being expressly understood and agreed that no insurer or any other third party shall be entitled to a "windfall" (I.E., a benefit they would not be entitled to receive in the absence of the indemnification provisions hereof) by virtue of the indemnification provisions hereof.
Appears in 3 contracts
Samples: Distribution and Indemnity Agreement (Western Atlas Inc), Distribution and Indemnity Agreement (Unova Inc), Distribution and Indemnity Agreement (Unova Inc)
Limitations on Indemnification Obligations. The amount that which any party (an "Indemnifying Party") is or may be required to pay to any other party (an "Indemnitee") pursuant to Section 4.1 4.01 or Section 4.2 4.02 shall be reduced (including, without limitation, retroactively) by any Insurance Proceeds or other amounts actually recovered by or on behalf of such Indemnitee, in reduction of the related Loss. If an Indemnitee shall have received the payment required by this Agreement from an Indemnifying Party in respect of any Loss and the Indemnitee shall subsequently actually receive Insurance Proceeds or other amounts in respect of such Loss, then such Indemnitee shall pay to such Indemnifying Party a sum equal to the amount of such Insurance Proceeds or other amounts actually received (up to but not in excess of the amount of any indemnity payment made hereunder). An insurer who would otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect thereto, or, solely by virtue of the indemnification provisions hereof, have any subrogation rights with respect thereto, it being expressly understood and agreed that no insurer or any other third party shall be entitled to a "windfall" (I.E.i.e., a benefit they would not be entitled to receive in the absence of the indemnification provisions hereofprovisions) by virtue of the indemnification provisions hereof.
Appears in 3 contracts
Samples: Distribution and Indemnity Agreement (Borgwarner Inc), Distribution and Indemnity Agreement (Borgwarner Inc), Distribution and Indemnity Agreement (Borgwarner Inc)
Limitations on Indemnification Obligations. The amount that which any party (an "Indemnifying Partyindemnifying party") is or may be required to pay to any other party (an "Indemniteeindemnitee") pursuant to Section 4.1 4.01 or Section 4.2 4.02 shall be reduced (including, without limitation, retroactively) by any Insurance Proceeds or other amounts actually recovered by or on behalf of such Indemniteeindemnitee and actual cash reserves held by or for the benefit of such indemnitee, in reduction of the related Lossliability. If an Indemnitee indemnitee shall have received the payment required by this Agreement agreement from an Indemnifying Party indemnifying party in respect of any Loss liability and the Indemnitee shall subsequently actually receive Insurance Proceeds or other amounts in respect of such Lossliability, then such Indemnitee indemnitee shall pay to such Indemnifying Party indemnifying party a sum equal to the amount of such Insurance Proceeds or other amounts actually received (up to but not in excess of the amount of any indemnity payment made hereunderunder this Agreement). An insurer who would otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect theretoto it, or, solely by virtue of the indemnification provisions hereofof this Agreement, have any subrogation rights with respect theretoto it, it being expressly understood and agreed that no insurer or any other third party shall be entitled to a "windfall" (I.E.i.e., a benefit they would not be entitled to receive in the absence of the indemnification provisions hereofappearing in this agreement) by virtue of the indemnification provisions hereofof this Agreement.
Appears in 3 contracts
Samples: Separation Agreement (Card Activation Technologies Inc), Split Off Agreement (Gift Liquidators Inc), Separation Agreement (Card Activation Technologies Inc)
Limitations on Indemnification Obligations. The amount that any party either CFI or the Company (an "Indemnifying Party") is or may be required to pay to any other an indemnified party (an "Indemnitee") pursuant to Section 4.1 or Section 4.2 shall be reduced (including, without limitation, retroactively) by any Insurance Proceeds or other amounts actually recovered by or on behalf of such Indemnitee, in reduction of the related Loss. If an Indemnitee shall have received the payment required by this Agreement from an Indemnifying Party in respect of any Loss and the Indemnitee shall subsequently actually receive Insurance Proceeds or other amounts in respect of such Loss, then such Indemnitee shall pay to such Indemnifying Party a sum equal to the amount of such Insurance Proceeds or other amounts actually received (up to but not in excess of the amount of any indemnity payment made hereunder). An No insurer who or other third party shall: (a) be relieved of the responsibility to pay any claims which it would otherwise be obligated to pay any claim shall not be relieved in the absence of the responsibility with respect thereto, or, foregoing indemnification provisions; (b) solely by virtue of the indemnification provisions hereof, have any subrogation rights with respect thereto, to any claims which it being expressly understood and agreed that no insurer would otherwise be obligated to pay; or any other third party shall (c) be entitled to a "windfall" (I.E., a benefit they it would not be entitled to receive in the absence of the foregoing indemnification provisions hereof) provisions. Any Indemnifying Party shall succeed to the rights of any Indemnitee with respect to any matter contemplated by virtue of the indemnification provisions hereofthis Section 4.3.
Appears in 2 contracts
Samples: Distribution Agreement (Consolidated Freightways Corp), Distribution Agreement (Consolidated Freightways Corp)
Limitations on Indemnification Obligations. (a) The amount that which any party (an "Indemnifying PartyINDEMNIFYING PARTY") is or may be required to pay to any other party Person (an "IndemniteeINDEMNITEE") pursuant to Section 4.1 the indemnification provisions contained in SECTION 3.05, SECTION 4.01 or Section 4.2 SECTION 4.02 shall be reduced (including, without limitation, retroactively) by any Insurance Proceeds or other amounts actually recovered by or on behalf of such Indemnitee, in reduction of the related Loss. If an Indemnitee shall have received the payment required by SECTION 3.05, 4.01 or 4.02 of this Agreement from an Indemnifying Party in respect of any Loss and the Indemnitee shall subsequently actually receive Insurance Proceeds or other amounts in respect of such Loss, then such Indemnitee shall pay to such Indemnifying Party a sum equal to the amount of such Insurance Proceeds or other amounts actually received (subject to the enforcement of the following sentence and up to but not in excess of the amount of any indemnity payment made hereunder). An insurer who would otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect thereto, or, solely by virtue of the indemnification provisions hereof, have any subrogation rights with respect thereto, it being expressly understood and agreed that no insurer or any other third party shall be entitled to a "windfall" (I.E., a benefit they would not be entitled to receive in the absence of the indemnification provisions hereofprovisions) by virtue of the indemnification provisions hereof.
Appears in 2 contracts
Samples: Distribution and Indemnity Agreement (Hussmann International Inc), Distribution and Indemnity Agreement (Midas Group Inc)
Limitations on Indemnification Obligations. The amount that any party (an "Indemnifying Party") is or may be required to pay to any other party (an "Indemnitee") pursuant to Section 4.1 or Section 4.2 shall be reduced (including, without limitation, retroactively) by any Insurance Proceeds or other amounts actually recovered by or on behalf of such Indemnitee, in reduction of the related Loss. If an Indemnitee shall have received the payment required by this Agreement from an Indemnifying Party in respect of any Loss and the Indemnitee shall subsequently actually receive Insurance Proceeds or other amounts in respect of such Loss, then such Indemnitee shall pay to such Indemnifying Party a sum equal to the amount of such Insurance Proceeds or other amounts actually received (up to but not in excess of the amount of any indemnity payment made hereunder). An insurer who would otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect thereto, or, solely by virtue of the indemnification provisions hereof, have any subrogation rights with respect thereto, it being expressly understood and agreed that no insurer or any other third party shall be entitled to a "windfall" (I.E.i.e., a benefit they would not be entitled to receive in the absence of the indemnification provisions hereof) by virtue of the indemnification provisions hereof.. Section 4.4
Appears in 2 contracts
Samples: Distribution and Indemnity Agreement (Unova Inc), Distribution and Indemnity Agreement (Western Atlas Inc)
Limitations on Indemnification Obligations. (a) The amount that any party which Marcam Solutions or MAPICS (each, an "Indemnifying Party") is or may be required to pay to any other party MAPICS Indemnitees or Marcam Solutions Indemnitees, respectively (each, an "Indemnitee") ), pursuant to Section 4.1 5.01 or Section 4.2 5.02 shall be reduced (including, without limitation, retroactively) by any Insurance Proceeds or other amounts proceeds of Policies actually recovered by or on behalf of such Indemnitee, in reduction of the related LossLoss that is the subject of indemnification under Section 5.01 or 5.02. If an Indemnitee shall have received the payment (an "Indemnity Payment") required by this Agreement from an Indemnifying Party in respect of any Loss and the Indemnitee shall subsequently actually receive Insurance Proceeds proceeds of Policies or other amounts in respect of such Loss, then such Indemnitee shall pay pay, to such Indemnifying Party a sum equal to the amount of such Insurance Proceeds or other amounts actually received (up to but not in excess of the amount of any indemnity payment Indemnity Payment made hereunder). An insurer who would otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect thereto, or, or solely by virtue of the indemnification provisions hereof, have any subrogation rights with respect thereto, it being expressly understood and agreed that no insurer or any other third party shall be entitled to a "windfall" (I.E., a any benefit they would not be entitled to receive in the absence of the indemnification provisions hereof) this Article V by virtue of the indemnification provisions hereof.
Appears in 2 contracts
Samples: Distribution Agreement (Marcam Corp), Distribution Agreement (Marcam Solutions Inc)
Limitations on Indemnification Obligations. (a) The amount that which any party (an "Indemnifying Party") is or may be required to pay to any other party Person (an "Indemnitee") pursuant to the indemnification provisions contained in Section 4.1 3.05, Section 4.01 or Section 4.2 4.02 shall be reduced (including, without limitation, retroactively) by any Insurance Proceeds or other amounts actually recovered by or on behalf of such Indemnitee, in reduction of the related Loss. If an Indemnitee shall have received the payment required by Section 3.05, 4.01 or 4.02 of this Agreement from an Indemnifying Party in respect of any Loss and the Indemnitee shall subsequently actually receive Insurance Proceeds or other amounts in respect of such Loss, then such Indemnitee shall pay to such Indemnifying Party a sum equal to the amount of such Insurance Proceeds or other amounts actually received (subject to the enforcement of the following sentence and up to but not in excess of the amount of any indemnity payment made hereunder). An insurer who would otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect thereto, or, solely by virtue of the indemnification provisions hereof, have any subrogation rights with respect thereto, it being expressly understood and agreed that no insurer or any other third party shall be entitled to a "windfall" (I.E.i.e., a benefit they would not be entitled to receive in the absence of the indemnification provisions hereofprovisions) by virtue of the indemnification provisions hereof.
Appears in 2 contracts
Samples: Distribution and Indemnity Agreement (Hussmann International Inc), Distribution and Indemnity Agreement (Midas Inc)
Limitations on Indemnification Obligations. The amount that which any party (an "Indemnifying Party") is or may be required to pay to any other party (an "Indemnitee") pursuant to Section 4.1 3.07.01 or Section 4.2 3.07.02 shall be reduced (including, without limitation, retroactively) by any Insurance Proceeds or other amounts actually recovered by or on behalf of such Indemnitee, in reduction of the related Loss. If an Indemnitee shall have received the payment (an "Indemnity Payment") required by this Agreement from an Indemnifying Party in respect of any Loss and the Indemnitee shall subsequently actually receive Insurance Proceeds or other amounts in respect of such Loss, then such Indemnitee shall pay to such Indemnifying Party a sum equal to the amount of such Insurance Proceeds or other amounts actually received (up to but not in excess of the amount of any indemnity payment made hereunder). An insurer who would otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect thereto, or, solely by virtue of the indemnification provisions hereof, have any subrogation rights with respect thereto, it being expressly understood and agreed that no insurer or any other third party shall be entitled to a "windfall" (I.E.i.e., a benefit they would not be entitled to receive in the absence of the indemnification provisions hereofprovisions) by virtue of the indemnification provisions hereof.
Appears in 1 contract
Samples: Distribution Agreement (Comsat Corp)
Limitations on Indemnification Obligations. The In addition to the limitation set forth in Section 10.02(e) with respect to St. Paul's aggregate liability, the amount that any which either party hereto (an "Indemnifying PartyINDEMNIFYING PARTY") is or may be required to pay to any other party (an "IndemniteeINDEMNITEE") pursuant to Section 4.1 or Section 4.2 Sections 10.01 and 10.02 shall be reduced (including, without limitation, retroactively) by any Insurance Proceeds or any other amounts actually recovered by or on behalf of such Indemnitee, in reduction of the related Loss. If an Indemnitee shall have has received the payment required by this Agreement from an Indemnifying Party in respect of any Loss and the Indemnitee shall has subsequently actually receive received Insurance Proceeds or other amounts in respect of such Loss, then such Indemnitee shall promptly pay to such Indemnifying Party a sum equal to the amount of such Insurance Proceeds or other amounts actually received (up to but not in excess of the amount of any indemnity payment made hereunder). An insurer who would otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect thereto, or, solely by virtue of the indemnification provisions hereof, have any subrogation rights with respect thereto, it being expressly understood and agreed that no insurer or any other third party shall be entitled to a "windfall" (I.E.i.e., a benefit they would not be entitled to receive in the absence of the indemnification provisions hereofprovisions) by virtue of the indemnification provisions hereof.
Appears in 1 contract
Samples: Formation and Separation Agreement (Platinum Underwriters Holdings LTD)
Limitations on Indemnification Obligations. The amount that any party either CFI or the Company (an "Indemnifying Party") is or may be required to pay to any other an indemnified party (an "Indemnitee") pursuant to Section 4.1 or 4.2, or any other Section 4.2 of this Agreement providing for indemnification, shall be reduced (including, without limitation, retroactively) by any Insurance Proceeds or other amounts actually recovered by or on behalf of such Indemnitee, in reduction of the related Loss. If an Indemnitee shall have received the payment required by this Agreement from an Indemnifying Party in respect of any Loss and the Indemnitee shall subsequently actually receive Insurance Proceeds or other amounts in respect of such Loss, then such Indemnitee shall pay to such Indemnifying Party a sum equal to the amount of such Insurance Proceeds or other amounts actually received (up to but not in excess of the amount of any indemnity payment made hereunder). An No insurer who or other third party shall: (a) be relieved of the responsibility to pay any claims which it would otherwise be obligated to pay any claim shall not be relieved in the absence of the responsibility with respect thereto, or, foregoing indemnification provisions; (b) solely by virtue of the indemnification provisions hereof, have any subrogation rights with respect thereto, to any claims which it being expressly understood and agreed that no insurer would otherwise be obligated to pay; or any other third party shall (c) be entitled to a "windfall" (I.E., a benefit they it would not be entitled to receive in the absence of the foregoing indemnification provisions hereof) provisions. Any Indemnifying Party shall succeed to the rights of any Indemnitee with respect to any matter contemplated by virtue of the indemnification provisions hereofthis Section 4.3.
Appears in 1 contract
Samples: Distribution Agreement (Consolidated Freightways Inc)
Limitations on Indemnification Obligations. The amount that any party either CFI or the Company (an "Indemnifying Party") is or may be required to pay to any other an indemnified party (an "Indemnitee") pursuant to Section 4.1 or 4.2, or any other Section 4.2 of this Agreement providing for indemnification, shall be reduced (including, without limitation, retroactively) by any Insurance Proceeds Pro ceeds or other amounts actually recovered by or on behalf of such Indemnitee, in reduction of the related Loss. If an Indemnitee shall have received the payment required by this Agreement from an Indemnifying Party in respect of any Loss and the Indemnitee shall subsequently actually receive Insurance Insur ance Proceeds or other amounts in respect of such Loss, then such Indemnitee shall pay to such Indemnifying Party a sum equal to the amount of such Insurance Proceeds or other amounts actually received (up to but not in excess of the amount of any indemnity payment made hereunder). An No insurer who or other third party shall: (a) be relieved of the responsibility to pay any claims which it would otherwise be obligated to pay any claim shall not be relieved in the absence of the responsibility with respect thereto, or, foregoing indemnification provisions; (b) solely by virtue of the indemnification provisions hereof, have any subrogation rights with respect thereto, to any claims which it being expressly understood and agreed that no insurer would otherwise be obligated to pay; or any other third party shall (c) be entitled to a "windfall" (I.E., a benefit they it would not be entitled to receive in the absence of the foregoing indemnification provisions hereof) provisions. Any Indemnifying Party shall succeed to the rights of any Indemnitee with respect to any matter contemplated by virtue of the indemnification provisions hereofthis Section 4.3.
Appears in 1 contract
Samples: Distribution Agreement (Consolidated Freightways Corp)
Limitations on Indemnification Obligations. The In addition to the limitation set forth in Section 10.02(e) with respect to St. Paul's aggregate liability, the amount that any which either party hereto (an "Indemnifying Party") is or may be required to pay to any other party (an "Indemnitee") pursuant to Section 4.1 or Section 4.2 Sections 10.01 and 10.02 shall be reduced (including, without limitation, retroactively) by any Insurance Proceeds or any other amounts actually recovered by or on behalf of such Indemnitee, in reduction of the related Loss. If an Indemnitee shall have has received the payment required by this Agreement from an Indemnifying Party in respect of any Loss and the Indemnitee shall has subsequently actually receive received Insurance Proceeds or other amounts in respect of such Loss, then such Indemnitee shall promptly pay to such Indemnifying Party a sum equal to the amount of such Insurance Proceeds or other amounts actually received (up to but not in excess of the amount of any indemnity payment made hereunder). An insurer who would otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect thereto, or, solely by virtue of the indemnification provisions hereof, have any subrogation rights with respect thereto, it being expressly understood and agreed that no insurer or any other third party shall be entitled to a "windfall" (I.E.i.e., a benefit they would not be entitled to receive in the absence of the indemnification provisions hereofprovisions) by virtue of the indemnification provisions hereof.
Appears in 1 contract
Samples: Formation and Separation Agreement (Platinum Underwriters Holdings LTD)
Limitations on Indemnification Obligations. The amount that which any party (an "Indemnifying Party") is or may be required to pay to any other party (an "Indemnitee") pursuant to Section 4.1 7.1 or Section 4.2 7.2 shall be reduced (including, without limitation, retroactively) by any Insurance Proceeds or other amounts amount actually recovered by or on behalf of such Indemnitee, in reduction of the related Loss. If an Indemnitee shall have received the payment required by this Agreement from an Indemnifying Party in respect of any Loss and the Indemnitee shall subsequently actually receive Insurance Proceeds or other amounts in respect of such Loss, then such Indemnitee shall pay to such Indemnifying Party a sum equal to the amount of such Insurance Proceeds or other amounts actually received (up to but not in excess of the amount of any indemnity payment made hereunder). An insurer who would otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect thereto, or, solely by virtue of the indemnification provisions hereof, have any subrogation rights with respect thereto, it being expressly understood and agreed that no insurer or any other third party shall be entitled to a "windfall" (I.E.i.e., a benefit they would not be entitled to receive in the absence of the indemnification provisions hereofprovisions) by virtue of the indemnification provisions hereof.
Appears in 1 contract
Limitations on Indemnification Obligations. The amount that which any party (an "Indemnifying Party") is or may be required to pay to any other party (an "Indemnitee") pursuant to Section 4.1 7.1 or Section 4.2 7.2 shall be reduced (including, without limitation, retroactively) by any Insurance Proceeds or other amounts amount actually recovered by or on behalf of such Indemnitee, in reduction of the related Loss. If an Indemnitee shall have received the payment required by this Agreement from an Indemnifying Party in respect of any Loss and the Indemnitee shall subsequently actually receive Insurance Proceeds or other amounts in respect of such Loss, then such Indemnitee shall pay to such Indemnifying Party a sum equal to the amount of such Insurance Proceeds or other amounts actually received (up to but not in excess of the amount of any indemnity payment made hereunder). An insurer who would otherwise be obligated to pay any claim shall not be relieved of the responsibility with respect thereto, or, solely by virtue of the indemnification provisions hereof, have any subrogation rights with respect thereto, it being expressly understood and agreed that no insurer or any other third party shall be entitled to a "windfall" (I.E.i.e., a benefit they would not be entitled to receive in the absence of the indemnification provisions hereofprovisions) by virtue of the indemnification provisions hereof. * Certain portions of this exhibit have been omitted pursuant to a request for confidential treatment and those portions have been filed separately with the Securities and Exchange Commission.
Appears in 1 contract
Limitations on Indemnification Obligations. The amount that any party either RSI or REX (an xx "Indemnifying Party") is or may be required to pay to any other party (an "Indemnitee") Indemnitee pursuant to Section 4.1 or Section 4.2 shall be reduced (including, without limitation, retroactively) by any Insurance Proceeds or other amounts actually recovered by or on behalf of such Indemnitee, in reduction of the related Loss. If an Indemnitee shall have received the payment required by this Agreement from an Indemnifying Party in respect of any Loss and the Indemnitee shall subsequently actually receive Insurance Proceeds or other amounts in respect of such Loss, then such Indemnitee shall pay to such Indemnifying Party a sum equal to the amount of such Insurance Proceeds or other amounts actually received (up to but not in excess of the amount of any indemnity payment made hereunder). An No insurer who or other third party shall: (a) be relieved of the responsibility to pay any claims which it would otherwise be obligated to pay any claim shall not be relieved in the absence of the responsibility with respect thereto, or, foregoing indemnification provisions; (b) solely by virtue of the indemnification provisions hereof, have any subrogation rights with respect thereto, to any claims which it being expressly understood and agreed that no insurer would otherwise be obligated to pay or any other third party shall (c) be entitled to a "windfall" (I.E., a benefit they it would not be entitled to receive in the absence of the foregoing indemnification provisions hereof) by virtue of the indemnification provisions hereofprovisions.
Appears in 1 contract