Common use of Third-Party Rights; Tax Benefits Clause in Contracts

Third-Party Rights; Tax Benefits. Any indemnification pursuant to Sections 4.1 through 4.2 shall be paid net of any tax benefit to the Indemnified Party attributable to the relevant payment. It is expressly agreed that no insurer or any other third party shall be (i) entitled to a benefit (as a third-party beneficiary or otherwise) that it would not be entitled to receive in the absence of Sections 4.1 through 4.2, (ii) relieved of the responsibility to pay any claims to which it is obligated or (iii) entitled to any subrogation rights with respect to any obligation under Sections 4.1 through 4.2.

Third-Party Rights; Tax Benefits. Any indemnification pursuant to Sections 4.1 through 4.2 Section 5.1 or Section 5.2 ----------- ------- --- shall be paid net of any tax benefit to the Indemnified Party attributable to the relevant payment. It is expressly agreed that no insurer or any other third party shall be (i) entitled to a benefit (as a third-party beneficiary or otherwise) that it would not be entitled to receive in the absence of Sections 4.1 through 4.2Section ------- 5.1 or Section 5.2, (ii) relieved of the responsibility to pay any claims to --- ----------- which it is obligated or (iii) entitled to any subrogation rights with respect to any obligation under Sections 4.1 through 4.2.Section 5.1 or Section 5.2. ----------- ------------

Third-Party Rights; Tax Benefits. Any indemnification pursuant to Sections 4.1 through 4.2 Section 7.01 or Section 7.02 shall be paid net of any tax benefit to the Indemnified Party attributable to the relevant payment. It is expressly agreed that no insurer or any other third party shall be (i) entitled to a benefit (as a third-party beneficiary or otherwise) that it would not be entitled to receive in the absence of Sections 4.1 through 4.2Section 7.01 or Section 7.02, (ii) relieved of the responsibility to pay any claims to which it is obligated or (iii) entitled to any subrogation rights with respect to any obligation under Sections 4.1 through 4.2Section 7.01 or Section 7.02.