Common use of Losses Net of Insurance Clause in Contracts

Losses Net of Insurance. The amount of any Loss for which indemnification is provided under this ARTICLE X shall be net of any amounts recovered by the Indemnitee under insurance policies or in respect of any indemnity or contribution with respect to such Loss.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Galena Biopharma, Inc.), Asset Purchase Agreement (Galena Biopharma, Inc.)

AutoNDA by SimpleDocs

Losses Net of Insurance. Etc. The amount of any Loss for which indemnification is provided under this ARTICLE Article X shall be net of any amounts actually recovered or recoverable by the Indemnitee any Seller Indemnitees under insurance policies or in respect of any indemnity or contribution with respect to such Loss, but shall not be net of any tax benefit or cost with respect thereto.

Appears in 1 contract

Samples: Asset Purchase Agreement (Time Warner Telecom Inc)

AutoNDA by SimpleDocs

Losses Net of Insurance. The amount of any Loss for which indemnification is provided under this ARTICLE X shall be net of any amounts recovered by the Indemnitee under insurance policies or in respect of any indemnity or contribution that is received by the Indemnitee with respect to such Loss.

Appears in 1 contract

Samples: Asset Purchase Agreement (Depomed Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!