No Double Recovery. The Indemnitor shall not be liable to provide an indemnity under this Agreement to the extent that the Officer has recovered amounts in connection with a matter covered by this Agreement under any insurance the Indemnitor has obtained, it being the intention of the parties that the Officer may only recover once in respect of the same liability. If the Officer is indemnified by the Indemnitor and subsequently receives payment in respect of the same liability under such insurance, the Officer shall immediately pay such amount to the Indemnitor.
Appears in 13 contracts
Samples: Indemnification Agreement (SSR Mining Inc.), Indemnification Agreement (SSR Mining Inc.), Indemnification Agreement (SSR Mining Inc.)
No Double Recovery. The Indemnitor shall not be liable to provide an indemnity under this Agreement to the extent that the Officer Director has recovered amounts in connection with a matter covered by this Agreement under any insurance the Indemnitor has obtained, it being the intention of the parties that the Officer Director may only recover once in respect of the same liability. If the Officer Director is indemnified by the Indemnitor and subsequently receives payment in respect of the same liability under such insurance, the Officer Director shall immediately pay such amount to the Indemnitor.
Appears in 11 contracts
Samples: Indemnification Agreement (SSR Mining Inc.), Indemnification Agreement (Silver Standard Resources Inc), Indemnification Agreement (SSR Mining Inc.)
