Common use of Mitigation Obligation Clause in Contracts

Mitigation Obligation. Each person entitled to indemnification hereunder shall take all reasonable steps to mitigate all losses, costs, expenses and damages after becoming aware of any event which could reasonably be expected to give rise to any losses, costs, expenses and damages that are indemnifiable or recoverable hereunder or in connection herewith.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Transamerican Waste Industries Inc), Purchase and Sale Agreement (Hispanic Television Network Inc)

AutoNDA by SimpleDocs

Mitigation Obligation. Each person Except with respect to a breach of Section --------------------- ------- 11.1 hereof, each Person entitled to indemnification hereunder shall ---- take all reasonable steps to mitigate all losses, costs, expenses and damages after becoming aware of any event which could reasonably be expected to give rise to any losses, costs, expenses and damages that are indemnifiable or recoverable hereunder or in connection herewiththerewith.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ifco Systems Nv)

Mitigation Obligation. Each person Person entitled to indemnification hereunder shall take all reasonable steps to mitigate all losses, costs, expenses and damages after becoming aware of any event which that could reasonably be expected to give rise to any losses, costs, expenses and damages that are indemnifiable or recoverable hereunder or in connection herewith.

Appears in 1 contract

Samples: Stock Purchase Agreement (99 Cents Only Store)

AutoNDA by SimpleDocs

Mitigation Obligation. Each person Person entitled to --------------------- indemnification hereunder shall take all reasonable steps to mitigate all losses, costs, expenses and damages after becoming aware of any event which could reasonably be expected to give rise to any losses, costs, expenses and damages that are indemnifiable or recoverable hereunder or in connection herewith.

Appears in 1 contract

Samples: Stock Purchase Agreement (Biosource International Inc)

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