Common use of Reductions for Insurance Proceeds and Other Amounts Clause in Contracts

Reductions for Insurance Proceeds and Other Amounts. The amount that any Indemnifying Party is or may be required to pay to any Indemnified Party pursuant to this Article X shall be reduced (retroactively or prospectively) in the same manner as provided in Section [4.3] of the Separation Agreement as though such claims were eligible for indemnification under the Separation Agreement, but assuming that such claims were not subject to any limitation on the ability to claim indemnification under such Separation Agreement.

Appears in 3 contracts

Samples: Employee Matters Agreement (Sylvamo Corp), Employee Matters Agreement (Sylvamo Corp), Employee Matters Agreement (Sylvamo Corp)

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Reductions for Insurance Proceeds and Other Amounts. The amount that any Indemnifying Party is or may be required to pay to any Indemnified Party pursuant to this Article X shall be reduced (retroactively or prospectively) in the same manner as provided in Section [4.3] 4.4 of the Separation Agreement as though such claims were eligible for indemnification under the Separation Agreement, but assuming that such claims were not subject to any limitation on the ability to claim indemnification under such Separation Agreement.

Appears in 1 contract

Samples: Employee Matters Agreement (Sylvamo Corp)

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