Common use of Mitigation of Costs Clause in Contracts

Mitigation of Costs. (a) Any Affected Person claiming reimbursement from Seller under Section 10.2 hereof shall use reasonable efforts (including, if requested by Seller, reasonable efforts to designate a different applicable office of such Affected Person) to mitigate the amount of such losses, costs, expenses and liabilities, if such efforts can be made and such mitigation can be accomplished without such Affected Person suffering (i) any economic disadvantage for which such Affected Person does not receive full indemnity from Seller under this Agreement or (ii) any legal or regulatory disadvantage. (b) The agreements contained in this Section 10.3 shall survive the termination of this Agreement and the payment of the Aggregate Unpaids; provided that in no event shall Seller be obligated to reimburse or compensate any Investor for amounts contemplated by this Section 10.3 for any period before the date that is 180 days before the date upon which such Investor requests in writing such reimbursement or compensation from Seller.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Anr Pipeline Co), Receivables Purchase Agreement (Colorado Interstate Gas Co), Receivables Purchase Agreement (Southern Natural Gas Co)

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