Common use of Reduction of Liabilities Clause in Contracts

Reduction of Liabilities. The Liabilities covered hereby shall be net of any payments to or on behalf of Indemnitee by D&O Insurance carriers or others with respect to the subject Proceeding.

Appears in 4 contracts

Samples: Indemnification Agreement (Career Education Corp), Indemnification Agreement (Diversified Food Group Inc), Indemnification Agreement (Natural Nutrition Group Inc)

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Reduction of Liabilities. The Liabilities covered hereby shall be ------------------------ net of any payments to to, or on behalf of of, Indemnitee by D&O Insurance carriers or others with respect to the subject Proceeding.

Appears in 2 contracts

Samples: Indemnification Agreement (Web Street Inc), Indemnification Agreement (Divine Interventures Inc)

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Reduction of Liabilities. The Liabilities covered hereby shall ------------------------ be net of any payments to or on behalf of Indemnitee by D&O Insurance carriers or others with respect to the subject Proceeding.

Appears in 1 contract

Samples: Indemnification Agreement (Novamed Eyecare Inc)

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