Common use of Net Indemnity Clause in Contracts

Net Indemnity. The amount of any Loss from and against which either party is liable to indemnify, reimburse, defend and hold harmless the other party or any other Person pursuant to Section 10.2 or Section 10.3 shall be reduced by any insurance or other recoveries or any Tax benefit that such Indemnitee actually realizes as a result of or in connection with such Loss and increased by any Taxes such Indemnitee actually realizes in respect of indemnification for such Loss.

Appears in 2 contracts

Samples: Stock Purchase Agreement, Stock Purchase Agreement (Metropolitan Life Insurance Co/Ny)

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Net Indemnity. The amount of any Loss from and against ------------- which either party is liable to indemnify, reimburse, defend and hold harmless the other party or any other Person pursuant to Section 10.2 8.2 or Section 10.3 8.3 shall be reduced by any insurance or other recoveries or any Tax benefit that such Indemnitee actually indemnified Person realizes at any time as a result of or in connection with such Loss and increased by any Taxes such Indemnitee actually indemnified Person realizes at any time in respect of indemnification for such Loss.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ace LTD)

Net Indemnity. The amount of any Loss losses from and against which either party is liable to indemnify, reimburse, defend and hold harmless the other party or any other Person person pursuant to Section 10.2 or Section 10.3 this Article shall be reduced by any insurance or other recoveries or any Tax tax benefit that such Indemnitee actually indemnified party realizes or may realize as a result of or in connection with such Loss losses and increased by any Taxes taxes such Indemnitee actually realizes indemnified party pays or may pay in respect of indemnification for such Losslosses.

Appears in 1 contract

Samples: Exclusive License and Asset Purchase Agreement (Adamis Pharmaceuticals Corp)

Net Indemnity. The amount of any Loss Losses from and against which either party any Indemnifying Party is liable to indemnify, reimburse, defend and hold harmless the other party or any other Person Indemnified Party pursuant to Section 10.2 or Section 10.3 9.2 shall be reduced by any insurance or other recoveries or any Tax benefit that such Indemnitee actually Indemnified Party realizes or may realize as a result of or in connection with such Loss and increased by any Taxes such Indemnitee actually realizes in respect (after giving effect to the net effect of indemnification for such Loss.any

Appears in 1 contract

Samples: Stock Purchase Agreement (Gryphon Holdings Inc)

Net Indemnity. The amount of any Loss Losses from and against which either party any Indemnifying Party is liable to indemnify, reimburse, defend and hold harmless the other party or any other Person Indemnified Party pursuant to Section 10.2 or Section 10.3 9.2 shall be reduced by any insurance or other recoveries or any Tax benefit that such Indemnitee actually Indemnified Party realizes or may realize as a result of or in connection with such Loss (after giving effect to the net effect of any indemnification payment) and increased by any Taxes such Indemnitee actually realizes Indemnified Party incurs or may incur in respect of indemnification for such Loss.

Appears in 1 contract

Samples: Stock Purchase Agreement (Gryphon Holdings Inc)

Net Indemnity. The amount of any Loss losses from and against which either party Party is liable to indemnify, reimburse, defend and hold harmless the other party Party or any other Person person pursuant to Section 10.2 or Section 10.3 this Article shall be reduced by any insurance or other recoveries or (and no right of subrogation shall accrue hereunder to any Tax insurer) and any tax benefit that such Indemnitee actually indemnified Party realizes or may realize as a result of or in connection with such Loss losses and increased by any Taxes taxes such Indemnitee actually indemnified Party realizes or may realize in respect of indemnification for such Losslosses.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pace Health Management Systems Inc)

Net Indemnity. The amount of any Loss from and against which either party is liable to indemnify, reimburse, defend and hold harmless the other party or any other Person pursuant to Section 10.2 8.2 or Section 10.3 8.3 shall be reduced by any insurance or other recoveries or any Tax benefit that such Indemnitee actually indemnified Person realizes or may realize as a result of or in connection with such Loss and increased by any Taxes such Indemnitee actually indemnified Person realizes or may realize in respect of indemnification for such Loss.

Appears in 1 contract

Samples: Stock Purchase Agreement (Fremont General Corp)

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Net Indemnity. The amount of any Loss Losses from and against which either party is liable to indemnify, reimburse, defend and hold harmless the other party or any other Person pursuant to Section 10.2 9.2 or Section 10.3 9.3 shall be reduced by any insurance or other recoveries or any Tax benefit that such Indemnitee actually realizes as a result of or in connection with such Loss and increased by any Taxes such Indemnitee actually realizes in respect of indemnification for such LossLosses.

Appears in 1 contract

Samples: Stock Purchase Agreement (Corning Natural Gas Holding Corp)

Net Indemnity. The amount of any Loss Losses from and against which either party any Indemnifying Party is liable to indemnify, reimburse, defend and hold harmless the other party or any other Person Indemnified Party pursuant to Section 10.2 or Section 10.3 shall be reduced by any insurance or other recoveries or any Tax benefit Benefit that such Indemnitee Indemnified Party actually realizes as a result of or in connection with such Loss (after giving effect to the net effect of any indemnification payment) and increased by any Taxes such Indemnitee Indemnified Party actually realizes in respect of indemnification for such Loss.

Appears in 1 contract

Samples: Stock Purchase Agreement (Tower Group, Inc.)

Net Indemnity. The amount of any Loss from and against which either party is liable to indemnify, reimburse, defend and hold harmless the other party or any other Person pursuant to Section 10.2 11.2 or Section 10.3 11.3 shall be reduced by any insurance or other recoveries or any Tax benefit that such Indemnitee indemnified Person actually realizes as a result of or in connection with such Loss and increased by any Taxes such Indemnitee indemnified Person actually realizes in respect of indemnification for such Loss.

Appears in 1 contract

Samples: Stock Purchase Agreement (Dynamic Materials Corp)

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