Common use of Reduction for Insurance Clause in Contracts

Reduction for Insurance. The amount which an Indemnifying Party is required to indemnify the Indemnified Party pursuant to this Agreement shall be reduced (including, without limitation, retroactively) by any insurance proceeds actually recovered by or on behalf of such Indemnified Party in reduction of the related indemnifiable loss (the "Indemnifiable Loss"). Amounts required to be paid, as so reduced, are hereafter called an "Indemnity Payment." If an Indemnified Party shall have received or shall have had paid on its behalf an Indemnity Payment in respect of an Indemnifiable Loss and shall subsequently receive, directly or indirectly, insurance proceeds in respect of such Indemnifiable Loss, then such Indemnified Party shall pay to such Indemnifying Party a sum equal to the amount of such insurance proceeds up to an amount equal to the Indemnity Payment.

Reduction for Insurance. The amount which an Indemnifying Party is required to indemnify the pay to, for, or on behalf of any Indemnified Party pursuant to this Agreement Article X shall be reduced (including, without limitation, retroactively) by any insurance proceeds actually recovered by or on behalf of such the Indemnified Party in reduction of that reduces the related indemnifiable loss (the "Indemnifiable Loss"). Amounts An amount required to be paid, as so reduced, are hereafter called is hereinafter sometimes referred to as an "Indemnity Payment." If an Indemnified Party shall have received received, or if an Indemnifying Party shall have had paid on its behalf behalf, an Indemnity Payment in respect of an Indemnifiable Loss and shall subsequently receive, directly or indirectly, insurance proceeds in respect of such Indemnifiable Loss, then such Indemnified Party shall promptly pay to such the Indemnifying Party a sum equal to the amount of such insurance proceeds up to an proceeds, or, if less, the amount equal to of the Indemnity Payment. The parties hereto agree that the foregoing shall not affect the subrogation rights of any insurance company making payments hereunder.

Reduction for Insurance. The amount which an Indemnifying Party is required to indemnify the Indemnified Party pursuant to this Agreement shall be reduced (including, without limitation, retroactively) by any insurance proceeds actually recovered by or on behalf of such Indemnified Party in reduction of the related indemnifiable loss (the "Indemnifiable Loss"). Amounts required to be paid, as so reduced, are hereafter called an "Indemnity Payment." If an Indemnified Party shall have received or shall have had paid on its behalf an Indemnity Payment in respect of an Indemnifiable Loss and shall subsequently receive, directly or indirectly, insurance proceeds in respect of such Indemnifiable Loss, then such Indemnified Party shall pay to such Indemnifying Party a sum equal to the amount of such insurance proceeds up to an amount equal to the Indemnity Payment.

Reduction for Insurance. The amount which an Indemnifying Party is required to indemnify the pay to, for or on behalf of any Indemnified Party pursuant to this Agreement shall Article XIII will be reduced (including, without limitation, retroactively) by any insurance proceeds actually which may reasonably be recovered by or on behalf of such the Indemnified Party in reduction of the related indemnifiable loss (the "Indemnifiable Loss"). Amounts required to be paid, as so reduced, are hereafter hereinafter sometimes called an "Indemnity Payment." ". If an Indemnified Party shall have received has received, or shall have had if an Indemnifying Party has paid on its behalf behalf, an Indemnity Payment in respect of an Indemnifiable a Loss and shall subsequently receivereceives, directly or indirectly, insurance proceeds in respect of such Indemnifiable Loss, then such Indemnified Party shall will promptly pay to such the Indemnifying Party a sum equal to the amount of such insurance proceeds up to an proceeds, or, if less, the amount equal to of the Indemnity Payment.

Reduction for Insurance. The amount which an Indemnifying Party is ----------------------- required to indemnify pay to, for or on behalf of the Indemnified Party Claimant pursuant to this Agreement Section 3 --------- shall be reduced (including, without limitation, retroactively) by eighty percent (80%) of any insurance proceeds actually recovered by or on behalf of such Indemnified Party Claimant in reduction of the related indemnifiable loss (the "Indemnifiable Loss"). Amounts required to be paid, as so reduced, are hereafter called an "Indemnity Payment." ". If an Indemnified Party a Claimant shall have received or shall have had paid on its behalf an Indemnity Payment in respect of an Indemnifiable Loss and shall subsequently receive, directly or indirectly, receive insurance proceeds in respect of such Indemnifiable Loss, then such Indemnified Party Claimant shall pay to such Indemnifying Party a sum equal to the amount of eighty percent (80%) of such insurance proceeds up to an amount equal to the Indemnity Payment). 4.