Common use of Mitigation of Loss Clause in Contracts

Mitigation of Loss. Each Indemnified Party shall take and shall procure that its Affiliates take all such reasonable steps and action as are reasonably necessary or as the Indemnifying Party may reasonably require in order to mitigate any Claims (or potential losses or damages) under this Article 9 (

Appears in 2 contracts

Samples: License Agreement, License Agreement (PharmaCyte Biotech, Inc.)

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Mitigation of Loss. Each Indemnified Party shall will take and shall will procure that its Affiliates take all such reasonable steps and action as are reasonably necessary or as the Indemnifying Party may reasonably require in order to mitigate any Claims (or potential losses or damages) under this Article 9 (or

Appears in 1 contract

Samples: License Agreement (Spero Therapeutics, Inc.)

Mitigation of Loss. Each Indemnified Party shall take and shall procure that its Affiliates take all such reasonable steps and action as are reasonably necessary or as the Indemnifying Party may reasonably require in order to mitigate any Claims claims (or potential losses or damages) under this Article 9 14 (

Appears in 1 contract

Samples: Collaboration and License Agreement (Sangamo Therapeutics, Inc)

Mitigation of Loss. Each Indemnified Party shall will take and shall will procure that its Affiliates and Sublicensees take all such reasonable steps and action actions as are reasonably necessary or as the Indemnifying Party may reasonably require in order to mitigate any Third Party Claims (or potential losses or damages) under this Article 9 10 (Indemnification; 132941282_13 Damages). Nothing in this Agreement will or will be deemed to relieve any Party of any common law or other duty to mitigate any losses incurred by it.

Appears in 1 contract

Samples: License and Collaboration Agreement (LianBio)

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Mitigation of Loss. Each Indemnified Party shall will take and shall will procure that its Affiliates Affiliates, Affiliated Entities (to the extent applicable) and sublicensees take all such reasonable steps and action actions as are reasonably necessary or as the Indemnifying Party may reasonably require in order to mitigate any Third Party Claims (or potential losses or damages) under this Article 9 (ARTICLE XIV. Nothing in this Agreement will or will be deemed to relieve any Party of any common law or other duty to mitigate any losses incurred by it.

Appears in 1 contract

Samples: Exclusive License Agreement (LianBio)

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