Common use of Tax Benefits; Insurance Proceeds Clause in Contracts

Tax Benefits; Insurance Proceeds. In determining the amount of any Claim, for which any party is entitled to reimbursement under Article XIII of this Agreement, the gross amount thereof will be reduced by any correlative net tax benefit or insurance proceeds realized or to be realized by such party and such correlative insurance benefit shall be net of any insurance premium that becomes due as a result of such claim.

Tax Benefits; Insurance Proceeds. In determining the amount of any Claimloss, liability or expense for which any party is entitled to reimbursement under this Article XIII of this AgreementV, the gross amount thereof will be reduced by any correlative net tax benefit or insurance proceeds realized or to be realized by such party party, and such correlative insurance benefit shall be net of any insurance premium that which becomes due as a result of such claim.