Common use of Third Party Recovery Clause in Contracts

Third Party Recovery. If the Buyer Indemnified Parties or the TCCC Indemnified Parties recover any amounts in respect of Losses from any third party at any time after the Buyer or the Sellers, as applicable, have paid all or a portion of such Losses to the Buyer Indemnified Parties or the TCCC Indemnified Parties, as applicable, pursuant to the provisions of this Article IX, the Buyer or the Sellers, as applicable, shall, or shall cause such Buyer Indemnified Parties or TCCC Indemnified Parties, as applicable, to promptly (and in any event within two (2) Business Days of receipt) pay over to the Buyer or to the Sellers, as applicable, the amount so received (to the extent previously paid by the Buyer or the Sellers, as applicable).

Third Party Recovery. If the Buyer Indemnified Parties or the TCCC CCBCC Indemnified Parties recover any amounts in respect of Losses from any third party at any time after the Buyer or the SellersSeller, as applicable, have paid all or a portion of such Losses to the Buyer Indemnified Parties or the TCCC CCBCC Indemnified Parties, as applicable, pursuant to the provisions of Article VI or this Article IX, the Buyer or the SellersSeller, as applicable, shall, or shall cause such Buyer Indemnified Parties or TCCC CCBCC Indemnified Parties, as applicable, to promptly (and in any event within two (2) Business Days of receipt) pay over to the Buyer or to the SellersSeller, as applicable, the amount so received (to the extent previously paid by the Buyer or the SellersSeller, as applicable).