Common use of Net Recovery Clause in Contracts

Net Recovery. The amount which an Indemnified Party shall be entitled to receive from an Indemnifying Party under this Article X with respect to any indemnifiable Liability shall be net of any recovery actually received by such Indemnified Party from unaffiliated third parties (including insurance proceeds (except from self-insurance programs), counterclaims, subrogation actions, warranties and indemnification from, and other claims against, third parties and the like).

Appears in 1 contract

Samples: Equity Contribution Agreement (Global Pari-Mutuel Services, Inc.)

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Net Recovery. The amount which an Indemnified Party shall be entitled to receive from an unaffiliated Indemnifying Party under this Article X IX with respect to any indemnifiable Liability liability shall be net of any recovery actually received by such Indemnified Party from unaffiliated third parties (including insurance proceeds (except from self-insurance programs), counterclaims, subrogation actions, warranties and indemnification from, and other claims against, third parties actions and the like).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Alpine Group Inc /De/)

Net Recovery. The amount which an Indemnified Party shall be entitled to receive from an Indemnifying Party under this Article X XI with respect to any indemnifiable Liability shall be net of any recovery actually received by such Indemnified Party from unaffiliated third parties (including insurance proceeds (except from self-insurance programs), counterclaims, subrogation actions, warranties and indemnification from, and other claims against, third parties and the like).

Appears in 1 contract

Samples: Foreclosure and Asset Purchase Agreement (Corporate Resource Services, Inc.)

Net Recovery. The amount which an Indemnified Party shall be entitled to receive from an Indemnifying Party under this Article X XI with respect to any indemnifiable a Liability shall be net of any recovery actually received by such Indemnified Party from unaffiliated third parties (including insurance proceeds (except from self-insurance programs)proceeds, counterclaims, subrogation actions, warranties and indemnification from, and other claims against, third parties actions and the like)) after all costs of collection on account of such Liability.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Alpine Group Inc /De/)

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Net Recovery. The amount which an Indemnified Party shall be entitled to receive from an Indemnifying Party under this Article X IX with respect to any indemnifiable Liability shall be net of any recovery actually received by such Indemnified Party from unaffiliated third parties (including insurance proceeds (except from self-insurance programs), counterclaims, subrogation actions, warranties and indemnification from, and other claims against, third parties and the like).

Appears in 1 contract

Samples: Asset Purchase Agreement (dELiAs, Inc.)

Net Recovery. The amount which an Indemnified Party shall be entitled to receive from an Indemnifying Party under this Article X V with respect to any indemnifiable Liability shall be net of any recovery insurance proceeds actually received by such an Indemnified Party from unaffiliated third parties (including with respect to such claim, net of any increased premiums and reasonable costs of pursuing an insurance proceeds (except from self-insurance programs), counterclaims, subrogation actions, warranties and indemnification from, and other claims against, third parties and the like)claim.

Appears in 1 contract

Samples: Asset Purchase Agreement (dELiAs, Inc.)

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